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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Optical Brighteners Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Optical Brighteners Market
Optical Brighteners Market

Optical brighteners are compounds that absorb light in the violet or ultraviolet region of the electromagnetic spectrum and reemit it in the blue region, by a process known as fluorescence. Optical brighteners are also referred to as fluorescent whitening agents or fluorescent brightening agents. Optical brighteners possess properties such as are whiteness and brightness, light fastness, washing fastness, heat resistance, chemical stability, metamerism, low volatility and high solubility in organic solvents. Optical brighteners are mainly used to brighten colors or mask yellowing and are thus, used  as detergent whiteners, paper brighteners, as well as textile whitening, fiber whitening, and brightening or color-correcting additives in cosmetics.

Development in the cleaning and laundry sector is another major factor responsible for expanded optical brighteners demand, as they have better cleaning aspects and can be utilized as fabric softeners. Optical brighteners are also used as bleaching additives in the paper and pulp sector and in the cosmetics sector. Increasing consumption of the item in coated, and uncoated, paper items will also act as a substantial role in fuelling its demand.

Growth in sectors such as paper, textile, and chemical are responsible for the huge demand of the product and this shift is likely to continue during the coming years. Upcoming projects for development in various nations including France, China, Germany, and India in the chemical sector are also facilitating the market development. Reducing oil prices have led into fluctuations in the volatility in the Optical Brighteners market and prices of raw material. Users and Resellers of optical brighteners seen declining margins due to this trend.

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