Laboratory Glassware Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4209
Laboratory Glassware Market size is projected to experience significant growth from 2019 to 2025.
Increase in research activities in pharmaceutical and biotechnological institutions will spur the demand for high quality of laboratory glass-wares for obtaining appropriate results. Increasing development of new drugs coupled with routine quality assurance tests will escalate the adoption of laboratory glassware in the coming years. Quality assurance tests require high precision volumetric measurements that is offered by laboratory glassware. Hence, aforementioned factors will augment the market growth in the near future.
Growing number of academic institutions focused on research activities will stimulate global laboratory glassware business growth in the coming years. Increasing activities in academic institutions regarding practical studies and providing in-depth knowledge to students will surge the demand for laboratories glassware, thereby boosting market growth.
Moreover, increased adoption of laboratories glassware over plasticware in vigorous reactions and exothermic reactions will further assist industry growth. Corrosion resistant, pressure resistant and heat resistant properties of borosilicate glassware will increase the use of these products in the upcoming years.
Test tube segment will hold a significant revenue share over the estimated years. Wide array of application of test tubes in laboratory activities such as mixing and heating of chemicals will impact the segmental growth. Additionally, test tubes are believed to withstand high temperature and are chemical resistant. Increasing use of test tubes in academic institutions and research laboratories for daily activities will further assist the test tube market growth over the projected timeframe.
Research and academic institutes end-use segment will dominate the market in the upcoming years owing to increase in research activities. Increasing tendency of young students towards innovation in academic institutes will further escalate the demand for laboratory glassware in upcoming future. Furthermore, increasing number of pharmacy and biotechnology academic institutions will assist industry growth.
U.S. laboratory glassware market will foresee momentous expansion owing to presence of high research and development activities in the region. America is the pioneer in innovation and research investing high amount of revenue in development of novel drugs. With increase in research activities, the demand for high quality accurate glassware will increase, thereby boosting the market growth. Additionally, adoption of standard procedures in academic institutions necessitates the use of laboratory glassware for daily research activities. Aforementioned factors will further pose lucrative business growth opportunity in the foreseeable future.
India laboratory glassware market is expected to grow at a significant pace over the foreseeable future. The growth will be attributed to increasing number of academic institutions in the region. Increasing interest of students towards research will surge the demand for laboratory glassware. Furthermore, presence of high number of research laboratories and in-house hospital diagnostics coupled with large number domestic players will assist the market growth in upcoming years.
Some of the major market players involved in the global laboratory glassware market are Corning Incorporated, SciLabware Ltd., Acumen Labware, BOECO Germany among others. Companies are adopting business expansion strategies such as acquisitions and mergers to increase their product portfolio. For instance, in October 2016, DWK Life Sciences acquired Kimble Chase Life-Science and research products. The acquisition helped the company to further strengthen its market leadership in scientific glassware industry.
Laboratory Glassware Market by Product Type, 2014-2025 (USD Million)
- Measuring cylinder
- Test tubes
- Watch glasses
Laboratory Glassware Market by End-Use, 2014-2025 (USD Million)
- Research and Academic Institutes
- Hospitals and Diagnostic Centers
- Pharmaceutical and Biotechnological Industry
- Contract Research Organizations
- Food and Beverage Industry
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Paul Marienfeld GmbH & Co. KG
- Rose Scientific Ltd.
- Corning Incorporated
- SciLabware Ltd.
- Acumen Labware
- BOECO Germany
- DWK Life Sciences
- Bellco Glass
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