Market for Analytical Instruments in the Chemical and Petrochemical Industries, Forecast to 2026

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

RELEASE DATE
15-Sep-2020
REGION
Global
Deliverable Type
Market Research
Research Code: K45D-01-00-00-00
SKU: TM00643-GL-MT_24716
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Description

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?

Table of Contents

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)

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. • Chinas 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 Chinas 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.--BEGIN PROMO--

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?
More Information
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