Global laboratory plasticware & glassware market to reach $4.1 billion

Tag : Laboratory Glassware

Low maintenance cost, ease of handling, safety, and increasingR&D efforts are some of the prime factors expected to drive theplastic laboratory products market in future. The market forlaboratory plasticware & glassware is projected to reach $4.1billion by the year 2010, growing at a compounded annual rate of4.02% over the period 2000 through 2010.
San Jose, California (PRWEB) April 28, 2008 -- Traditionally, glasshas been the key material for majority of laboratory ware due toits extensive thermal and chemical resistance. However, over theyears plastic has slowly but steadily made way into the laboratorysettings due to a number of advantages. Primary among them is thesafety from breakage while handling hazardous chemicals,radioactive substances, and carcinogens. Moreover, with theincreasing use of hazardous materials in laboratories, leak proofplastic containers are widely considered to be the best storageproducts. The plastics industry is currently seeking new injectionmolding process innovations that can cut fabrication costs andimprove product quality. Additionally, laboratory plasticwares arealso very cheap and can be easily shaped into different forms.
United States is the largest laboratory glassware and plasticware market in the world and is projected to cross $1.7 billion by the year2015. Laboratory glassware market in Asia-Pacific is forecast to grow at the fastest CAGR of 5.48%over the years 2011 through 2015. As stated by Global IndustryAnalysts Inc., use of Laboratory Glassware and Plasticware in Biotech/Life Science Research Applications in Europe is forecast to reach $542.54 million by the year 2012.In the biochemical science field, microwaves are being used tosterilize laboratory plastic and glassware. Glass equipmentmanufacturers usually prefer molding technique for making bottlesthat require a variety of shapes and sizes. The press-and-blowprocessing method has been a growing technique used in the moldingof threaded glass bottles. The emerging subcontracting laboratoriesmarket is expected to grow at a rapid pace. This is due to the factthat several companies that are in the process of reducing costsare finding it more cost efficient to subcontract some of theirresearch and quality control activities.