Global Inline Process Refractometers market will reach 112.40 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/5

In recent years, the global inline process refractometers market has been witnessing substantial growth. A refractometer is an instrument, which is used to measure the refractive index of materials. Continuous advancement in technologies and rapid infrastructural advancements are propelling the growth of the market over the forecast period. Refractometers are usually used for measuring the substances present in sugar and salt.  Therefore, increasing consciousness towards consumption of same has led to a growth of the market.

In addition, factors such as innovative technologies results in automatic measures for analyzing refractometry, growing interest of investors, and favorable funding by the government are responsible for the growth opportunities in the market. Moreover, the rising trend of automation is aiding the market growth in the near future.

However, a lack of adoption of refractometers among manufacturers due to adjustment concerns is expected to limit the growth of the market over the forecast period.

According to the report the global inline process refractometers market is expected to grow to US$112.40 mn by 2025 from US$73.13 mn in the year 2018. The market will register at a robust CAGR of 6.33% throughout the forecast period.

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