Albany, NY -- (SBWIRE) -- 09/11/2014 -- Transparency Market Research, in its latest research report states, the global in-line process viscometer (ILPV) market will grow significantly in the coming years. This market was valued at $91.2 million in 2010, and is expected to reach a figure of $144.6 million by 2018, at a CAGR of 6.3% from 2013 to 2018. The report “In-Line Process Viscometer (ILPV) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast, 2010 – 2018” is available for sale on the company’s website.

The global market for chemicals and petroleum are the two main factors driving the market for in-line process viscometers. The end users of ILPV market include sectors such as wire and cables, chemicals, pharmaceuticals, inks and paints, adhesives, construction, and lubricants. In terms of volume, it is the petrochemicals market that is primarily leading to the use of ILPV in industries such as coatings, lubricants, and paints. ILPVs are crucial to these industries for measuring viscosity of these materials. However, the global in-line process viscometer (ILPV) market is likely to generate its revenue from food and beverage and pharmaceutical industries at a CAGR of 6.5% in the coming five years. In terms of revenue generated from application, petroleum industry dominates the ILPV market. The revenue of this sector is expected to grow at a CAGR of 6.3% from 2013 to 2018. Despite such strong market drivers, the market does face a few challenges such as cut-throat competition and fluctuating prices.

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In terms of revenue, Asia Pacific leads the global in-line process viscometer (ILPV) market growing at a compound annual growth rate of 6.6% from 2013 to 2018. Markets in North America and Europe are growing at a slower pace, but will continue to remain steady in the coming years. China and India are proving to be lucrative markets, which will keep Asia Pacific ahead of everyone else. Markets in Rest of the World, Middle East and North Africa are also showing signs of growth. The Middle-Eastern and North African regions are expected to a CAGR of 7.1% from 2013 to 2018.

The report on global in-line process viscometer (ILPV) market is aimed at providing its readers a comprehensive overview of the market events so far and those to come in the near future. It also includes company profiles of key players in the market such as SOFRASER, Brookfield Engineering Laboratories Inc., proRheo GmbH, LAMY RHEOLOGY, and others. These reports state the financial overview of the companies, their strategies in the years to come, and their forecasted revenues.

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