The global tensiometer market size is projected to reach USD 151 million by 2024 from USD 103 million in 2019, at a CAGR of 7.9% during the forecast period. Key players are focusing on increasing their presence in this growing market through both organic as well as inorganic growth strategies, such as product launches, agreements, partnerships, collaborations, and expansions. Due to the intense competition in this market, various market players are increasingly focusing on expanding their geographic presence in high-growth emerging markets.
KRÜSS GmbH (Germany) was the leading player in the tensiometer market and accounted for the largest share in 2018. The company is a leading provider of innovative and advanced measuring instruments for surface and interfacial chemistry. The company has a robust portfolio of tensiometers for industrial quality assurance and scientific research applications. KRÜSS’s position in the market can be attributed to its strong distribution network and its subsidiaries across the globe, which enables it to serve customers in North America, Europe, and the Asia Pacific. To garner a large share of the tensiometer market, the company continuously focuses on organic and inorganic growth strategies. For instance, in June 2018, the company entered into a collaboration with LINSEIS Messgeräte GmbH (Germany). This collaboration enabled the provision of high-temperature contact angle measurement instruments and also strengthened KRÜSS’s offerings in the industrial and research field.
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DataPhysics Instruments GmbH (Germany) held the second-largest share of the global tensiometer market. Its position in the market can be attributed to its robust product portfolio and a strong network of partners across the world. To maintain its position in the market, the company focuses on expanding its product portfolio through strategies, such as product launches and expansions. For instance, in June 2018, the company established a new subsidiary —DataPhysics Instruments USA Corp., in order to strengthen its geographical footprint as well as to cater to the needs of its customers from the US and Canada.
Tensiometer Market by Product (Optical, Force, Volumetric, Bubble Pressure Tensiometer, Accessories), Industry (Chemical, Oil & Gas, Energy, Pharmaceutical, Medical Devices, Cosmetics, Research Laboratory), Region - Global Forecast to 2024
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