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. Accordi
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Graphite Market Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

 

Graphite Market
Graphite Market

For the projected period of 2021 to 2028, the graphite market will increase at a rate of 5.15 percent. The increased use of graphite in the wind energy industry is a major factor propelling the graphite market forward.

Graphite is a naturally occurring mineral that is created when it is subjected to a particular amount of heat and pressure. The minerals are crystalline allotropes of coal-forming carbon. Neuron moderator, brake linings, steel making, lubricant, friction product, battery, foundry, and refractory are all examples of its use. Heat-resistant composites and carbon fibre reinforced plastics also incorporate carbon nano tubes and graphite.

Increased demand for graphite in lithium-ion batteries and fuel cells, as well as increased use of graphite in the manufacturing of structural composite parts used in aircrafts, increased adoption of graphite in refractories due to its high thermal property, increased demand for lithium-ion batteries and fuel cells, and increased demand in the aerospace and automotive sectors for lightweight materials are the major factors driving market growth. Furthermore, in the projected period of 2021-2028, the increased use of graphite in green technologies, as well as increased demand from emerging nations, will generate new opportunities for the graphite market.

However, strict government regulations regarding the mining process, as well as an increase in graphite pricing, are among the primary factors acting as barriers, and will pose a significant challenge to the graphite market's expansion throughout the forecast period.

 

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