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. Acc...
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Ilmenite Market Overview, Dynamics and Outlook

Global Ilmenite Market: Overview

 Ilmenite is a common accessory mineral that may be found in sedimentary, sedimentary, and igneous rocks all over the world. It is an iron-titanium oxide with the chemical formula FeTiO 3 that is black in colour. This mineral is used in the production of a wide range of high-performance alloys. The majority of the ilmenite mined around the world is used to make titanium dioxide, a popular polishing and whiting abrasive. It's also a significant pigment. The global ilmenite market is expected to develop due to the mineral's numerous applications.

Market Dynamics

White titanium dioxide pigment is made mostly from ilmenite. It's also used in the production of white and pastel-colored paints, white-walled tires, glazed papers, plastics, printed fabrics, and flooring materials like linoleum. As a result, rising demand for paints and coatings is likely to support ilmenite market growth. The global ilmenite market is predicted to develop in response to rising demand for paper and plastics.


Ilmenite Market
Iimenite Market


However, growing concerns about the negative effects of mining operations are projected to slow the worldwide ilmenite market's growth. Furthermore, the International Agency for Research on Cancer has designated titanium dioxide as a carcinogen (IARC). These factors are likely to hinder market expansion to some extent.

 

Market Outlook

The Asia Pacific region is likely to account for a large market share because to the rapidly increasing textile and leather industries. In addition, the expanding production of materials like silk and nylon in countries like India and China is increasing the demand for acid dyes in this region. Some European and North American corporations are moving their production operations to Asia Pacific. Because of the region's strong environmental rules, Europe's growth is likely to be significantly slower. Because of the harmful intermediaries employed in its manufacturing process, Acid Red 128, for example, has been prohibited in Europe.

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