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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Inorganic Acids Market Overview, Dynamics, Outlook and Key Players

Market Overview

Inorganic acid, also known as mineral acid, is created when an inorganic molecule dissociates in water, releasing hydrogen ions (H+) and a conjugate base. These acids are made up of hydrogen and non-metallic elements or groups of non-metallic elements. Inorganic acids are harmful to one's health, and ingesting them can be lethal. Inorganic acids include hydrofluoric acid (HF), sulfuric acid (H2SO4), nitric acid (HNO3), and hydrochloric acid (HCl), to name a few.

 

Market Dynamics

Metal refining, fertilisers, food and drinks, personal care (soaps and detergents, toothpaste), chemicals, and medicine are all businesses that use inorganic acids. HCL is used in the pickling of steel, the manufacture of organic compounds such as vinyl chloride and dichloroethane for PVC, and the manufacture of inorganic compounds such as iron (III) chloride and polyaluminium chloride (PAC). HNO3 is used as an oxidant to make nylon and adipic acid, as well as as a rocket propellant. As a result, considerable growth in end-use industries is likely to lead to increased demand for inorganic acids, propelling the worldwide inorganic acids market forward throughout the forecast period.

Inorganic acids, on the other hand, are poisonous and may have negative consequences for the environment. Furthermore, a number of organisations and countries are working to reduce the usage of such acids. Over the forecast period, these issues are expected to stifle market expansion.

 

Inorganic Acids Market
Inorganic Acids Market

Market Outlook

The market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa based on region. Growing demand for fertilisers from China and India, whose economies are heavily reliant on agriculture, is likely to propel the Asia Pacific market forward. Nitric acid is a common fertiliser component that is neutralised with ammonia to produce ammonium nitrate. Increased usage of home and personal care goods such as acidic drain cleaners, soaps and detergents, and toothpaste is driving North America's market share. The increased production of rockets for space missions is predicted to increase demand for nitric acid, assisting North America's market growth.

 

Key Players

General Chemical USA, PVS Chemicals, Inc., Basic Chemical Solutions LLC, and Azko Nobel N.V. are some of the major competitors in the inorganic acids industry.

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