Bulkchemicals Market Reports In Line Process Viscometer (ILPV) Market
Hexa Research
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In Line Process Viscometer (ILPV) Market Share, Size, Analysis,
Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research
The global in line process viscometer (ILPV) market would expand at about 6.5 percent
CAGR during 2016 to 2024 (forecast period). It is likely to grow to USD 210.5 million by
2024. Escalating refining capacity worldwide owing to energy demand is the key market
driver. ILPV offers real-time monitoring that assists manufacturers to check the quality of
products. It also helps them meet regulatory policies.
Expansion across the food & beverages industry and rising medical expenses in developing
regions like China, India, & Brazil should have a positive impact on the ma rket. Demand for
ILPVs from consumer industries such as chemicals, pharmaceuticals, & petroleum may also
propel the market. Additionally, accuracy & reliability of ILPVs bode well for the market
and push its sales.
However, these viscometers cannot measure multidirectional flow. This coupled with the
ongoing price competition is predicted to hamper the progress of market players. Precise
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