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.
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) consumer products as well as specialty end products.
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 Topics Covered:
Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective
Market Overview
Market Definitions
Key Questions this Study will Answer
Market Segmentation
Drivers and Restraints
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Forecasts and Trends
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 and Competitive Analysis
Market Share
Market Share Analysis
Competitive Environment
Competitive Factors and Assessment
SWOT Analysis
Product Analysis
Growth Opportunities and Companies to Action
Growth Opportunity 1 - Growth of Chemical and Petrochemical Industry in the United States
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