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)
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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