Press release
In Line Process Viscometer Market Outlook and Forecasts - 2023 with Chief Players Norcross Corp., Lamy Rhelogy, Anton Paar, Marimex America, Brookfield Engineering, Endress+Hauser
In Line Process Viscometer (ILPV) Market
Subject to the increasingly growing competition in the oil & gas industry, companies are now focusing on revamping the refining protocol. In line process viscometers are designed to provide precise real-time measurements without any interruptions in the ongoing refining process, which will help influence in line process viscometer market. They are installed into the currently existing course of action to maintain the flow of viscosity, which will lead to lower operational cost, thereby spurring the growth of in line process viscometer industry.
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Speaking of the petroleum application segment, the governments of emerging economies, India and China, have devised favorable regulatory mechanisms to improve the growth of the petroleum and petrochemical sectors in their respective countries. This in turn, will fuel APAC in line process viscometer industry, which is set to cross USD 66 million by 2023. Additionally, the presence of a vast number of chemical factories and refineries will stimulate the regional growth. APAC in line process viscometer market from food & beverages is projected to record a revenue of USD 9 million by 2023, with a CAGR estimation of 7.5% over 2016-2023, subject to the rising need to measure viscosity in the growing F&B sector.
In line process viscometers are massively used in the pharma sector. Rising demand for ophthalmic products pertaining to the growth of the healthcare and pharmaceutical industries will propel in line process viscometer market development. Pharmaceutical applications are projected to register a maximum CAGR of 7% over 2016-2024, primarily due to the rapidly expanding pharmaceutical sector across the developing economies of India and China.
Petroleum applications led the application landscape of in line process viscometer market in 2015. These devices help maintain high product quality via viscosity monitoring, which is a differentiating factor for crude oil industry. The robust growth of this sector will indirectly propel in line process viscometer market from petroleum applications, set to cross a revenue of USD 85 million by 2023.
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Key insights from the report include:
• Global in line process viscometer market size is forecast to register USD 225.7 million by 2023.
• Acoustic wave ILPV technology is forecast to observe highest gains of more than` 7.3% CAGR from 2016 to 2023.
• APAC food & beverages application growth prediction projects 7.5% CAGR and with USD 9 million in revenue for 2023.
• North America, dominated by U.S. in line process viscometer market share, may observe torsional oscillation technology witnessing USD 10 million in revenue for 2023 with at above 6.4% CAGR.
• Global in line process viscometer market share denotes partial consolidation. Key players, Brookfield Engineering, Anton Paar, ProRheo and Cambridge Viscosity catered to majority of the demand for 2015. Companies focus product development for diverse applications as part of the growth strategy.
Product development across numerous applications is a key growth tactic adopted by major industry players, which include Norcross Corp., Lamy Rhelogy, Anton Paar, Marimex America, Brookfield Engineering, Endress+Hauser, Cambridge Viscosity, VAF Instruments, Fuji Ultrasonic, ProRheo, Sofraser, Bartec Group, and Vectron International.
In Line Process Viscometer (ILPV) Market Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 – 2023 in detail along with the table of contents@ https://www.gminsights.com/industry-analysis/in-line-process-viscometer-ILPV-market
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