Global Glass Lined Reactor market will reach 550 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/23

Glass lined reactor is kind of pressure vessel which combine the inside glass coating with the outside steel structure into one body. Glass coating is fused onto the surface of steel plate at high temperature, which have the advantages anti-corrosion for glass and strength for the steel plate.

The market is driven by various end-user industries, such as Pharmaceutical, Petrochemical, Food industries and so on. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas'company prefers investing to underdevelopment regions these years.

The key players are Pfaudler, Zibo Taiji Glass Lined Equipment, De Dietrich Process Systems, Swiss Glascoat Equipments Ltd (SGEL), 3V Tech S.p.A, Buchiglas, Jiangsu Liyang Yunlong Equipment Manufacting, Jiangsu Yangyang Chemical Equipments Manufacture, Huanghe Chemical Equipment, Jiangsu Gongtang Chemical Equipments, THALETEC, Zibo Zhongsheng Machinery and so on. Currently the global top three external sale manufacturers are: Pfaudler, Zibo Taiji Glass Lined Equipment and De Dietrich Process Systems , their revenue market share is over about 52% in 2017, although a batch of new projects are put into production in recent years, in short future, the competition pattern will not change.

At present, in the foreign industrial developed countries the Glass Lined Reactor industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in China and Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But foreign companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost has competitive disadvantage, as the Chinese Glass Lined Reactor production technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase.

Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.

The Glass Lined Reactor market was valued at 370 Million US$ in 2017 and is projected to reach 550 Million US$ by 2025, at a CAGR of 5.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Glass Lined Reactor.

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