The global Viscometers Market size is expected to reach USD 1,087.57 million by 2028 at a CAGR of 4.3%, according to the latest report by Reports and Data. Steady market revenue growth is primarily attributed to technological advancements in Viscometers, rapidly surging demand among various end-use industries including pharmaceutical and biotechnology, cosmetics, and food beverage industries, and from petrochemical refineries, and chemical and material manufacturers, and due to wide usage of these devices in research and diagnostic laboratories.
Viscometers are devices extensively used by a number of end-use industries for measuring the viscosity and rheological properties of various fluid samples such as liquids, polymers, suspensions, glass formers including silicates, slurry flows, or bodily fluids such as blood. Viscometers, on the other hand, are devices that measure and analyze the viscosity of different types of fluids. Viscometers and rheometers are widely employed in the petrochemical and food beverage industries, as they measure the engine oil flow under different temperatures and determine the viscosity of food products such as honey, jams, and syrups. In addition, considerable investments in RD activities in food beverage, pharmaceutical, and cosmetics industries, rising focus on laboratory automation, and increasing demand for high-quality pharmaceutical and cosmeceutical products are other significant market growth-influencing factors. Stringent government norms regarding the quality check of food and drug products is a factor further expected to propel global market growth going ahead.
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Some Key Highlights from the Report:
- The viscometers segment is expected to remain the leading product type segment in terms of revenue share over the forecast period. Extensive use of viscometers across research and diagnostic laboratories and pharmaceutical and food beverage industries, increasing use of blood viscometers in cardiovascular disease diagnosis and treatment, and advantages of these devices such as faster processing time, higher accuracy and versatility, and ease of handling are key factors driving revenue growth of this segment.
- Petroleum product manufacturers petrochemical refineries segment is expected to lead in terms of revenue share among the other end-use segment over the forecast period. Rapidly growing petrochemical industry and rising demand for Viscometers for petroleum production processes are some factors projected to boost revenue share of this segment.
- The North America Viscometers market accounted of largest revenue share in 2020, and is expected to maintain its dominance over other regional markets over the forecast period. Expanding pharmaceutical, cosmetics, food beverage, and petrochemical industries and rising applications of Viscometers in research and diagnostic procedures are some key factors driving market growth.
Competitive Outlook of the Global Viscometers Market
The globla Viscometers market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Viscometers market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Thermo Fisher Scientific, Brookfield Engineering Laboratories, Anton Paar, Lamy Rheology Instruments, Cannon Instrument Company, Waters Corporation, Bartec Group, Shimadzu Corporation, Emerson, GBC Scientific Equipment Pty Ltd., Goettfert, Petroleum Analyzer Company LP (PAC LP), Spectris, Dynisco, and Hydramotion.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Viscometers Market Segmentation:
By Product Type (Revenue, USD Million; 2018-2028)
- Rheometers
- Dynamic Rotational Rheometers
- Torque Rotational Rheometers
- High-throughput Rheometers
- Oscillatory Rheometers
- Capillary Rheometers
- Others
- Viscometers
- Rotational Viscometers
- Capillary Viscometers
- Process Viscometers
- Others
By Sample Type (Revenue, USD Million; 2018-2028)
- Suspensions Slurries
- Resins Coatings
- Pastes Gels
- Others
By End-user (Revenue, USD Million; 2018-2028)
- Pharmaceutical, Biotechnology, and Cosmeceutical Companies
- Research Laboratories and Academic Institutes
- Petroleum Product Manufacturers Petrochemical Refineries
- Chemical and Material Manufacturers
- Food and Beverage Manufacturers
- Paints Coatings Manufacturers
- Others
Geographic Segment Covered in the Report:
The Viscometers report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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