How is the Industrial Gases-Glass Industry Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the industrial gases-glass industry market right now?
The market for industrial gases in the glass industry has seen robust growth in recent times. The market value is projected to rise from $4.17 billion in 2024 to $4.55 billion in 2025, representing a compound annual growth rate (CAGR) of 9.3%. Factors contributing to growth during the historical period include the escalation in glass manufacturing methods, float glass production, the use of inert gas environments, environmental and emission management, and melting furnace efficiency.
How fast Is the industrial gases-glass industry market expected to grow, and what’s its future value?
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What are the leading drivers of growth in the industrial gases-glass industry market?
The growth of the industrial gases-glass market is expected to be fuelled by the escalating use of glass in the construction industry. This sector pertains to the manufacture and commerce activities associated with building, repair, renovation, and maintenance of infrastructure. The use of glass in construction now extends to insulation materials, structural elements, exterior glazing materials, and cladding materials. Harnessing up to 80% of natural light, providing sound and thermal insulation are the primary advantages of employing glass in construction. As an example, in February 2023, the Office for National Statistics, a government department in the UK, reported that the annual construction output in the UK for 2022 escalated by 5.6% compared to 2021. This occurred following a remarkable growth of 12.8% in 2021. Therefore, the escalating use of glass in the construction industry is prompting the growth of the industrial gases-glass market.
What are the key segments defining the industrial gases-glass industry market?
The industrial gases-glass industry market covered in this report is segmented –
1) By Type: Hydrogen, Oxygen, Nitrogen, Argon, Acetylene
2) By Function: Forming and Melting, Atmospheric Control, Finishing Or Polishing
3) By Transportation Mode: Cylinder And Packaged Gas Distribution, Merchant Liquid Distribution, Tonnage Distribution
4) By Application: Container Glass, Float Glass, Fiber Glass, Specialty Glass
Subsegments:
1) By Hydrogen: Gaseous Hydrogen, Liquid Hydrogen
2) By Oxygen: Gaseous Oxygen, Liquid Oxygen
3) By Nitrogen: Gaseous Nitrogen, Liquid Nitrogen
4) By Argon: Gaseous Argon, Liquid Argon
5) By Acetylene: Gaseous Acetylene, Liquid Acetylene
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Who are the key players steering the development of the industrial gases-glass industry market?
Major companies operating in the industrial gases-glass industry market include Saint-Gobain, The Linde Group, Linde Gas Korea Ltd., Air Liquide SA, Air Products and Chemicals Inc., Showa Denko K.K., Osaka Sanso Co. Ltd., Air Water Inc., Tokai Gas Co. Ltd., CRYOTECH Anlagenbau GMBH, Messer Group GmbH, AMCS Corporation, Matheson Tri-Gas Inc., SOL Group (South Korea), Gulf Cryo Industrial Gases LLC, Welsco Inc., Airgas Inc., HoSt Holding B.V., HyGear Technology, IGC India Ltd., Iwatani Corporation, Kyushu Air Gas Co. Ltd., Nippon Gases Korea Co. Ltd., Praxair Services Inc., SIG Gases Berhad, Taiwan Airgas Co. Ltd., Woomjin Precision Gas Co. Ltd., Yingde Gases Group Company Limited
What emerging trends are influencing the growth of the industrial gases-glass industry market?
Some key players dominating the industrial gases-glass sector include Saint-Gobain, The Linde Group, Linde Gas Korea Ltd., Air Liquide SA, Air Products and Chemicals Inc., Showa Denko K.K., Osaka Sanso Co. Ltd., Air Water Inc., Tokai Gas Co. Ltd., CRYOTECH Anlagenbau GMBH, Messer Group GmbH, AMCS Corporation, Matheson Tri-Gas Inc., SOL Group (South Korea), Gulf Cryo Industrial Gases LLC, Welsco Inc., Airgas Inc., HoSt Holding B.V., HyGear Technology, IGC India Ltd., Iwatani Corporation, Kyushu Air Gas Co. Ltd., Nippon Gases Korea Co. Ltd., Praxair Services Inc., SIG Gases Berhad, Taiwan Airgas Co. Ltd., Woomjin Precision Gas Co. Ltd., and Yingde Gases Group Company Limited
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Which regions are most influential in expanding the industrial gases-glass industry market?
North America was the largest region in the industrial gases-glass market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gases-glass industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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