Advancing Chemical Process Engineering

The global glass reactor market is expected to develop at a CAGR of 5.6% from 2021 to 2031, with sales of 400 thousand units. Despite the challenges posed by the COVID-19 outbreak, the market grew by 4.6% year on year in 2021.

The growth of the chemical and industrial industries is driving up demand for glass reactors. Glass reactor sales will surge, especially among pharmaceutical industries looking to integrate futuristic medical treatments. This, in turn, will increase market investment opportunities.

Among various capacities, 30-60 liters glass reactors are gaining traction as cost effective solutions across industries. Similarly, the demand for single-jacketed glass reactors is increasing steadily. This can be attributed to increasing applications in the chemical and pharmaceutical industries. As per FMI, single jacketed glass reactors will account for over 70% of the market share in 20201.

In the forthcoming years, the market will witness increasing investment in research and development activities as manufacturers are keen to adopt decarbonization technologies. Some of the leading players are therefore joining the bandwagon and focusing on introducing innovations to expand their product portfolio.

Besides these, the demand for pilot plants is on a rise, which will offer a conducive environment for growth. FMI has estimated that pilot plants segment will account for over 40% of global sales.

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Regionally, North America will emerge as a highly lucrative market. Demand outlook for the U.S. remains positive due to the presence of a robust healthcare sector and high degree of medical care awareness. According to the study, the U.S. market for glass reactors is expected to total US$ 326.5 Million by the end of 2031.

"Increasing investment in research and development activities coupled with expansion of chemical and petrochemical industries is driving the glass reactors market. Apart from this, leading market players are investing in strategic acquisitions and partnerships. This in turn will continue offering lucrative opportunities for growth of the market," said a FMI analyst.

Key Takeaways from Glass Reactor Market Survey

Key Drivers

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Competitive Landscape

Glass reactors manufacturers are focusing on acquisitions, partnerships and business expansion strategies to gain a strong foothold in the market.

For instance, in 2019, GMM Pfaudler announced the acquisition of Industrial Mixing Solutions for 29 crores. This acquisition will help help Pfaudler to improve its industrial mixing business vertical by ushering new product, technologies among others.

In 2019, Büchi AG. laid the premise for the expansion project in Kaliningrad, Russia. The new facility allowed the company to expand its footprint in Europe along with inflated sales into Eastern Europe.

Some of the leading players operating in the glass reactor market profiled by FMI are:

More Valuable Insights on Glass Reactors Market

FMI in its new report offers an unbiased analysis of the global glass reactor market, analyzing forecast statistics through 2021 and beyond. Glass reactors market survey also reveals growth projections with detailed segmentation:

By Capacity:

By Design:

By Application:

By End Use:

By Region:

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Key Questions Covered in the Glass Reactor Market Report

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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