Key Market Insights:
Pharmaceutical borosilicate glass tubes market is slates to witness a substantial growth between 2020 and 2030.
Borosilicate glass, as the name suggests, is s kind of glass embedded with boron trioxide and silica. The basic function of boric oxide is that of rendering resistance against extreme temperatures and chemical corrosion. This glass gets processed through advanced production technology. As such, glass is heated so as to make it melt. Hollow pieces are made out of borosilicate glass to table borosilicate glass tubes.
Market Trends:
The pharmaceutical borosilicate glass tubes market has been keeping the cash registers ringing in wake of extensive demand for syringes all across. As per the European Monitoring Centre for Drugs and Drug Addiction (2019 report), the number of syringes distributed in Sweden alone were 517,381.
Also, the WHO has stated that close to 422 Mn people around the world are diabetic. This increase in number is likely to drive the usage of penicillin, which would catalyse the growth. The US is a major revenue generator. This could be credited to the data given by STST that spending on prescription drugs is likely to add up to US$ 600 Bn by the year 2023.
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Drivers:
Covid-19 situation is such that it has escalated the demand for pharmaceutical borosilicate glass tubes. Though the players are facing challenges with regards to the same, some players have come up with emergency measures as well. For instance – Corning has started supplying the glass tubing products for diagnostic test kits to the vials for conducting clinical trials of vaccines. Also, corning valor glass packaging is being made available for making up for the gap for drug shortages that are in store.
By product, the global pharmaceutical borosilicate glass tube market spans alkaline borosilicate glass tube and neutral borosilicate glass tube. By application/end-user, the market says ampoules, syringes, infusion bottles, and others.
Regional Analysis:
The Asia-Pacific contributes for maximum market share. It is primarily attributed to the growing geriatric population in economies like China. As per the National Bureau of Statistics of China, export value pertaining to glass products all across China was close to US$ 6.6 Bn in the year 2018.
Addressing the demand mentioned above, Scott AG came up with a sumptuous plant regarding high-quality pharmaceutical glass tubing in the year 2019 in China. The plant has started with producing FIOLAX borosilicate glass tubing that happens to be base material regarding pharmaceutical packaging like ampoules, vials, cartridges, and syringes. Also, the fact that Covid-19 vaccine projects do rely on this packaging can’t be ruled out.
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Additionally, as per the IBEF (India Brand Equity Foundation), the export value of pharmaceutical industry as of the year 2019 was US$ 19.1 Bn. Also, pharmaceutical packaging accounts for close to 4% of the total packaging industry (as per the same IBEF).
Coming to India, Vemula glassworks from SGD Pharma are churning out 4000 tons of ampoules and vials every year.
The pharmaceutical market in Japan is also slated to grow in the upcoming period. For instance – Arglass Yamamura LLC, in the year 2019 came up in the form of a joint venture between Japan-based glass manufacturer and New York-based investment firm for building a novel plant in South Georgia with the objective to hire 150 people.
The Asia-Pacific contributes for maximum market share. It is primarily attributed to the growing geriatric population in economies like China. As per the National Bureau of Statistics of China, export value pertaining to glass products all across China was close to US$ 6.6 Bn in the year 2018.
Addressing the demand mentioned above, Scott AG came up with a sumptuous plant regarding high-quality pharmaceutical glass tubing in the year 2019 in China. The plant has started with producing FIOLAX borosilicate glass tubing that happens to be base material regarding pharmaceutical packaging like ampoules, vials, cartridges, and syringes. Also, the fact that Covid-19 vaccine projects do rely on this packaging can’t be ruled out.
Additionally, as per the IBEF (India Brand Equity Foundation), the export value of pharmaceutical industry as of the year 2019 was US$ 19.1 Bn. Also, pharmaceutical packaging accounts for close to 4% of the total packaging industry (as per the same IBEF).
Coming to India, Vemula glassworks from SGD Pharma are churning out 4000 tons of ampoules and vials every year.
The pharmaceutical market in Japan is also slated to grow in the upcoming period. For instance – Arglass Yamamura LLC, in the year 2019 came up in the form of a joint venture between Japan-based glass manufacturer and New York-based investment firm for building a novel plant in South Georgia with the objective to hire 150 people.
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Key Players:
The key players in the pharmaceutical borosilicate glass tubes market include NEG, Corning, Schott, Kavalier, Duran, De Dietrich, Hilgenberg GmbH, Asahi Glass, Linuo, Yaohui Group, Micoe, Haoji, Tianyuan Yuanshen Group, and Four Stars Glass. As far as expansion is concerned, Corning, Inc., in Apr 2020, did extend its support to China for helping in mitigation of Covid-19 impact by giving out type I borosilicate glass tubing. This tubing is converting into 10 Mn or 5 Mn ampoules as well as vials to be supplied to China-based pharmaceutical companies to enable parenteral packaging of the drug therapies.
Piramal Glass Ltd., in Feb 2020, did announce an investment of US$ 42 Mn in its greenfield project based in Jambusar (Gujarat, India). The plan is inclusive of a new-fangled furnace along with 7 novel manufacturing lines all across 300,000 sq. ft. This does cater to high-end specialty spirit, pharmaceutical, and food & beverage verticals – especially for exports to the US, Europe, and the Asia-Pacific.
List Of Key Companies Profied:
- NEG
- Corning
- Schott
- Kavalier
- Duran
- De Dietrich
- Hilgenberg GmbH
- Asahi Glass
- Linuo
- Yaohui Group
- Micoe
- Haoji
- Tianyuan Yuanshen Group
- Four Stars Glass.
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5.0 Borosilicate Glass Tubes market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global 5.0 Borosilicate Glass Tubes market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the 5.0 Borosilicate Glass Tubes market is segmented into:Brown Borosilicate Glass TubesAmber Borosilicate Glass TubesDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/58942/global-china-borosilicate-glass-tubes-2026-88Segment by Application, the 5.0 Borosilicate Glass Tubes market is segmented into:AmpoulesVialsSyringesOthersRegional and Country-level Analysis:The 5.0 Borosilicate Glass Tubes market is analysed and market size information is provided by regions (countries).The key regions covered in the 5.0 Borosilicate Glass Tubes market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and 5.0 Borosilicate Glass Tubes Market Share Analysis:5.0 Borosilicate Glass Tubes market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
