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Market for Analytical Instruments in the Chemical and Petrochemical Industries, Forecast to 2026
Shutdown of Refineries and the Abandonment of New Projects due to the COVID-19 Pandemic has Resulted in a Sharp Decline in Market Revenue
15-Sep-2020
Global
Market Research
The analytical instrumentation for the chemicals and petrochemicals market includes companies that use analyzers and other tools for:
• Producing and processing of base chemicals, intermediate chemicals, and fine chemicals;
• Refining and producing petroleum-based chemical products (such as petroleum jelly, motor oil, diesel, lubricants, and kerosene) and
consumer products as well as specialty end products.
The scope of the study also includes fuel and plastic fabrication industries.
Some primary applications in this market include (and are not limited to) polymer recycling, analysis of trace elements in fertilizers, characterization of perfume fragrances, analysis of common preservatives in cosmetic products, and corrosion mitigation of plant to prevent downtime.
Below are some of the findings which were made about the market during the study:
• The production of shale gas has positively impacted the production of petrochemicals, as it relies on affordable fuel, such as shale gas, rather
than other limited fuels.
• North America will experience stable growth in both the chemical and petrochemical industries in the coming years.
• While the Middle East and China are expected to flourish in the chemical segment, developing regions such as Brazil and South Africa will
witness a setback in the chemical segment.
• China’s chemical market has been contributing to half of the growth of the global chemicals market since the 2000s. The increase in economic
turbulence can be related to both China’s economic slowdown and the impact of the trade relations between the United States and China.
• Both aliphatic and aromatic hydrocarbons, which are significant types of hydrocarbons, are expected to grow in demand, as they can be found
in everyday products.
• The shift in demand from laboratory to process industry will be favorable to the chemical and petrochemical industries.
• Safety and emission monitoring analyzers will witness strong demand in the coming years.
Key Issues Addressed
- Is the market growing? How long will it continue to grow, and at what rate?
- When will the global economy recover after COVID-19? Which sectors will be impacted the most?
- What kind of analytical instrumentation will be in high demand?
- What are the key customer requirements being addressed?
- What are the different scenarios that the market might face after the impact of COVID-19?
- Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?
Key Findings
Market Engineering Measurements
CEO’s Perspective
Market Definitions
Market Definitions (continued)
Key Questions this Study will Answer
Market Segmentation
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Pricing Trends Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Vertical Market
Market Share
Market Share Analysis
Market Share Analysis (Continued)
Competitive Environment
Competitive Factors and Assessment
SWOT Analysis
Product Analysis
Product Analysis (continued)
Product Analysis (continued)
Growth Opportunity 1—Growth of Chemical and Petrochemical Industry in the United States
Growth Opportunity 2—Emission Monitoring Application
Strategic Imperatives for Success and Growth
Chemical Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Product Subsegment
Revenue Forecast by Product Subsegment
Revenue Forecast by Product Subsegment (continued)
Revenue Forecast Discussion by Product Subsegment
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Petrochemical Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Product Subsegment
Revenue Forecast by Product Subsegment
Revenue Forecast by Product Subsegment (continued)
Revenue Forecast Discussion by Product Subsegment
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Additional Sources of Information on Study Topic
List of Companies in “Others”
Partial List of Companies Interviewed
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
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Key Issues Addressed
- Is the market growing? How long will it continue to grow, and at what rate?
- When will the global economy recover after COVID-19? Which sectors will be impacted the most?
- What kind of analytical instrumentation will be in high demand?
- What are the key customer requirements being addressed?
- What are the different scenarios that the market might face after the impact of COVID-19?
- Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Janani Balasundar |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K45D-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9ACC-A5 |