Industrial Gases for Glass Market is expected to grow at a CAGR of 9.17% through 2029
Global Industrial Gases for Glass Market is expected to grow owing to Increasing Demand for Sustainable Glass Packaging, and Technological Advancements in Glass Manufacturing Processes throughout the forecast period.
According
to TechSci Research report, “Industrial
Gases for Glass Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2019-2029F”, the Global Industrial Gases for Glass Market was valued at USD 4.59 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.17% through 2029. The global push towards sustainability and environmentally friendly practices is propelling the demand for glass packaging as a sustainable choice. Glass, being fully recyclable without compromising quality, is preferred in sectors like food and beverages. The production of glass containers relies on industrial gases such as oxygen and natural gas during the melting process. The escalating demand for sustainable packaging solutions directly correlates with the increased necessity for industrial gases within the glass industry. The rising focus on sustainability presents a significant opportunity for industrial gas suppliers catering to the glass sector. Glass manufacturers actively seek eco-friendly solutions to minimize their carbon footprint. Opportunities abound in the development and provision of industrial gases that align with green technologies, including oxygen-enriched combustion and the utilization of green hydrogen. Suppliers can position themselves as sustainability partners, offering solutions that aid glass manufacturers in meeting their environmental objectives.
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Industrial Gases for Glass Market"
Based on transportation mode, The Merchant Liquid Distribution segment is projected to experience rapid growth during the forecast period. In the merchant liquid distribution segment, the focus is on ensuring an efficient and reliable supply chain of industrial gases to glass manufacturers. Industrial gases, such as oxygen, nitrogen, and argon, are often required in large quantities and in liquid form for specific processes in glass manufacturing, such as melting and annealing. The efficiency of the supply chain is critical to meeting the demands of glass manufacturers in a timely manner. This involves the production, storage, and transportation of liquid industrial gases to strategic distribution points. Companies operating in the merchant liquid distribution segment must invest in infrastructure and logistics capabilities to maintain a seamless and reliable supply chain, ensuring that glass manufacturers have access to the required industrial gases whenever needed. The merchant liquid distribution of industrial gases for the glass industry often requires a widespread geographic presence and global reach. Glass manufacturing facilities are located worldwide, and suppliers in the merchant liquid distribution segment must have a network that can cater to the needs of these facilities, irrespective of their geographical location. The ability to provide a consistent and reliable supply of industrial gases to glass manufacturers across different regions is a key factor influencing the success of companies in the merchant liquid distribution segment. This involves strategically located production plants, storage facilities, and distribution centers to optimize the delivery process and minimize transportation costs.
In terms of region, Asia Pacific region is witnessing a surge in the packaging industry, driven by changing consumer lifestyles, rising disposable incomes, and the e-commerce boom. Glass packaging, known for its recyclability and non-reactive nature, is gaining popularity in the food and beverage sector. This trend is directly influencing the demand for industrial gases in the glass industry, particularly in the production of glass containers. Industrial gases such as nitrogen and hydrogen are utilized in the glass container forming process, contributing to the quality and strength of the final product. The expanding middle-class population in countries like China and India is amplifying the demand for packaged goods, further bolstering the need for industrial gases in the glass manufacturing sector. The Asia Pacific region is home to a dynamic and competitive industrial gases market. Suppliers are focusing on technological advancements to stay competitive and meet the evolving needs of the glass manufacturing industry. This includes the adoption of Industry 4.0 technologies, advanced sensors, and automation in the production and distribution of industrial gases. Technological innovation is crucial in addressing the specific challenges faced by the glass industry in the region, such as energy efficiency and environmental sustainability. As glass manufacturers in Asia Pacific upgrade their production processes, industrial gas suppliers are leveraging advanced technologies to provide efficient, customized, and sustainable solutions, thus shaping the competitive landscape of the industrial gases market in the region. The Asia Pacific region is a key player in the global industrial gases market for the glass industry, driven by rapid industrialization, a focus on sustainability, a growing packaging industry, and a competitive landscape fostering technological advancements. As the region continues to evolve, it will play a pivotal role in shaping the future trajectory of the industrial gases market within the glass industry on a global scale.
Key
market players in the Global Industrial Gases for Glass Market are:-
- Air Products
& Chemicals, Inc.
- Linde plc
- Praxair, Inc.
- Taiyo Nippon
Sanso Corporation
- Air Liquide SA
- Gulf Cryo Holding CSC
- HyGear B.V.
- Iwatani Corporation
- Yingde Gas Group Co. Ltd.
- Messer SE & Co. KGaA
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“Within the Global Industrial Gases for Glass Market, the processes of forming and melting are pivotal stages in glass manufacturing, where industrial gases play a crucial role. These gases, including oxygen and natural gas, are essential for the production of glass through both forming and melting processes. In the forming stage, industrial gases are utilized to create the desired shape and structure of the glass product, ensuring precision and efficiency in the manufacturing process. Additionally, in the melting process, industrial gases are instrumental in providing the heat required to melt raw materials such as sand, soda ash, and limestone, facilitating the transformation into molten glass. As a result, the availability and efficient utilization of industrial gases are paramount in optimizing the forming and melting stages of glass production, thereby driving productivity and quality within the Global Industrial Gases for Glass Market.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Industrial Gases for Glass Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Hydrogen, Oxygen, Nitrogen, Argon and Acetylene), By Glass Type (Container Glass, Flat Glass and Glass Fiber), By Function (Forming & Melting, Atmospheric Control and Finishing/Polishing), By Transportation Mode (Cylinder & Packaged Gas Distribution, Merchant Liquid Distribution and Tonnage Distribution), By Region and Competition, 2019-2029F”,
has evaluated the future growth potential of Global Industrial Gases for Glass Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Industrial
Gases for Glass Market.
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