Gloss Meters Market

Gloss Meters Market Overview

The global gloss meters market is estimated to create an absolute dollar opportunity of more than US$ 70 Mn by the end of 2032. The sales of gloss meters are expected to exceed US$ 50 Mn by 2022, accelerating at a healthy CAGR of nearly 4% to 5% during the forecast period 2022-2032. Growing application across the stone sector for measuring the surface luster of granites, marbles, tiles, and ceramics among others is propelling the demand for gloss meters in the global market.

Report Attribute	Details
Gloss Meters Market Base Year Value (2021)	US$ 48 Million
Gloss Meters Market Expected Value (2022)	US$ 50 Million
Gloss Meters Market Anticipated Value (2032)	US$ 70 Million
Gloss Meters Market Projected Growth Rate (2022-2032)	4% to 5% CAGR

Gloss meters are devices particularly used to measure the specular reflection gloss, percentage reflectance, and haze of the product or material surface. Surface gloss is measured by projecting a specific amount of light onto the product surface with a fixed angle and evaluating the amount of light reflected at an opposite angle in the same line.

Demand for gloss meters is rapidly increasing across various industries such as paints, construction, automotive, and other related sectors. These devices are increasingly being used to measure the optical parameters of opaque glasses, paints, cloths, ceramics, pigments, coatings, and others.

Gloss meters can also be used on treated, smooth, as well as untreated surfaces such as laminates, wood, stones, and others. Attributed to this, these instruments are finding a wide range of applications for measuring specular gloss and percentage reflectance of metals, wood coating, stones, and glass chemicals. This is projected to drive the growth in the global gloss meters market.

Which are Some Prominent Drivers Spearheading Gloss Meters Market Growth?

In the past couple of years, a swift rise in building and construction activities is being witnessed, especially across developing economies, driven by growing penetration of the urbanization trend. Also, growing environmental concerns and need for the development of sustainable infrastructure are encouraging governments in several countries to emphasize on undertaking favorable construction initiatives.

For instance, as per a report by the India Brand Equity Foundation, the Government of India has announced sanctioning nearly US$ 868 million for the construction of 100 smart cities under the Smart Cities Mission to strengthen the sustainable infrastructure across the country in 2021. As gloss meters are extensively used in measuring optical parameters of granites, tiles, glass, floor laminations, paints, and wood coating, during the building & construction activities, such rise in initiatives and developments are estimated to bolster the sales in the market.

In addition to this, growing emphasis on the development of new digital gloss meters with integrated internet of things (IoT) technologies and features such as LCD display, USB interface, Bluetooth, and ergonomic designs are expected to create lucrative growth opportunities in the market.

What are the Challenges Faced by the Gloss Meters Market?

Despite several advantages associated with the use of gloss meters, high cost of these devices and requirement for skilled personnel for operating and measuring surfaces gloss, reflectance, haze, and others is hindering the sales in the global market.

Why is North America Emerging as an Opportunistic Gloss Meters Market?

Future Market Insights reveals that North America is estimated to emerge as the most lucrative market for gloss meters between 2022 and 2032.

With growing disposable income and increasing customer preference for comfort traveling, production and sales of automotive vehicles have registered a significant rise across the countries such as the U.S. and Canada, resulting in fueling the demand for assistive equipments.

For instance, according to a study by the Bureau of Transportation Statistics, nearly 1.92 Mn passenger cars were manufactured and around 2.56 Mn of these automobiles were reported to be sold across the U.S. in the year 2020. Gloss meters are used in a wide range of applications during the process of making the interiors of the vehicles such as attractive dashboards, mirror finish, internal wood finish, and others.

Hence, accelerating sales of automotive vehicles such as passenger cars, luxury cars, yachts, and sports cars among others are projected to propel the demand for gloss meters in the North America market.

How is Asia Pacific Excluding Japan Contributing to the Growth of the Gloss Meters Market?

As per FMI, Asia Pacific excluding Japan is anticipated to account for a significant share in the global gloss meters market during the forecast period 2022-2032.

In the furniture sector, the measurement of surface gloss or brightness of different laminations, paints, and coatings is of acute importance as a small deviation in the gloss level of furniture items can result in a reduction of customer wiliness to purchase the products. Hence, rapidly expanding furniture industry and growing adoption of wooden products such as tables, cabinets, and others has led to a significant rise in demand for gloss meters.

Thus, leading players in the market are aiming at launching novel products with innovative technologies and features. For instance, in 2018, 3nh, a Chinese manufacturer of precision instruments for measurement announced launching three new gloss meters – YG268 triple angle gloss meter, YG60 high accuracy gloss meter, and YG60S economic gloss meter. A multiplicity of such new products launches are estimated to facilitate the sales of gloss meters in the Asia Pacific excluding Japan market.

Market Competition

Some of the leading players in the gloss meters market are SAMA Tools, PHYNIX GmbH & Co KG, HORIBA, Ltd., Elcometer Limited, Erichsen GmbH & Co. KG, ElektroPhysik, Rhopoint Instruments, PCE Deutschland GmbH, Konica Minolta Business Solutions U.S.A., Panomex Inc., TQC SHEEN B.V., and others.

Prominent players in the global gloss meters market are aiming at introducing novel products to gain edge in the highly competitive market.

Scope of Report

Report Attribute	Details
Growth Rate	CAGR of 4% to 5% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type Configuration End Use Region
Countries Covered	North America Latin America Europe CIS & Russia APEJ Japan Middle East and Africa
Key Companies Profiled	SAMA Tools PHYNIX GmbH & Co KG HORIBA, Ltd. Elcometer Limited Erichsen GmbH & Co. KG ElektroPhysik, Rhopoint Instruments PCE Deutschland GmbH Konica Minolta Business Solutions U.S.A. Panomex Inc. TQC SHEEN B.V.
Customization	Available Upon Request

Key Segments Profiled in the Gloss Meters Market Survey

By Product Type:

• Single Angle Gloss Meter
• Two Angle Gloss Meter
• Triple Angle Gloss Meter

By Configuration:

• Fixed
• Portable

By End Use:

• Automotive Industry
• Construction Industry
• Paint Industry
• Others

By Region:

• North America
• Latin America
• Europe
• CIS & Russia
• APEJ
• Japan
• Middle East and Africa