Glass-lined Equipment Market Share, Industry Analysis [2031]

Report Description

Market Outlook:

The Global Glass-lined Equipment Market was estimated at USD 813.40 Million in 2022 and is anticipated to reach USD 1,346.74 Million by 2031, expanding at a CAGR of 5.9% during the forecast period.

Glass-lined equipment is a material used for the production of pharmaceuticals, polymers, and other specialty chemicals due to its corrosion-resistant properties. This coating protects materials from contamination and resists corrosive agents. The smooth surface of glass-lined equipment reduces product adherence and facilitates easy cleaning, which increases operational efficiency. The chemical industry uses various glass-lined equipment, such as storage tanks, reactors, pipes, and vessels, owing to their excellent anti-corrosive qualities, heat resistance, and simplicity of cleaning. These equipment are suitable for conducting reactions, storing, and transferring compounds in a safe and regulated setting due to their excellent properties.

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Macro-economic Factors

GDP

Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. GDP is one of the most important indicators to capture economic activity. The GDP increases, as the growth of industries increases in developed and developing countries. According to the European Federation of Pharmaceutical Industries and Associations, there is rapid growth in the market and research environment in emerging economies, such as Brazil, China, and India. For instance, according to Invest India, the valuation of the pharmaceutical industry in India is expected to reach USD 65 Bn by 2024 and USD 130 Bn by 2030.

Government Regulation

Government regulations refer to the goals, decision, policies, and actions imposed by the government for political, social, and economic management. These regulations are based on the manufacturing process of glass-lined equipment and the application of the equipment. For instance, stringent regulations in North America favoring safety and high-quality standards have bolstered the market for glass-lined equipment. The government mandates the use of such equipment in industries, such as pharmaceuticals and chemicals, to prevent production hazards, thereby driving the market

Sustainability

Glass-lined equipment is well known for its excellent chemical resistance. This property is crucial for the efficient containment of numerous substances and for reducing emissions and the risk of chemicals leaching into the environment. Industries prevent the discharge of harmful chemicals into the air or soil by using glass-lined equipment, thereby safeguarding the environment and human health. Energy efficiency is a crucial aspect of environmental sustainability. Glass-lined equipment contributes to this aspect by requiring less energy for temperature control. The glass lining provides excellent insulation, reducing the need for constant heating or cooling. This results in reduced energy consumption and carbon footprint, making it a preferred choice for environmentally conscious industries.

Industrial Growth

Industries such as pharmaceutical and chemical in emerging economies have significantly high growth. This indicates the high growth in the production as well the consumption of pharmaceutical drugs or chemical products. Furthermore, investment in research and development has increased in many industries, which further increased the manufacturing process of different chemicals or pharmaceutical drugs. Increasing production and revenue generation further increases the demand for glass-lined equipment, due to its corrosion-resistant property and resistance to contamination from dissolved metals or alloys. These properties allow this equipment to operate at different conditions.

Market Dynamics

Market Driver- Technological Advancements

Manufacturing of equipment has undergone a significant digital transformation in the last few years with technological advancements and evolving consumer demands. Advancements such as artificial intelligence, robotics, and digitalization in the manufacturing of equipment provide significant opportunities for the glass-lined equipment industry. The glass manufacturing industry has been experiencing significant transformation with varied properties and impressive materials. This further enhances the quality of glass-lined equipment.

Various manufacturers of glass-lined equipment are shifting their focus from traditional manufacturing to automated techniques, such as computer-controlled cutting robots, automated UP-welding, and fully automated sanding machines. Computer-controlled flame-cutting robots enable to get high-precision synchronized cuts and perfect fit of the swaged opening of nozzles in this equipment. One of the most significant innovations in glass technology in recent years has been the development of energy-efficient glass. Therefore, this type of glass is an ideal solution for businesses to increase the energy efficiency and reduce the overall cost of the end product. The rising trend of automation and digitization in design and materials enhances the effectiveness and longevity of the equipment, which further propels the market.

Market Driver- Stringent Regulatory Standards Regarding Product Safety and Hygiene

Operational safety and maintaining product purity plays a crucial role in the chemical and pharmaceutical industries. Advanced safety measures help in minimizing the risks associated with chemical manufacturing and preventing accidents from occurring. The glass lining provides a barrier between the equipment and the corrosive materials, protecting the underlying metal from damage. Therefore, glass-lined equipment simplifies processing and contributes to improved operating security. Quality control improvement in pharmaceutical, chemical, and food manufacturing is critical for producing high quality products that meet customer expectations and comply with industry standards & regulations.

Glass-lined equipment provides superior corrosion resistance to acids, alkalis, water, and other chemical solutions. These equipment provides purity assurance and ease of cleaning in the manufacturing process. Governments across the globe are improvising the standards and regulations for the operational safety in many industries. According to Occupational Safety and Health Administration (OSHA), all chemical and pharmaceutical plants are required to have a chemical hygiene plan on site that details the operating procedures to follow when a worker is exposed to a toxic substance. These stringent government regulations bring up the promising growth opportunities for glass-lined equipment.

Market Restraints- High Initial Investment Cost

Glass-lined equipment has a wide range of applications in the chemical and pharmaceutical industries. These equipment are manufactured with various raw materials such as steel and enamel. The fluctuating prices of steel and other metals affect the overall price of glass-lined reactors and other equipment. The domestic steel price is in the rising stage which impacts the final price of the glass-lined reactor. There are many factors that affect the price of glass-lined reactors, such as raw materials, technology and specifications. High technical content of the equipment naturally leads to expensive sales. Therefore, the various technical parameters of the equipment leads to the high price of the overall glass-lined equipment. The size and production parameters of the glass-lined reactor are also affect the price. When purchasing the glass-lined reactors or other equipment, the specifications of the equipment are required to be selected according to the needs of the industry. The high initial investment and operational costs associated with glass-lined equipment pose a significant challenge for small and medium-sized enterprises. Furthermore, the risk of thermal shock in glass-lined vessels during abrupt temperature variations limits their application in certain processes.

Market Opportunity- Increasing Focus on Environment Sustainability

The glass-lined equipment market has been witnessing exponential growth in recent years. Growing emphasis on environmental regulations and safety standards is fueling the adoption of glass-lined equipment. Increasing focus on sustainable manufacturing practices leads to the surging demand for glass-lined equipment for reducing carbon emissions. Emerging economies such as India and China are heavily investing in the manufacturing of environmentally sustainable and energy-efficient product that fosters the market growth. One of the key environmental advantages of glass-lined process equipment is its ability to reduce resource consumption. Glass-lined equipment last for decades, requiring fewer raw materials for replacements than others. This translates into less trees cut down, less metal mined, and reduced energy consumption in manufacturing. Furthermore, energy efficiency is a critical aspect of environmental sustainability. Glass-lined process equipment contributes to this aspect by requiring less energy for temperature control. This inner glass-lining provides excellent insulation, reducing the need for constant heating or cooling. All these properties lead to low energy consumption and a small carbon footprint, making it an environmentally sustainable product. These factors provide numerous growth opportunities for the glass-lined equipment market.

Scope of the Report  

The report on the global Glass-lined Equipment Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Segmental Outlook

Based on type, the global glass-lined equipment market is categorized into glass-lined reactors, glass-lined storage tanks, glass-lined heat exchanger, glass-lined agitator, glass-lined evaporators, glass-lined columns, glass-lined pipes & fittings, and others.

The glass-lined reactors segment is anticipated to expand at a high CAGR during the forecast period. These reactors are secured against corrosion and have electrical & thermal insulation provided by a glass liner. Glass-lined reactors are dependable and adaptable as well as provide safe and efficient chemical processes.

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Based on application, the global glass-lined equipment market is categorized as chemicals & petrochemicals, pharmaceuticals, food & beverage, and others.

The chemicals & petrochemicals segment is expanded at a significant market share in the glass lined equipment market. Glass-lined equipment is highly resistant to a wide range of chemicals, including acids, alkalis, and organic solvents. This makes it an ideal choice for use in the chemicals & petrochemicals industry.

The pharmaceuticals segment is anticipated to expand at a high CAGR during the forecast period. The adoption of glass-lined equipment in the pharmaceutical industry is driven by its ability to resist corrosion, high thermal conductivity, and hygienic properties that make it ideal for pharmaceutical intermediates and active pharmaceutical ingredients production.

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Regional Outlook

Based on regions, the market is separated into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Asia Pacific held a significant share of the market during the forecast period.

The Asia Pacific market is expanded at a significant market share in the glass equipment market, due to the increased demand from the chemical and pharmaceutical industries in the region. Strong up-coming CAPEX in the pharmaceutical & chemical industries in Asia Pacific nations such as China and India as well as planned capacity expansion by key glass-lined equipment manufacturers boost the Asia Pacific glass-lined equipment market significantly. In recognition of India's low-cost of pharmaceutical production in with respect to the rest of the world, there is a surge in the demand for glass-lined equipment in India.

The market in North America is expected to expand at a substantial CAGR during the forecast period. Increased expenditure on drugs discovery & production as well as specialty chemicals demands the use of high-quality equipment such as glass-lined reactors and storage tanks. Furthermore, the increased emphasis on reducing hazardous waste and emissions is increasing the demand for corrosion-resistant glass-lined equipment, which minimizes waste and chemical leaks. Manufacturers are becoming increasingly adaptable, offering customized configurations and sizes of glass-lined equipment.

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Key Developments

• GMM Pfaudler US Inc. announced a Joint Venture agreement with JDS Manufacturing

On 08 August 2022, GMM Pfaudler entered a joint venture agreement with JDS Manufacturing. JDS Manufacturing, based in Georgia, US manufactures glass-lined components, including acid-alkali-proof enameled valves, forgings, castings, manway covers, protection rings, pipes, and fittings with special chemistry & metallurgy for use in the chemical and pharmaceutical industries. It also provides re-glassing services. This new joint venture was created to expand the company offerings of a full complement of glass-lined components and services.

Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Glass-lined Equipment Market

• Historical, Current and Projected Market Size in terms of Value

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Glass-lined Equipment Market Performance