Borosilicate Glass Tubes Market Report Overview
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The global borosilicate glass tubes market size was USD 1388.2 million in 2021 and is expected to reach USD 1827.11 million in 2031, exhibiting a CAGR of 3.1% during the forecast period.
A borosilicate glass variety with improved mechanical strength and thermal shock resistance is borosilicate glass tubes. They have several uses, including chemical pipes, solar energy systems, lab equipment, and heat glasses. The most popular form of borosilicate glass tubes is used to make tubes. They occur in a variety of forms, dimensions, and hues. These have great heat resistance qualities, making them useful for insulation as well. In addition to having a higher mechanical strength than regular soda-lime glasses, borosilicate glass tubes are well known for having low coefficients of expansion, good chemical resistance to acids and alkalis, and significant damage tolerance under stressful circumstances like rapid heating or cooling cycles.
The heat resistance and durability of borosilicate glass tubes are well recognized. The product has a very low coefficient of thermal expansion, making it resistant to thermal shock and unbreakable in the face of sudden temperature fluctuations. It is ideal for use in cookware, drinking glasses, and other items because it is lead- and BPA-free. Glass made of borosilicate is well suited for usage in a variety of applications.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with borosilicate glass tubes experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Every industry throughout the world has suffered as a result of the COVID-19 outbreak. However, during the pandemic period, there has been a significant increase in the demand for chemicals and related materials. Healthcare and institutional cleaning services are significantly reducing the ongoing demand for chemicals. The chemical and material sectors are anticipated to acquire greater traction throughout the projected period as a result of rising demand from various end-use sectors, as 96% of produced goods are linked to the chemical industry. The temporary pause in many industries' production processes, however, is resulting in a drop in demand for chemicals and materials across a range of end-use industries. Additionally, the disruption of the distribution network and supply chain is posing a significant barrier to the expansion of the global Borosilicate Glass Tubes market growth.
LATEST TRENDS
"Rising Use of Borosilicate Glass Tubes Products to Boost Market Growth"
Due to advantages like low thermal expansion coefficient, high thermal resistance, resistance to corrosion, strong mechanical strength, and low gas melting temperature, borosilicate glass tubes are gaining popularity quickly which has helped the borosilicate glass tubes market grow significantly globally. The global borosilicate glass tubes market is being driven by factors like the rising trend of using borosilicate glass tube products, the significant expansion of operations and machinery, the rising demand for environmentally friendly products, the rising urban trend, and the rising number of solar power projects. More widespread usage is encouraged by benefits such as physical toughness, reduced susceptibility to chemical attack, and a wider range of thermal strain, and corrosion-resistant membrane.
Borosilicate Glass Tubes Market Segmentation
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- By Type Analysis
As per the type, the market is classified as follows: Medium Borosilicate Glass Tubes and High Borosilicate Glass Tubes. The most popular forms of borosilicate glass tubes are medium-sized tubes.
- By Application Analysis
Based on application, the market is segmented as follows: Solar Energy Tubes, Laboratory Apparatus, Heat Glassware, Chemical Tubes, Pharmaceutical Packaging, and Others. The primary application for borosilicate glass tubes market share is in the solar industry, which is anticipated to grow at the fastest rate due to an increase in solar power projects, particularly in developing nations like China and India.
DRIVING FACTORS
"Solar Glass Segment to Facilitate Market Development"
The production of solar energy and the rising usage of borosilicate glass due to its improved thermal, mechanical, and optical qualities are the main factors driving the growth of this market. The market is still expanding due to rising infrastructure expenditures on solar power and advancements in nations like China and India. Similar requirements apply to the glass used in solar cells, and these are satisfied by using specialized borosilicate glasses. The durability and simplicity of formability of borosilicate glass are essential for solar collector tubes used in water heating. Projects to generate solar power use a lot of tubes made of borosilicate to collect radiation from mirrors, especially in areas with higher temperatures. Collaborations in research and associated activities should present prospective growth prospects for market expansion.
"Development in Medical and Healthcare Sectors to Promote Industry Progress"
The borosilicate glass tubes are widely used in the production of implantable medical devices as well as other medical products including prosthetic eyes, test tubes, rods, ampoules, graduated cylinder beakers, stopper attachments, bone cement, pipettes, etc. The expansion of the borosilicate glass tubes market would be positively impacted by developments in the medical and healthcare sectors. The demand for borosilicate glass is quite high in the semiconductor and electrical industries. Globally rising disposable incomes and rising electronic device consumption would boost market share during the analyzed period. Price trends will also be influenced by the expanding use of borosilicate glass in cookware and home appliances.
RESTRAINING FACTORS
"The High Cost of the Product to Hinder Market Growth"
An oxygen torch is required when making borosilicate glass tubes. The high price of oxygen gas and restrictions on the use of oxygen cylinders are two factors limiting the growth of the borosilicate glass tubes market. Glassware can be replaced on the market by inexpensive, low-quality plastic and ceramic items, which has a constraining effect on the growth of the glassware sector. Intense competition brought on by rising demand for plastic and ceramic products will cause demand for glasses to fall. The availability of less expensive alternatives such as tempered soda-lime glass and high-quality polymers, as well as the high energy costs and costs associated with manufacturing borosilicate glass tubes, may limit the borosilicate glass tubes market expansion.
Borosilicate Glass Tubes Market Regional Insights
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"Increase in Demand to Propel Market Progress in Asia Pacific"
With a significant revenue share, the Asia Pacific region leads the world market. Increasing levels of foreign direct investment are anticipated in Asia during the projection period. Due to the rise of the automotive and healthcare sectors as well as the significant demand from Asian nations for heat-resistant glass panels, the area is predicted to have the highest growth. Because of the region's quick population growth, urbanization, and rising disposable income, consumer and home appliance demand has increased. Furthermore, the region's borosilicate glass tube sector has been reinforced by the growth of electronics and semiconductors. Additionally, government programs to build solar power facilities in nations like China and India have facilitated industry growth. Asia is anticipated to be a prominent borosilicate glass tubes market because of the aforementioned characteristics.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Schott (Germany)
- Corning (U.S.)
- Kavalier (Czech Republic)
- Duran (Germany)
- De Dietrich (France)
- NEG (U.K)
- Hilgenberg GmbH (Germany)
- JSG (India)
- Borosil (India)
- Northstar Glassworks (U.S.)
- Asahi Glass (India)
- Linuo (China)
- Yaohui Group (China)
- Micoe (China)
- Tianxu (China)
- Haoji (U.S.)
- Sichuang Shubo (China)
- Tianyuan (China)
- Aijia Glass (China)
- Yao Guo (China)
- Yuanshen Group (U.S.)
- Four Stars Glass (China)
- Yong Xing (China)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1388.2 Million in 2021 |
Market Size Value By |
US$ 1827.11 Million by 2031 |
Growth Rate |
CAGR of 3.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the borosilicate glass tubes market expected to touch by 2031?
Based on our research, the borosilicate glass tubes market is projected to touch USD 1827.11 million by 2031.
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What CAGR is the Borosilicate Glass Tubes market expected to exhibit by 2031?
The Borosilicate Glass Tubes market is expected to exhibit a CAGR of 3.1 % by 2031.
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Which are the driving factors of the Borosilicate Glass Tubes market?
The solar glass segment and development in medical and healthcare sectors are the driving factors of the Borosilicate Glass Tubes market.
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Which are the top companies operating in the Borosilicate Glass Tubes market?
Schott, Corning, Kavalier, Duran, De Dietrich, NEG, Hilgenberg GmbH, JSG, Borosil, Northstar Glassworks, Asahi Glass, Linuo, Yaohui Group, Micoe, Tianxu, Haoji, Sichuang Shubo, Tianyuan, Aijia Glass, Yao Guo, Yuanshen Group, Four Stars Glass, and Yong Xing are the top companies operating in the Borosilicate Glass Tubes market.