Global Flash Point Tester demand is anticipated to be valued at US$ 101.7 Million in 2022, forecast to grow at a CAGR of 2.08% to be valued at US$ 125 Million from 2022 to 2032. The growth of flash point testers can be attributed to advancement in technologies in end user industries.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 99.67 Million |
| Expected Market Value (2022) | US$ 101.7 Million |
| Anticipated Forecast Value (2032) | US$ 125 Million |
| Projected Growth Rate (2022-2032) | 2.08% CAGR |
The lowest temperature at which the vapors of volatile material ignites when provided with ignition source is known as a flash point. Flash point is one of the important characteristics of chemicals and petrochemical products. Flash point is often used for distinguishing flammable chemicals and fuels which have close boiling points.
On the basis of flash point, the fuel or chemical is categorized as flammable or inflammable. Flash point tester is a type of equipment which is used for the determination of a flash point of a sample of a chemical, fuel or petrochemical product.
Generally, there are two main types of flash point testers: open cup flash point testers and close cup flash point testers. Flash point tester is used for testing the lowest limit of flammability of the chemical or fuel. Open cup flash point tester is used for simulation in natural and open environment and closed cup flash point testers are used for laboratory testing purposes.
Flash point testers have found their applications in a variety of industries such as food, chemical, pharmaceutical, petrochemical, fuel and others. Flash point tester is a piece of essential equipment for testing and maintaining the quality of the product.
Flash point tester is also used for environmental analysis during the waste removal process. The flash point tester operates according to various methods. Abel Flash Point test, Cleveland Flash Point test, Pensky-Martens Flash point test and Tag Flash Point test are important methods on the basis of which flash point tester operates.
Growing chemical and petrochemical industry will be the main factors responsible for driving the growth of flash point tester market. Increasing focus towards research & development and advancement of technologies has forced the chemical and petrochemical companies to strengthen their quality control & quality assurance department, owing to which there is rising demand for testing equipment which is an optimistic sign for the flash point tester market.
Increasing focus towards styling and grooming among the young population is increasing the consumption of cosmetics. The growth of cosmetic industry is fuelling the growth of flash point tester market. Growing pharmaceutical industry due to rising health awareness is positively impacting the growth of the flash point tester market.
Up-surge in the consumption of fuel and lubricants is driving the demand for flash point testers. Continuous innovation and modification is a positive sign for the flash point tester market. Development of the substitutes for the petrochemical products and shifting trend towards the use of renewable fuel may hinder the market growth for flash point tester.
Governmental authorities of various regions are focusing on reducing carbon emissions on a large scale. Thus, manufacturers are redeveloping their existing units to suit to the sustainable style of production. This has led to a slow growth and adoption of flash point testers across the globe.
In the regions such as Asia Pacific there is high presence of the chemical, pharmaceutical, cosmetic and petrochemical industry, owing to which Asia Pacific is estimated to be promising market for flash point testers. Countries like India and China are contributing towards the growth of flash point testers in the region. Thus, Asia Pacific is expected to register a CAGR of 8% in the forecast period.
Some of the market participants operating in the global flash point tester market are Anton Paar GmbH, Intertek Group plc, Labequip Ltd., Parker Hannifin Manufacturing Ltd, Paul N. Gardner Company, Inc., Ducom Instruments, Cole-Parmer Instrument Company, LLC, Rigana Manufacturing and Hoskin Scientific among others.
| Report Attribute | Details |
| Growth Rate | CAGR of 2.08% from 2022 to 2032 |
| Market Value in 2022 | US$ 101.7 Million |
| Market Value in 2032 | US$ 125 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
FMI projects the global flash point tester market to expand at a 2.08% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic flash point tester market, expanding at 8% CAGR
Anton Paar GmbH, Intertek Group plc, Labequip Ltd., Parker Hannifin Manufacturing Ltd, Paul N. Gardner Company, Inc., Ducom Instruments, Cole-Parmer Instrument Company, LLC, Rigana Manufacturing and Hoskin Scientific are some prominent flash point tester manufacturers
Explore Similar Insights
Flash Point Tester Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
