Market - - Jun 19,2017
The importance of industrial gases in the glass industry has surged significantly to boost its market with a steady CAGR growth of more than 6% by 2021.
Glass is chosen to package food and other materials because it is chemically inert, pure, and safe. Moreover, it has the ability to retain the freshness of the enclosed products for a much longer time. In the current time, the glass packing industry is indeed offering a positive influence on the demand of industrial gases for the glass industry.
As per a report published by Market Research Hub (MRH), the worldwide industrial gases market for the glass industry is anticipated to steadily grow at a CAGR of more than 6% by the end of 2021. Presently, the market for industrial gases comprises of oxygen, hydrogen, acetylene, and nitrogen.
As per the statistics recorded in 2016, the oxygen gas segment grabbed the major shares in the industrial gases market for the glass industry. It is important to know that, the advantages of oxygen gas like reduction in carbon footprint as well as controlled emissions push the growth of the segment quite prominently. Also, the use of oxygen reduces maintenance costs and investments, which surely would work to rise the demand for oxygen in the upcoming years.
The distribution of industrial gases is managed through different options. The popular distribution sources include Cylinder and packaged distribution, Tonnage distribution and Mechant liquid distribution. Interestingly, cylinder and packaged distribution mode provide various benefits such as low-cost and easy transportation; it is also compatible with all types of industrial gases.
The market for industrial gases is occupied by key vendors like Air Liquide, Linde Group, Air products and Chemicals, Praxair, CRYOTEC Anlagenbau, Messer Group, Gulf Cryo, Taiyo Nippon Sanso, Matheson Tri-Gas and Wselsco.
For more information on this report visit- http://www.marketresearchhub.com/report/global-industrial-gases-market-for-glass-industry-2017-2021-report.html