In Line Process Viscometer (ILPV) Market Size

In Line Process Viscometer Market Size

In Line Process Viscometer (ILPV) Market size is calculated to grow from over USD 133 million in 2015, with gains projected at 6.5% CAGR up to 2023.

Refining industries capacity expansion owing to rising energy needs accompanied by regulatory emissions norms in oil & gas industry are expected key factors to drive global in line process viscometer market demand.
 

Asia Pacific rotational viscometers market size is forecast to grow at over 6.7% CAGR and reach close to USD 11 million valuation. Large population size coupled with increase in petroleum products demand has encouraged more refineries set up which may stimulate in line process viscometer market growth.
 

Growing competition in oil & gas industry has encouraged companies to reorganize the procedure parameters in refining, which may boost ILPV market size. ILPV provides continuous and accurate real-time measurements of the refined products while the course is still ongoing, which is among the key trend to boost demand.
 

These devices are easy to install into existing course of action. Single or multiple units can be used in a course to keep viscosity track on a regular basis without the need for delay which results in reducing operational cost. This significant feature has lead to global in line process viscometer market size growth.
 

Refineries producing adhesives, oils & lubricants, and other such fluid-based segments are implementing automation for manufacturing procedures which may fuel in line process viscometer demand. These devices are developed to provide continuous measurement and could automatically adjust course conditions to maintain balance.
 

Numerous industry players and cut-throat competition may hinder in line process viscometer market price trend. Inability to perform under reversible flow and multi-channel flow system refineries and adhesive mixing equipment may adversely affect market growth.
 

ILPV is also used in food & beverages and pharmaceutical industry to measure viscosity. Pharmaceutical industry growth in countries such as India and China along with increase in high viscosity liquids use in ophthalmic solutions should probably increase ILPV demand in pharmaceutical applications.