Press release
Industrial Gases-Glass Industry Market: Soaring to $6.64 Billion by 2029, Driven by Increased Glass Recycling and Demand for Flat Glass
Industrial Gases-Glass Industry Market Size
What Is The Projected Market Size Of The Global Industrial Gases-Glass Industry Market And Its Growth Rate?
The industrial gases-glass industry market is experiencing progressive growth.
•Market Size in 2024: $4.17 billion
•Market Size in 2025: $4.55 billion (9.3% CAGR)
•Market Size in 2029: $6.64 billion (9.9% CAGR)
This significant growth can be attributed to factors like increased glass manufacturing processes, float glass production, and increased energy efficiency in melting furnaces.
What Is Driving The Growth In The Industrial Gases-Glass Industry Market?
The growth in the industrial gases-glass industry market is primarily driven by the increasing applications of glass in the construction sector. Glass is increasingly being used as an insulation material, structural component, external glazing material, and cladding material in the construction industry. The transmission of up to 80% of natural light, sound insulation, and thermal insulation are the key benefits of utilizing glass in construction. As an example, according to the Office for National Statistics, the yearly construction output of the UK for 2022 saw a rise of 5.6% compared to 2021, following 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.
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Who Are the Key Players Driving Industrial Gases-Glass Industry Market Growth?
The following companies are major players operating in the industrial gases-glass industry market:
•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.
What Are The Key Trends In The Industrial Gases-Glass Industry Market?
Key trends emerging in the industrial gases glass industry include:
•Advanced combustion technologies
•Cryogenic cooling solution
•Gas control and monitoring systems
•Smart technologies in gas delivery systems
•Collaboration with glass manufacturers
What Are The Segments Of The Global Industrial Gases-Glass Industry Market?
The market is segmented into the following categories-
•By Type: Hydrogen, Oxygen, Nitrogen, Argon, Acetylene
•By Function: Forming and Melting, Atmospheric Control, Finishing or Polishing
•By Transportation Mode: Cylinder and Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution
•By Application: Container Glass, Float Glass, Fiber Glass, Specialty Glass
Which Region Leads The Industrial Gases-Glass Industry Market?
North America was the leading region in the industrial gases-glass market in 2024, while Asia-Pacific is expected to exhibit the fastest growth in the forecast period.
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What Is Covered In The Industrial Gases-Glass Industry Market Global Market Report?
Market Size Analysis: Analyze the Industrial Gases-Glass Industry Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Industrial Gases-Glass Industry Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Industrial Gases-Glass Industry Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Industrial Gases-Glass Industry Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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