Neutral Borosilicate Glass Tube Market Size, Share, Growth, And Industry Analysis, By Type (Brown Borosilicate Glass Tube and Colorless Transparent Borosilicate Glass Tube), By Application (Ampoules, Pharmaceutical Vials, Injection Bottle, Screw Bottle), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Neutral Borosilicate Glass Tube Market Report Overview

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The global neutral borosilicate glass tube market size was USD 425.7 million in 2022 and is projected to touch USD 581 million by 2031, exhibiting a CAGR of 3.5% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with the neutral borosilicate glass tube market 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.

The neutral borosilicate glass tube is a term used to describe tubes manufactured of neutral borosilicate glass that have a coefficient of mean linear thermal expansion of 5.0. It generally exhibits remarkable chemical stability and high heat resistance to thermal shock and rapid temperature changes. Pharmaceutical packaging firms often employ it as a raw material to make primary packaging products, which plays a significant role in the production procedure of pharmaceuticals parental containers.

COVID-19 Impact: Travel Bans and Lockdowns Around the Globe Affected the Global Market

Numerous countries' economies and industries have suffered because of lockdowns, travel bans, and company closures caused by the COVID-19 outbreak. As a result of the outbreak, the global food and beverage industry is one of the primary businesses experiencing severe disruptions such as supply chain disruptions, technology event cancellations, and office closures. With the presence of the largest raw material suppliers, China is the global industrial powerhouse. The overall market is breaking down due to COVID-19, which is also harming the expansion of the bacon market due to factory closures, supply chain obstacles, and a global economic slump.

Latest Trends

"Use of the Product in Parental Primary Packing to Boost Market Growth "

Borosilicate glass is utilized for parenteral primary packaging all over the world. It has a high boron oxide content (about 10%), which is related to superior hydrolytic resistance and a low coefficient of thermal expansion. The world's rapidly expanding pharmaceutical sector is driving the Borosilicate Glass Tube USP Type I Market. The usage of glass for pharmaceutical packaging products has expanded due to stricter regulations aimed at improving the quality and integrity of domestically manufactured medications.

Neutral Borosilicate Glass Tube Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into brown borosilicate glass tube and colorless transparent borosilicate glass tube.

• By Application Analysis

Based on application, the market can be divided into ampoules, pharmaceutical vials, injection bottles, and screw bottles.

Driving Factors

"Expanding Pharmaceutical Industry to Aid Market Growth"

The pharmaceutical business is expanding, aiding market growth throughout the projection period. Because of the strict restrictions, the integrity and quality of locally manufactured medications are improving, which is increasing the usage of neutral borosilicate glass for pharmaceutical packaging products. Furthermore, the need for sterile medical packaging goods in pharmaceutical sectors is increasing, which is driving the neutral borosilicate market growth during the forecast period.

"Laboratories to be a Primary Reason for The Market to Propel"

The demand for borosilicate glass tubes is increasing in tandem with the industry's rapid development, particularly in the laboratory instrument sectors. Because of its durability and resistance to chemical changes, borosilicate glass has long been employed in science labs and industrial settings, as well as for kitchenware and high-end wine glasses. Because of its superior quality, it is typically more expensive than soda-lime glass. Although borosilicate glass is more resistant to thermal shock than tempered glass, it can still break when subjected to sufficiently large temperature variations. It is also more likely to shatter than tempered glass if dropped.

Restraining Factors

"Rising Trend of Using Plastic as a Substitute to Restrict Market Growth"

The growing use of plastic in both developed and emerging countries would stymie the expansion of the Borosilicate Glass Market. Plastic equipment is less expensive than Borosilicate Glass. The growth of the Borosilicate glass market would be limited by rising demand for convenient and appealing products due to increased urbanization and industrialization, which drives the plastic sector. The strong demand for plastic instead of glass tubes in developing countries due to industrialization limits the expansion of the neutral borosilicate glass tube market growth.

Neutral Borosilicate Glass Tube Market Regional Insights

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"Asia Pacific to Holds the Largest Market Share Owing to the Country’s Aging Population "

Asia Pacific holds the largest neutral borosilicate glass tube market share owing mostly to the country's aging population. According to the Indian Express, China accounts for around half of all vaccination vials. The region is one of the world's top vial makers, and with the advent of COVID-19 vaccinations, demand for glass tubing has increased across the country. During the COVID-19 vaccine rush, many regional enterprises have focused on increasing their vial production facilities to meet domestic and global demand. The annual production capacity of some corporations has risen to tens of billions of units.

Key Industry Players

"Major Market Players to Alter Capacities to Prioritize Vaccination Vials"

Sinopharm and Sinovac Biotech have altered their capacity to prioritize vaccination vials by limiting the manufacturing of other commodities. Such initiatives have expanded demand for borosilicate glass tubing and created several opportunities for market players. The neutral borosilicate glass tube market competitors make coalitions and collaborate to get a competitive advantage. By collaborating with other companies, they intend to capitalize on complementary strengths and broaden their market reach. Companies also invest in R&D to bring new and innovative products to market. Furthermore, major corporations are exploring mergers and acquisitions to broaden their product lines and strengthen their market position.

List of Market Players Profiled

• SCHOTTAG (India)
• Corning (U.S.)
• Nipro Trading (China)
• Nippon Electric Glass (Japan)
• Junheng Hebei Pharmaceutical Glass (China)

Report Coverage

The report's devoted part presents a detailed study of the impact of COVID-19 and its succeeding variant outbreaks on demand, supply, price, vendor uptake, and recommendations for long-term outcomes. The updated study contains insights, analyses, projections, and predictions for the neutral orosilicate Glass Tube Market, considering the COVID-19 impact. The research profiles a report with extensive studies describing the firms in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.