According to a recent market study published by Growth Market Reports titled, "LAMEA Borosilicate Glass Tube USP Type I Market by Packaging, Type, End-users, and Regions: Size, Share, Trends and Opportunity Analysis, 2018-2028", the market was valued at USD 1,035.4 Million in 2020 and is expected to grow at a moderate growth rate of 12.9% by the year 2028. The LAMEA Borosilicate Glass Tube USP Type I Market is anticipated to grow significantly during forecast period. Borosilicate glass is one of the glass types with silica and boron trioxide.

The advanced production technology which is heating the glass to make internal glass melting, is used for processing the Borosilicate glass. These glasses have a high content of silicon and boron trioxide. This makes the glass more resistant for extreme temperatures and improves its resistance to chemical corrosion. USP Type I borosilicate glass is least reactive type of glass present for containers. It is primarily used for packaging the water for chemicals, injection, samples requiring sterilization, UN-buffered products, and, sensitive lab samples. All lab glass apparatus is commonly borosilicate glass tube Type I.

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LAMEA Borosilicate Glass Tube USP Type I Market has been segmented based on Packaging, Type, End-users, and Regions. Based on packaging, the LAMEA borosilicate glass tube USP Type I market is segmented into parenteral products and non-parenteral products. Based on type, the LAMEA borosilicate glass tube USP Type I market is segmented into ampoules, vials, syringes, and others. Based on end-users, the LAMEA borosilicate glass tube USP Type I market is segmented into chemical companies, pharma companies, laboratories, and others. Based on region, the LAMEA borosilicate glass tube USP Type I market is segmented into Latin America and Middle East & Africa.

The parenteral products segment is anticipated to expand at a significant CAGR during the forecast period. Type I borosilicate glass containers are widely used for packaging parenteral drugs. Parenteral products include implants, powders for injection or infusion, solutions, emulsions for injection or infusion, gels for injection, and suspensions. Type I borosilicate glass is widely used for packaging parenteral products. Borosilicate comprises alkaline earth metal oxides, boric acid, alkali metal oxides, and aluminum oxide. Type I borosilicate glass is used for packaging parenteral drugs, due to its high hydrolytic resistance, barrier properties, chemical resistance, regulatory compliance, and wide range of applications.

Covid-19 did not hamper the type I borosilicate glass market, as it is used for packaging COVID-19 vaccines. Manufacturers in the market were focused on investing in research and development activities, which is driving the market during the pandemic. Demand for molded glass vials increased during the pandemic, due to increasing demand for pharmaceutical packaging for the preservation and protection of drugs. The production of molded glass vials increased during the pandemic, as borosilicate glass is used for the preservation and protection of drugs. Import and export of type I borosilicate glass were not affected during the pandemic. This, in turn, is driving the market during the pandemic.

Key Takeaways from the Study

  • Increasing demand for vials, as type I borosilicate glass is highly resistant to chemicals, is expected to drive the market during the forecast period.
  • Increasing demand for borosilicate glass for packaging parenteral products is expected to drive the market during the forecast period.
  • Increasing demand for type I borosilicate glass, owing to the rising usage of the glass as chemical laboratory equipment, is expected to propel the market during the forecast period.
  • Rest of the World is expected to hold significant market share position during forecast period. Demand for borosilicate glass increased, as it is widely used for packaging COVID-19 vaccines, which is expected to drive the market during the forecast period.

Report Scope

Report Metric

Details

Market Value in 2020

USD 1,035.4 Million

Market Growth Rate (from 2021 to 2028)

12.9%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Market Segments

Packaging, Type, End-users, and Regions

Region Scope

Latin America and Middle East & Africa

Key Companies Profiled

VWR International, LLC., Gerresheimer AG, Corning Incorporated, SCHOTT AG, Kavalierglass, a.s., DWK Life Sciences, Cole-Parmer Instrument Company, LLC., DE DIETRICH PROCESS SYSTEMS, and PGP Glass Pvt. Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Demand Side: Chemical Companies, Pharma Companies, Laboratories.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: International Trade Centre, International Atomic Energy Agency (IAEA), International Civil Aviation Organization (ICAO), International Maritime Organization (IMO).