Press release
Industrial Gases-Glass Industry Market Research, Size, Forecast to 2033: A Comprehensive Analysis
Industrial Gases-Glass Industry Market
The Business Research Company offers in-depth market insights through Industrial Gases Glass Industry Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 in the historic period can be attributed to increased glass manufacturing processes, float glass production, inert gas atmospheres, environmental and emission control, 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 growth in the forecast period can be attributed to sustainable manufacturing practices, specialty glass production, increased glass recycling, global infrastructure development, rising demand for flat glass. Major trends in the forecast period include advanced combustion technologies, cryogenic cooling solution, gas control and monitoring systems, smart technologies in gas delivery systems, collaboration with glass manufacturers.
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Market Segmentation:
The industrial gases-glass industry market covered in this report is segmented -
1) By Type: Hydrogen, Oxygen, Nitrogen, Argon, Acetylene
2) By Function: Forming and Melting, Atmospheric Control, Finishing/Polishing
3) By Transportation Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution
4) By Application: Container Glass, Float Glass, Fiber Glass, Specialty Glass
Major Driver - Rising Glass Applications In Construction Fuel Growth In Industrial Gases-Glass Market
The increasing applications of glass in the construction sector are expected to propel the growth of the industrial gases-glass market going forward. The construction sector refers to the industrial branch of manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. Glass is now being used in the construction sector as an insulation material, structural component, external glazing material, and cladding material. The transmission of up to 80% of natural light, sound insulation, and thermal insulation are the key benefits of utilizing glass in construction. For instance, in February 2023, according to the Office for National Statistics, a UK-based Government department, the yearly construction output of the UK for 2022 saw a rise of 5.6% compared to 2021. This came after an unprecedented growth of 12.8% in 2021. Therefore, the increasing applications of glass in the construction sector are driving the growth of the industrial gases-glass market.
Competitive Landscape:
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
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Top Trend - Innovative Glass Melting Device For Carbon Neutrality
Major companies in the industrial gases-glass market are focused on developing innovative glass melting devices, such as hydrogen-oxygen burners, for carbon neutrality and to maximize their profits in the market. A hydrogen-oxygen burner is a combustion device utilizing a mixture of hydrogen and oxygen for various industrial processes. For instance, 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. The 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Gases Glass Industry Market Characteristics
3. Industrial Gases Glass Industry Market Trends And Strategies
4. Industrial Gases Glass Industry Market - Macro Economic Scenario
5. Industrial Gases Glass Industry Market Size And Growth
…..
27. Industrial Gases Glass Industry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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