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Polymer Testing Equipment Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate

Analysts at Future Market Insights find that the global Polymer Testing Equipment market has been evolving at a CAGR of xx% during the historic period 2014-2018. The market study suggests that the global market size of Polymer Testing Equipment is projected to reach ~US$ xx Mn/Bn by the end of 2027 with a CAGR of xx% over the stipulated timeframe 2019-2027.

The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the  Polymer Testing Equipment market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.

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The polymer testing equipment market is driven by the rapid growth in operations of research laboratories. The capillary rheometer and the melt flow meter currently constitute the most attractive types of polymer testing equipment that play an essential role in the field of research laboratories.

A capillary rheometer is an instrument designed to determine the viscosity of polymer, rate of deformation, and other rheological properties of polymers or composites such as plastics and fibres. Melt flow meters are used for the testing of the Melt Flow Resistance (MFR) of a wide range of polymer materials. GÖTTFERT Werkstoff Prüfmaschinen GmbH, a Germany-based manufacturer of polymer testing equipment, recently launched Melt Index Tester MI-ROBO with force-controlled compression of the test material, as well as the expression of the residual material at the end of a measurement.

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According to FMI’s analysis, Illinois Tool Works Inc. (the US), A&D Company, Limited (Japan), and Qualitest International Inc. (the US) are among the key manufacturers of polymer testing equipment. Besides innovations, polymer testing equipment market players are concentrating on stronger customer relationships and improved distribution network, according to FMI’s analysis of the global polymer testing equipment market.

Several key companies are also identified to focus on manufacturing capacity expansion to cater to steadily increasing demand for polymer testing equipment. While strategic collaborations, acquisitions, and mergers are likely to facilitate expansion strategies of such players, the report indicates that they will aid companies in enhancing their regional footprint within untapped geographies such as APAC and Latin America. The US-based Thermo Fisher Scientific recently announced the launch of a new business center and bio repository in Frederick, Md., which is expected to help the company meet the global demand for testing equipment and medical diagnosis.

Some of the key vendors that have been profiled in the polymer testing equipment market report include Aimil Ltd., Agilent Technologies, Inc., GÖTTFERT Werkstoff Prüfmaschinen GmbH, Thermo Fisher Scientific, Dynisco, AMETEK Inc., Hildebrand Prüf- und Meßtechnik GmbH, INNOVATEST, HexaPlast India, International Equipments, Advance Equipments, Edutek Instrumentation, Asian Test Equipments, Malvern Panalytical Ltd., Ray-Ran Test Equipment Ltd., and Testing Machines Inc..

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What does the  Polymer Testing Equipment market research holds for the readers?

  • One by one company profile of key vendors.
  • Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global  Polymer Testing Equipment market.
  • Evaluation of supply-demand ratio in every end use industry.
  • Regional analysis on the basis of market share, growth outlook, and key countries.
  • Positive and negative aspects associated with the consumption of Polymer Testing Equipment.

The  Polymer Testing Equipment market research clears away the following queries:

  1. What is the present and future outlook of the global Polymer Testing Equipment market on the basis of region?
  2. What tactics are the Polymer Testing Equipment market vendors implementing to give tough competition to their business counterparts?
  3. What are the macro- and microeconomic factors affecting the global Polymer Testing Equipment market?
  4. Which end use segment is spectated to lead by the end of 2029?
  5. Why region has the highest consumption of Polymer Testing Equipment?

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Last Updated: 01-May-2020