With the emergence and long-term Impact of COVID-19, the Global Industrial Gases-Glass Industry Market is to reach USD 5969.4 million by 2029
Bizwit Research & Consulting LLP’s Recent Analysis on Global Industrial Gases-Glass Industry Market is poised to rise up to USD 5969.4 million by 2029. Industrial gases are the gaseous components that are generated for use across various industries. It comprises several types of gases such as oxygen, nitrogen, argon, hydrogen, and acetylene. These gases are stored in a variety of cylinders according to the gas properties some gases are delivered at low pressure whereas other gases are delivered at high pressure. The increasing demand for the glass packaging industry, as well as the rising need for energy-efficient glass production techniques, are the primary factors for the global market growth. Additionally, the extensive growth of the glass industry along with its end-use verticals are also significantly propelling the market demand across the globe. For instance, according to Statista, the global flat glass market accounted for USD 265.85 billion in 2020, and it is projected to reach USD 352 billion by 2028. However, complex manufacturing processes impede the growth of the market over the forecast period of 2021-2029. Also, high demand in the automotive industry is anticipated to act as a catalyzing factor for market demand during the forecast period.
Geographically, the global Industrial Gases-Glass Industry Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia-Pacific is the leading region across the world in terms of market share owing to the rapid industrialization and the increasing demand for the rising application of glass packaging in end-use applications. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2029. Factors such as the increasing applications of glass across the construction and automotive industries as well as the growth of the emerging economies such as India and China would create lucrative growth prospects for the Industrial Gases-Glass Industry market across the Asia-Pacific region.
The global Industrial Gases-Glass Industry Market is highly competitive owing to the presence of several key manufacturers such as Air Products & Chemicals, Inc., The Linde Group, Praxair, Inc., Taiyo Nippon Sanso Corporation, Air Liquide SA, Gulf Cryo, and others.
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Key findings of the study suggest:
- Global Industrial Gases-Glass Industry Market is anticipated to grow with a healthy growth rate of more than 7.91% over the forecast period 2022-2029.
- In the glass type segment, container glass emerged as the leading market segment in 2021.
- Asia-Pacific is anticipated to drive regional growth owing to increasing applications of glass across the construction and automotive industries as well as the growth of emerging economies.
- Asia-Pacific is also expected to grow at a high CAGR during 2022-2029.
Bizwit Research & Consulting has considered the following segments for the study:
By Type
- Hydrogen
- Oxygen
- Nitrogen
- Argon
- Acetylene
By Glass Type
- Container Glass
- Flat Glass
- Glass Fiber
By Function
- Forming & Melting
- Atmospheric Control
- Finishing/Polishing
By Transportation Mode
- Cylinder & Packaged Gas Distribution
- Merchant Liquid Distribution
- Tonnage Distribution
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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