The Business Research Company’s report on the Glass Lined Equipment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the glass lined equipment market?
The expansion of the pharmaceutical industry is expected to propel the growth of the glass-lined equipment market going forward. The pharmaceutical industry is a sector of the economy focused on researching, developing, manufacturing, and distributing drugs and medications. Its primary goal is to improve health and treat diseases by producing pharmaceutical products that can be used to prevent, cure, or manage various medical conditions. The expansion of the pharmaceutical industry is due to increasing global healthcare demands, advances in medical research and technology, and the rising prevalence of chronic diseases. Advances in medical research and technology have led to the development of more effective treatments and innovative therapies, driving growth in the industry. Glass-lined equipment is crucial for maintaining the quality and safety of pharmaceutical production by offering reliable, corrosion-resistant solutions in processing and storage. For instance, in June 2024, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $417,300 million (€390,000 million) in 2023, an increase from $388,141 million (€363,300 million) in 2022. Therefore, the increasing demand in pharmaceutical industries is driving the growth of the glass-lined equipment market.
Expansion Of Oil And Gas Industry Driving Growth Of Market Due To Increasing Demand For Corrosion-Resistant Solution
The rise in the oil and gas industry is expected to propel the growth of the glass-lined equipment market in the future. The oil and gas industry is a sector that involves the exploration, extraction, refining, transportation, and marketing of oil and natural gas products. The oil and gas industry’s expansion is fueled by growing energy needs and modern extraction technologies that make accessing resources more efficient. Glass-lined equipment is used in the oil and gas sector to handle corrosive chemicals during refining and petrochemical production. For instance, in August 2022, according to a report published by the Offshore Energies UK (OEUK), a UK-based trade association, domestic gas production in the first half of 2022 increased by 26% compared to the same period in 2021, generating enough energy to heat nearly 3.5 million UK homes for a year. Therefore, the rise in the oil and gas industry is driving the growth of the glass-lined equipment market.
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How has the glass lined equipment market size evolved, and what are the latest forecasts for its expansion?
The glass lined equipment market size has grown rapidly in recent years. It will grow from $3.87 billion in 2024 to $4.28 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to rising demand for corrosion-resistant equipment, growth in chemical and pharmaceutical industries, increasing industrialization, increasing adoption of customized glass-lined equipment, and rising emerging economies.
The glass lined equipment market size is expected to see rapid growth in the next few years. It will grow to $6.36 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to expansion of pharmaceutical and specialty chemical sectors, rising investments in industrial infrastructure, increasing demand for durable and efficient process equipment, growing focus on energy-efficient solutions, and increasing emphasis on process safety and compliance. Major trends in the forecast period include advancements in manufacturing, advancements in glass-lining technology, integration of smart monitoring technologies, advancements in material science for improved durability, and shift towards sustainable and eco-friendly coatings.
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Which major companies dominate the glass lined equipment market?
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 trends will shape the future of the gingivitis market?
Major companies operating in the glass-lined equipment market are focusing on strategic investments to enhance technological advancements, expand production capabilities, strengthen their global presence, and meet the growing demand from the pharmaceutical and chemical industries. These companies are also forging partnerships and collaborations to improve product innovation, ensure regulatory compliance, and address emerging market needs effectively. For instance, in November 2023, Asahi Glassplant Inc., a Japan-based manufacturing company, announced a strategic investment of up to 200 Crore INR ($22.9 million) in Standard Glass Lining Technology Limited and its affiliated companies. This investment marks initiating a long-term business partnership to foster collaborative growth, technological innovation, and global expansion within the glass-lined equipment industry. This investment will enhance research and development, upgrade production facilities, integrate advanced technologies, and expand market reach in the glass-lined equipment industry.
Which region dominates the glass lined equipment market, and what factors contribute to its leadership?
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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How is the glass lined equipment market segmented, and which segment holds the largest share?
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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How is the glass lined equipment market defined, and what are its core characteristics?
Glass-lined equipment refers to containers that are coated with a layer of glass, often by a process called enameling. This glass lining provides a non-reactive, smooth, and durable surface that protects the equipment from corrosive substances and extreme temperatures. Glass-lined equipment is commonly used in industries where it is essential to avoid contamination and ensure safety when handling aggressive chemicals, acids, or other reactive materials.
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