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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Asphalt Additives Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Asphalt Additives Market
Asphalt Additives Market

Asphalt is a type of asphalt additive that is mixed with other concrete ingredients to make asphalt concrete. An asphalt additive is used as an adhesive in road building. The asphalt additives are also utilised as waterproofing materials. Asphalt additives lower the cost of the pavement's life cycle, including stripping, cracking, permanent deformation, ravelling, and thickness.

The market size is anticipated from 2018 to 2028, with 2019 as the base year for the analysis. The asphalt additives market will be driven by factors such as rising demand in the Asia-Pacific region, rise in the food and beverage and healthcare industries, and increased consumer awareness of health in the future years. The report's base year is 2019 and its projection period is 2020 to 2028.

Heavy investments in the construction industry to fulfil the growing demand for industrial and residential infrastructure in the BRICS countries are likely to improve overall demand in those countries, complementing the worldwide Asphalt Additives Market. Sporting events such as the 2016 Summer Olympics in Brazil and the 2018 FIFA World Cup in Russia are projected to spur construction growth and demand for asphalt additives. The global industry is likely to benefit from an increase in government road construction projects in developed economies. Furthermore, the advantages of environmental benefits over other traditional additives are likely to aid worldwide demand growth throughout the foreseeable period. Asphalt additives, such as cold-mix additives, release low to no harmful emissions when compared to other additives. The recent shift to bio-based additives like bio-asphalt binder and lignifame is projected to open up a large market.

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