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The Global Rheometer & Viscometer Market is estimated to be USD 802 Mn in 2020 and is expected to reach USD 966.5 Mn by 2025, growing at a CAGR of 3.8%.
Major factors that drive the market growth are rapid technological advancements and increasing R&D investments by manufacturers in rheometer & viscometer for various end-use industries. Expansion of petrochemical and material manufacturing industries and growing stringency of the government regulatory framework for product safety compliance in pharmaceutical industries, cosmeceutical, and biotechnological companies also help in promoting the growth. Besides, the rising public-private investments to support product innovation and increasing the number of target diseases helps in boosting the market growth to a certain extent. Furthermore, high usage of viscometers in chemical, petroleum, oil, and gas industries and the availability of innovative and affordab
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Global Industrial Density and Viscosity Measurement Products Market to Reach $2 Billion by 2027
Amid the COVID-19 crisis, the global market for Industrial Density and Viscosity Measurement Products estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027.
Chemical & Petrochemical, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$720.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food & Beverage Industry segment is readjusted to a revised 4.5% CAGR for the next 7-year period.