Global In-line Process Viscometer (ILPV) Market Is Expected To Cross USD 144.6 Million In 2018: Transparency Market Research

ALBANY, New York, December 5, 2012 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) " In-line Process Viscometer (ILPV) Market- Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," the global In-line Process Viscometer (ILPV) demand was estimated to be worth USD 91.2 million in 2010 and is expected to reach USD 144.6 million in 2018, growing at a CAGR of over 6.3% from 2013 to 2018. Asia Pacific dominates the global market in terms of demand and is expected to be the most promising market in the near future.

Browse the full report at  http://www.transparencymarketresearch.com/in-line-process-viscometer-market.html

The global market for in-line process viscometers is mainly driven by the growth in the global petroleum and chemicals market. However, volatility in prices and high competition among market players is restraining the market.

The ILPV market by application in terms of revenue is dominated by the petroleum industry. The petroleum ILPV market by revenue is expected to grow at a CAGR of 6.3% from 2013 to 2018. Following petroleum, the markets for chemicals and pharmaceuticals as well as food and beverages are also witnessing significant growth.

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With respect to end use, ILPV is widely used in petroleum, chemicals, pharmaceuticals and the food & beverage sectors. The petroleum sector occupies the largest market share in the ILPV market and the growth is primarily driven by the expansion of the global petroleum refineries market where ILPV are used to regulate viscosity of products such as lubricants, paints and coatings and others. In terms of revenue the market for pharmaceuticals and food and beverage industries is expected to grow at a CAGR of 6.5% from 2013 to 2018.

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