Industrial Gases Market for Glass Industry Grows $ 744.67 Million | 4.35% annual growth expected in 2021 | APAC will notice maximum growth

The automotive sector is seeing strong growth in vehicle sales after the second wave of the COVID-19 pandemic. In addition, the growing demand for fuel efficient vehicles is forcing automakers to develop light vehicles with comparatively lower carbon emissions. This increased preference for fuel efficient light vehicles is expected to have a positive impact on the growth of the industrial gases market for the glass industry.

The market is expected to be driven by factors such as increasing demand for glass from construction industry, expansion of glass packaging industry and thriving global automotive industry.

The report also offers information on upcoming trends and challenges that will influence the growth of the market..
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Industrial gases market for the glass industry: opportunities

Governments in many developed and developing countries are increasing their spending on infrastructure megaprojects, which is supporting the growth of various end-user sectors. In Germany, the chemical processing industry is experiencing strong growth due to the presence of advanced logistics, excellent research landscape and world-class infrastructure in the country. The growth of these end-user industries subsequently increased the demand for industrial gases used in the manufacture of eyewear for the industrial, medical, commercial and residential sectors. Many such developments create significant growth opportunities for market players.

Industrial gases market for the glass industry: segmentation by type of gas

Based on the segmentation by gas type, the market generated maximum revenue in the nitrogen segment in 2020. The segment is driven by the increased use of nitrogen as a coolant. In addition, factors such as the use of nitrogen as a refrigerant, the inert properties of nitrogen and the low cost are contributing to the growth of the segment.

Industrial gases market for the glass industry: segmentation by geography

APAC held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the market growth in other regions. The growth of the APAC market can be attributed to the rapid growth of the construction industry coupled with the high adoption of construction machinery and material handling equipment in the region. Also, the strong growth of the automotive industry contributes to the growth of the industrial gases market for the glass industry in APAC.

One of the Fortune 500 companies used the detailed research report on Industrial Gases for Glass industry and decided to increase its market share in APAC region which offers the highest market opportunities in the world. during the forecast period.

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Industrial gases market for the glass industry: main suppliers

Air Products and Chemicals Inc .:

The company supplies industrial gases such as hydrogen and oxygen, which can be used to supplement or replace air-fuel combustion applications, allowing more efficient cutting or polishing of glass.

Air Eau Inc .:

The company offers a wide range of industrial gases such as oxygen, nitrogen, argon and others.

EPC Engineering & Technologies GmbH:

The company specializes in the production of technical gases under the CRYOTEC brand.

Gulf Cryo Holding CSC:

The company produces industrial gases such as silane, acetylene, oxygen and others, which are used in melting glass, lubricant spread on the mold in glass bottles.

HYGIENE :

The company offers industrial gas solutions that play a vital role in the production of high quality flat glass.

In addition to market data, Technavio offers customizations according to the specific needs of companies. The following customization options are available for the Industrial Gases for Glass Industry market report:

Regional analysis

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Information on market players

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  • Know the strategies adopted by suppliers during the COVID-19 recovery phase.

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Associated reports:

Global Liquid Nitrogen Market – The global liquid nitrogen market is segmented by end user (CPB, F & B, metal fabrication and construction, and others) and geography (North America, APAC, Europe, South America, and MEA).
Download an exclusive free sample report

Global farnesene market – The global farnesene market is segmented by application (cosmetics, flavors and fragrances, performance materials and lubricants) and by geography (Europe, APAC, North America, MEA and South America).
Download an exclusive free sample report

Industrial gases market for the glass industry Scope

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of almost 5%

Market growth 2021-2025

$ 744.67 million

Market structure

Fragmented

Annual growth (%)

4.35

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

64% APAC

Main consumer countries

China, United States, Japan, Germany and India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Air Products and Chemicals Inc., Air Water Inc., EPC Engineering & Technologies GmbH, Gulf Cryo Holding CSC, HYGEAR, Linde Plc, Messer Group GmbH, Praxair Technology Inc., SOL Spa and Taiyo Nippon Sanso Corp.

Market dynamics

Parent market analysis, market growth drivers and obstacles, analysis of fast and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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