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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Sodium Hexametaphosphate (SHMP) Market Analysis, Dynamics and Outlook

SHMP (Sodium Hexametaphosphate) is a translucent, solid substance. This glossy phosphate is widely utilised as a raw material in the production of a wide range of industrial and consumer goods. Sodium hexametaphosphate is available in two grades: technical and food. As an emulsifier, curing agent, firming agent, taste enhancer, stabiliser, and thickening, sodium hexametaphosphate excels.

 

Market Dynamics

The diverse applications of sodium hexametaphosphate (SHMP) in various end-use industries such as food, drinks, paper, detergents, water treatment, animal feed, and others have fueled the expansion of the sodium hexametaphosphate (SHMP) market. Sodium hexametaphosphate (SHMP) demand is expected to rise due to favourable growth in these end-use industries around the world over the forecast period (2018-2025).

Strenuous trade restrictions, such as the imposition of antidumping taxes on sodium hexametaphosphate imports, pose a significant burden for manufacturers and merchants. Furthermore, food-grade SHMP must comply with the Food Chemicals Codex (FCC), which specifies the amount of harmful pollutants that can be present, the pH range, and appropriate manufacturing methods for sodium hexametaphosphate.

 

Sodium Hexametaphosphate (SHMP) Market
Sodium Hexametaphosphate Market

Market Outlook

The food grade sector of the worldwide sodium hexametaphosphate (SHMP) market is expected to develop at the quickest rate over the forecast period. In the production of cheese, processed meat, milk-based beverages, and a variety of other food and beverage items, food grade sodium hexametaphosphate is chosen as a texturizer and buffering agent.

In 2017, the water treatment sector dominated the market in terms of application. In hard water, sodium hexametaphosphate is widely used to trap calcium and magnesium. Hard water produces lime scale buildup in pipes, resulting in decreased water flow rates and greater pumping and cleaning costs. As a result, sodium hexametaphosphate is utilised as a softening agent in recycled water and to prevent scale formation in industrial operational units such as condensers, heat exchangers, pipelines, and boilers.

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