Flashpoint analyzer market is likely to record a promising CAGR of 1.5% during the forecast period.
| Flashpoint Analyzer Market CAGR | 1.5% |
| Flashpoint Analyzer Market (2020) | US$ 100 Mna |
| Flashpoint Analyzer Market (2027) | US$ 110 Mn |
Flashpoint analyzer is used as an instrument that is mainly used for frequently measuring flashpoints in petroleum products. The Flashpoint of a volatile material is the lowest temperature at which vapors of the material will ignite when given an ignition source.
It processes by heating the sample and applying the test spark to different liquids, and transfers the safe storage temperature for petroleum products.
Standard testing of petroleum products is another driving factor for the flashpoint analyzer market as it drives the sales of flashpoint analyzers because of its features; sulfur samples, color graphics screen, remote diagnostics, inbuilt inspection facility, and high-temperature range. This again drives the demand for flashpoint analyzers.
Also, the increasing demand for flashpoint analyzers is driven by various end users such as petroleum distributors, producers for safe storage, and refiners. Adopting the new testing guidelines like ASTM D56, ASTM D93/IP 34, ASTM 86, ASTM 2700, and ASTM D613 makes the analyzers more reliable and updated. This helps the market to push sales of flashpoint analyzers.
Several flashpoint analyzer manufacturers have produced innovative flashpoint analyzers in recent years. Flashpoint manufacturers design and manufacture flashpoint analyzers as per the industry requirement.
Technological advancements such as Peltier Protection Technology, Ignition Protection Technology, and precise combustion analysis is accelerating the sales of flashpoint analyzer globally. Increasing use of advanced flashpoint analyzers to determine the flashpoint of biodiesel, flavors in food testing, and paints in material testing are also fueling the demand for flashpoint analyzers in the market.
On the other hand, high prices associated with the advanced flashpoint analyzer are one of the restraints that are hindering the sales of flashpoint analyzer. Limited oil production in a few regions affects the demand for the flashpoint analyzer considerably.
On the basis of geography, technological advancement in the petroleum industry, especially in the flashpoint analyzer market in the North American region, boosts the flashpoint analyzer market significantly.
The high adoption rate of advanced flashpoint analyzers in this region is accelerating the flashpoint analyzer market share. Countries such as Russia, the U.K., and Norway are leading oil producers in the European region. Increasing demand for flashpoint analyzers in this region for safe oil transportation and storage is one of the crucial factors that help to grow the flashpoint analyzers market.
Furthermore, the adequate presence of key manufacturers in this region is boosting the flashpoint analyzer market share. Moreover, the flashpoint analyzer market in the APEJ region is expected to witness a high growth rate during the forecast period due to the rapid growth in the automotive and transportation sector.
On the other hand, Middle East & Africa also anticipated capturing the notable market share of the flashpoint analyzer in terms of value due to the continuous oil production in this region, especially countries like Iraq and Saudi Arabia are some of the leading oil producer countries across the globe.
The key players of the flashpoint analyzer market are focusing on the improvement of technology, bringing in innovative ideas, and easing the process, storage, transportation for the end user. This is driving the sales of flashpoint analyzer.
Key players in the flashpoint analyzer market are AMETEK Inc, BARTEC, Icon Scientific limited, Elico Marketing Pvt Ltd, Optimus Instruments, Mediora Europe OU, Eralytics & MRC group, and Hindustan Apparatus.
Recent Market Development:
- AMETEK Grabner instrument has introduced the new MINIFLASH FP Vision that is going to enhance the operational capability. This will drive the sales of flashpoint analyzer.
- Eralytics ltd. has expanded its series of flashpoint analyzer by adding a new autosampler in order to get the unattended flash point measurement.
| Report Attribute | Details |
| CAGR | 1.5% from 2022-2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | End use, Technology, Region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | AMTEK Inc, BARTEC, Icon Scientific Limited, Mediora Europe OU, Eralytics & MRC group and Hindustan Apparatus Mfg. Co |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Automatic flashpoint analyzer is the biggest segment in the flashpoint analyzer market and is expected to hold a big portion of the market in the forecast period. This leads to the high demand for flashpoint analyzers.
Key competitors holding substantial flashpoint analyzer market share include AMETEK Inc, BARTEC, Icon Scientific limited, Elico Marketing Pvt Ltd, Optimus Instruments, Mediora Europe OU, Eralytics & MRC group and Hindustan Apparatus.
Demand for flashpoint analyzer is likely to rise because of its increased use in the petroleum industry. These drivers are going to increase the sales of flashpoint analyzer.
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Flashpoint Analyzer Market
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