Glass Reactors Market Projected to Grow at a CAGR of 5.6% by 2031

As per newly released data by Future Market Insights (FMI), the glass reactor market is expected to register year-on-year (YoY) growth of 4.6% in 2021, registering sales of 400 thousand units. The single jacketed glass reactors segment will grow 4.3% in 2021 to reach 286 thousand units, while the double jacketed glass reactors segment demand will be up 4.4%, reaching 112 thousand units. Extensive applications in chemical and pharmaceutical processing will contribute to the growth of the market through 2031.

The proliferation of pilot plants to test and evaluate manufacturing technologies before to commercialization, claims Future Market Insights, has increased demand for glass reactors. Due to the Covid-19 epidemic, the market for glass reactors saw a mild fall in sales volume in FY2020.

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Demand from end-use industries including petrochemicals, research institutes, and others have waned. However, parts of the chemical and pharmaceutical sectors were unaffected due to demand generated from Covid-19 precautionary measures.

Single jacketed glass reactor demand has been rising over time. Single jacketed glass reactors have a significant market share in the global glass reactors market, which can be ascribed to increased applications in the chemical and pharmaceutical industries.

The growing requirement for pilot plants due to the increasing adoption of new and advanced technologies coupled with Industry 4.0 norms, support the yield of glass reactors through the forecast period.

An increasing number of players are focusing on research and development related to glass reactors and are anticipated to contribute towards market growth in the years to come.

"The glass reactors market is growing at a strong pace, driven largely by investments in research and development (R&D) activities for the expansion of chemical and petrochemical projects. This will create extensive opportunities for manufacturers through 2031. Industry participants are investing in expansions, strategic alliances, and cost-effective solutions to gain a competitive advantage," says a Future Market Insights analyst.

Key Takeaways from Glass Reactors Market Study

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Competitive Landscape

Companies operating in the glass reactors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product portfolio and capacity, addressing the demand of an expanding consumer pool.• For instance, in April 2019, Pfaudler Group acquired the Industrial Mixing Solutions Division (IMSD, www.sudarshan-imsd.com) of Sudarshan Chemical Industries Ltd., Pune.Manufacturers are also focusing on the expansion of manufacturing facilities globally to maintain their global presence.• In December 2019, Büchi AG. laid the foundation stone for the expansion project in Kaliningrad, Russia. The new facility enabled the company to increase its footprint in Europe, expand sales into Eastern Europe, and better address its customers’ needs by producing more products and services.

Some of the prominent players operating in the Global Glass Reactors Market profiled by FMI are:

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The research report analyzes the demand for glass reactors. The global glass reactors market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on

By Capacity:

By Design:

By Application:

By End Use:

By Region:

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