Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Accordi
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Ferric Hydroxide Market Structure Remains Fragmented and Application of Ferric Hydroxide in Wastewater Treatment

Ferric hydroxide, often known as iron (III) hydroxide, is a naturally occurring granular, dark orange-colored material. Ferric hydroxide is used in water treatment to eliminate common contaminants present in high concentrations in domestic wells, such as arsenic, fluoride, selenium, and cadmium. Heavy metals like arsenic are always present in ground wells, which are the principal sources of water in rural regions. It is difficult to detect because it has no taste or odour, and chronic ingestion could lead to cancer and skin problems. Ferric hydroxide is also used in the pharmaceutical business to make treatments for hematinic patients.

 

Application of Ferric Hydroxide in Wastewater Treatment

Many governments are enacting strict wastewater treatment rules in order to reduce water contamination. Chemicals are used in a variety of industries, including chemical, pharmaceutical, oil and gas, paper and pulp, and others, to treat water in a sustainable manner. Due to its chemical features, ferric hydroxide granules are becoming more popular for lowering harmful metal concentrations in industrial water, such as arsenic, copper, zinc, and others.

Ferric hydroxide is also utilised in a variety of water treatment chemicals applications, including the removal of undesired compounds from mineral water, ground water remediation, spring water and therapeutic water treatment, and so on. As a result, the ferric hydroxide market is expected to grow faster as the water treatment sector expands.

 

Ferric Hydroxide Market
Ferric Hydroxide Market

Ferric Hydroxide Market Structure Remains Fragmented

A lot of manufacturers are focusing on developing their inorganic oxides business through expansions, joint ventures, and solid distribution relationships in the worldwide ferric hydroxide market, which has a somewhat fragmented competition environment.

Some worldwide and regional ferric hydroxide manufacturers are prioritising product development to expand their offers to the water treatment market. Manufacturers may continue to focus on inorganic growth techniques such as acquisitions, expansions, and product innovations to achieve considerable market share.

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