In-line Process Viscometer Market Size, Share & Trends Analysis Report By Technology, By Application, By Region (North America, Europe, Asia Pacific, Middle East & Africa, RoW), And Segment Forecasts, 2015 - 2020

Industry Insights

The viscometer is an instrument used for measuring viscosity in fluids either when the fluid is stagnant, or the entity is stagnant. In-line process viscometers are widely used across various end-use industries such as petroleum, pharmaceuticals, foods, and beverages, and chemicals.

The rapid increase in refining capacities on account growing energy needs are expected to drive the global demand for ILPV. The use of in-line process viscometers helps in stabilizing the refining process; it is reliable and accurate during its performance.

Asia-Pacific is the largest market in 2013 for ILPV globally due to the presence of a large base of crude oil refinery and chemical plants in the region. This factor has majorly driven the market in the region and it is expected to further enhance growth in the region in the future.

It takes approximately 4-12 hours to identify and rectify a problem arising due to the viscosity of a particular fuel. This can lead to damage costing around USD 1.5 million which can be reduced or minimized using ILPV. Besides, the cost of setting up an in-line process viscometer is only one-fourth to that of the cost incurred during breakdown maintenance.

Accurate control of fuel viscosity is considered to be a crucial component in the automotive industry, and in-line process viscometer controls fuel atomization, beneficial for efficient combustion, and hence is gaining acceptance in the automotive industry across the globe. It has real-time monitoring which helps the producers to keep a watch on product quality and meet the regulatory standards simultaneously.

Product innovations and technological up-gradation for various applications in refineries and other niche applications have helped to consistently improve the quality of production, profitability, and productivity. However, lack of ability to measure multidirectional flow coupled with the repeated price wars is expected to remain key challenges for market participants.

The growth of the global food & beverage industry coupled with increasing healthcare expenditure particularly in emerging markets of Asia and Latin America is expected to fuel the demand for ILPV. The growing importance of considering parameters for controlling process and asphalt mixing is expected to provide novel opportunities to market participants.

Technology Insights

Key technologies based on which the global ILPV market is segmented include rotational, torsional oscillation vibration, moving the piston, Coriolis, dynamic fluid pressure, and acoustic wave.

Vibration dominated the overall market and accounted for 22.3% of total market revenue in 2013. The acoustic wave is expected to be the fastest-growing technology at an estimated CAGR of 7.3% from 2012 to 2020.

Vibration-based viscometers have had the highest demand due to their ease of incorporation into various industrial fluid processes. This aids to ensure the highest quality, accuracy, and reliability over larger periods.

Application Insights

Petroleum emerged as the leading application segment for ILPV and accounted for 40% of total market revenue in 2013. Foods and beverages are expected to be the fastest-growing segment at an estimated CAGR of 6.7% from 2014 to 2020. The growth of the food and beverage industry particularly in BRICS nations is expected to fuel the demand for ILPV in this industry.

The chemical market is estimated to grow at a CAGR of 6.4% from 2014 to 2020. High revenue chemical industries such as lubricants and oils, adhesives, paints and coatings, inks, etc. are striving for automation of their manufacturing processes. This will result in a growing demand for ILPV in the chemical segment.

Regional Insights

Asia Pacific dominated the global ILPV market and accounted for 30.1% of total market revenue in 2013. The Asia Pacific along with being the largest market is also expected to be the fastest-growing regional market for ILPV at an estimated CAGR of 7% from 2014 to 2020.

Growing energy demand coupled with the growth of the chemical industry particularly in emerging markets of China and India is expected to fuel the demand for ILPV in this region. The Asia Pacific was followed by North America and Europe which are expected to grow at a steady rate over the next several years.

The Middle East and North Africa are estimated to grow at the second-fastest rate due to the presence of more than 90 crude oil refineries which is the major driving force behind the growing demand for ILPV. Moreover, this region also accommodates the presence of huge chemical industries which would add up to the demand further in the future.

In-Line Process Viscometer  Market Share Insights

The global ILPV market is highly fragmented as the top four companies including Brookfield Engineering Laboratories Inc., Anton Paar, proRheo GmbH and Cambridge Viscosity accounted for less than 30% of the global market in 2013.

Other key players operating in the global market include Lamy Rheology, Brabender Gmbh & Co. Kg, Hydromotion, Marimex America Llc., Nanometre (Galvanic Inc.), Vaf Instruments, Fuji Ultrasonic Engineering, Sofraser, Micro Motion (Emerson Process Management), Mat Mess- & Analysetechnik, Norcross, Endress+Hauser Consult AG, Lemis Baltic, Orb Instruments, Inc., Bartec, Atac, and Vectron International, Inc.

Vendors in the market are launching new and innovative products to cater to the demand of various end-user in the market. For instance, proRheo GmbH developed a new viscosity measuring instrument proRheo123 for measuring viscosity with VT02-measuring systems. This instrument can cater to all the necessities of the end-users for accurate measurements.

Report Scope

Segments Covered in the report

This report forecasts revenue and volume growth at global & regional levels and provides an analysis of the industry trends in each of the sub-segments from 2012 to 2020. For this study, Grand View Research has segmented the global ILPV market based on technology, application, and region.

• Technology Outlook (Revenue, USD Million; 2012 - 2020)

  • Rotational

  • Torsional Oscillation

  • Vibration

  • Moving Piston

  • Coriolis

  • Dynamic Fluid

  • Acoustic Wave (Solid State)

  • Others

• Application Outlook (Revenue, USD Million; 2012 - 2020)

  • Petroleum

  • Chemical

  • Pharmaceutical

  • Food and Beverages

  • Others

• Regional Outlook (Revenue, USD Million; 2012 - 2020)

  • North America

  • Europe

  • Asia Pacific

  • The Middle East and North Africa

  • Rest of the World