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In Line Process Viscometer Market Competitive Analysis by Chief Players Endress+Hauser Group, Anton Paar, Galvanic Applied Sciences, Inc., VAF Instruments BV, Sofraser, Brabender® GmbH & Co. KG

01-23-2019 07:32 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

In Line Process Viscometer (ILPV) Market

In Line Process Viscometer (ILPV) Market

The extensive requirement for automated fluid viscosity control in oil & gas refineries will drive in line process viscometer (ILPV) market over the years to come. The capacity expansion in refining companies subject to the rising requirement of energy will also fuel the industry growth. As per Global Market Insights, Inc., “In Line Process Viscometer (ILPV) Industry, worth more than USD 133 million in 2015, will cross a revenue of USD 225.7 million by 2023, with a CAGR projection of 6.5% over 2016-2023.”

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.

Automation is the latest trend implemented by refineries manufacturing oils, adhesives, lubricants, and other fluid-based products. Viscometers help provide accurate measurements and maintain balance in the current course of action, which is likely to further stimulate in line process viscometer market.

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These viscometers find applications across the petroleum, pharmaceutical, chemical, and food & beverage sectors. Rising demand for automated manufacturing may lead in line process viscometer market share from chemical applications to cross USD 54 million by 2023. Pertaining to reduced operational cost, many chemical-based companies such as adhesives, paints & coatings, and inks will utilize viscometers, thereby fueling in line viscometer industry from chemical applications.

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.

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.

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Driven by the rapid expansion of the petrochemical industry in countries such as UAE, Qatar, and Saudi Arabia, MEA in line process viscometer market will observe a lucrative annual growth rate of 7% over 2016-2023.

Technologically, torsional oscillation in line process viscometer industry will observe a CAGR of more than 6.85 over 2016-2023. This technology is widely deployed across the polymer, oil & gas, asphalt, petrochemical, and adhesive sectors. Of late, the rising demand to accurately measure human blood viscosity has also triggered the usage of this technology in the healthcare sector, thereby fueling in line process viscometer market.

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

Product development across numerous applications is a key growth tactic adopted by major industry players, which include

• Galvanic Applied Sciences, Inc.
• VAF Instruments BV
• Sofraser
• Brabender® GmbH & Co. KG
• Micromotion
• Norcross Corporation
• Endress+Hauser Group
• Anton Paar

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: allnewsmyway.com/

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