Press release
Glass Lined Equipment Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Glass Lined Equipment
What Is the Current Glass Lined Equipment Market Size and Its Estimated Growth Rate?
In recent times, there has been a swift expansion in the market size of glass lined equipment. Its market value is expected to rise from $3.87 billion in 2024 to $4.28 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. This growth in the historical period is due to factors such as a surge in need for equipment that is resistant to corrosion, an expansion in the chemical and pharmaceutical sectors, greater industrialization, the growing trend towards personalized glass-lined equipment, and the rise of emerging economies.
The market size of glass lined equipment is projected to experience substantial acceleration in the coming years, reaching the value of $6.36 billion in 2029 with a compound annual growth rate (CAGR) of 10.4%. This expected growth during the forecast period can be associated with the expansion of the pharmaceutical and the specialty chemical sectors, amplified investments in industrial framework, soaring demand for lasting and proficient process equipment, escalating focus on energy-saving solutions, and the rising importance of process safety and adherence to regulations. Noteworthy trends for the forecast period encompass advancements in production, progress in glass-lining technology, the assimilation of intelligent monitoring technologies, progress in material science for augmented durability, and a transition towards sustainable and ecologically friendly coatings.
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How Are Emerging Segments Shaping the Glass Lined Equipment Market Landscape?
The glass lined equipment market covered in this report is segmented -
1) By Type: Glass Lined Reactors, Glass Lined Storage Tanks, Glass Lined Heat Exchangers, Glass Lined Columns
2) By Capacity: Small-Scale (Below 500 liters), Medium-Scale (500 To 2000 Liters), Large-Scale (Above 2000 Liters)
3) By Application: Chemical Synthesis, Fermentation Processes, Heat Transfer Applications, Storage And Handling Of Corrosive Substances, Reaction Process Optimization
4) By End-User: Pharmaceuticals, Chemicals, Agriculture, Food And Beverage, Other End-Users
Subsegments:
1) By Glass Lined Reactors: Batch Reactors, Continuous Reactors, Semi-Batch Reactors
2) By Glass Lined Storage Tanks: Vertical Storage Tanks, Horizontal Storage Tanks, Pressure Storage Tanks
3) By Glass Lined Heat Exchangers: Shell And Tube Heat Exchangers, Plate Heat Exchangers, Coil Heat Exchangers
4) By Glass Lined Columns: Distillation Columns, Absorption Columns, Stripping Columns
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Which Growth Factors Are Influencing Glass Lined Equipment Market Expansion?
The pharmaceutical industry's growth is poised to drive the glass-lined equipment market's expansion. The main role of the pharmaceutical sector, which is concentrated on the research, creation, manufacturing, and distribution of drugs, is to boost health and tackle diseases through manufacturing pharmaceutical products that alleviate, prevent, or manage different medical conditions. This sector's expansion can be attributed to the escalating global healthcare demands, progress in medical research, and the escalating rate of chronic diseases. The progress in medical research contributes to the invention of more successful treatments and pioneering therapies, hence driving the industry's growth. Glass-lined equipment is key in preserving the quality and safety of pharmaceutical production as they provide dependable, resistant to corrosion solutions in processing and storage. For instance, in June 2024, as per the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based organization representing the pharmaceutical industry, the total pharmaceutical production in Europe came to $417,300 million (€390,000 million) in 2023, marking an escalation from $388,141 million (€363,300 million) in 2022. Therefore, the increasing requirements in pharmaceutical companies are driving the glass-lined equipment market's growth. The glass-lined equipment market is expected to grow because of the expansion in the oil and gas sector. This industry involves exploring, extracting, refining, transporting, and marketing products associated with oil and natural gas. The growth of this industry is powered by increasing energy needs and modern extraction technologies that make resource access more efficient. Glass-lined equipment is utilized in this sector to handle corrosive chemicals during the refining and production of petrochemicals. For instance, according to a report by the Offshore Energies UK (OEUK), a UK-based trade organization, in August 2022, domestic gas production in the first half of 2022 increased by 26% when compared to the same period in 2021, creating enough energy to warm nearly 3.5 million UK houses for one year. Consequently, the growth of the oil and gas industry is catalyzing the growth of the glass-lined equipment market.
Who Are the Dominant Players Across Different Glass Lined Equipment Market Segments?
Major companies operating in the glass lined equipment market are Corning Incorporated, Alfa Laval AB, Jiangsu Yangyang Chemical Equipment Co. Ltd., Jiangsu Liyang Yunlong Equipment Manufacturing Co. Ltd., GMM Pfaudler Ltd., 3V Tech, Standard Group of Companies Ltd, SACHIN INDUSTRIES LTD, Ablaze Glass Works Pvt. Ltd., Asahi Glassplant Inc., Pioneer Group, DE Dietrich Process Systems, Thaletec GmbH, Standard Glass Lining Technology, HLE Glascoat Limited, Sigma Scientific Glass, Estrella USA, Zibo Taiji Industrial Enamel, Kalaria Auto Forge, Danyang Huida Mould Material Technology Co. Ltd.
What Are the Latest Developing Trends in the Glass Lined Equipment Market?
Leading businesses in the glass-lined equipment market are leveraging strategic investments to drive technological progress, escalate manufacturing capacities, solidify international foothold, and cater to the increasing demand from the pharmaceutical and chemical sectors. They are also forming alliances and collaborations to bolster product innovation, ensure adherence to regulations, and effectively cater to evolving market requirements. For example, Asahi Glassplant Inc., a manufacturer from Japan, revealed a strategic investment plan in November 2023, dedicating up to 200 Crore INR ($22.9 million) towards Standard Glass Lining Technology Limited and its affiliated businesses. This investment signifies the commencement of a lasting business alliance aimed at cooperative growth, technology innovation, and global development within the glass-lined equipment sector. The investment will boost research and development, enhance manufacturing plants, amalgamate state-of-the-art technologies, and widen market outreach in the glass-lined equipment industry.
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Which Geographic Regions Are Expected to Dominate the Glass Lined Equipment Market in the Coming Years?
North America was the largest region in the glass lined equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass lined equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glass Lined Equipment Market?
2. What is the CAGR expected in the Glass Lined Equipment Market?
3. What Are the Key Innovations Transforming the Glass Lined Equipment Industry?
4. Which Region Is Leading the Glass Lined Equipment Market?
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