Global Industrial Gases-Glass Market - 2022-2029

Global Industrial Gases-Glass Market - 2022-2029

Market Overview

The global industrial gases-glass market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

Industrial gas is a generic name for gases (liquefied gases) widely utilized in all sectors for raw materials and intermediate materials in manufacturing processes, quality improvement, energy savings, and process safety. City gas (coal gas for residential use) and LP gas, mostly utilized for household energy, are not included. Hospital medical gases are classified as industrial gases. Industrial gases, as described above, include a wide range of gaseous goods at room temperature and pressure, and while they can be kept as a liquid or solid, they are most typically employed as gas.

Gases have distinct features and characteristics influenced by temperature, pressure, and volume. Gases have lower densities than solids and liquids, assume the volume of their containment (or dissipate to the atmosphere), mix effectively with other gases, and are more compressible. Elements, molecular compounds, and combinations make up industrial gases. Nitrogen, oxygen, hydrogen, carbon dioxide, and noble gases including argon, neon, xenon, and krypton are the most prevalent industrial gases. For simplicity of storage and transportation, some industrial gases, such as nitrogen, oxygen, argon, LNG, and liquefied petroleum gas, are liquefied under high pressure. Industrial gases have various applications in the glass market, including melting, formation and surface treatment of glasses.

Market Dynamics

The growing application of industrial gasses in various industries propels the industrial gases-glass market. Nonetheless, stringent regulation will hamper the market’s growth.

The growing application of industrial gasses in various industries

Various rising and developed nations, such as Vietnam, China, the U.S., and others, have experienced fast urbanization and industrialization, influencing market trends for industrial gases-glass over the forecast period. Due to urbanization, this industry profits from the rapid expansion of new facilities, such as manufacturing and processing sectors.

According to data, by the end of 2019, around 71 percent, 34 percent, 60 percent, and 37 percent of people in various leading nations, including Italy, India, China, and Vietnam, lived in urban regions. Furthermore, as the application industry expands, the demand for industrial gases-glass will increase.

The number of production facilities producing various industrial gasses-glass for various industries is expanding with increased industrial activity. In both developing and developed countries, this drives the industrial gas market. Industrial gases-glass such as cutting and welding gases are in high demand in metalworking and welding applications due to the rapid growth of infrastructure and construction activities in emerging countries.

Stringent regulations

Global warming and ozone depletion mainly originate from the release of industrial gases into the atmosphere. As a result, producers and regulatory agencies face difficulty preventing and adopting natural-based industrial gases and requiring skilled workers when working with flammable gases. Climate change, health care needs, energy demand, and expanding infrastructure projects have raised awareness of the need to develop sustainable industrial gases.

Strict laws and regulations controlling the manufacturing, storage, and transportation of gases will stifle market growth over the projection period. EU Regulation 231/2012 defined the hydrocarbon composition for the storage and transport of industrial gases. Industrial gas prices climbed in Q4 2020 and Q1 2021 due to comprehensive environmental inspections, subsequent manufacturing facility closures, and considerable increases in transit costs from China when markets recovered after COVID-19. Several businesses have voluntarily cut production to prevent fines for failing to meet emissions limits. As a result, the growing global price of industrial gases is likely to be a major stumbling block to the respective market's expansion over the projection period.

COVID-19 Impact Analysis

The deployment of lockdown measures to limit the spread of the virus and restrict the movement of items and persons significantly impacted the industrial gases-glass market during the COVID-19 pandemic. Because of three primary elements, the COVID-19 pandemic had a negative impact on the global industrial gases-glass market:

The first and most significant impact of the pandemic on the market is its impact on the supply chain, which tarnishes the availability of raw materials and the sales of the finished product. Due to reduced availability of production materials and disturbing production processes, resulting in a severe demand-supply gap.

Second, industrial gas-glass manufacturing includes a plethora of manufacturing and purification procedures that have been substantially impeded by lockdowns and government regulations enacted in reaction to the COVID-19 outbreak.

The interruptions in the major end-user verticals are the last explanation for the pandemic's high impact on the global industrial gases-glass market.

However, the growing number of research projects and increasing investments in the research field is expected to increase the demand for industrial gases-glass. Further growth in end-user verticles also helpt in the development of the market in the future.

Segment Analysis

The global industrial gases-glass market is classified based on type, glass type, transportation mode, function and region.

The heavy requirement of oxygen in necessitating numerous industrial processes

In terms of value, the market for the oxygen gas had the biggest market share since oxygen was the most commonly utilized industrial gas in terms of volume due to its wide array of applications in a majority of processes in chemical, industrial, mining and similar sectors. The container glass category had the biggest market share in volume and value among all glass kinds.

Geographical Analysis

Fast-paced industrialization boosts the demand for industrial gases, which in turn raises the demand for industrial gasses-glass for the storage

Due to the economic development and industrial boom in countries such as China and India, the demand for industrial gases rises. The growing production and utilization of these gases, such as hydrogen, nitrogen, and oxygen, would inevitably raise the demand for storage utilities. China contributed to a large portion of the region's consumption due to cheap manufacturing, labor and raw materials availability in the region, which inevitably increased the overall industrial activities in China. On the other hand, India is anticipated to develop at the quickest rate in the area. India is the Asia-third-largest Pacific producer of iron and steel, with annual production expanding rapidly. Gases such as hydrogen are widely used in the production of green steel.

Competitive Landscape

The worldwide industrial gases-glass market is quite dormant in terms of the quantity and strength of global and local producers. The market is recognized as consolidated due to the limited number of manufacturers such as Air Products & Chemicals, Inc, The Linde Group, Praxair, Inc, Taiyo Nippon Sanso Corporation, Air Liquide SA, Gulf Cryo, HyGear, Taiyo Nippon Sanso Corporation, SIG Gases Berhad, and Messer Group. Mergers, acquisitions, product launches, contributions, and partnerships are common market methods used by significant market stakeholders to obtain competitive advantages and recognition in their respective industries.

Taiyo Nippon Sanso Corporation

Overview: The usage of a range of industrial gases, such as oxygen, nitrogen, argon, and others, has propelled the modern industry forward. Taiyo Nippon Sanso supports the very foundation of business activities in a wide range of industrial sectors, including steel, chemicals, electronics, automobiles, construction, shipbuilding, food/beverage, and medical care, thanks to its extensive experience and unique technological development capabilities.

Taiyo Nippon Sanso began growing its activities outside of Japan in 1980 when it entered the US market. The company has now expanded its activities in the United States, Asia, Oceania, and Europe. The company now has a global network of 29 countries and territories.

Since its inception in 1910, the company has consistently delivered industrial gases with an optimal supply strategy for various industrial applications to support the industrial infrastructure. Based on our extensive technological capabilities, we have provided gas-related equipment, services, and applications to fulfill client needs and contribute to industry development and reduce the industry's environmental impact.

Product Portfolio:

Materials Sector: The materials sector, the cornerstone of the industry, receives technology relating to new materials and creative manufacturing techniques from the corporation. Oxygen burners for glass melting, Melting furnace simulation are all part of the company's industrial gases-glass offering.

Key Development:

Taiyo Nippon Sanso Corporation, AGC Inc., National Institute of Advanced Industrial Science and Technology (AIST), and Tohoku University announced on January 13, 2022, that they would collaborate to develop Ammonia Combustion Technology for Industrial Furnaces. The company and its partners will work to build a burner that meets environmental regulations to use in full-scale glass melting furnaces. The initiative will examine expanding its uses beyond the glass to include other materials manufacturing processes like steel and aluminum in the future.

Why Purchase the Report?

To visualize the global industrial gases-glass market segmentation based on type, glass type, transportation mode, function and region, as well as understand key commercial assets and players.

Identify commercial opportunities in the global industrial gases-glass market by analyzing trends and co-development.

Excel data sheet with numerous industrial gas-glass market-level data points.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available as excel consisting of key products of all the major market players

The global industrial gases-glass market report would provide approximately 69 tables, 69 figures and almost 200 pages.

Target Audience 2023

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies