Increasing demand from various end-use industries such as pharmaceuticals, food and beverage, and petroleum among others, and rapid increase in refining capacities are key factors expected to drive market growth
In-Line Process Viscometer Market Size – USD 184.80 Million in 2020, Growth – at a CAGR of 6.8%, Trends – Increasing output capacity of refineries across the globe
The global In-Line Process Viscometer Market size is expected to reach USD 312.80 Million by 2028 at a CAGR of 6.8%, according to the latest report by Reports and Data. In-line process viscometers are gaaining popularity owing to their increasing ability to improve quality of products through reliable and accurate estimations leading to process stabilization and this is expected to drive market revenue growth over the forecast period. In-line process viscometers also offer overall automation of process and reduce capital expenditure drastically, thereby boosting their adoption in several end-user industries. In addition, increasing need for energy across the globe and advancement in chemical technologies are expected to further drive market growth over the forecast period.
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Top Companies: Anton Paar, Brookfield Engineering, Cambridge Viscosity, ProRheo, Lamy Rheology, Brabender Gmbh Co. Kg, Hydromotion, Marimex America Llc., Fuji Ultrasonic Engineering, Sofraser, Mat Mess- Analysetechnik, Endress+Hauser Consult AG, Norcross, Bartec, Atac, and Orb Instruments, Inc.
Further Key Finding from the Report Suggestion:
- Vibration segment is expected to register significant revenue growth over the forecast period owing to increasing application of vibration-based viscometers in refineries, adhesives, chemicals, plastics, inks, paper, paints, and oils, among others. These units can be easily integrated into various industrial fluid processes and enhance quality and accuracy of the process over a longer period.
- Petroleum segment is expected to account for largest revenue share in the global market over the forecast period owing to increasing need to enhance product quality and procedure efficiency and yield to improve sales of crude oil. Increasing competition in the crude oil sector is expected to further boost demand for in-line process viscometer in the petroleum industry.
- North America is expected to account for significantly larger revenue share in the global market over the forecast period owing to robust presence of crude oil refineries as well as increasing demand for in-line viscometers from the food and beverages industry.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global In-Line Process Viscometer (ILPV) Market is segmented into:
Technology Outlook (Revenue, USD Million; 2018-2028)
- Torsional Oscillation
- Acoustic Wave
- Moving Piston
- Dynamic Fluid
Application Outlook (Revenue, USD Million; 2018-2028)
- Food Beverages
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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