Revenue generated in the testing and certification agency segment of the rheometers market increased at a robust 11.5% year over year in 2021. As per Future Market Insights (FMI), demand in the Industrial segment increased by 8.6% between 2020 and 2021, facilitating the combined Rheometer markets year-over-year growth at 9.3% in 2021.
As per Future Market Insights (FMI) analysis, the Rheometers Market is projected to be valued at ~US$ 887.6 Mn in 2021, expanding at a CAGR of ~12.0% over the forecast period of 2021-2031. The ongoing crisis caused by COVID-19 pandemic has caused severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. Subsequently it has affected the Rheometers Market causing a significant drop in the market growth.
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A recent market study published by FMI on the Rheometers Market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Rheometers Market, the growth prospects of the market are obtained with maximum precision.
The growth of Rheometers Market is driven by increasing demand from various end use industries such as polymer & rubber, pharmaceutical, food & beverages, building & construction material, petrochemical industries and others. Rheometer adoption is increasing across the food industry. In food industries, versatile models and extremely precise rheometers are now becoming common to increase the efficiency of production line.
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Rheometers Market by Category
By Equipment Type:
- Capillary Rheometers
- Oscillatory Rheometers
- Rotational Rheometers
By Sales Channel:
- Offline
- Online
By End User:
- Industrial
- Pharmaceutical
- Industrial Oils and Lubricants
- Paints & Coating
- Food & Beverages
- Petrochemicals
- Cosmetics
- Polymers & Rubber
- Others (Research & Academician and Building & Construction Materials)
- Testing & certification Agencies
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Key Questions Answered in Report
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Which Is the Highest Grossing Regional Market Identified for Rheometers?
North America is expected to dominate, accounting for 30%of the Rheometers Market in 2021.
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Which Industry Segment Is Touted As The Leading End User Of Rheometers?
Polymer & rubber and petrochemical industries are expected to dominate the market over the forecast period, collectively generating revenue of US$ 549 Mn by 2031.
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Which is the Top-selling Equipment type in the Rheometers Market?
Capillary Rheometers will remain top-selling product in the market, accounting for over 34.6% of revenue generated throughout the forecast period.
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Which are some of the Leading Companies Offering Rheometers?
Some of the leading companies in the rheometers market are Thermo Fisher Scientific, TA Instruments, Anton Paar GmbH, A&D Company and others. As per FMI, over 35% of the market share is currently covered by the top 10 players.
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What is the Demand Outlook for Rheometers Market?
The demand for rheometers is expected increase at 12% CAGR between 2021 and 2031.
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At What Rate Did Rheometers Sales Increase in the Last 5 Years?
The demand for rheometers increased at 3.8% CAGR between 2016 and 2020
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What is the Outlook for Rheometers Sales in North America?
The sales of rheometers will increase at 11% CAGR in North America between 2021 and 2031.
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What is Demand Outlook for Rheometers in Europe?
The demand for rheometers will increase at 11.9% CAGR in Europe through the assessment period of the report.
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Who are the Key Exporters of Rheometers?
The U.S., Japan, and Germany are the key producers and exporters of rheometers.
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What is Japan and South Korea’s Contribution towards the Global Rheometers Market?
As per FMI, Japan and South Korea will account for 6% of global rheometers sales in 2021.