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City of Industry, CA -- (SBWIRE) -- 06/11/2018 -- The Glass Lined Reactor industry was 371.13 million USD in 2017 and is projected to reach 551 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 5.07% between 2017 and 2025. 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.
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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 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.
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China's Glass Lined Reactor industry has developed into a national industry with certain research and production capacity, industry product mix has gradually improved, currently China has become international Glass Lined Reactor large production country, but the production technology is relatively laggard, it can only produce some low-end product, although the new production lines is increasing, the high-end product is still relying on import.
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