Refractometers Market By Product Type (Handheld Refractometers, Digital Refractometers, Abbe Refractometers), Substance Used (Solid, Liquid, Gas), End Use (Food Processing, Gemmology, Research Centres, Oil Industry, Paint, Pharmaceuticals, Educational Research) & Region - Forecast to 2018-2027
Refractometers Market - Analysis, Outlook, Growth, Trends, Forecasts
- December 2018
- 120 pages
- Testing Equipment
Refractometers are instruments which are used to measure the angle of refraction, which is the degree to which light changes its direction. They help in the measuring of the concentration of aqueous solutions. Refractometers can also measure the concentration of solid substances in different fluids or water. In addition, refractors can determine the speed of refracted light when it passes through a fluid sample and can analyse or report it using various scales.
With the help of these values, refractometers help determine the concentration of different solutions as each solution can a have different refractive index depending upon its concentration in water.
Digital refractometers are expected to drive the growth of the market during the forecast period
In the refractometers market, most of the well-established and growing vendors are offering refractometers of various types in terms of accuracy and sizes with advanced features.
In this report, FMI has segmented the global refractometers market by product type, by substance used, by end user and by region. By product type, the refractometers market is sub-segmented into handheld refractometers, digital refractometers and abbe refractometers. The digital refractometers sub-segment is surging the growth of the global refractometers market owing to a quantitative increase in the demand for these products in various industries.
The demand for advanced refractometers has been observed to have increased rapidly. Owing to these factors, the abbe refractometers sub-segment is projected to register moderate growth and hold a market share of more than 88% of the global market at the end of 2027.
The liquid substance segment is expected to dominate the market over the projected period
Based on the substance used for measurement, the refractometers market is sub-segmented into solid, liquid and gas. Refractometers are becoming more popular among several industries because of the increasing importance of monitoring the quality of water and food. Due to these factors, the liquid sub-segment is projected to create an incremental opportunity of 390.8 Mn between 2018 and 2027. In addition, in terms of volume, the liquid substance sub-segment is also expected to register a CAGR of more than 9.7% during the forecast period.
Moreover, the abbe refractometers sub-segment is estimated to create potential revenue opportunities for the vendors of refractometers in the near future due to the increasing number of laboratories across the globe.
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The food processing end user segment is currently dominating the global market with the highest value share
By end-user, the global refractometers market is segmented into food processing, gemology, research centers, oil industry, paint, pharmaceuticals and educational research. Growth in the number of healthcare initiatives in BRICS countries is expected to boost the market throughout the forecast period. The food processing sub-segment of the global refractometers market is projected to register a market share of more than 26.3% at the end of 2018. In addition, the food and beverages industry is witnessing advanced innovations and technological developments.
Due to these factors, the food processing sub-segment is supporting the growth of global refractometers market. Moreover, growth in the number of healthcare initiatives in BRICS countries, coupled with rising population, is expected to remain among the key factors that are expected to fuel the growth of the market throughout the forecast period.
This report also includes the trends driving all the segments of the market, and offers insights & analysis regarding the potential growth opportunities that the market is likely to witness in different regions across the world, which include Latin America (Brazil, Mexico & the rest of Latin America), North America (U.S. & Canada), Europe (Germany, Italy, France, Spain, U.K. & the rest of Europe), Japan, APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ) and MEA (GCC Countries, South Africa, Israel & the rest of MEA).
On the basis of geography, the North America market is expected to dominate the global refractometersmarket due to the presence of a large number of manufacturers of refractometers in the region. Furthermore, the APEJ region is expected to exhibit the highest growth rate during the forecast period in the global market owing to an increase in the number of advanced laboratories in the region.
Owing to constant innovations and increasing research activities in laboratories, the revenue contribution of the APEJ market is estimated to increase at a CAGR of 10.2% during the forecast period due to an expected increase in the adoption of refractometers in this region.
According to FMI analysis, strategies such as improvements in durability, product innovations as well as others are expected to help increase revenue, which is likely to enable the vendors of refractometers to reach new growth markets. In addition, Mettler-Toledo International Inc., which is one of the prominent vendors of refractometers, is offering refractometers for different application areas such as experimental and industrial purposes. As per FMI analysis, Mettler-Toledo International Inc. is upgrading its existing products to boost its customer base by improving the experience of its customers.
Some of the market participants featured in the global refractometers market report are Thermo Fisher ScientificAMETEK;Shimadzu Corporation; Anton Paar GmbH;Cole-Parmer Instrument Company, LLC; KRüSS Optronic GmbH; Hanna Equipments India Pvt. Ltd.; ATAGO; Rudolph Research Analytical; MISCO Refractometer and Xylem Analytics.
By Product Type
- Handheld Refractometers
- Digital Refractometers
- Abbe Refractometers
By Substance Used
- Food Processing
- Research Centres
- Oil Industry
- Educational Research
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Rest of APEJ
- GCC Countries
- South Africa
- Rest of MEA