DUBLIN, Oct. 22, 2018 /PRNewswire/ --
The "Rheometer & Viscometer Market by Product (Dynamic & Torque Rotation, Oscillatory, Capillary Rheometer, Rotation, Process, Capillary Viscometer), Sample (Resin, Coating, Suspension), End User - Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The global rheometer and viscometer market is projected to reach USD 878.6 million by 2023 from USD 721.5 million in 2018, at a CAGR of 4.0%.
The demand for rheometers and viscometers across key markets is majorly driven by factors such as technology advancements; expansion of petrochemical and material manufacturing industries; growing stringency of the regulatory framework for product safety compliance in cosmeceutical, biotechnology, and pharmaceutical industries; rising public-private investments to support product innovation; and increasing burden of target diseases, globally.
This report broadly segments the rheometer and viscometer market into product, sample type, end user, and region. On the basis of product, the viscometer market is segmented into rheometers and viscometers. The viscometers segment is expected to account for the largest share of the global rheometer market in 2018. The large share of this segment is attributed to the increasing adoption of viscometers among lab technicians and researchers in pharmaceutical and petrochemical industries due to the procedural benefits offered by these instruments, such as the capability to analyze samples in varied environments, high accuracy, versatility for analyzing different samples, ease of handling, fast processing time, device portability, need of small sample volume, capability to analyze time-dependent fluids, and capability to perform shear-dependent analysis at various speeds.
Based on sample type, the market is categorized into resins & coatings, suspensions & slurries, pastes & gels, and other samples. The resins & coatings segment is expected to be the fastest-growing sample segment during the forecast period. The dominant market position of this segment is mainly due to the growing adoption of rheometers & viscometers by paint and coating manufacturers; the increasing production of paints, coatings, binders, solvents, pigments, fillers and additives; increasing usage of rheometers and viscometers among petrochemical manufacturers; and growing availability of innovative and affordable devices across emerging countries.
On the basis of end user, the viscometer market is segmented into petroleum product manufacturers & petrochemical refineries; pharmaceutical, cosmeceutical, and biotechnology companies; chemical and material manufacturers; food and beverage manufacturers; and research & academia, and other end users. The petroleum product manufacturers & petrochemical refineries segment is expected to account for the highest growth rate of the rheometer and viscometer market during the forecast period. The high growth can be attributed to the rising production output & capabilities of major product manufacturers.
This report covers the market across four major regions, namely, North America, Europe, the Asia Pacific, and the RoW. North America is expected to command the largest share of the market in 2018. Dominant position of North America in the global viscometer market is attributed to the ongoing technological advancements in the field of rheometers and viscometers, growing number of disease diagnostic procedures based on viscosity/rheology analysis, strong presence of major device manufacturers, and the wide availability of rheometers and viscometers in the region (owing to the strong distribution networks of major product manufacturers in North America).
Factors such as high cost of rheometers & viscometers and lack of availability of well-skilled technicians to operate rheometers & viscometers are expected to restrain the growth of the market during the forecast period.
The major players in the market are Brookfield Engineering Laboratories (US), Anton Paar (Austria), Spectris (UK), Waters Corporation (US), and Cannon Instrument Company.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Global Rheometer and Viscometer Market: Overview
4.2 Global Rheometer Market, By Type, 2018 vs 2023 (USD Million)
4.3 Global ViscometersMarket, By Type, 2018 vs 2023 (USD Million)
4.4 Global Rheometer and Viscometer Market, By Sample Type, 2018 vs 2023 (USD Million)
4.5 Global Rheometers and Viscometers Market, By End User, 2018
4.6 Global Viscometer Market, By Country, 2018
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Major Drivers
5.2.1.1 Technological Advancements in Rheometers and Viscometers
5.2.1.2 Expansion of Petrochemical and Material Manufacturing Industries
5.2.1.3 Increasing Stringency of the Regulatory Framework for Product Safety Compliance in Cosmeceutical and Pharma-Biotech Industries
5.2.1.4 Growing Public-Private Investments to Support Product Innovation in End-Use Industries
5.2.1.5 Rising Global Burden of Target Diseases
5.2.2 Key Restraints
5.2.2.1 High Cost of Advanced Rheometer and Viscometer Platforms
5.2.3 Major Growth Opportunities
5.2.3.1 Growing Public Emphasis on the Implementation of Stringent Food Safety Regulations
5.2.3.2 Increasing Awareness About the Growing Industrial Applications of Viscometers and Rheometers Among End Users
5.2.3.3 Emerging Markets
5.2.4 Key Industry Challenge
5.2.4.1 Limited Availability of Well-Skilled Technicians for Instrument Operation
6 Viscometer Market, By Product
6.1 Introduction
6.2 Viscometers
6.2.1 Rotational Viscometers
6.2.2 Process Viscometers
6.2.3 Capillary Viscometers
6.2.4 Other Viscometers
6.3 Rheometers
6.3.1 Torque Rotational Rheometers
6.3.2 Dynamic Rotational Rheometers
6.3.3 Capillary Rheometers
6.3.4 Oscillatory Rheometers
6.3.5 High-Throughput Rheometers
6.3.6 Other Rheometers
7 Viscometer Market, By Sample Type
7.1 Introduction
7.2 Resins & Coatings
7.3 Suspensions & Slurries
7.4 Pastes & Gels
7.5 Other Samples
8 Viscometer Market, By End User
8.1 Introduction
8.2 Petroleum Product Manufacturers and Petrochemical Refineries
8.3 Pharmaceutical, Cosmeceutical, and Biotechnology Companies
8.4 Chemical and Material Manufacturers
8.5 Food and Beverage Manufacturers
8.6 Research Laboratories and Academic Institutes
8.7 Other End Users
9 Viscometer Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
10 Competitive Landscape
10.1 Overview
10.2 Global Market Share Analysis (2017)
10.3 Global Competitive Scenario (2014-2018)
10.3.1 Key Product Launches and Enhancements (2014-2018)
10.3.2 Key Expansions (2014-2018)
10.3.3 Major Agreement (2014-2018)
10.3.4 Major Merger (2014-2018)
11 Company Profiles
11.1 Introduction
11.2 Anton Paar
11.3 Bartec Group
11.4 Brookfield Engineering Laboratories (A Subsidiary of Ametek Inc.)
11.5 Cannon Instrument Company
11.6 Dynisco
11.7 Emerson
11.8 GBC Scientific Equipment Pty Ltd
11.9 Goettfert
11.10 Hydramotion
11.11 Lamy Rheology Instruments
11.12 Petroleum Analyzer Company LP (PAC LP)
11.13 Shimadzu Corporation
11.14 Spectris
11.15 Thermo Fisher Scientific
11.16 Waters Corporation
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