Laboratory Glassware and Plasticware: A Global Strategic Business Report
San Jose, California (PRWEB) April 04, 2014
Follow us on LinkedIn – The labware market has evolved significantly over the years in terms of material science and design, with the mainstream development being the transition from glass to plastics. Plastic possess a number of advantages, the primary being its unbreakable characteristic which makes handling hazardous chemicals, radioactive substances, and carcinogens safe and secure. Unbreakable plasticware prevents damages and potential injuries to laboratory personnel in case of accidents. While the inherent properties of plastics including its environmental friendly attribute have made it the material of choice for labware, glass continues to be widely used in applications where data integrity and ultrapure environment is critically important. However, with advancements in resin formulations, plastics are gradually addressing some of the drawbacks, including concerns over chemical contamination, and sample wastage due to compromised data quality.
Given its primary application in research and development activity, the labware market is shielded from market fluctuations as long as the government continues spending on education and healthcare. Funding therefore plays an important role in sustaining growth in the market. The last few years proved to be a tough challenge for the research industry, as the economic recession, sluggish recovery, and the Eurozone debt crisis led to funding cuts and constrained spending by laboratories. Though the economy eased up in 2013, investor sentiment remained subdued owing to the continued economic uncertainty and challenges particularly with regard to raising funds and improving efficiency.
As stated by the new market research report on Laboratory Glassware and Plasticware, the United States represents the single largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 3% over the analysis period. With countries such as China, India, and Singapore emphasizing on research and development activity to boost economic growth, there has been strong focus on research programs in recent years.
Plasticware represents both the largest and fastest growing product segment in the global laboratory ware market. Traditionally, glass has been the key material for majority of laboratory ware due to its high thermal and chemical resistance properties and superior optical clarity. However, spending on glassware among laboratories has been witnessing a gradual decline over the past few years, as a result of increased substitution by plastics.
Biotech/Life Science Research represents the largest end-use segment for laboratory glassware and plasticware, with R&D spending in the life sciences industry primarily led by the biopharmaceutical sector. The trend is likely to continue over the next few years primarily due to rising living standards and improving healthcare access in emerging countries. Environmental testing represents the fastest growing end-use sector, with government and environment protection agencies formulating safety legislations which obligate compliance among all players across the value chain.
Major players covered in the report include Bellco Glass, Inc., Eppendorf AG, Duran Group GmbH, Gerresheimer AG, Kimble Chase Life Science and Research Products LLC, Mettler-Toledo International Inc., Thermo Fisher Scientifi, Inc., and Wheaton Science Products, among others.
The research report titled "Laboratory Glassware and Plasticware: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Product groups and segments analyzed in the report include Laboratory Glassware (Beakers, Bottles, Burettes, Flasks, Funnels, Measuring Cylinders, Pipette & Pipette Tips, Slides, Stirring Rods, Test Tubes, Tubings, Vials, and Other Laboratory Glassware) and Laboratory Plasticware (Beakers, Bottles, Flasks, Funnels, Pipette & Pipette Tips, Racks, Test Tubes, Tubings, Vials, and Other Laboratory Plasticware). The report also analyzes the market by the following end-use segments - Biotech/Life Science Research, Chemical/Petrochemical, Clinical, Engineering, Environmental, Food Processing & Testing, Material Testing, and Metal Processing.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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