Mergers & acquisitions was the major strategy adopted by most players in the Industrial Gases-Glass Industry Market
The market for industrial gases in the glass industry is projected to grow from USD 2.57 Billion in 2015 to reach USD 3.49 Billion by 2020, at an estimated CAGR of 6.29.
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204 market data tables with 60 figures spread through 245 pages and in-depth
TOC on "Industrial
the industrial gases market in the glass industry is
segmented on the basis of type, glass type, function, transportation mode, and
region. On the basis of type, the hydrogen segment held the largest market
share, in terms of value, while oxygen was the most widely used industrial gas,
in terms of volume. The container glass segment accounted for the largest share
of the market, in terms of both, volume and value, among all glass types. The
transportation mode segment was dominated by the cylinder & packaged gas
distribution segment. In terms of function, the market is segmented into
forming & melting, atmospheric control, finishing & polishing, and
others. The forming & melting function segment is projected to grow at the
highest rate, during the forecast period.
On the basis of key regions, the
market for industrial gases in the glass industry is segmented into North
America, Europe, Asia-Pacific, and Rest of the World (RoW). The Asia-Pacific
region held the largest share among all regions in 2014. This is mainly due to
emerging economies in China and India, coupled with growing applications of
glass in the construction and automotive industries.
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Oxygen to gain maximum traction
during the forecast period
Oxygen is a primary
industrial gas required for any combustion process. New technologies such as
oxygen-enhanced combustion and oxy-fuel combustion are based on oxygen.
A slight increase in
oxygen concentration of the combustion air results in the rise of flame
temperature, improvement in heat transfer rates, and increase in the overall
efficiency of combustion. Oxy-fuel combustion improves glass quality and also
burns less fuel more efficiently.
It reduces nitrous
and CO2 emissions drastically, which helps in meeting the regulatory emission
requirements. Thus, it is considered to be a sustainable technique for glass
manufacturing.
Apart from the
manufacturing of glass, oxygen is also used in other functions such as melting,
forming, polishing, and finishing of glass & glass products.
Asia-Pacific to play
a key role in the market for industrial gases in the glass industry.
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On the basis of key
regions, the market for industrial gases in the glass industry is segmented
into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The
Asia-Pacific region held the largest share among all the regions in 2014.
This is mainly due
to emerging economies in China and India, coupled with growing applications of
glass in the construction and automotive industries.
The scope of the
report covers detailed information regarding the major factors influencing the
growth of the market for industrial gases in the glass industry such as
drivers, restraints, challenges, and opportunities. A detailed analysis of the
key industry players has been conducted to provide insights into their business
overview, products & services, key strategies, new product launches,
mergers & acquisitions, partnerships, agreements, joint ventures, and
recent developments associated with the market for industrial gases in the
glass industry.
Know More Information at https://www.prnewswire.com/in/news-releases/industrial-gases-glass-industry-market-worth-349-billion-usd-by-2020-562601731.html
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