Inline Viscosity Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Albany, NY -- (SBWIRE) -- 05/20/2019 -- According to a new research report pertaining to the inline viscosity sensors market, published by Transparency Market Research , the global inline viscosity sensors market is expected to reach value of US$ 243.0 Mn by 2027, expanding at a CAGR of 5.3% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, North America would continue to lead the global market, with the market in the region expanding at a CAGR of 5.6% from 2019 to 2027. China, India, Japan, and South Korea are anticipated to be major contributors to the inline viscosity sensors market in Asia Pacific during the forecast period.
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In the chemical industry, viscosity measurement of chemical products is required for quality control in production lines. For chemical fluids, obtaining the appropriate viscosity is required so as to deliver desired end-product quality; optimize material use; and maintain smooth running of equipment. Moreover, in different types of chemical applications such as ink, paint, and glue, viscometers are used to detect changes in color, density, stability, and molecular weight. This factor is driving the global inline viscosity sensors market.
In view of advantages offered by viscometers in various applications in the chemical industry, the demand for viscosity sensors is anticipated to increase significantly during the forecast period. Across the globe, manufacturers of inline viscosity sensors are increasing their investments in the inline viscosity sensors market in order to meet the increasing demand from various industry verticals such as oil & gas, chemical, biotechnology, food & beverages, and automotive.
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The global inline viscosity sensors market has been broadly segmented in terms of type, application, and geography. Based on type, the global market has been segmented into sphere, cylinder, and rod. In terms of revenue, the cylinder segment accounted for a major market share of more than 35% in 2018. The segment is anticipated to expand at a CAGR of 5.8% during the forecast period. In order to fulfill the global demand, manufacturers of inline viscosity sensors are focusing on research and development activities on a regular basis in order to invent advanced applications of inline viscosity sensors. Inline viscosity sensors are used in different types of viscosity measurement applications. Capacity expansion by refining industries led by rising energy needs and regulatory norms imposed on emissions in the oil & gas industry are key factors expected to drive the global demand for inline process viscometers. This, in turn, is likely to fuel the demand for inline viscosity sensors during the forecast period.