Rheometer and Viscometer Market Growth Opportunities and Challenges 2024

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Description

According to the report published by Zion Market Research, the global Rheometer & Viscometer Market size was valued at USD 866.84 Million in 2023 and is predicted to reach USD 1,249.74 Million by the end of 2032. The market is expected to grow with a CAGR of 4.09% during the forecast period.

Fluid viscosity is measured with the aid of viscometers. However, the viscosity of a given flow can only be measured using viscometers. A specific type of viscometer called a rheometer is used to test fluids that need additional properties beyond what can be determined by a single measurement. Shear is one of the specific forces related to flowing materials that the rheometer can measure. The fluid is substantially thicker than the stuff that is flowing. It can, however, also gauge liquid flow at various pressures. Rheometers are used for assessing the viscoelastic and flow characteristics of liquids. They can also be used to apply oscillatory motions to spindles. Liquid viscosity can be measured with a rheometer between 0.01 and >1000 Pa.s. Rheometers find application in a diverse range of industries, such as chemical production, food and beverage production, petrochemical production, research labs, and cosmetics.

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Significant market growth drivers are the rapid advancement of technology and the increasing R&D expenditures of rheometer and viscometer manufacturers for various end-use industries. The rise of the petrochemical and material production sectors, together with growing government rules for product safety compliance in the pharmaceutical, cosmetic, and biotechnology industries, all contribute to the increase. The growing public-private investments supporting product innovation and the rise of target diseases also contribute to some of the market growth. The lack of skilled workers to operate these systems and the high installation costs of rheometers and viscometers, however, may prevent the worldwide rheometer and viscometer market from growing.

Competitive Environment
 Spectris (UK), Anton Paar (Austria), Brookfield Engineering Laboratories (US), Waters Corporation (US), and Cannon Instrument Company.
Market division:

According to Product (Oscillatory, Capillary Rheometer, Process, Capillary Viscometer, Dynamic & Torque Rotation).
Within the product type category, viscometers and rheometers are subcategories. It is expected that the product category of the viscometer would hold a dominant market share. The market sector is further classified as follows: capillary viscometers, process viscometers, rotating viscometers, and other viscometers (dynamic viscometers). Viscometers are becoming more and more common among pharma researchers, petro-refinery companies, and laboratory workers due to the procedural advantages they offer. These advantages include the ability to analyze samples in a variety of situations, high accuracy, versatility in assessing various samples, simplicity of handling, quick processing time, and device portability. Over the course of the projection period, it is anticipated that this acceptance will spur segment expansion. Over the course of the projected period, the rheometer industry is expected to develop at the greatest CAGR. The market is further segmented into capillary rheometers, oscillatory rheometers, high-throughput rheometers, rheometers for dynamic rotation, rotational rheometers for torque, and other rheometers. Wall slip, heat stability, and extensional viscosity are all measured with a capillary rheometer. Given the variety of uses for capillary rheology, it is projected that sales of capillary rheometers will rise faster between 2021 and 2031.
By Sample (Coating, Suspension, Resin).
The rheometer and viscometer market is separated into segments based on the kind of sample: resins and coatings, pastes and gels, suspensions and slurries, and other samples. It is projected that the resins & coatings segment will generate the majority of revenue between 2021 and 2026. Primary drivers of the rapid rise include petrochemical refinery producers' usage of rheometers and viscometers in their creation of coatings, binders, paints, solvents, and additives.
by final consumers (chemical, petroleum, pharmaceutical, and academic).
The end-user category consists of the manufacturing of food and beverages, research labs, academic institutions, oil, product, and petrochemical refineries, as well as the pharmaceutical, cosmetics, and biotechnology industries. Product manufacturers, petroleum, and petrochemical refineries are expected to dominate the market in terms of revenue. It can be linked to the major producers' increased capacity for production and output after the COVID-19 epidemic.
By Area
The world's market for rheometers and viscometers can be categorized into the following regions: Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of Middle East & Africa), Central & South America (Brazil, Argentina, and Rest of Central and South America), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), and North America (the United States, Canada, and Mexico).
North America (the US, Canada, and Mexico) will lead the market between 2023 and 2034. The US rheometer & viscometer market has the largest share in the globe because major viscometer players operate there and because there are more medical diagnostic procedures performed. In addition, some of the factors driving the market's rise over the projection period include the country's rheometer and viscometer markets' continued technological advancements, growing healthcare infrastructure, and developing government regulatory frameworks. Moreover, the Asia Pacific area would witness the greatest CAGR for the market. Growing packaged food consumption, an increase in the frequency of foodborne illnesses, and rising R&D costs for healthcare infrastructure are all expected to have an effect on the growth of the rheometer and viscometer markets in the Asia-Pacific area.

Recent Development:

  • In March 2021, The OPTIMUS 2 detector head is made available by Bruker Corporation as a new "Augmented On-Axis Transmission Kikuchi Diffraction (TKD)" option for electron backscatter diffraction (EBSD). The variety of EBSD applications is increased, and the spatial resolution is enhanced when analysing nanomaterials and nanostructures in a scanning electron microscope, thanks to a full set of new hardware and software (SEM).
  • In June 2020, Research scientists working across a wide range of end markets, such as biomedical, biopharmaceutical, and food research, now have more experimental freedom to investigate the subtleties of peptides, proteins, and protein complexes thanks to alters Corporation's recent launch of a new fragmentation technique and an imaging option for its high-resolution mass spectrometers.

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The project report on rheometer & viscometer covers the following aspects:

⏩ Go-to-market Strategy.

⏩ Neutral perspective on the market performance.

⏩ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.

⏩ Customized regional/country reports as per request and country level analysis.

⏩ Potential & niche segments and regions exhibiting promising growth covered.

⏩ Analysis of market Size (historical and forecast), Total Addressable market (TAM), Serviceable Available market (SAM), Serviceable Obtainable market (SOM) market Growth, Technological Trends, market Share, market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Report Includes Following Questions [FAQ]

  • What is the anticipated growth rate of the global rheometer & viscometer Market in the forecast period?
  • Which regional segment is estimated to account for a massive share of the global rheometer & viscometer Market?
  • What are the primary driving factors of the global rheometer & viscometer Market?
  • What are the vital challenges faced by the prominent players in the global rheometer & viscometer Market?
  • Which current trends are likely to offer promising growth prospects in the next few years?
  • How is the competitive landscape of the global rheometer & viscometer Market at present?
  • What are the key driving factors of the global rheometer & viscometer Market?
  • Which latest trends are anticipated to offer potential growth prospected in the coming years?

 

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