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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...

Sodium Hexametaphosphate (SHMP) Market Analysis, Dynamics and Outlook

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SHMP (Sodium Hexametaphosphate) is a translucent, solid substance. This glossy phosphate is widely utilised as a raw material in the production of a wide range of industrial and consumer goods. Sodium hexametaphosphate is available in two grades: technical and food. As an emulsifier, curing agent, firming agent, taste enhancer, stabiliser, and thickening, sodium hexametaphosphate excels.   Market Dynamics The diverse applications of sodium hexametaphosphate (SHMP) in various end-use industries such as food, drinks, paper, detergents, water treatment, animal feed, and others have fueled the expansion of the sodium hexametaphosphate (SHMP) market . Sodium hexametaphosphate (SHMP) demand is expected to rise due to favourable growth in these end-use industries around the world over the forecast period (2018-2025). Strenuous trade restrictions, such as the imposition of antidumping taxes on sodium hexametaphosphate imports, pose a significant burden for manufacturers and merchan...

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