Rheometers And Viscometers Market Segmentation by Type, Application, Regions, Key News and Top Companies Profiles by 2028
iCrowd Newswire
08 Jul 2021, 09:24 GMT+10
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
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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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