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Surge In Pharmaceutical Industry Driving The Growth Of The Market Due To Increasing Demand For Quality And Corrosion-Resistant Solutions: The Driving Engine Behind Glass Lined Equipment Market Evolution in 2025
Glass Lined Equipment Market
Glass Lined Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size for glass lined equipment has seen a robust growth in recent years. It is projected to escalate from $3.87 billion in 2024 to $4.22 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The historial growth can be credited to factors such as increased requirement for equipment resistant to corrosion, expansion in the chemical and pharmaceutical sectors, heightened industrialization, increasing customization of glass-lined equipment, and the rise of emerging economies.
How Will the Glass Lined Equipment Market Size Evolve and Grow by 2029?
In the upcoming years, it is anticipated that the glass lined equipment market will experience robust growth, with the market estimated to reach $6.15 billion in 2029 due to a compound annual growth rate (CAGR) of 9.9%. This projected growth during the forecasted period can be linked to the growth of the pharmaceutical and specialty chemical sectors, escalating investments in industrial infrastructure, a rising demand for sturdy and efficient processing equipment, an increasing concentration on energy efficiency, and heightened focus on safety and compliance in processes. The forecast period is likely to see major trends such as advancements in manufacturing techniques, improvements in glass-lining technology, the increased application of smart monitoring technologies, progress in material science resulting in enhanced durability, and a shift towards sustainable and environmentally friendly coatings.
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What Drivers Are Propelling the Growth of Glass Lined Equipment Market Forward?
The growth of the glass-lined equipment market is anticipated to be fueled by the expansion of the pharmaceutical industry. Dedicated to the research, development, manufacturing, and marketing of medication, the pharmaceutical industry plays a pivotal role in advancing global health and treating various diseases through the creation of pharmaceutical products. The industry's growth can be attributed to the escalating worldwide demand for healthcare, technological and research advancements in medicine, and an uptick in chronic disease cases. Moreover, such innovations in medical research and technology have led to the discovery of more effective remedies and groundbreaking therapies, propelling the industry's growth. As an essential component in ensuring the quality and safety of pharmaceutical production, glass-lined equipment furnishes dependable, corrosion-resistant alternatives for processing and storage. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade association, reported that the total pharmaceutical production in Europe for June 2024 reached $417,300 million (€390,000 million), a significant increase from $388,141 million (€363,300 million) the previous year. Therefore, the rising demand within the pharmaceutical sector is spurring the growth of the glass-lined equipment market.
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What Long-Term Trends Will Define the Future of the Glass Lined Equipment Market?
Leading firms in the glass-lined equipment market are turning to strategic investments to boost technological progress, increase manufacturing capacities, solidify their international footprint, and meet rising demands of the pharmaceutical and chemical sectors. These firms are also forming alliances and collaborations to accelerate product innovation, maintain regulatory adherence, and efficiently meet the emerging market requirements. For example, Asahi Glassplant Inc., a manufacturing firm based in Japan, revealed an investment strategy of up to 200 Crore INR ($22.9 million) in Standard Glass Lining Technology Limited and its associated firms in November 2023. This strategic investment kick-started a lengthy business alliance to encourage cooperative growth, technological advancements, and worldwide expansion in the glass-lined equipment sector. The investment will augment research and development, modernize manufacturing facilities, incorporate cutting-edge technology, and widen the market footprint in the glass-lined equipment industry.
What Are the Key Segments in the Glass Lined Equipment Market?
The glass lined equipmentmarket 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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Who Are the Key Players Shaping the Glass Lined Equipment Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Glass Lined Equipment Market?
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.
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