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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Glycerin Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Glycerin Market
Glycerin Market

Because of its qualities such as colourless, odourless, transparent viscous liquid with a sweet flavour, highly soluble in water or alcohol, and a superb solvent for other materials, glycerin market size is predicted to increase rapidly in the next years. The product can also aid with a variety of health issues, such as skin irritation and constipation. It can be employed as an emulsifier, humectant sweetener, and levigating agent in a variety of pharmaceutical and food applications.

Glycerin is a by-product of the biodiesel production process, which is made from animal fats and vegetable oil. Biodiesel usage has risen quickly in Europe and North America, owing to rising demand for alternative fuels and a growing desire for bio-renewable chemicals. This demand growth is also linked to increased worries about global climate change, reliable energy, and fluctuating crude oil costs, which are likely to boost biodiesel consumption, which would in turn boost glycerin demand over the forecast period.

The global glycerin market can be divided into food & drinks, pharmaceuticals & healthcare, personal care, and others such as automotive, based on end-use industries. The product's extensive use as a thickening agent, emulsifier, lubricant, and humectant in the personal care segment will help to the segment's growth. Glycerin market expansion will be aided by additional benefits such as low toxicity and solubility.

Due to rising demand for personal care products, the Asia Pacific glycerin market would rise rapidly during the forecast period. Glycerin demand will be boosted by rising product demand from chemical intermediates manufacturers in the region, as well as rising need for glycerin as a platform chemical, particularly in China.

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