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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Carboxymethyl Cellulose Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

 

Carboxymethyl Cellulose Market
Carboxymethyle Cellulose Market

The increased use of carboxymethyl cellulose as a thickening agent or stabiliser in various food and beverages such as ice cream, milk, and baked goods drives the carboxymethyl cellulose market growth. Carboxymethyl cellulose is widely used in low-fat foods. It is also widely used in candy production, where it improves quality and texture while also ensuring the smooth dispersion of flavour oils. It is also used as an emulsifier in margarine, chewing gum, and peanut butter.

The expansion of the processed food industry, increased pharmaceutical and cosmetics production, and increased oil drilling activities are the primary drivers of the Carboxymethyl Cellulose market. Rising disposable income in emerging economies such as China, India, Mexico, Africa, and South America has led to an increase in processed food consumption. Carboxymethyl Cellulose Market is widely used in a variety of food and beverage applications as a binder, thickener, bulking agent, and suspension agent. In terms of volume consumed, the segment accounted for 31.0 percent of the global Carboxymethyl Cellulose market in 2014. The emergence of substitutes in various applications is the major factor impeding the growth of the Carboxymethyl Cellulose market. Guar gum can be used in place of Carboxymethyl Cellulose in the majority of applications. Guar gum's organic/green label is an added benefit for the product's ability to replace CMC in a variety of applications.

The purpose of this report is to estimate the global carboxymethyl cellulose market in 2014 and to forecast its demand through 2020. This market research study offers a thorough qualitative and quantitative examination of the global market. The report's research methodology included the use of secondary sources such as encyclopaedias, directories, and databases to identify and collect information useful for this extensive commercial market study. The primary sources – experts from related industries and suppliers – were interviewed to obtain and verify critical information as well as to assess the carboxymethyl cellulose market's future prospects.

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