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...

Acrolein Market Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Acrolein is an unsaturated aldehyde with a terrible, burnt fat odour and a colourless to yellow look. It's also known as 2-propenal, and it's made from petrochemicals like glycerin and propylene. At room temperature, acrolein is stable, and it is soluble in ethanol with a high polymerization tendency. Acrylic acid is made from acrolein, which is also used to regulate plant and algae development, paints, hydrocarbon fuels, and to destroy bacteria and microorganisms in oil wells and wastewater treatment ponds. Acrolein is a highly electrophilic and reactive chemical that is extremely poisonous. Its production technique consists of two steps: catalytic oxidation of propylene to produce acrolein and acrolein recovery from reaction products.

Market Outlook

Because of the rising demand for Methionine, the worldwide acrolein market is predicted to increase significantly. Methionine, for example, has the highest global proportion of acrolein consumption, accounting for 61.51 percent. Furthermore, the worldwide acrolein market is predicted to develop due to increased demand for plastic and agrochemicals. Acrolein, for example, is commonly utilised in the creation of speciality chemicals like biocide. This form of biocide is used to keep algae from growing in submerged or floating irrigation canals. It's also utilised in the oil industry and for water well drilling. Furthermore, the market is predicted to develop due to the increasing presence of significant manufacturers around the world. In 2016, Evonik Industries, for example, dominated the global acrolein market with a 24.3 percent market share. In addition, the utilisation of biobased glycerol for acrolein manufacturing will propel the industry forward. Biobased glycerol has helped to lessen reliance on natural resources. Furthermore, new catalysts are being used by manufacturers to improve acrolein production.

 

Acrolein Market
Acrolein Market

Market Regional Analysis

Japan, Europe, and the United States are currently the world's major producers of acrolein. Furthermore, due to increased acrolein export and commerce in the region, the United States is likely to see considerable market expansion. Furthermore, due to the increasing engineering plastics industry in China, acrolein imports are likely to increase. The acrolein market in Europe, on the other hand, is likely to diminish as the market matures.

 

Market Players

The Shell Oil Company, Dow Chemicals, Shanghai Huachen Energy Company, Ltd, and Akzo Nobel N.V. are some of the prominent competitors in the worldwide acrolein market.

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