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Global Glass Reactors Market Report Forecast to 2027

08-24-2021 03:13 PM CET | IT, New Media & Software

Press release from: INFINITY BUSINESS INSIGHTS

High degree of chemical inertness and cleanliness bolstering the use of Glass Reactors; product adoption in pharmaceutical and petrochemical industries to ensure sustainable growth
The global Glass Reactors market is expected to reach USD 677.4 million by the end of 2026.
Infinity analysts forecast the global Glass Reactors market to grow at a CAGR of 4.5% during the forecast period, according to their latest market research report.

Glass Reactors are designed for use as corrosion-resistant equipment that also displays a high degree of chemical inertness towards reactions. The glass reactors are adept at the handling of aggressive fluids and exhibit an extended service life without much wear. The use of glass reactors also ensures cleanliness in sterile environments and clear visibility of the reaction processing through the equipment.

The increasing interest in corrosion-resistant equipment for lower maintenance costs and rising product demand from the pharmaceutical end-user sector are the influential primary factors that would bolster the prospects of market growth during the forecast period. The use of glass reactors ensures lower operational and maintenance costs as these are highly resistant to corrosion. Additionally, the glass reactors also effectively screen the reactions from external contaminants without actively participating in the chemical responses. The increase in scientific explorations that require a certain degree of inertness and cleanliness while maintaining the reaction stability at low-pressure situations would invariably increase the adoption of glass reactors, enabling consistent market growth. The rapid product incorporation in petrochemical processing facilities, especially in downstream operations, would offer manufacturers with new opportunities for product sales and business expansion during the forecast period.

Single-layer Glass Reactor and Double-layer Glass Reactor are covered in the Type segment of the market scope. In contrast, the Application segment is categorized into the Pharmaceutical Industry, Chemical Industry, and Others. The report covers Consumption volume of the global market by Application, with the volume expressed in K Units. The Type segment is calculated in terms of Production value and volume.

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The volume of the Pharmaceutical Industry consumption by Application is estimated to garner 29.7 K Units by 2026; growing at a CAGR of 4.9% from 2020 to 2026. The high demand for incorporation of glass reactors in sterile work environments would improve the segment growth, as chemical inertness of the glass material improves the product application in the coming years.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
Asia Pacific is a prominent region and holds a substantial share in terms of overall consumption volume. The continued adoption of glass reactors in chemical processing laboratories and product testing facilities would boost the regional growth prospects of the market.

The Glass Reactors market is highly fragmented, with several global and regional companies operating with large-scale manufacturing capabilities and extended distribution networks. The launch of new products after thorough development and expansion in business capabilities through strategic collaborations are the primary business strategies of top players.
Pfaudler, Inc. is one of the most significant companies of the global Glass Reactors Market in terms of production volume, with De Dietrich Process Systems and Büchi AG among many other vendors to hold substantial market share by value and volume.
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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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