Global In-line Process Viscometer (ILPV) Market is Expected to Cross USD 144.6 Million in 2018: Transparency Market Research
Albany NY (PRWEB) December 07, 2012
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.
Related Report: http://www.transparencymarketresearch.com/tpu-market.html
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.