The global market for glass reactor is anticipated to grow at a CAGR of 5.6% over the forecast period 2021-2031, registering sales of 400 thousand units. Despite the challenges posed by COVID-19 outbreak, the market registered 4.6% year-on-year growth in 2021.
The need for glass reactors is increasing due to the expansion of the chemical and industrial industries. Glass reactor sales will surge, especially among pharmaceutical companies as they try to integrate cutting-edge medical technologies. In turn, this will increase market investment opportunities.
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Glass reactors with capacities of 30 to 60 litres are becoming more popular as affordable solutions in a variety of sectors. Corresponding to this, there is a steady rise in demand for single-jacketed glass reactors. Growing applications in the chemical and pharmaceutical industries can be blamed for this. According to FMI, single jacketed glass reactors will hold a market share of more than 70% in 2021.
Manufacturers are eager to implement decarbonization technologies, therefore the market will see rising investment in research and development activities in the upcoming years. As a result, several of the top players are jumping on board and concentrating on bringing improvements to their product lines.
In addition to this, there is a growing demand for pilot plants, which will provide a favourable atmosphere for growth. According to FMI’s forecast, the pilot plants market will make up more than 40% of global sales.
A glass reactor system is a particular kind of chemical reactor that enables visual inspection of the reaction process. A glass jar, a heating/cooling system, a stirrer, and other accessories are frequently included in the system. It is frequently utilised for a variety of processes, including mixing, distillation, and crystallisation, in the chemical, pharmaceutical, and research industries. Because of its transparency, which enables greater monitoring, it is a preferred option for research and development.
Regionally, North America will emerge as a highly lucrative market. Demand outlook for the U.S. remains positive due to the presence of a robust healthcare sector and high degree of medical care awareness. According to the study, the U.S. market for glass reactors is expected to total US$ 326.5 Mn by the end of 2031.
“Increasing investment in research and development activities coupled with expansion of chemical and petrochemical industries is driving the glass reactors market. Apart from this, leading market players are investing in strategic acquisitions and partnerships. This in turn will continue offering lucrative opportunities for growth of the market,” said a FMI analyst.
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Key Takeaways from Glass Reactor Market Survey
- The U.S. is the leading market for glass reactors in North America and is expected to surpass a valuation of US$ 326.5 Mn by the end of 2031.
- Demand outlook for China remains optimistic. China market is forecast to expand at a CAGR of 6.4% over the forecast period.
- Germany is estimated to account for over 20% of glass reactor sales within Europe.
- India market is expected to grow at a steady pace, accounting for over 30% sales in the South Asia and Pacific region in 2021.
- Based on design, single jacketed glass reactors are expected to account for over 70% of the market share in 2021.
Key Drivers
- Application in chemical and pharmaceutical industries will remain chief growth driver.
- Increasing investment in healthcare research in the U.K., U.S., and other developed countries will create opportunities for growth.
Competitive Landscape
Glass reactors manufacturers are focusing on acquisitions, partnerships and business expansion strategies to gain a strong foothold in the market.
For instance, in 2019, GMM Pfaudler announced the acquisition of Industrial Mixing Solutions for 29 crores. This acquisition will help help Pfaudler to improve its industrial mixing business vertical by ushering new product, technologies among others.
In 2019, Büchi AG. laid the premise for the expansion project in Kaliningrad, Russia. The new facility allowed the company to expand its footprint in Europe along with inflated sales into Eastern Europe.
Some of the leading players operating in the glass reactor market profiled by FMI are:
- DE DIETRICH PROCESS SYSTEMS
- Parr Instrument Company
- Büchi AG
- Corning Incorporated
- Ace Glass Incoporated
- GMM Pfaudler Ltd.
- Syrris Ltd.
- Radleys
- Quark Glass
- Senco.CC
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More Valuable Insights on Glass Reactors Market
FMI in its new report offers an unbiased analysis of the global glass reactor market, analyzing forecast statistics through 2021 and beyond. Glass reactors market survey also reveals growth projections with detailed segmentation:
By Capacity:
- Up to 5 Lts.
- 5 to 15 Lts
- 15 to 30 Lts.
- 30 to 60 Lts.
- 60 to 100 Lts.
- 100 to 300 Lts.
- Above 300 Lts.
By Design:
- Single jacketed Glass Reactors
- Double Jacketed Glass Reactors
By Application:
- Pilot Plants
- Mid-Large Scale Production Plants
- Portable Multi-purpose Unit
By End Use:
- Chemical Process Industries
- Petrochemical Refineries
- Pharmaceutical
- Research Institutes
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