An Incisive, In-depth Analysis on the Polymer Testing Equipment Market
This study offers a comprehensive, 360 degree analysis on the Polymer Testing Equipment market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Polymer Testing Equipment market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Increasing Applicability to Remain Key Demand Determinant for Polymer Testing Equipment
Polymer testing equipment is expected to register a healthy CAGR over the coming years, according to a new research study of Future Market Insights. While increasing adoption of polymer-based materials across manufacturing industry and production facilities will remain a strong demand determinant for polymer testing equipment, the report underscores the role of ever-widening applicability of polymer testing equipment in pushing demand growth for polymer testing equipment in the global market.
The applicability of polymer testing equipment traverses a diverse range that includes automotive, aerospace & defense, packaging, construction, and biomedical research laboratories among others. Some of the most commonplace applications of polymers include toothbrush grips and automotive components, which will continue to generate demand for functionality-specific polymers and polymer-based materials, thereby contributing to demand growth of polymer testing equipment.
Regulatory Standards Highlight Significance of Polymer Material Testing
Research suggests that polymers, especially elastomers, are rapidly gaining traction as sealers in the oil and gas industry. Moreover, manufacturers of elastomers and a few other specialty polymers are also capitalizing on a host of innovation opportunities in wetsuits. With the widening application range of polymers and polymer-based materials, successful and effective testing has also become imperative. Regulatory standards such as ISO 37 and ASTM D412 will continue to strongly back the increasing need for testing quality, characterization, and functionality of polymer materials. This according to the report is significantly responsible for pushing the revenue growth of polymer testing equipment market.
Growing Need for Polymer Safety Fueling Demand for Polymer Testing Equipment in Medical & Healthcare Industries
The application of polymers for medical devices and implants such as pacemakers, neurostimulators, and orthopaedic joints has created the need for the extensive testing of polymers with the help of polymer testing equipment to ensure their stable and long life in the host environment. Polymer testing equipment for healthcare settings is designed to satisfy the specific requirements of engineered polymers. These factors are expected to boost the demand for polymer testing equipment in the medical industry.
“Economic Range” Likely to Trend Polymeric Testing Equipment Market
Towering government spending on the estimation of the precise polymer composition used for different applications is boosting the polymer testing equipment market. Polymer testing equipment also plays a vital role in the manufacturing of specialty polymers such as fibers, colorants, plasticizers, fillers, and flame retardants, which is cited as another strong factor contributing to the growth of the polymer testing equipment market. While polymers continue to reflect strong adoption potential in daily use products as well as high-tech commodities, it prompts at the need for focusing on mass production of polymers, which will in turn boost the performance of polymer testing equipment market.
Leading manufacturers are also augmenting investments in R&D, in collaboration with CMOs (contract manufacturing organizations). Application engineers are more likely to prefer brands that offer polymer testing equipment with specific testing capabilities that cater to a desirable level of analysis. In line with escalating adoption by SMEs in end-use industries that are typically constrained by budgetary limitations, companies competing in the polymer testing equipment landscape are focusing on increasing introduction of economically priced polymer testing equipment.
Some of the key players in the polymer testing equipment market are also investing efforts in product improvement, particularly focusing on parameters such as torque and temperature range. R&D initiatives in the field of composite testing are encouraging the manufacturing of improved versions of polymer testing equipment, facilitating elimination of existing errors. Some other prominent characteristics that polymer testing equipment vendors are focusing on include the level of accuracy and precision.
For example, Malvern Panalytical Ltd., a UK-based manufacturer of polymer testing equipment, launched a rheometer for complex fluids characterisation with a torque range of 5.0Nm to 225Nm and a frequency range of 6.28µrads-1 to 942rads-1 for the testing of polymers.
North America to Capture Significant Market Share, as the Number of Research Laboratories Is Constantly Increasing
North America is expected to capture a significant share in the global polymer testing equipment market during the forecast period. Extensive growth in the medical, aerospace, and defense sectors is expected to boost the demand for polymer testing equipment. Moreover, the increasing spending on aerospace & defense initiatives as well as the medical sector by several countries in various regions, such as the US and Canada, is expected to efficiently drive the polymer testing equipment market in North America. Europe holds the second-largest share of the market due to the increasing government spending on laboratories and research & development initiatives.
Polymer Testing Equipment Market - Report Synopsis
Future Market Insights (FMI) offers an 8-year forecast for the Polymer testing equipment market between 2019 and 2027. In terms of value, the Polymer testing equipment market is expected to register a single-digit CAGR during the forecast period. The study provides the global market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the Polymer testing equipment market over the forecast period.
Polymer Testing Equipment Market - Report Description
This research report provides a detailed analysis of the Polymer testing equipment market and offers insights about the various factors driving the popularity of Polymer testing equipment’s. The Polymer testing equipment market report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The Polymer testing equipment market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The Polymer testing equipment market report includes the market segmentation on the basis of the product type, test type, end use, and region.
The Polymer testing equipment market is expected to witness significant value and volume growth during the forecast period owing to the high demand for the research laboratories and textile industries in various countries around the world.
The global Polymer testing equipment market report starts with an overview of the Polymer testing equipment market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the Polymer testing equipment market.
On the basis of product type, the Polymer testing equipment market has been segmented into universal testing machine, capillary rheometer, pendulum tester, and melt flow tester. On the basis of test type, the Polymer testing equipment market has been segmented into mechanical, physical, thermal, rheological, and optical test. On the basis of end use, the Polymer testing equipment market has been segmented into research laboratories, packaging, textile, construction, and aerospace & defence.
A detailed analysis has been provided for every segment in terms of the market size analysis of the Polymer testing equipment market across different regions. This section provides a detailed analysis that covers the key trends prevalent in the global Polymer testing equipment market.
The next section of the global Polymer testing equipment market report covers a detailed analysis of the Polymer testing equipment market across various countries in the region. It provides an outlook for the Polymer testing equipment market for 2019–2027, and sets the forecast within the context of the Polymer testing equipment market. This study discusses the key trends within countries contributing to the growth of the Polymer testing equipment market as well as analyses the degrees at which the drivers are influencing the Polymer testing equipment market in each region.
The key regions and countries assessed in the Polymer testing equipment market report include North America (the U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Italy, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Thailand, Australia & the rest of APEJ) and MEA (GCC Countries, Turkey, South Africa & the rest of MEA). This report evaluates the present scenario and the growth prospects of the Polymer testing equipment market across various regions globally for the period 2019 –2027. We have considered 2018 as the base year, and provided data for the remaining 12 months.
To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the Polymer testing equipment market is expected to grow in the future. Given the characteristics of the global Polymer testing equipment market, we have triangulated the outcomes of different types of analysis based on the technology trends.
As previously highlighted, the global Polymer testing equipment market has been split into a number of segments. All segments on the basis of the product type, test type, end use, and region have been analysed in terms of basis points to understand the relative contributions of each individual segment to the growth of the Polymer testing equipment market. This detailed information is important for the identification of various key trends in the global Polymer testing equipment market.
In addition, another key feature of the global Polymer testing equipment market report includes the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market, however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global Polymer testing equipment market.
In the final section of the global Polymer testing equipment market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the Polymer testing equipment market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment of the Polymer testing equipment supply chain and the potential players for the same.
The report audience can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the Polymer testing equipment market. . Some of the prominent key vendors of the polymer testing equipment’s are Illinois Tool Works Inc., A&D Company Limited, Qualitest International Inc., Aimil Ltd., GÖTTFERT Werkstoff Prüfmaschinen GmbH, Dynisco, Agilent Technologies, Inc., AMETEK Inc., Thermo Fisher Scientific, INNOVATEST, Hildebrand Prüf- und Meßtechnik GmbH, International Equipments., HexaPlast India, Advance Equipments., Asian Test Equipments., Edutek Instrumentation., Ray-Ran Test Equipment Ltd, Malvern Panalytical Ltd, Testing Machines Inc., and others.