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Showing posts with the label Unsaturated Polyester Resins Market

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...

Unsaturated Polyester Resins Market Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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  Unsaturated Polyester Resins Market Increasing demand for UPR as a cost-effective and easy-to-design and-fabricate alternative to metals like aluminium and steel is expected to drive market expansion over the forecast period. The UPR is widely utilised in a variety of industries to improve composites' thermal, flexural, and mechanical properties. The composites end-product market is predicted to exceed USD 113.2 billion by 2022, according to the American Composites Manufacturers Association. In the long run, rising demand for composite materials in the automotive and construction industries is expected to boost unsaturated polyester resin market growth. Product growth could be aided by rising demand for fiber-reinforced plastic (FRP) in the transportation, construction, and marine industries. The unsaturated polyester resin market is expected to grow due to rising demand for nonreinforced cross-linked UPR for automotive repair putty, gel coatings, and bowling balls. However, r...

Effect of Covid-19 on Unsaturated Polyester Resins Market and its Market Drivers

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The polycondensation process between polyalcohols and polyacids produces polyester resin. Unsaturated polyester resins are commonly utilised with reinforcing elements like glass fibre. The unsaturated polyester resin is used in a variety of industries, including marine, construction, electrical, and transportation. It reduces fracturing and refracturing energy usage. The Effects of COVID-19 on the Global Unsaturated Polyester Resin Market COVID-19 has had a major economic influence on a number of financial and industrial sectors, including travel and tourism, manufacturing, and aviation. According to the World Bank and IMF, the biggest economic recession will occur between 2020 and 2021. Economic activity is diminishing as a result of an increasing number of countries implementing and prolonging lockdowns, which has an influence on the global economy. The global economy has become significantly more intertwined in recent years. Global supply chain disruptions, lower demand for im...

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