Increasing investments in research & development and increasing usage of rheometer in modern industrial applications across the globe are key factors driving the Rheometers Market.
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.
However, Rheometers Market is expected to recover sharply as the economic activities resume post the containment of pandemic.
Key Takeaways of Rheometers Market Study
- 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.
- North America will continue leading the global rheometers market. Despite dominance of offline sales in the region, demand via online channels is expected to increase at a higher pace.
- FMI also has forecast the U.S. to account for half of sales of rheometers, while Canada to hold command over other half in 2021.
- Within Europe, Germany will remain the strongest market for sales and will register increasing demand for rheometers through the course of the assessment period.
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“From industrial manufacturing sector to institutional laboratories and testing agencies, the application of Rheometers is accelerating in response to increasing investment in process optimization and quality control management related to new product development,” says a lead analyst at Future Market Insights.
During the forecast period, Rheometers Market is expected to be a burgeoning market owing to increasing demand from various industrial sectors as well as increasing investments in research & development for product advancement.
Furthermore, end-use industries such as chemicals, personal care products, and food and beverages who incorporate rheology modifiers in their product formulation will specifically exhibit high demand.
Manufacturers are keenly focusing on research & development to offer innovative products with higher durability and consistency. These factors are expected to positively influence the growth in demand for Rheometer during the forecast period.
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The Rheometers Market is moderately consolidated, in which the leading players account for more than two fifth of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are AMETEK.Inc., TA Instruments, Anton Paar GmbH, A&D Company, Instron, Goettfert GmbH, Fann Instrument, Freeman Technology, Brabender GmbH, Cannon Instrument Company, Lamy Rheology Instruments, Dynisco LLC, Shanghai Nirun Intelligent Technology Co., Ltd among others. These players have higher shares in the global market, and have longstanding relationships with a number of distributors and institutions, giving them an upper hand among their peers.
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The research report analyzes the market demand trends of Rheometer. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Rheometer. As per Future Market Insights research scope, the Rheometers Market has been studied and segmented on the basis of Equipment type, Sales Channel, End User and Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
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