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The industrial gases market for glass industry size is estimated to grow at a CAGR of 4.62% between 2022 and 2027. The market size is forecast to increase by USD 808.18 million. The growth of the market depends on several factors such as the augmented demand for glass from the construction industry, the expanding glass packaging industry, and the flourishing global automotive industry.
This industrial gases market for glass industry report extensively covers market segmentation by distribution channel (merchant liquid distribution, tonnage distribution, and cylinder and packaged distribution), type (nitrogen, oxygen, hydrogen, acetylene, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the industrial gas market for the glass industry growth is the expanding glass packaging industry. There is an increasing preference for glass packaging as a packaging solution for food and soft drinks, pharmaceuticals, and beer, as glasses are made from sustainable raw materials and can be reused more than 40 times. Some of the main advantages of glass packaging include a reduction in the quantity of waste to be disposed of as well as premium quality.
Moreover, each ton of recycled glass saves approximately 300 kWh of energy which fuels the adoption of this packaging solution. In addition factors such as the increasing consumer awareness regarding the sustainable lifestyle are fuelling the adoption of glass packaging. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the industrial gas market for the glass industry growth is the growth of wearable technology. There is a growing popularity for wearable technology across the globe. Wearables can be referred to as smart devices that are used for multiple purposes, including fitness, healthcare, gaming, and entertainment. There is a high potential for the growth of flexible glass in wearable technology.
Moreover, some of the main advantages of flexible glasses include high flexibility and durability for displays, sensors, and other electronic systems, which are vital components for the design of wearable technology. In addition, it enables a better user experience and compatibility with the lifestyle of users. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
The availability of substitutes for glass is one of the key challenges hindering the industrial gas market for the glass industry growth. There is an increasing adoption of glass across various industries such as automotive, electronics, healthcare, construction, and food and beverages due to its recyclable properties. However, there are other alternatives to glass such as plastic, wood, metal, and polycarbonate due to their low cost compared with glass.
Moreover, there is an increasing adoption of polycarbonate across various industries such as automotive, aviation, and packaging due to its adaptability properties. Another significant alternative to glass is wood, as it is affordable, renewable, and offers versatile properties. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Industrial Gases Market for Glass Industry Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Air Water Inc: The company offers industrial gases for glass industry such as argon, carbon dioxide, helium and oxygen for manufacturing various types of glasses.
The research report also includes detailed analyses of the competitive landscape of the market and information about 12 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The merchant liquid distribution segment is estimated to witness significant growth during the forecast period. The merchant liquid distribution mode comprises the movement of industrial gas tankers to storage containers at the glass manufacturer site. Industrial gases, including oxygen, nitrogen, hydrogen, helium, and liquid nitrogen, are widely supplied through the merchant liquid distribution mode. The main advantage of the merchant liquid distribution mode is that it is cost-effective and there is an increasing preference for this segment over cylinder-based distribution as huge volumes of industrial gases required by the glass industry are easily supplied through it.
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The merchant liquid distribution segment was the largest segment and was valued at USD 1,277.41 million in 2017. Merchant liquid distribution is usually offered on a lease basis to the glass manufacturers as there is a requirement to set up a storage facility at the customer's site, which needs huge capital investments. This segment is suitable when customers do not have a steady demand pattern for tonnage mode. In addition, it provides cost benefits to such customers. Hence, such factors are expected to fuel the growth of the merchant liquid distribution segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 61% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the industrial gases market for the glass industry in APAC are the rising industrialization and increasing demand for industrial gases from the end-user industries such as construction, automotive, and food and beverage, which requires glasses in huge volume. There is a rapid expansion of infrastructure in APAC which requires industrial gases to produce large volumes of glass. Some of the key countries that are significantly contributing to the market growth in APAC include China, India, South Korea, Japan, Australia, and Indonesia. Furthermore, the strong presence of manufacturing industries in several regions of APAC will drive market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global industrial gases market for the glass industry witnessed a significant slowdown due to the disruption of supply chain operations in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain operations. Such factors are expected to drive the market during the forecast period.
The industrial gases market for glass industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Industrial Gases Market For Glass Industry Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.62% |
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Market growth 2023-2027 |
USD 808.18 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
4.38 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 61% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Air Water Inc., Messer SE and Co. KGaA, Gulf Cryo Holding CSC, HoSt Holding B.V., Iwatani Corp., Mitsubishi Chemical Group Corp., SOL Spa, SIG Gases Berhad, Air Liquide SA, Air Products and Chemicals Inc., The Linde Group, and Yingde Gas Group Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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