Product Code: GVR-4-68040-142-3
Glass Lined Equipment Market Growth & Trends:
The global glass lined equipment market size is anticipated to reach USD 4.14 billion by 2030, growing at a CAGR of 10.2% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The growing adoption of these equipment in chemical & pharmaceutical industries is projected to drive the market growth over the forecast period. These corrosion-resistant equipment are used in a range of processes for manufacturing pharmaceuticals and synthesizing specialty chemicals and polymers. They prevent corrosion and malfunction of materials exposed to harsh chemicals, such as alkalis and acids, within the pressure equipment.
Glass lined equipment is vital to the pharmaceutical industry as it helps in the development of quality final products. Quality is also closely related to the life of the equipment in this industry, as any damage or failure to the glass lining implies that the equipment is not to be used in pharmaceutical plants. As a result, several market players, such as GMM Pfaudler and HLE Glascoat focus on establishing quality-conscious factories as they are unwilling to take risks or compromise on the quality of their equipment.
Another key factor driving this expansion is the increased attention of pharmaceutical companies to discover the cure for rare diseases. The advancements in innovative biologics, cell therapies, bioelectronics, nucleic acid therapeutics, and implants have attracted investments from nonpharmaceutical companies such as Facebook and Qualcomm. This is also leading to the expansion of the global pharmaceuticals industry, thereby fueling the demand for glass lined equipment used in the pharmaceutical industry over the forecast period.
Equipment that is generally supplied with glass-lined fitted components such as valves, reactors, storage tanks, agitators, filters, pipe fittings, baffles, columns, dryers, and pipelines and dip pipes are practically covered with glass using glass lining technology. Glass-coated equipment function efficiently owing to their increased corrosion resistance, decreased component wear, and minimized frictional losses. These aforementioned factors are expected to drive the demand for these equipment over the forecast period.
Glass-lined reactors developed from different grades of stainless steel and lined using glass lining technology offer numerous benefits. They employ carbon or stainless steel as base materials and have glass/enamel surfaces that come in contact with the processed products. These reactors are frequently utilized in chemical processes wherein corrosion resistance and chemical inertness are required.
A glass-lined reactor is utilized in the chemical industry due to its compatibility with a wide variety of chemicals. The glass-lined reactor is crucial to the chemical process, in which chemical reactions occur. In numerous industries, including chemical, polymer, dye & pigment, color, and pharmaceutical, the role of a reactor is crucial. The rising need for high-performance and function-specific chemicals in end-use sectors, such as oil & gas, pulp & paper, and personal care & cosmetics, is anticipated to be one of the most important market drivers. GMM Pfaudler; Buchiglasuster; HLE Glascoat, and others are some of the major manufacturers operating in the market.
Manufacturers of glass lined equipment are looking for product launches, mergers & acquisitions, and expansions to develop new products. For instance, in June 2023, GMM Pfaudler's Li Yang plant in China began producing the first of three massive 140,000-liter glass-lined vessels. Moreover, in August 2022, GMM Pfaudler and JDS Manufacturing engaged in a joint venture arrangement. This partnership will enable GMM Pfaudler to offer a comprehensive range of glass-lined components and services.
Glass Lined Equipment Market Report Highlights:
- Based on product, the reactors segment led the market and accounted for a 39.9% share of the global market in 2022. Reactors are a crucial component of production lines in modern process plants, and they are widely employed in industries such as petrochemicals, medicines, pesticides, food, dyes, light industry, and scientific research
- Agitators are expected to witness a CAGR of 10.9% over the forecast period. For the batch process using a glass-lined vessel, selecting and installing the right agitator is crucial for maximizing reactor performance
- Based on end-use, the pharmaceuticals segment is expected to witness a CAGR of 10.8% over the forecast period. Increased R&D in pharmaceutical products, particularly the production of anti-COVID medications, contributes to the expansion of the market
- The chemicals segment led the market and accounted for 45.3% of the global market share in 2022. Glass-lined steel has superior corrosion resistance to alkalis, acids, water, and other chemical solutions, excluding hydrofluoric acid and highly concentrated phosphoric acid. As a result, the glass linings can withstand circumstances that leave most metal containers inoperable in a short period
- The food & beverage segment is expected to witness a CAGR of 9.5% over the forecast period. Glass-lined equipment plays a crucial role in the maintenance of food processing equipment, preserving the freshness of food & beverage products while extending their shelf life at the same time
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources
- 1.3.4. Third-Party Perspectives
- 1.3.5. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends & Scope
- 3.1. Market Segmentation & Scope
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Industry Analysis
- 3.7.1. Porter's analysis
- 3.7.2. Macroeconomic Analysis
- 3.8. Economic Mega Trend
Chapter 4. Glass Lined Equipment Market: Product Estimates & Trend Analysis
- 4.1. Product Analysis & Market Share, 2022 & 2030
- 4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.2. Reactors
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Agitators
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Heat Exchangers
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Storage Tanks
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Glass Lined Equipment Market: End-use Estimates & Trend Analysis
- 5.1. End-use Analysis & Market Share, 2022 & 2030
- 5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.2. Pharmaceuticals
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Chemicals
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Agriculture
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Food & Beverage
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Glass Lined Equipment Market: Regional Estimates & Trend Analysis
- 6.1. Regional Market Snapshot
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Macroeconomic Outlook
- 6.2.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Macroeconomic Outlook
- 6.2.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Macroeconomic Outlook
- 6.2.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Macroeconomic Outlook
- 6.3.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.3. France
- 6.3.3.1. Macroeconomic Outlook
- 6.3.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4. Italy
- 6.3.4.1. Macroeconomic Outlook
- 6.3.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5. Spain
- 6.3.5.1. Macroeconomic Outlook
- 6.3.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6. UK
- 6.3.6.1. Macroeconomic Outlook
- 6.3.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. Macroeconomic Outlook
- 6.4.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Macroeconomic Outlook
- 6.4.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Australia
- 6.4.4.1. Macroeconomic Outlook
- 6.4.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5. India
- 6.4.5.1. Macroeconomic Outlook
- 6.4.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6. South Korea
- 6.4.6.1. Macroeconomic Outlook
- 6.4.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Macroeconomic Outlook
- 6.5.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Macroeconomic Outlook
- 6.5.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Macroeconomic Outlook
- 6.6.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. Macroeconomic Outlook
- 6.6.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Participant's Overview
- 7.4. Financial Overview
- 7.5. Product Benchmarking
- 7.6. Company Market Positioning
- 7.7. Company Market Share Analysis, 2022
- 7.8. Company Heat Map Analysis
- 7.9. Strategy Mapping
Chapter 8. Company Profiles
- 8.1. GMM Pfaudler
- 8.2. Buchiglasuster
- 8.3. SGT Glass-Lined Equipment Co., Ltd
- 8.4. HLE Glascoat
- 8.5. THALETEC
- 8.6. 3V Tech S.p.A.
- 8.7. Standard Group of Companies Ltd
- 8.8. Zibo Taiji Industrial Enamel Co., Ltd
- 8.9. Jiangsu Yangyang Chemical Equipments Manufacture Co., Ltd
- 8.10. SACHIN INDUSTRIES LTD