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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Propylene Oxide Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Propylene oxide (CH3CHCH2O) is a clear, colourless gas. It is an organic chemical that is used to make polyether polyols, which are then used to make polyurethane polymers. Hydrochorination or oxidation can both yield propylene oxide. Propylene oxide is used in a variety of industries, including the automotive and construction industries. Propylene oxide is used in the automobile sector to make flexible foams, paints, sealants, coolants, car seats, brakes, and hydraulic fuels. It's also utilised in paints, waterproofing, coatings, adhesives, grouts, and other products. However, the market's growth is being stifled by the availability of propylene oxide replacements.

Propylene Oxide Market outlook:

Because of the strong demand for propylene oxide from end-use industries, the propylene oxide market in Asia Pacific is gaining substantial pace. Because of new advancements in infrastructure, building, and the automotive industry, propylene demand has skyrocketed. The largest contributors to propylene oxide growth are China, India, Japan, and South Korea. The reduction in taxes for small engine automobiles in China has resulted in an increase in car sales, which has fueled the expansion of the propylene oxide industry. According to the China Association of Automobile Manufacturers (CAAM), China's automotive industry grew by 6.2 percent year over year in 2016-2017.


Propylene Oxide Market
Propylene Oxide Market


The presence of significant automotive businesses in North America, such as Ford, General Motors, and Fiat, is likely to boost automobile production over the forecast period. Furthermore, the New Building Canada Fund has set a goal of investing $10 billion in public infrastructure over a ten-year period, from 2014 to 24.

Propylene is the most important raw ingredient used to make propylene oxide, which is made from crude oil. Because of the rapid growth of the construction and oil and gas industries in the Middle East, demand for propylene oxide is increasing. In addition, fresh investments in Qatar and Saudi Arabia for the FIFA World Cup 2022 are planned to significantly expand hotel, stadium, retail, and public infrastructure building. Propylene is the most important raw ingredient used to make propylene oxide, which is made from crude oil. Because of the rapid growth of the construction and oil and gas industries in the Middle East, demand for propylene oxide is increasing. In addition, fresh investments in Qatar and Saudi Arabia for the FIFA World Cup 2022 are planned to significantly expand hotel, stadium, retail, and public infrastructure building. As a result, the propylene oxide market is predicted to expand.

 

SK Chemicals, The Dow Chemicals, Royal Dutch Shell, Tokuyama Corporation, Co., Ltd., BASF S.E., Huntsman International LLC., AGC Chemicals, CSPC Pharmaceutical Group Limited, China Petrochemical Corporation, Eastman Chemical Company, Inc., PetroChina International Co., Ltd., Ineos Group Limited, Tokuyama, Hanwha Group, The Dow Chemical Company, Sumitomo Chemical, Repsol, Air Liq, Tokuyama Corporation,

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Future Prospects of Global Laboratory Proficiency Testing Market

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