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Ukraine's cut of the Russian oil pipeline has had an impact on the market for dna rna extraction

On the evening of August 9, the Russian state oil pipeline company announced that oil shipments through Ukraine had been suspended.

Ukraine's pipeline operator Ukrtransnafta has suspended transit services for Russian natural gas since August 4, according to a statement issued by Russia's national oil pipeline company Transneft on Tuesday local time, Huanqiu.com reported, citing foreign media. At present, Russia is still sending gas to Poland and Germany through the northern branch of the Friendship pipeline, the statement said. Supplies to the southern branch, which carries gas through Ukraine to H ungary, the Czech Republic and Slovakia, have been suspended.

Japan and South Korea are also competing for natural gas. After the European Union, Japan and South Korea also joined the group.

South Korea, the world's third-largest importer of LNG, is looking to purchase more cargos to meet expectations of rising domestic demand and plans to raise inventories to around 90 percent by November from around 34 percent currently, the Ministry of Trade, Industry and Energy said on Aug 8. This was due to a "high" level of uncertainty caused by the summer heatwave and the Russia-Ukraine conflict, the ministry said.

In addition to South Korea, Japan, the world's second-largest importer of liquefied natural gas, has been snapping up gas purchases. In response, some traders believe Japan and South Korea are seeking to secure supplies for the winter and beyond because they fear gas prices will rise later this year as European demand increases.

The concerns of countries such as Japan and South Korea are not entirely unfounded, as gas prices in Asia are soaring in response to strong demand from European countries.

Gas prices in Asia jumped nearly tenfold

Recently, it was reported that the current spot (point-of-care) price of liquefied natural gas (LNG) in Asia has risen to nearly 10 times the level of previous summers. LNG futures for Asian countries such as Japan and South Korea traded at $44.66 per 1 million British thermal units (BTU) as of August 5. By contrast, benchmark gas futures from the Dutch Ownership Transfer Centre (TTF), which is seen as a bellwether for European gas prices, are well above their Asian counterparts. As of August 8, benchmark TTF Dutch gas futures were trading at €191 / MWH.

The world to the government at the Chinese Academy of Social Sciences research director of international commodities Yong-Zhong wang said in an interview with the 21st-century economic report reporter because Europe's comprehensive sanctions imposed on Russian energy, greatly reduce the purchase of Russian gas, and Russia to Europe export pipeline gas is difficult to in the short term can be converted into liquefied natural gas (LNG), In addition, it takes a long time to build infrastructure for LNG transportation, so it is inevitable that the natural gas supply in the market will be in short supply for a long time.

Overview of market area prospect of dna rna extraction

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further divided into countries such as the United States and Canada. The European region is further divided into The United Kingdom, France, Germany, Italy, Spain, Russia and the rest of Europe. The Asia Pacific region is further subdivided into China, Japan, Korea, India, Australia, Southeast Asia and the rest of Asia Pacific. The Latin America region is further subdivided into Brazil, Mexico and the rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa and the rest of MEA.

Buy high quality and effective DNA & RNA nucleic acid extraction reagent, lab consumables, automatic nucleic acid extractions, real-time PCR equipment and consumables or dna rna extraction . Send an email to: info@geneture.com and our professional sales engineer will get back to you within 48 hours.

Analysis and forecast of the market size of PCR diagnostic industry

Polymerase chain reaction (PCR) is a nucleic acid synthesis technology that uses the principle of DNA double-strand replication to replicate specific DNA fragments in vitro. With this technology, the detection equipment can amplify the target gene in a large number in a short time, expanding the target gene fragment to the order of millions to billions, thus achieving high sensitivity detection. At present, polymerase chain reaction (PCR) diagnosis of infectious diseases such as hepatitis, venereal disease, intestinal respiratory disease and tumor single gene detection is an important application field. In 2020, polymerase chain reaction (PCR) diagnostic technology was identified as the "gold standard" for COVID-19 diagnosis due to its high sensitivity and accuracy.

China's PCR diagnostic market is developing rapidly, with the market size growing rapidly from about RMB 2.37 billion in 2015 to about RMB 5.93 billion in 2019, with a compound annual growth rate of 25.8%. China's PCR industry experienced explosive growth due to the huge demand for testing caused by the outbreak of COVID-19 in 2020, and the market size of China's PCR diagnostic industry exceeded 10 billion yuan in 2020. With the introduction of a large number of PCR diagnostic instruments, the PCR diagnostic industry will enter a new stage of development. It is expected that the PCR diagnostic industry will maintain a double-digit growth rate, and the market size of the PCR diagnostic industry will reach about 23.42 billion yuan in 2030 based on the factory price, and the cagR will reach about 13.3% from 2019 to 2030.

Market Demand of the dna rna extraction

The DNA/RNA Extraction Kit market and other dna rna extraction s are projected to grow at a CAGR of 8.26% during the forecast period 2022-2027.

The COVID-19 pandemic has impacted the dna rna extraction market for a short time due to restrictions on different business and research activities for dna rna extraction s. In addition, diagnostic tests for other diseases and medical conditions in hospitals and other clinical diagnostic facilities have been affected as COVID-19 has led to fewer patients taking tests. However, the high rate of COVID-19 infection and research activities are undertaken by major companies in the field of sequencing to expand their understanding of the virus and its origins, as well as molecular diagnostics of the SARS-COV-2 virus, have led to the development and launch of many DNA - and RNA-BASED COVID-19 kits, The kits proved so important that they were in great demand.

Market drivers for the dna rna extraction

The growth of the DNA/RNA extraction kit market is primarily driven by increased investment in R&D activities in different areas, including molecular diagnostics for different chronic and infectious diseases. For example, the US spent $842 billion on R&D activities in 2020, followed by China at $664 billion, according to the ORGANISATION for Economic Co-operation and Development. Technological advances worldwide, new product launches by major market players, and an increase in cancer cases are also likely to complement the growth of the markets under study.

Other factors, such as increased demand for automation of DNA/RNA extraction technologies, new user-friendly and easy extraction kits, and DNA/RNA for analysis of new diseases causing microorganisms, are expected to drive DNA/RNA growth. RNA Extraction Kit market during the forecast period. Therefore, low awareness and availability of the kit and low market penetration in less developed and developing regions around the world are the major factors limiting the growth of the DNA/RNA extraction kit market.

North America is expected to dominate the global dna rna extraction market during the forecast period

North America, which holds a major share in the dna rna extraction market, is expected to show a similar trend during the forecast period, mainly due to the high level of R&D activity in the region and the presence of major market players in the region constantly developing their products for the markets studied.

In the region, the US is expected to take a major share of the DNA/RNA extraction kit market due to heavy investment in R&D by government and private entities, increased demand for dna rna extraction s, and the rising prevalence of chronic diseases.

The dna rna extraction professional supplier manufacturer -Geneture

Geneture is a professional supplier of Nucleic Acid Extraction Reagent,Automatic Nucleic Acid Extraction,Lab consumables, Real-time PCR, Covid-19 Rapid Test Supplier. Buy high quality and effective DNA & RNA nucleic acid extraction reagent, lab consumables, automatic nucleic acid extractions, real-time PCR equipment and consumables.

Feel free to get a qutoe send an email to: info@geneture.com and our professional sales engineer will get back to you within 48 hours.

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