Global Industrial Gases Market for Glass Industry Forecasted to Grow at a CAGR of 6% for 2017-2021

Growth of the glass packaging industry is one of the primary factors that will have a positive influence on the industrial gases market for the glass industry. To elaborate, further, Market Research Hub (MRH) has recently added an analyzed report titled as “Global Industrial Gases Market for Glass Industry 2017-2021” to its vast report repository. The researched study has forecast a steady growth at a CAGR of more than 6% by 2021.

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Glass is chemically inert, pure, and safe and has the ability to retain the freshness of the contained products for a much longer time. As a result, it is the most chosen material for packaging food, beverages, pharmaceuticals, and personal care products. Glass can be recycled completely and products packaged using glass containers are considered as better in quality. This consequently increases the demand for glass in the packaging industry, which in turn, boosts the growth of the glass industry in the global market. The other driving factors of the industry growth are factors like increasing application of glass in the construction sector and the rising demand for energy efficient glass production techniques that are expected to influence the growth of the global industrial gases market for the glass industry.

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The provided report is a comprehensive analysis of the industrial gases market detailed by gas, by distribution mode and by Geography (APAC, Europe, North America, and ROW). Moreover, the competitive evaluation is also done for varying segments. The report is segmented by key vendors, gas and the distribution mode. The provided key vendors introduced in the research are Air Liquide, Air products and Chemicals, Linde Group, Messer Group, Praxair, CRYOTEC Anlagenbau, Gulf Cryo, Matheson Tri-Gas, Taiyo Nippon Sanso, and Wselsco.

Further, the gases of the industrial gases market for the glass industry evaluated and discussed in the report are Oxygen, Nitrogen, Hydrogen, and Acetylene. The analysis show that the acetylene gas is expected to grow at a CAGR of close to 3% by 2021. Moreover, the varying distribution mode of the glass industry market detailed in the study are cylinder and packaged distribution, merchant liquid distribution and Tonnage distribution. Cylinder and packaged distribution mode offers various benefits including low-cost and easy transportation, and is also compatible with all types of industrial gases. According to this market research report, this segment accounted for the major shares and dominated the industrial gases market for the glass industry during 2016.

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This release was published on openPR.