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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Sodium Perborate Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

Sodium Perborate Market
Sodium Perborate Market

Due to rising demand for sodium perborate from a variety of sectors throughout the course of the forecast period, the size of the global sodium perborate market is anticipated to grow significantly. Industries including laundry detergents, laundry bleaches, and others are expanding their need for sodium perborate. Also, rising demand for sodium perborate from the healthcare sector is anticipated to promote market expansion in the near term. Being a specialised chemical, sodium perborate caters to a specific market. Moreover, it is anticipated that rising hydrogen peroxide demand would increase demand for sodium perborate. In order to create hydrogen peroxide, which is mostly used as an antiseptic to stop infection in small burns, scrapes, and wounds, sodium perborate is required.

In order to soothe sore mouths, it is often used as a mouth rinse. This is anticipated to promote the market's growth by increasing the demand for sodium perborate. Nevertheless, sodium perborate performs poorly as a bleaching agent at temperatures below 600°C, which is anticipated to reduce consumer demand and, in turn, limit the expansion of the worldwide sodium perborate market.

Developed nations from Europe and North America are anticipated to account for a sizeable portion of the sodium perborate market globally during the projected period. The demand for sodium perborate is anticipated to rise along with the demand for detergents in the North American area. Due to expanding bleach and detergent markets, areas like the Middle East and Asia Pacific are also anticipated to have considerable market expansion. Nevertheless, demand for sodium perborate is anticipated to be hampered in growing economies like China due to its poor performance around 600C temperature, which would consequently restrain market growth.

Triveni Chemicals (India), Noida Chemicals (India), Shanghai Pengkai Chemical Co., Ltd. (China), Solvay S.A. (Belgium), and Hongye Holding Group Co., Ltd. are some of the major companies active in the worldwide sodium perborate industry (China).

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