Published Date : Jun 27, 2017
Albany, New York, June 27, 2017: MarketResearchReports.biz announces the addition of a new report to its growing online market intelligence repository. The report, titled ‘Global Industrial Gases Market For Glass Industry 2017-2021,’ examines the global industrial gases market in terms of its use in the glass industry and provides studied forecasts based on a detailed reports of the present figures and historical trajectory of both these sectors. The segmentation and competitive dynamics of the global industrial gases market in the glass industry are also examined in detail in the report, providing a 360-degree overview of the market for readers.
The industrial gases market has become extremely important in recent years due to the rising diversification of the chemicals industry to fulfill several needs. The glass market has also attained a steady growth initiative due primarily to the growing use of glass in the packaging industry and is likely to exhibit sustained demand for industrial gases in the coming years due to the consistent technological innovation in the industry.
According to the report, the global industrial gases market for the glass industry is likely to exhibit a steady CAGR of 6% through to 2021.
The rising use of glass in the packaging industry, particularly when it comes to chemicals, is due to the inert nature of glass, which means even highly volatile substances can be safely stored in it. The industrial gases market for glass is likely to gain from this significantly. Glass is notable for its ability to keep its contents fresh, due to which glass has become increasingly popular in the storage and distribution of pharmaceuticals, personal care items such as fragrances, and beverages. Technological innovation in the manufacturing process of glass has led to the availability of durable glass that even overcomes the one traditional weakness of glass: fragility. The industrial gases market for the glass industry is likely to benefit significantly from this in the coming years.
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Asia Pacific is likely to be the leading regional contributor to the global industrial gases market for the glass industry. Steady infrastructure development in dynamic economies such as India, China, Indonesia, Thailand, Japan, Taiwan, and South Korea has been a solid driver for the industrial gases market for the glass industry and is likely to be a key contributor due to the rapid urbanization drive in these countries.
Growth of leading end-use applications such as the automotive industry has helped the industrial gases market for the glass industry in Asia Pacific, as the role of glass in automotive design has evolved dynamically in the last few years. The steady rise of the automotive industry in China, in addition to the more established automotive industry in Japan and South Korea, is thus likely to be a key driver for the global industrial gases market for the glass industry.
By gas, the report segments the global industrial gases market for the glass industry into oxygen, hydrogen, nitrogen, and acetylene. Oxygen is likely to dominate the industrial gases market for the glass industry in the coming years due to the cost benefits it provides to the manufacturing process.
Competitive dynamics of the global industrial gases market for the glass industry are also assessed in the report, which contains elaborative profiles of the leading players in the market. Key companies examined in the report include Air Liquide, Linde Group, Praxair, Air Products and Chemicals, and Messer Group, which are likely to retain their dominant shares in the global industrial gases market for the glass industry in the coming years.
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