PUBLISHER: The Business Research Company | PRODUCT CODE: 1436391
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436391
The industrial gases-glass market involves industrial gases produced and supplied in both gas and liquid forms, transported to customers in cylinders, bulk liquid, or pipeline gases. Industrial gases play a crucial role in helping manufacturers achieve cost savings, enhance production processes, comply with strict emissions regulations, and improve glass quality in various industrial manufacturing processes.
The primary types of industrial gases used in the glass industry are hydrogen, oxygen, nitrogen, argon, and acetylene. Hydrogen serves functions such as forming and melting, atmospheric control, and finishing or polishing in applications such as container glass, float glass, fiberglass, and specialty glass. Transportation modes include cylinder and packaged gas distribution, merchant liquid distribution, and tonnage distribution.
The industrial gases-glass market research report is one of a series of new reports from The Business Research Company that provides industrial gases-glass market statistics, including global industrial gases-glass industry size, regional shares, competitors with market share, detailed industrial gases-glass market segments, market trends and opportunities, and any further data you may need to thrive in the industrial gases-glass industry. This industrial gases-glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial gases-glass industry market size has grown strongly in recent years. It will grow from $3.83 billion in 2023 to $4.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth during the historical period can be attributed to the increased processes in glass manufacturing, production of float glass, utilization of inert gas atmospheres, emphasis on environmental and emission control, and improvements in melting furnace efficiency.
The industrial gases-glass industry market size is expected to see strong growth in the next few years. It will grow to $5.99 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be attributed to sustainable manufacturing practices, the production of specialty glass, an increase in glass recycling, global infrastructure development, and a rising demand for flat glass. Key trends in the forecast period encompass advanced combustion technologies, cryogenic cooling solutions, gas control and monitoring systems, and the integration of smart technologies in gas delivery systems, along with collaborations with glass manufacturers.
The industrial gases-glass market is expected to grow due to the increasing applications of glass in the construction sector. Glass is now used in construction for insulation, structural components, external glazing, and cladding, offering benefits such as natural light transmission, sound insulation, and thermal insulation. For instance, the UK's yearly construction output for 2022 saw a 5.6% rise compared to 2021, according to the Office for National Statistics. This followed an unprecedented growth of 12.8% in 2021. Consequently, the increasing use of glass in the construction sector is driving the growth of the industrial gases-glass market.
The industrial gases-glass market is anticipated to be fueled by the growing automotive industry. The automotive industry involves the design, manufacturing, and sale of motor vehicles. Industrial gases-glass are used for producing high-quality glass components in vehicles, providing strength and preventing shattering during accidents. In August 2021, MarkLines reported a 4.7% increase in U.S. new vehicle sales in July 2021 compared to July 2020. Hence, the growing automotive industry is driving the industrial gases-glass market.
Technological advancement is gaining traction in the industrial gases-glass market. Major players in this market are concentrating their efforts on creating advanced technologies, such as climate-friendly glass production using hydrogen. In May 2022, the US-based glass manufacturer SCHOTT developed glass production methods based on hydrogen combustion and green electricity, emphasizing the use of renewable energy-derived electricity.
Major companies in the industrial gases-glass market are concentrating on developing innovative glass melting devices, such as hydrogen-oxygen burners, for carbon neutrality and to maximize profits in the market. A hydrogen-oxygen burner is a combustion device utilizing a mixture of hydrogen and oxygen for various industrial processes. In February 2023, Taiyo Nippon Sanso Corporation (TNSC), a Japan-based industrial gas manufacturer, successfully demonstrated glass melting using a hydrogen-oxygen burner jointly developed with Nippon Electric Glass. This burner allows flexible adjustment of natural gas and hydrogen ratios, maintaining consistent melting capabilities while reducing CO2 emissions. This technology aims to achieve carbon neutrality by enhancing energy efficiency and decreasing fuel consumption in industrial furnaces.
In August 2021, AW India, an India-based company, acquired Linde India's South Region Divestment Business for an undisclosed amount. This acquisition positions AW India to expand its overseas business in India, taking over Linde India's operations in the manufacture, sale, and distribution of oxygen, nitrogen, and argon in South India.
Major companies operating in the industrial gases-glass industry market report are Saint-Gobain, The Linde Group, Linde Gas Korea Ltd., Air Liquide SA, Air Products and Chemicals Inc., Showa Denko K.K., Osaka Sanso Co. Ltd., Air Water Inc., Tokai Gas Co. Ltd., CRYOTECH Anlagenbau GMBH, Messer Group GmbH, AMCS Corporation, Matheson Tri-Gas Inc., SOL Group (South Korea), Gulf Cryo Industrial Gases LLC, Welsco Inc., Airgas Inc., HoSt Holding B.V., HyGear Technology, IGC India Ltd., Iwatani Corporation, Kyushu Air Gas Co. Ltd., Nippon Gases Korea Co. Ltd., Praxair Services Inc., SIG Gases Berhad, Taiwan Airgas Co. Ltd., Woomjin Precision Gas Co. Ltd., Yingde Gases Group Company Limited
North America was the largest region in the industrial gases-glass market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gases-glass industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial gases-glass industry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial gases-glass market consists of sales of gases and liquids. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Gases-Glass Industry Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial gases-glass industry market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial gases-glass industry ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial gases-glass industry market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.