This Viscometers market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Viscometers market.
Robust growth in the petroleum industry, rising food and beverages industry and adoption of new technologies in the healthcare industry with rising expenditure are some of the key factors driving demand in the viscometers market. Knowing viscosity is becoming important in the industrial sector with increasing use of liquid media. Rotational viscometers with an ability to measure Newtonian and non-newtonian fluids in a wide range of viscosity are used on a large scale in various industries. Increasing production of bakery products and chocolates are resulting in growing demand for viscometers across countries.
Viscosity is a key parameter in reservoir development, this is driving demand in the viscometers market, especially in heavy oil production and processing. Major oil companies are increasingly purchasing viscometers to monitor viscosity of diesel fuel blending. New viscometers systems are being developed to provide accurate and real-time viscosity reading to meet high quality standards and help refineries comply with the new US government regulations to provide low-sulfur diesel fuel. Moreover, stringent regulations and standard specification by governments in the pharmaceutical industry is influencing growth in the viscometers market.
However, the high cost of viscometers is one of the biggest challenges facing the viscometers market. Providing an affordable alternative to high priced viscometers is one of the key focus areas of manufacturers. This is also leading toward the development of low-cost and technically advanced viscometers.
Global Viscometers Market: Overview
Viscometers are used for measuring the drag caused by the relative motion between a surface and a fluid. They are also known as ‘viscosimeters’ as they are used for the measurement of the viscosity of fluids. These devices are available in different types as per the various flow conditions of fluids. Viscometers are used for measuring under one flow conditions only.
The rapid growth of the petrochemical and material processing industries since the past few years is resulting in an increase in the adoption of advanced technological solutions for efficient and more advanced methods, which include the usage of viscometers. The manufacturers of viscometers are constantly upgrading their products to improve functionality and offer industry-suitable products to their customers.
The demand for various devices from industries is changing rapidly since the past few years, which is fuelling the need to generate industry-specific products for satisfying the fluid property measurement requirements of different industries. Viscometers can be used for this purpose. This trend is also encouraging manufacturers to introduce modernised modifications in the appearance and functionalities of viscometers, which include touchscreen viscometers, digital viscometers and others. To be able to introduce the above-mentioned features, manufacturers are increasingly undertaking research & development initiatives.
Global Viscometers Market: Drivers and Restraints
One of the major factors fuelling the growth of the market is the increasing adoption of viscometers in the material processing industry as the viscosity of fluids is one of the crucial parameters for the determination of the property of the fluid material. Moreover, increase in government regulations for the healthcare and pharmaceutical industries for the delivery of products based on a standard specification is also another factor driving the viscometers market. Increase in the usage of viscometers in the petroleum industry and the food & beverages industry is also another important factor that is expected to fuel the growth of the market over the forecast period.
Healthcare organisations are facing significant challenges pertaining to the maintenance of the required fluid quality, and the need for laboratory equipment for the determination of the same for research and diagnostic purposes is boosting the adoption of viscometers. Considering the above-mentioned factors, the viscometers market is expected to witness significant growth over the forecast period. On the other hand, the high cost of viscometers is one of the major factors that are likely to restrain the growth of the market.
Segmentation Based on End-Use:
On the basis of end use, the viscometers market is segmented into petroleum, pharmaceutical, chemical & material processing, laboratory & research centre, food & beverages and others.
Segmentation Based on Equipment Type:
On the basis of equipment type, the viscometers market is segmented into rotational viscometers, capillary viscometers, process viscometers and others.
Segmentation Based on Region:
On the basis of region, the global viscometers market is segmented into North America, Latin America, Western Europe, Eastern Europe, South East Asia & Others of Asia Pacific, Japan, China and Middle East & Africa.
Global Viscometers Market: Key Players
Examples of some of the key players in the global market are Brookfield Engineering Laboratories, Cannon Instrument Company, Waters Corporation, Anton Paar and RheoSense. Manufacturers of viscometers are constantly focusing on improving their sales footprint to deliver viscometers to different locations through a network of online retailers as well as by expanding their geographical footprints.
Global Viscometers Market: Region-wise Outlook
The North America region is expected to hold a major market share, and this trend is expected to continue due to constant innovations in viscometers and the rapid adoption of advanced technological solutions to implement automation in various processes. The SEA and other regions of APAC is expected to grow at the highest CAGR due to the growth of the production and material processing industry in this region, which is boosting the adoption of these devices. China follows the SEA & others of APAC region due to an increase in the production of viscometers, which can be attributed to the high adoption of these devices by the food & beverages industry as well as research centres. On the other hand, the MEA region is expected to grow at a moderate CAGR due to the presence of a large petroleum, oil and gas industry, which has boosted the adoption of these devices in the region.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical/Actual Market Size, 2013-2017
- Market Size & Forecast, 2018 to 2028
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain of the Market
- Drivers and Restraints
Regional analysis includes:
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- South East Asia and Others of Asia Pacific
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Viscometers Market: Segmentation
The global viscometers market is segmented on the basis of end-use areas, equipment type and region.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market
Frequently Asked Questions
What research methodology is used to develop the Viscometers Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Viscometers Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Viscometers Market report?
In addition to up-to-date market figures and customized of the Viscometers Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.