Global Industrial Gases Market for Glass Industry - Global Forecasts by Technavio
According to the latest market study released by Technavio,
the global
industrial gases market for the glass industry is
expected to reach USD 3,784.5 million by 2021, growing at a CAGR of more
than 6%.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170607006422/en/
Technavio has published a new report on the global industrial gases market for the glass industry from 2017-2021. (Graphic: Business Wire)
This research report titled ‘Global
Industrial Gases Market for the Glass Industry 2017-2021’
provides an in-depth analysis of the market in terms of revenue and
emerging market trends. This market research report also includes up to
date analysis and forecasts for various market segments and all
geographical regions.
Industrial gases are widely used in many applications, such as mining,
oil and gas, construction, transportation, fabrication, and others. The
use of glass in the automotive industry is increasing due to significant
growth in vehicle production, stringent safety regulations, changing
consumer preferences, and increasing demand for lightweight glass that
increases the fuel efficiency of the vehicles. Therefore, rapid
industrialization and growing population with advances in the production
technology of industrial gases and efficient distribution system are
expected to increase the demand for industrial gases in the glass
industry.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.
Technavio’s chemicals
and materials research analysts categorize global industrial
gases market for the glass industry into the following segments by gas.
They are:
-
Oxygen
-
Nitrogen
-
Hydrogen
-
Acetylene
-
Others
The top three gas segments for the global industrial gases market for
the glass industry are discussed below:
Oxygen
Oxygen is crucial for the combustion of various materials. The gas is
used to enhance the combustion of steel and iron, non-ferrous metals,
concrete, and glass. It is also used in metallurgy, water treatment,
food production, and in the paper and pulp industry. Oxygen improves the
stability of the processes by maintaining furnace pressure and
eliminates regenerator changeover cycles; this also enhances the
recyclability of glass.
According to Krithika, a lead industrial
gases research analyst from Technavio, “It also reduces
footprint and controls emissions, thereby helping glass manufacturers to
reduce investments and maintenance costs by eliminating regenerators and
recuperates. These crucial functions and advantages of oxygen in glass
manufacturing are expected to increase the demand for the gas in the
industry in the coming years.”
Nitrogen
Nitrogen is mainly used as a reductive gas to eliminate oxidizing agents
to prevent oxidation. The gas is used in various applications such as
the production of float glass semiconductors, metal treatment, chemical
processes, and in various processes in the oil and gas industry.
“Nitrogen or hydrogen atmosphere is used to avoid the oxidation of
tin to minimize the tin counts on the glass in the glass forming
process. Nitrogen is mostly used in glass forming, bubbling, and surface
treatment. The gas enhances the purity levels and optimizes the cost
incurred during the production of float glass. Therefore, the demand for
nitrogen is expected to grow at a steady rate in the coming years,”
says Krithika.
Hydrogen
Hydrogen gas is mainly used to create a reductive atmosphere or as an
energy carrier in fuel cell applications. It is used in various
industrial applications such as metal treatment, food hydrogenation,
chemical processes, fuel cell cars, and production of float glass and
semiconductors. In the glass industry, hydrogen is widely used for
ensuring flawless surface finish with sophisticated flame-based and
coating technologies for high-end glass products.
Many vendors are offering a range of pre- and post-mixed flame treatment
technologies based on oxygen and hydrogen to meet the rising demand from
different applications in the glass industry. The growing use of
high-end glass products may also trigger the demand for hydrogen gas in
the glass industry during the forecast period.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
Air Liquide
-
Air products and Chemicals
-
Linde Group
-
Messer Group
-
Praxair
Browse Related Reports:
Become a Technavio
Insights member and access all three of these reports for a
fraction of their original cost. As a Technavio Insights member, you
will have immediate access to new reports as they’re published in
addition to all 6,000+ existing reports covering segments like metals
and minerals, paints,
coatings, and pigments, and specialty
chemicals. This subscription nets you thousands in savings,
while staying connected to Technavio’s constant transforming research
library, helping you make informed business decisions more efficiently.
About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170607006422/en/
Copyright Business Wire 2017
