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

 

Polybutadiene Market
Polybutadiene Market

The increased demand for low-cost substitutes for natural rubber, as well as the high demand for tyres in the automotive market, have boosted polybutadiene production and consumption. The market's major polybutadiene producers are integrated petroleum companies. They produce the raw materials and use them to make polybutadiene, lowering costs and ensuring an uninterrupted supply of raw materials. However, the price of polybutadiene fluctuates constantly due to the volatility of global petroleum prices, which stifles global market growth.

On the contrary, the expanding automobile industry's adoption of polybutadiene to manufacture fuel-efficient vehicles and eco-friendly tyres is driving the growth of the polybutadiene market. This factor is expected to provide lucrative opportunities for market participants.

The environment has suffered as a result of air pollution caused by the production of polybutadiene. Thus, one of the market's upcoming trends is the use of bio-based feedstock in the production of synthetic rubber. To achieve sustainability, the development of renewable chemicals for the production of polybutadiene is accelerating. As a result, major market players have concentrated on producing butadiene rubber from bio-based raw materials such as biomass and glycerine. This is proving to be more cost effective than using traditional raw materials such as butadiene and isoprene. All of these factors contribute to the global market's expansion.

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