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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Chloroacetyl Chloride Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Chloroacetyl Chloride Market
Chloroacetyl Chloride Market

Several factors are responsible for the market's growth trajectory, which is thoroughly examined in the report. Furthermore, the report identifies the restraints posing a threat to the global Chloroacetyl Chloride market. This report is a compilation of primary and secondary research that provides market size, share, dynamics, and forecast for various segments and sub-segments while taking macro and micro environmental factors into account. It also assesses suppliers' and buyers' bargaining power, the threat of new entrants and product substitutes, and the level of competition in the market.

Because of the COVID-19 pandemic, the global Chloroacetyl Chloride market is expected to be worth during the 2019-2027 review period. Taking into account the economic impact of the health crisis, Chlorination of Acetyl Chloride, which accounts for percent of the global Chloroacetyl Chloride market in 2021, is projected to be worth USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While the Herbicides segment is expected to grow at a rapid pace during the forecast period.

Chloroacetyl chloride is primarily used in the production of agricultural herbicides. Popular herbicides, such as alachlor and butachlor, are made with chloroacetyl chloride. However, because such herbicides pollute the environment, the production and use of alachlor and butachlor has been prohibited in the EU region. However, several countries in Latin America and the Asia Pacific region continue to use such herbicides, resulting in steady and rising demand for these herbicides. This is expected to drive the global chloroacetyl chloride market forward. In the event of a medical emergency, the human body is unable to produce adrenalin. As a result of the increased risk of life-threatening diseases, demand for externally produced adrenalin is expected to rise. Epinephrine is manufactured using chloroacetyl chloride (adrenalin hormone). This is also expected to drive the global chloroacetyl chloride market during the forecast period.

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