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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 Metal Market Overview, drivers and Restraints

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Sodium is a soft, silvery alkali metal that belongs to group 1 and has the chemical symbol Na. The electrolysis of fused caustic soda with negligible carbon and iron produces sodium metal. Sodium metal is utilised as a coolant in nuclear reactors and is also employed in the metal, chemical, paper, petroleum, soap, glass, and textile industries. In high-temperature pipes, sodium metal is also utilised as a heat transfer fluid. Baking soda, regular table salt, soaps and detergents, baking powder, and aspirin are all sodium-containing items. Furthermore, sodium metal is employed in the production of synthetic rubber. Drivers Growing demand for sodium metal for the manufacturing of indigo dye, which is then utilised in the dyeing of cotton yarn, is predicted to propel sodium metal's market expansion. The element sodium is an essential component in the creation of indigo dye. As a result, the developing textile sector, rising demand for denim products, and rising per capita income i...

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