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 Market Outlook

Market Overview

Ilmenite is a titanium-iron oxide mineral that is found in abundance in beach sand. Ilmenite is converted to pigment grade titanium dioxide using either the sulphate or chloride processes. The Becher process can be used to enhance and purify ilmenite in order to produce rutile, a mineral that is used in paints, plastics, paper, food, and other uses. Ilmenite is primarily found on Australia's eastern and western coasts; South Africa's Richards Bay; America's eastern coast; India's Kerala; and Brazil's eastern and southern coasts. Ilmenite comes in a variety of forms, including Cr-rich picroilmenite, ferrian ilmenite, and hystatite.

 

Market Dynamics

White titanium dioxide pigment is made mostly from ilmenite. It's also utilised in the production of white and pastel-colored paints, white-walled tyres, glazed papers, plastics, printed fabrics, and flooring products 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.

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.

 

Ilmenite Market
Ilmenite Market

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. Growing awareness and inclination for environmentally friendly products, on the other hand, is likely to boost market growth in the region.

Asia Pacific currently dominates the global ilmenite market and is likely to do so during the forecast period. This is due to the presence of substantial ilmenite sources in the area. Ilmenite can be found on Australia's eastern and western coasts, as well as in India. Due to strong growth in the paints and coatings industry in countries such as India and China, the market is also predicted to be the fastest expanding.

 

Key Players

Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd., Jiangxi Jinshibao Mining Machinery Manufacturing Co., Ltd., Abbott Blackstone, and Yucheng Jinhe Industrial Co., Ltd. are some of the major competitors in the worldwide ilmenite market.

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