Published on : Mar 03, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Glass Lined Reactor Market Insights, Forecast to 2025”. The report on the global glass lined reactor market is a comprehensive assessment of key growth dynamics, trends and opportunities in various application segments, and the size of the key regional markets. The study makes an in-depth analysis of the prevailing competitive landscape and the strategies that might change the game for established players. Further, the study strives to give a clear view of the degree of competition during the period of 2019 – 2025 and the barriers of entry faced by new players currently in emerging and developed markets.
Key regions for the growth of the glass lined reactor market comprise Central and South America, Asia Pacific, Europe, the Middle East and Africa, and North America.
A major part of the revenue in the global glass lined reactor market comes from demands in three industries, namely, pharmaceutical, petrochemical, and food. Growing downstream consumption in developed regions, notably BRICS, has helped in augmenting the size of the market. The global market is expected to clock a promising 5.1% CAGR during 2019 – 2025 to reach US$550 million by the end of 2025.
Glass lines reactors combine the strength of steel and the anti-corrosion characteristic of glass material. Thus, growing adoption of high-temperature materials in making of reactors has bolstered the prospect of the glass lined reactor market. Strides being witnessed by fine chemical industry in several emerging economies of the world are bolstering revenue generation.
The competitive landscape in the glass lined reactor market is dominated by just three players: De Dietrich Process Systems, Zibo Taiji Glass Lined Equipment, and Paddler. These leading players accounted for a share of more than 50% in 2017. With a spate of new project investment in the pipeline, several small players may exercise, albeit insignificant, impact on the evolving competitive dynamic in the next few years. The status quo is thus likely to remain unchanged during the assessment period.
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Regions and countries with the presence of large enterprises such as in numerous industrialized nations are key revenue generators to the glass lined reactor market. The adoption of technologically advanced reactor equipment is catalyzing growth in these nations. Most prominently, market players are seeing copious revenue streams in China and in various parts of Europe. These markets are seeing a slew of investments targeted toward strengthening capacity of chemical manufacturing. Moreover, rise in research funding in the pharmaceutical industry in several of these markets is likely to play a crucial role in deciding the overall size of the market.
China, however, has proved to be different market altogether. Its emergence is propelled by the low cost of production of these reactors and their extensive utilization in the end-use industries including chemical industry. In the coming years, the country is likely to offer stiff competition to numerous established markets across the globe.
A partial list of well-entrenched players around the world are Zibo Zhongsheng Machinery, THALETEC, Huanghe Chemical Equipment, Jiangsu Yangyang Chemical Equipments Manufacture, BuchiGlas India Pvt. Ltd., 3V Tech S.p.A, and Swiss Glascoat Equipments Ltd.
New entrants are facing substantial entry barriers, thus limiting their entry. The key barriers are high cost of product development, large working capital requirements, and stringent regulatory framework. Further, small players also face difficulty in gaining access to intellectual property rights. Further, the unfair level of competition in emerging markets have also hampered their prospect in the global glass lined reactor market.