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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Global Graphite Market Overview, Market Drivers and Market Restraints

Graphite is a carbon-based material that is commonly utilised in refractories, lubricants, and construction materials. It has great thermal shock resistance and a high metal removal rate. Graphite is a non-metal material with great strength, stiffness, and excellent heat and electrical conductivity. Natural graphite and synthetic graphite are the two types of graphite available.

Global Graphite Market: Drivers

The expanding use of a nuclear pebble bed reactor is accelerating graphite's market expansion. By 2020, 500 new pebble reactors, each with a capacity of 100 GW, are planned to be erected in the United States, according to West Virginia University researchers. The nuclear pebble bed reactor is a more advanced variant of a high-temperature gas reactor that uses flake graphite as a moderator. A pebble bed reactor needs roughly 3000 tonnes of graphite on average.

The graphite market is primarily being driven by strong expansion in the automobile industry. Because of its lightweight, high mechanical strength, and lubricating properties, graphite is frequently utilised in the manufacture of vehicle parts such as brake linings, clutch materials, and gaskets. Furthermore, it is a good conductor of electricity and an excellent asbestos alternative. As a result, market growth is fueled by rising graphite demand from the automotive industry.

 

Graphite Market
Graphite Market

Global Graphite Market: Restraints

The usage of graphite electrodes has decreased as steel demand has decreased in nations such as China, India, and Japan. Flake graphite is mostly used in steel and refectory. As a result, a downturn in the steel industry is likely to stymie graphite market growth over the projection period.

 

Health concerns linked with graphite exposure are projected to limit market expansion. It can result in shortness of breath, chest discomfort, coughing, and other symptoms. Over the projected period, these health-related difficulties are expected to stifle graphite market expansion.

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