Increasing use of rheometers and viscometers in research and diagnostic laboratories and expanding chemical and petrochemical industries is boosting market growth
Market Size – USD 791.62 million in 2020, Market Growth – at a CAGR of 4.3%, Market Trends – Rising adoption of automated laboratory systems
The Global Rheometers And Viscometers Market size is expected to reach USD 1,087.57 million by 2028 at a CAGR of 4.3%, according to the latest report by Reports and Data. Steady market revenue growth is primarily attributed to technological advancements in rheometers and viscometers, rapidly surging demand among various end-use industries including pharmaceutical and biotechnology, cosmetics, and food & beverage industries, and from petrochemical refineries, and chemical and material manufacturers, and due to wide usage of these devices in research and diagnostic laboratories.
Rheometers and viscometers are devices extensively used by a number of end-use industries for measuring the viscosity and rheological properties of various fluid samples such as liquids, polymers, suspensions, glass formers including silicates, slurry flows, or bodily fluids such as blood. Viscometers, on the other hand, are devices that measure and analyze the viscosity of different types of fluids.
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Viscometers and rheometers are widely employed in the petrochemical and food & beverage industries, as they measure the engine oil flow under different temperatures and determine the viscosity of food products such as honey, jams, and syrups. In addition, considerable investments in R&D activities in food & beverage, pharmaceutical, and cosmetics industries, rising focus on laboratory automation, and increasing demand for high-quality pharmaceutical and cosmeceutical products are other significant market growth-influencing factors. Stringent government norms regarding the quality check of food and drug products is a factor further expected to propel global market growth going ahead.
Some Key Highlights from the Report:
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For the purpose of this report, the global rheometers and viscometers market has been segmented based on product type, sample type, end-use, and region:
By Product Type (Revenue, USD Million; 2018-2028)
By Sample Type (Revenue, USD Million; 2018-2028)
By End-user (Revenue, USD Million; 2018-2028)
By Region (Revenue, USD Million; 2018-2028)
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