The global micro carbon residue tester market is estimated at USD 4.25 billion in 2022, with an expected CAGR of 6.8%, reaching USD 8.20 billion by 2032. This growth is driven by the rising need for fuel quality testing and increasing infrastructure development worldwide, leading to higher demand for petroleum products.
Micro carbon residue testers are essential laboratory tools used to measure carbon residue left after the evaporation of petroleum products under specific conditions. The growing focus on evaluating road surfaces according to regulatory standards and analyzing petroleum materials during construction is fueling demand. Additionally, the oil, gas, and refinery sectors rely on these testers to safely measure petroleum properties, contributing to the market’s expansion. The need to assess the coke-forming tendency of petroleum substances and monitor asphalt performance at high temperatures are key factors accelerating the adoption of micro carbon residue testers.
High Adoption of Micro Carbon Residue Tester for Fuel Testing
The increasing demand for micro carbon residue tester for fuel quality testing is the primary factor driving the growth of micro carbon residue tester market. Moreover, the continuous innovation in the construction material testing equipment coupled with the increasing demand for advanced micro carbon residue tester to automatically control the temperature, flow, and pressure values are some of the major factors driving the growth of micro carbon residue tester market.
Furthermore, the continuous growth in oil & gas and petroleum industries is creating potential growth opportunities for micro carbon residue tester market.
Apart from this, increasing demand for petroleum products such as lubricating oils, fuel oil, base oil, and crude oil is boosting the growth of micro carbon residue tester market. In addition, the growing research and development expenditure by various emerging economies is supporting the growth of micro carbon residue tester market.
Usage of Micro Carbon Residue Tester to be Compliant to ASTM D4530
Micro carbon Residue Testers are essential for the identification of coke forming tendencies of fuels under certain conditions. ASTM (American Society for Testing and Materials) is an international standard organization that develops technical standards for varied range of materials and services.
ASTM D4530 is a standard test method which is used for determination of Carbon residue and is used for various petroleum products
Key Companies Profiled
- Koehler Instruments Company
- Parkes Scientific
- Tanaka
- Cannon Instrument Company
- John Morris Scientific
- Hoskin Scientific
- DKSH
- Pentas Flora
- Zutek
- Stanhope-Seta
- Exacta+Optech Labcenter SpA
Key Segments Profiled in the Micro Carbon Residue Tester Industry Survey
Micro Carbon Residue Tester Market by Product Type :
- Micro Carbon Residue Tester by Equipment Type
- Micro Carbon Residue Tester by Kits & Accessories
Micro Carbon Residue Tester Market by Industry :
- Micro Carbon Residue Tester in Refinery
- Micro Carbon Residue Tester in Oil &Gas
- Micro Carbon Residue Tester in Petroleum
- Micro Carbon Residue Tester in Chemical & petrochemical
- Micro Carbon Residue Tester in Automotive
- Micro Carbon Residue Tester in Others
Micro Carbon Residue Tester Market by Region :
- North America Micro Carbon Residue Tester Market
- Latin America Micro Carbon Residue Tester Market
- Europe Micro Carbon Residue Tester Market
- Asia Pacific Micro Carbon Residue Tester Market
- Middle East and Africa Micro Carbon Residue Tester Market
Report Preview: https://www.futuremarketinsights.com/reports/micro-carbon-residue-tester-market
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