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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Acrylic Fibers Market Overview, Drivers, Market Restraints and Market Opportunities

Acrylic fibres are man-made fibres that are made up of acrylonitrile and a monomer and have a similar appearance to wood. Basically, the co-monomer is put to acrylic fibre to improve the fabric's texture. Dry spinning and wet spinning are the two methods used to make it. It's commonly employed in the production of sweaters and tracksuits. It is also utilised in the fabrication of glove and boot linings. Acrylic fibres are made from acrilonitrile, which is a fundamental constituent raw material.

Drivers:

Acrylic fibres are expected to see increased revenue in the next years due to increased demand from the textile sector. Because of their capacity to adapt multi-color dyes in clear, brilliant, and subdued tones, acrylic fibres are utilised to provide natural aesthetic fabrics. Additionally, they are resistant to weak alkalis, UV damage, and microbiological attack. Acrylic fiber's many qualities are expected to drive up demand for acrylic fibres in the textile sector.

Additionally, rising demand from various industrial uses such as home furnishings, garments, and other industrial applications is expected to drive Acrylic fibres market growth.

 

Acrylic Fibers Market
Acrylic Fibers Market

Market Restraints

Acrylic fibres' market growth is likely to be stifled by the fluctuating price of the material, which forces manufacturers to switch to alternatives such as polyester, nylon, cellulose, and so on.

Acrylic fibres' market growth is expected to be hampered by the increasing closure of various production units across various regions such as the United States and Europe due to fierce rivalry, particularly from polyester fibres.

 

Market Opportunities

The growing amount of research and development initiatives throughout the world aimed at improving and modifying the properties of acrylic fibre is likely to propel the market for acrylic fibre to new heights.

Over the forecast period, ongoing advances in acrylic fibre, such as weather-resistant, flame-retardant, and anti-microbial acrylic fibre, are likely to provide new potential possibilities for the market. For example, Thai Acrylic Fibre Co. (Aditya Birla Group) and Bulliontex Co. Ltd. formed a cooperation in September 2018 to provide high-quality outdoor fabrics to the Thai market. These textiles are used for awnings, outdoor furniture, and maritime fabrics and are created with Thai Acrylic Fibre Co.'s Durashin fibre. These fabrics will be available domestically throughout Thailand as a result of this agreement.

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