Pharmaceutical Borosilicate Glass Tubes Market By Product Type, By Application, By Region Analysis & Forecast 2018-2023
The global pharmaceutical borosilicate glass tubes industry market is set to witness a higher CAGR in the forthcoming period. Report covers Pharmaceutical Borosilicate Glass Tubes Market By Product Type, By Application, By Region Analysis & Forecast 2018-2023.
Dallas, United States – June 22, 2018 /MarketersMedia/ —
The global pharmaceutical borosilicate glass tubes industry market is set to witness a higher CAGR in the forthcoming period. Glass is mainly used for pharmaceutical storage such as vials and prefilled syringes due to its chemical resistance and physical properties robust by nature. Further, there have been various stances for a wide array of pharmaceutical drugs for medical care. Borosilicate glass is normally used for pharmaceutical containers that generally offers superior qualities with minimal alkaline solution. Using a borosilicate glass for pharmaceutical characterizes enhanced hydrolytic resistance, free from halogen and does not comprise toxic materials such as arsenic. Borosilicate glasses are most commonly used for parenteral containers with the properties such as depyrogenation, lyophilisation and terminal sterilization.
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In The News:
North America market is expected to dominate in the pharmaceutical parenteral containers due to rise in pharmaceutical industries and preference for borosilicate glass tubing. In a recent news, Schott AG has developed a concept called perfeXion, which enables 100% zero defect glass tubing along with big data approach.
Market Drivers and Restraints:
Pharmaceutical borosilicate glass tubes industry market is driven by factors such as increasing demand from clinics for ampoules, syringes and vials. Features such as durability, toughness and ruggedness add to the demand for borosilicate glass tubes for clinical use. Also, manufacture of pharmaceutical bottles using borosilicate glass that enables storage for drug products and offers chemical resistance. In addition, demand from pharmaceutical packaging drives the market growth. However, preference for plastic materials due to their cheap form and easy availability and stringent norms and regulations for new market entrants is likely to disturb the market for borosilicate glass tubes industry market.
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Material segmentation for pharmaceutical borosilicate glass tubes industry market include
• Borosilicate Neutral Glass
• Surface Treated Borosilicate Glass
• Soda Lime Glass
Type segmentation for pharmaceutical borosilicate glass tubes industry market include,
• Alkaline
• High-Borate
• Non-Alkaline
Application segmentation for pharmaceutical borosilicate glass tubes industry market include,
• Laboratory Apparatus
• Chemical Tubes
• Heat Glassware
• Pharmaceutical Packaging
End-Use segmentation for pharmaceutical borosilicate glass tubes industry market include
• Ampoules
• Bottles
• Vials
• Syringes
• Cartridges
Geographical segmentation for pharmaceutical borosilicate glass tubes industry market include,
• North America
• SouthEast Asia
• Europe
• China
• Japan
• India
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Prominent players in the pharmaceutical borosilicate glass tubes industry market include,
• Accu-Glass LLC.
• Schott AG
• Nipro Pharma Corporation
• Corning Incorporated
• Nippon Electric Glass Co., Ltd.
• Richland Glass Co., Inc.,
• Cang Zhou Four-star Glass Co.,Ltd.,
• LINUO Group
• DWK Life Sciences GmbH
• Puyang New Harmony Industrial Development Co., LTD,
• Shandong Pharmaceutical Glass Co, Ltd.
You will find following details in this report:
In the Global Pharmaceutical Borosilicate Glass Tubes Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.
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