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Europe Rubber Testing Equipment Market is expected to reach a CAGR of 4.7% by 2029, Key Drivers, Types, Segment, Size, Share, Growth, Challenges and Opportunities Analysis – Tri County Leader

Europe Rubber Testing Equipment Market is expected to reach a CAGR of 4.7% by 2029, Key Drivers, Types, Segment, Size, Share, Growth, Challenges and Opportunities Analysis – Tri County Leader
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Worldwide Rheometer & Viscometer Industry to 2025 - Expansion of Petrochemical and Material Manufacturing Industries is Driving Growth

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The Global Rheometer & Viscometer Market is estimated to be USD 802 Mn in 2020 and is expected to reach USD 966.5 Mn by 2025, growing at a CAGR of 3.8%.
Major factors that drive the market growth are rapid technological advancements and increasing R&D investments by manufacturers in rheometer & viscometer for various end-use industries. Expansion of petrochemical and material manufacturing industries and growing stringency of the government regulatory framework for product safety compliance in pharmaceutical industries, cosmeceutical, and biotechnological companies also help in promoting the growth. Besides, the rising public-private investments to support product innovation and increasing the number of target diseases helps in boosting the market growth to a certain extent. Furthermore, high usage of viscometers in chemical, petroleum, oil, and gas industries and the availability of innovati ....

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