Global Glass Reactors Market

2021 Analysis and Review: Global Glass Reactors Market by Application – Pilot Plants, Mid-Large Scale Production Plants, and Portable Multipurpose Units for 2021 – 2031

Glass Reactors Market Snapshot

As per newly released data by Future Market Insights (FMI), the glass reactor market is expected to register year-on-year (YoY) growth of 4.6% in 2021, registering sales of 400 thousand units.

The single jacketed glass reactors segment will grow 4.3% in 2021 to reach 286 thousand units, while the double jacketed glass reactors segment demand will be up 4.4%, reaching 112 thousand units. Extensive applications in chemical and pharmaceutical processing will contribute towards the growth of the market through 2031.

Key Points Covered in the Glass Reactors Market Study

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Glass Reactors and How to Navigate
  • Recommendation on Key Winning Strategies

2016-2020 Glass Reactors Market Outlook Compared to 2021-2031 Forecast

Driven by a focus on research and development and increasing investments in the industrial sector, the glass reactors market will rise at a 5.6% CAGR between 2021 and 2031 in comparison to the 3.8% CAGR registered during 2016-2020.

Demand among pharmaceutical producers will rise as they seek to accommodate the surging need for advanced medical solutions. This also will boost investment opportunities in the market.

Leading bio-pharmaceutical companies are focusing on expanding their product portfolio across various countries. To improve their industrial research activities, some companies are collaborating directly with academic institutions.

Consumer awareness regarding sustainability has led energy and chemical companies to explore decarbonization technologies, and reexamine their assets, which has encouraged the chemical industries to invest in research and development (R&D) activities.

These factors are expected to spur sales of glass reactors in the coming years. The U.S. is one of the leading consumers for glass reactors.

In the coming years, the demand for glass reactors will rise amid the expansion of the chemical and industrial sectors.

What is the Impact of the COVID-19 Crisis on the Glass Reactors Market?

Lockdowns imposed across various countries have negatively impacted market development. Limited production and transportation-related delays owing to travel restrictions have created obstacles amid the pandemic. With the consecutive waves of the novel coronavirus, treatment of other ailments were either affected or delayed.

Nonetheless, distributors and manufacturers have stockpiled equipment to ensure sufficient supplies during the pandemic. An increase in the new product development in the post-COVID period has raised pilot plant activities, which is a prime application sector for the market.

Despite the difficult situation, economies are steadily recovering from the effect. Company activities will begin at a slow and steady pace as supply and distribution networks recover. Against this backdrop, the pandemic is unlikely to have a long-term effect on the glass reactors market.

Country-wise Insight

How is the Glass Reactors Market Faring in the U.S.?

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to be the largest market in North America reaching US$ 326.5 Mn by 2031.  

Overall industrial spending grew at a rate of about 4.6 percent in 2019 than overall economic growth of 4.0 percent in the country calculated by Gross Domestic Product (GDP), according to CMS' Office of the Actuary estimates.

Furthermore, the U.S. remains one of the world's largest markets for pharmaceuticals, making it a lucrative market for glass reactor manufacturers. Higher population and medical care awareness among Americans will drive growth in the market.

Why is Demand for Glass Reactors Increasing in China?

Demand in the China market is expected to rise at nearly 6.4% CAGR over the forecast period. China’s Industrial sector is backed by well-developed infrastructure and it is largely supported by the government. It is not surprising that China has the most elevated level of expenditure across the globe.

As per the report, the China is recognized as a primary market, and it is expected to continue exhibiting high demand for glass reactors through the forecast period. Rising research activities, presence of several major players, and increasing petrochemical and chemical sectors are creating attractive opportunities for glass reactor producers in the country.

Why is Innovation Key to Succeed in the Germany Pharmaceutical Market?

Germany is one of the world’s top manufacturers of pharmaceuticals. By 2031, it is expected to account for over 20% of glass reactor sales within Europe. Manufacturers in the country have a competitive advantage as they have access to cutting edge research to address unmet challenges.

Players in the country are investing in order to expand their operations, which is resulting in a more promising product pipeline. Some of the leading companies operating in the Germany market are prioritizing areas with unmet needs and are working towards developing innovative products in these areas. 

How are Government Initiatives Boosting Glass Reactor Sales in India?

In 2021, India will account for over 30% sales in the South Asia and Pacific. Government initiatives undertaken to bolster the industrial and petrochemical sector are anticipated to supplement development of India’s Industrial development.

Rising demand from the industrial sector can be attributed to a large population, lifestyle changes, and the emergence of new technologies, which are also driving interest for pilot plants and R&D centers, which are propelling demand. Indian producers are expecting to extend their business through consolidation and acquisitions with research and academic organizations.

Rising demand from the industrial sector can be attributed to a large population, lifestyle changes, and the emergence of new technologies, which are also driving interest for pilot plants and R&D centers, which are propelling demand. Indian producers are expecting to extend their business through consolidation and acquisitions with research and academic organizations.

Category-wise Insights

Why is the Demand for 30-60 Lts. Glass Reactors Increasing?

Based on capacity, 30-60lts. is the leading category, accounting for nearly 35% of the market in 2021. This can be attributed to a wider scope of applications in various end use industries at a higher capacity level.

30-60 Lts. glass reactors are expected to remain the top choice for many end use verticals, as they significantly reduce storage space and are considered cost-effective solutions for chemical reactions.

Which Application is Key to Revenue Generation in the Glass Reactors Market?

Chemical process industries are expected to hold the highest market share in the glass reactors market and is expected to reach a market value of US$ 440.7 Mn by 2031. The prime reason for this growth is the expansion of the chemical sector.Demand for innovative solutions from the chemical industry is attracting investments for new innovative products, which is driving sales in the region.

Which Design of Glass Reactors is Preferred for Industrial Applications?

Single jacketed glass reactors are estimated to hold the largest revenue share of more than 70% in 2021 owing to the rising number of applications in end use industries. Single jacketed glass reactors use water/oil baths to inject constant temperature hot solvents or cooling liquid to handle reaction material with stirring functions.

Single glass reactor can conduct vacuum stirring reaction, distillation concentration reaction, separation extraction reaction, and more, which makes helps in maintaining an upwards growth trajectory. 

How are Pilot Plants Contributing to the Glass Reactors Market?

The pilot plants segment is expected to contribute a maximum revenue share of more than 40% in the global glass reactors market owing to the rising number R&D canters and testing centers across the various industry verticals.

Advancements in industrial production approaches in different nations such as the U.S. and China has brought about improved cost-effectiveness for different production techniques. This has prompted receiving strategies for production specific technologies, creating a conducive environment for growth.

Competitive Landscape

Companies operating in the glass reactors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product portfolio and capacity, addressing the demand of an expanding consumer pool.

  • For instance, in April 2019, Pfaudler Group, acquired the Industrial Mixing Solutions Division (IMSD, www.sudarshan-imsd.com) of Sudarshan Chemical Industries Ltd., Pune.

Manufacturers are also focusing on the expansion of manufacturing facilities globally to maintain their global presence.

  • In December 2019, Büchi AG. laid the foundation stone for the expansion project in Kaliningrad, Russia. The new facility enabled the company to increase its footprint in Europe, expand sales into Eastern Europe, and better address its customers’ needs by producing more products and services.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC Countries, Turkey, and South Africa

Key Segments Covered

By Capacity, By Design, By Application, End Use and Region

Key Companies Profiled

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • At what rate is the glass reactors market projected to grow through the assessment period?

    Between 2021 and 2031, the market is set to rise at a 5.6% CAGR.

  • How much is the glass reactors market worth?

    The glass reactor market is projected to reach a valuation of US$ 820.6 Mn in 2021.

  • What is the volume outlook of the glass reactors market?

    In the duration from 2021 - 2031 the volume of the glass reactors market is set to reach ~262,000 units.

  • At what rate did the glass reactors market grow in the last 5 years?

    From 2016 – 2020, the market grew at a CAGR of 2%

  • What is the share of the top players in the glass reactors market?

    DE DIETRICH PROCESS SYSTEMS, Parr Instrument Company, Borosil Renewables Limited, Büchi AG, and Corning Incorporated will cumulatively account for19% of the market in 2021.

  • What is the North America glass reactors market outlook?

    The North America market is set to rise at a CAGR of 5.6% through the end of 2031.

  • At what rate are the sales of glass reactors in Europe set to rise?

    The Europe market of glass reactors is expected to display a CAGR of 5.5% through the assessment period.

  • What are the key statistics of the South Korea and Japan glass reactors market?

    In 2021, South Korea and Japan will cumulatively account for 5% of the global market.

  • Who are the key exporters of glass reactors?

    Germany, the U.S., and China are the leading exporters in the glass reactors market.

  • Which countries are the leading producers of glass reactors?

    Germany, the U.S., and China are the most prominent producers of glass reactors in 2021.

  • What are the global y-o-y growth statistics for the glass reactors market for 2020 -2021?

    From 2020 to 2021 the glass reactors market grew 5%.

  • What are the key trends prevailing in the glass reactors market?

    Integration of IOT connected technologies and the expansion of sales networks by OEMs are key trends to keep an eye on.

Glass Reactors Market by Category

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

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Global Glass Reactors Market