Attractive Market Opportunities in the Market for Industrial Gases in the Glass Industry

The market for industrial gases in the glass industry is projected to grow from USD 2.57 Billion in 2015 to reach USD 3.49 Billion by 2020, at an estimated CAGR of 6.29.

Browse 204 market data tables with 60 figures spread through 245 pages and in-depth TOC on "Industrial the industrial gases market in the glass industry is segmented on the basis of type, glass type, function, transportation mode, and region. On the basis of type, the hydrogen segment held the largest market share, in terms of value, while oxygen was the most widely used industrial gas, in terms of volume. The container glass segment accounted for the largest share of the market, in terms of both, volume and value, among all glass types. The transportation mode segment was dominated by the cylinder & packaged gas distribution segment. In terms of function, the market is segmented into forming & melting, atmospheric control, finishing & polishing, and others. The forming & melting function segment is projected to grow at the highest rate, during the forecast period.

On the basis of key regions, the market for industrial gases in the glass industry is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The Asia-Pacific region held the largest share among all regions in 2014. This is mainly due to emerging economies in China and India, coupled with growing applications of glass in the construction and automotive industries.

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Oxygen to gain maximum traction during the forecast period

Oxygen is a primary industrial gas required for any combustion process. New technologies such as oxygen-enhanced combustion and oxy-fuel combustion are based on oxygen.

A slight increase in oxygen concentration of the combustion air results in the rise of flame temperature, improvement in heat transfer rates, and increase in the overall efficiency of combustion. Oxy-fuel combustion improves glass quality and also burns less fuel more efficiently.

It reduces nitrous and CO2 emissions drastically, which helps in meeting the regulatory emission requirements. Thus, it is considered to be a sustainable technique for glass manufacturing.

Apart from the manufacturing of glass, oxygen is also used in other functions such as melting, forming, polishing, and finishing of glass & glass products.

Asia-Pacific to play a key role in the market for industrial gases in the glass industry

On the basis of key regions, the market for industrial gases in the glass industry is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The Asia-Pacific region held the largest share among all the regions in 2014.

This is mainly due to emerging economies in China and India, coupled with growing applications of glass in the construction and automotive industries.

The scope of the report covers detailed information regarding the major factors influencing the growth of the market for industrial gases in the glass industry such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the market for industrial gases in the glass industry.

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