Global In-line Process Viscometer Market (ILPV) is Expected to Cross USD 144.6 Million in 2018: Transparency Market Research
According to a new market report published by Transparency Market Research "In-line Process Viscometer (ILPV) Market- Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," the global In-line Process Viscometer (ILPV) demand was estimated to be worth USD 91.2 million in 2010 and is expected to reach USD 144.6 million in 2018, growing at a CAGR of over 6.3% from 2013 to 2018. Asia Pacificdominates the global market in terms of demand and is expected to be the most promising market in the near future.
The global market for in-line process viscometers is mainly driven by the growth in the global petroleum and chemicals market. However, volatility in prices and high competition among market players is restraining the market.
The ILPV market by application in terms of revenue is dominated by the petroleum industry. The petroleum ILPV market by revenue is expected to grow at a CAGR of 6.3% from 2013 to 2018. Following petroleum, the markets for chemicals and pharmaceuticals as well as food and beverages are also witnessing significant growth.
With respect to end use, ILPV is widely used in petroleum, chemicals, pharmaceuticals and the food & beverage sectors. The petroleum sector occupies the largest market share in the ILPV market and the growth is primarily driven by the expansion of the global petroleum refineries market where ILPV are used to regulate viscosity of products such as lubricants, paints and coatings and others. In terms of revenue the market for pharmaceuticals and food and beverage industries is expected to grow at a CAGR of 6.5% from 2013 to 2018.
Asia Pacific is the market leader for ILPV, set to grow at a CAGR of 6.6% from 2013 to 2018 in terms of revenue. Europe and North America although occupying a smaller market share are growing steadily and growth is expected to be robust in the markets of Asia Pacific, Europe and North America. In Asia Pacific, China and India are the most attractive markets and are expected to keep the region in the forefront in the ILPV market. The markets of RoW and MENA also show huge signs of growth. MENA is the fastest growing market and is expected to grow with a CAGR of 7.1% from 2013 to 2018.
Some of the key players of the market are Brookfield Engineering Laboratories Inc., LAMY RHEOLOGY, proRheo GmbH, SOFRASER, and others.This research is specially designed to estimate and analyze the demand and performance of ILPV in a global scenario.
The research provides in-depth analysis of ILPV manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments of the ILPV market and provides detailed analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the ILPV market as below:
- Global viscometer market, by type
- Global process viscometer market, by type
- In Line
- On Line
- On Reactor
- In Lab
- Global ILPV market, by technology
- Torsional oscillation
- Moving piston
- Dynamic Fluid Pressure
- Acoustic Wave (solid-state)
- Global ILPV market, by application
- Food and beverage
In addition the report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:North AmericaEuropeAsia PacificMiddle East and North Africa (MENA)Rest of the World (RoW)
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