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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...

Bromine Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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  Bromine Market Bromine's widespread use in flame retardants, water treatment, flow batteries, and oil and gas drilling applications is fueling the market's expansion. Bromine sales are further boosted by increased demand for the element in the automotive and electrical industries. As the number of fire accidents rises, so does the demand for materials that are fire-resistant. Bromine compounds are widely employed in flame retardants due to their fire-resistant characteristics. To make furniture foam, electronic plastic castings, and textiles less flammable, brominated flame retardants (BFRs) are used. As a result, sales have increased significantly. Bromine is also utilised in industries and coal-fired power plants to minimise mercury emissions. Bromide additions convert elemental mercury to its oxidised form, which is easier for emission control systems to absorb. Similarly, the use of hydrogen bromide in flow batteries has a beneficial impact on the bromine market demand...

Bromine Market Analysis, Overview, Drivers Market Restraints and Market Opportunities

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Bromine is a naturally occurring chemical element that is largely utilised as a catalyst and synthesising agent in the manufacturing of disinfectants, flame retardants, photographic chemicals, and water disinfectants, among other things. Automobiles, agriculture, and electronics are just a few of the bromine's key end-user industries. Drivers Bromine market growth is expected to be aided by increased plastic demand from the automobile industry. The market is predicted to grow as the automotive sector increasingly replaces metal with plastic in the production of lightweight vehicles in response to rising environmental concerns. Furthermore, plastic is becoming increasingly used in the electronic industry for applications including wire and cables, switches, connectors, and printed circuit boards. Bromine's market is predicted to rise due to rising demand for disinfectants and biocides. Another key reason driving bromine market expansion is the increase in oil and gas rela...

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