The Industrial Gases Glass Market Size was estimated at 7.45 (USD Billion) in 2022. The Industrial Gases Glass Industry Industry is expected to grow from 7.68 (USD Billion) in 2023 to 10.1 (USD Billion) by 2032. The Industrial Gases Glass Market CAGR (growth rate) is expected to be around 3.09% during the forecast period (2024 - 2032).
Key Industrial Gases Glass Market Trends Highlighted
The Industrial Gases Glass Market is witnessing significant advancements driven by the growing demand for high-performance and energy-efficient glazing solutions. Key market trends include the adoption of advanced glass technologies, such as low-E coatings and laminated glass, to enhance insulation and reduce energy consumption. The increasing use of specialty gases, such as argon and nitrogen, in the manufacturing process improves glass quality and efficiency.
Moreover, the rising demand for lightweight and durable glass in the automotive and construction sectors is driving market growth. Opportunities lie in the development of sustainable and environmentally friendly gas solutions to meet regulatory requirements and consumer preferences. The industry is also exploring innovative technologies, such as laser cutting and advanced welding techniques, to improve production processes and reduce waste.
Source: Primary Research, Secondary Research, MRFR Database and Analyst ReviewIndustrial Gases Glass Market Drivers
Increasing Demand for Flat Glass
Flat glass is used as a construction material and in the automotive industry. Increases in the use of flat glass are attributable to higher use by the construction industry, which has been experiencing growth driven by industrial development in emerging markets. Additionally, growth in the construction of residential buildings and office space, high demand for glass facades by companies, and demand for energy-saving windows have all contributed to the growth of the flat glass industry, consequently raising the demand for industrial gases. Meanwhile, oxygen and nitrogen are considered basic industrial gases and are manufactured by the division of air through the process of cryogenic air separation. Argon is an inert industrial gas that is also produced through cryogenic air separation.
Rising Adoption of Advanced Glazing Technologies
The increasing adoption of advanced glazing technologies is one of the key drivers of growth in the analyzed industry. Low-emissivity coatings and vacuum-insulating glass units are some of the advanced glazing technologies that are becoming more and more popular worldwide. They are favored because of their relatively high energy efficiency – low-e coatings are designed to reduce the amount of heat escaping through windows, and VIG units contain a vacuum between two panes of glass, which provides better insulation than other types of glazed units. It is essential to note that this tendency presents new opportunities for those involved in the market because gas companies can benefit from the increasing popularity of advanced glazing technologies.
Growing Emphasis on Sustainability
The Industrial Gases Glass Market is also experiencing growth as a result of the increasing emphasis on sustainability. The gases are used in glassmaking to reduce the environmental impact of the process. To illustrate oxygen is used to improve the combustion efficiency of the furnaces, thus reducing the emissions of greenhouse gases. In contrast, nitrogen is used to make an inert atmosphere in the furnace to prevent the creation of nitrogen oxides that are known to be harmful.Furthermore, the companies’ active means of recycling glass is causing a decrease in the creation of waste and providing a more viable alternative to the consumption of natural resources.
Industrial Gases Glass Market Segment Insights:
Industrial Gases Glass Market Gas Type Insights
The Industrial Gases Glass Market is segmented by gas type into Oxygen, Nitrogen, Argon, Carbon Dioxide, and Hydrogen. Among these, Oxygen holds the largest market share, accounting for over 50% of the total revenue in 2023. The demand for Oxygen in the glass industry is primarily driven by its use in the production of flat glass, container glass, and specialty glass. Nitrogen is another important gas used in the glass industry, particularly in the production of float glass, where it is used to create an inert atmosphere to prevent oxidation of the glass surface. Argon is also used in the production of float glass, as well as in the manufacturing of insulating glass units. Carbon Dioxide is used in the production of specialty glass, such as low-emissivity glass and electrochromic glass. Hydrogen is used in the production of borosilicate glass, which is known for its high thermal resistance and chemical durability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Gases Glass Market Application Insights
The Industrial Gases Glass Market is segmented by Application into Float Glass Production, Container Glass Production, Specialty Glass Production, and Glass Tempering. In 2023, the Float Glass Production segment held the largest market share of around 45%. The demand for float glass is increasing due to its widespread use in construction, automotive, and solar energy industries. The Container Glass Production segment is expected to witness the highest CAGR of 4.5% during the forecast period, driven by the growing demand for glass bottles and jars in the food and beverage industry. Specialty Glass Production is used in high-end applications such as electronics and medical devices and is expected to grow at a steady pace. Glass Tempering is used to increase the strength and durability of glass and is widely used in the automotive and construction industries.
Industrial Gases Glass Market End-Use Industry Insights
The Industrial Gases Glass Market segmentation by End-Use Industry comprises Automotive, Construction, Packaging, and Electronics. Automotive accounted for the largest revenue share in 2023, and its dominance is anticipated to continue throughout the forecast period. The growth in this segment is primarily attributed to the increasing demand for industrial gases in manufacturing processes such as welding, cutting, and heat treatment. The Construction segment is another major revenue contributor, and its growth is driven by the rising construction activities worldwide.Packaging and Electronics are other significant end-use industries for industrial gases, and their growth is fueled by the increasing demand for packaged goods and electronic devices.
Industrial Gases Glass Market Regional Insights
The regional landscape of the Industrial Gases Glass Market showcases distinct market dynamics across various regions. North America holds a significant market share, driven by the presence of well-established glass manufacturing industries and robust construction activities. Europe follows closely, with a growing demand for energy-efficient windows and automotive glass. APAC is projected to witness the highest growth rate during the forecast period, owing to the rapid urbanization and industrialization in countries like China and India. South America and MEA are expected to contribute a modest share to the overall market, with opportunities emerging in the automotive and construction sectors. The regional segmentation provides valuable insights into market growth drivers, competitive dynamics, and investment opportunities for stakeholders in the Industrial Gases Glass Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Industrial Gases Glass Market Key Players And Competitive Insights:
Major players in the Industrial Gases Glass Market industry are constantly innovating and developing new products to meet the growing demands of the market. Leading Industrial Gases Glass Market players are investing heavily in research and development to stay ahead of the competition. The Industrial Gases Glass Market industry is expected to witness significant growth in the coming years, driven by the increasing demand for glass products in various industries. The competitive landscape of the Industrial Gases Glass Market industry is expected to remain fragmented, with a number of major players competing for market share.
Air Liquide SA, a leading Industrial Gases Glass Market player, offers a wide range of products and services to the glass industry. The company's products include oxygen, nitrogen, argon, and carbon dioxide, which are used in various stages of glass production. Air Liquide SA also provides a range of services, such as gas supply, equipment rental, and technical support. The company has a strong presence, with operations in over 80 countries.
Praxair Inc., another leading Industrial Gases Glass Market player, offers a wide range of products and services to the glass industry. The company's products include oxygen, nitrogen, argon, and carbon dioxide, which are used in various stages of glass production. Praxair Inc. also provides a range of services, such as gas supply, equipment rental, and technical support. The company has a strong presence, with operations in over 50 countries.
Key Companies in the Industrial Gases Glass Market Include:
Praxair Technology, Inc.
Matheson TriGas, Inc.
Sol Group
Taiyo Nippon Sanso Corporation
Gulf Cryo
Linde
The BOC Group plc
INOX Air Products Limited
Nippon Sanso Holdings Corporation
Airgas, Inc.
Air Products and Chemicals, Inc.
Beijing Air Products Co., Ltd.
Messer Group GmbH
Iwatani Corporation
Air Liquide
Industrial Gases Glass Market Industry Developments
The Industrial Gases Glass Market is projected to grow from USD 7.68 billion in 2023 to USD 10.1 billion by 2032, at a CAGR of 3.09% during the forecast period. The growth is attributed to the increasing demand for flat glass in the construction and automotive industries, rising demand for specialty glass in electronics and solar panels, and growing awareness of energy efficiency in glass manufacturing processes.Recent news developments in the market include:
In February 2023, Air Liquide announced the launch of a new hydrogen production plant in Germany, specifically designed to cater to the glass industry.
IIn January 2023, Messer Group acquired the industrial gases business of Linde in Chile, strengthening its position in the South American glass Market.
Industrial Gases Glass Market Segmentation Insights
Industrial Gases Glass Market Gas Type Outlook
Oxygen
Nitrogen
Argon
Carbon Dioxide
Hydrogen
Industrial Gases Glass Market Application Outlook
Float Glass Production
Container Glass Production
Specialty Glass Production
Glass Tempering
Industrial Gases Glass Market End-Use Industry Outlook
Automotive
Construction
Packaging
Electronics
Industrial Gases Glass Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 7.45(USD Billion) |
| Market Size 2023 | 7.68(USD Billion) |
| Market Size 2032 | 10.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.09% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Praxair Technology, Inc., Matheson TriGas, Inc., Sol Group, Taiyo Nippon Sanso Corporation, Gulf Cryo, Linde, The BOC Group plc, INOX Air Products Limited, Nippon Sanso Holdings Corporation, Airgas, Inc., Air Products and Chemicals, Inc., Beijing Air Products Co., Ltd., Messer Group GmbH, Iwatani Corporation, Air Liquide |
| Segments Covered | Gas Type, Application, End-Use Industry, Regional |
| Key Market Opportunities | Growth in emerging economies expanding glass production, increasing demand for specialty glass focus on sustainability and technological advancements. |
| Key Market Dynamics | Increasing Glass Production Growing Demand for Specialty Gases Technological Advancements Environmental Regulations Fluctuating Raw Material Prices |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Industrial Gases Glass Market is projected to reach a valuation of approximately 7.68 billion USD in 2023.
The Industrial Gases Glass Market is anticipated to expand at a CAGR of around 3.09% from 2024 to 2032.
Industrial gases are primarily used in the glass industry for processes such as float glass production, container glass manufacturing, and specialty glass applications.
North America is projected to account for a significant share of the Industrial Gases Glass Market.
Major players in the Industrial Gases Glass Market include Air Liquide, Linde, Air Products and Chemicals, Inc., Messer Group, and Praxair Technology, Inc.
Factors driving the growth of the Industrial Gases Glass Market include increasing demand for glass products in various industries, rising construction activities, and technological advancements in glass manufacturing.
Challenges faced by the Industrial Gases Glass Market include fluctuating raw material prices, intense competition, and environmental regulations.
Emerging trends in the Industrial Gases Glass Market include the growing adoption of sustainable practices, automation, and digitalization.
The Industrial Gases Glass Market is anticipated to reach a valuation of approximately 10.1 billion USD by 2032.
Growth opportunities in the Industrial Gases Glass Market lie in expanding into emerging markets, developing innovative technologies, and focusing on sustainability.
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Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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