Overview and Scope
Industrial gases for the plastic and rubber industry are gases used in
industrial processes such as molding and extrusion. These gases have low
concentrations and are easily dissipated into the atmosphere, making them
excellent for industrial applications. It is used for increasing the energy
efficiency and productivity of manufacturing and curing processes of plastic
and rubber components.
Sizing and Forecast
The industrial gases for plastic & rubber industry market size has grown
strongly in recent years. It will grow from $6.86 billion in 2023 to $7.29
billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The
growth in the historic period can be attributed to expansion of the plastic and rubber
industry, increasing demand for plastic and rubber products, focus on
sustainable manufacturing, globalization of supply chains, development of
specialty gases, evolving regulatory standards..
The industrial gases for plastic & rubber industry market size is expected
to see strong growth in the next few years. It will grow to $9.43 billion in
2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be
attributed to focus on energy efficiency, demand for high-performance polymers,
rising automotive production, focus on circular economy, increased use of
composites, shift towards bio-based plastics, global trends in packaging
materials.. Major trends in the forecast period include adoption of cryogenic
gases for cooling and freezing, increasing use of hydrogen in polyethylene
production, focus on foam manufacturing with industrial gases, integration of
automation and control systems, customized gas solutions for specific
applications..
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Segmentation & Regional Insights
The industrial gases for plastic & rubber industry market covered in this
report is segmented –
1) By Gas Type: Nitrogen, Carbon Monoxide, Carbon Dioxide
2) By Storage and Distribution and Transportation: Cylinder and packaged gas
distribution, Merchant liquid distribution, Tonnage distribution
3) By Process: Injection molding, Extrusion, Foaming, Blow moulding
4) By End-Use: Plastic Industry, Rubber Industry
Asia-Pacific was the largest region in the industrial gases for plastic &
rubber industry market in 2023. The regions covered in the industrial gases for
plastic & rubber industry market report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in infrastructural development activities is expected to propel the
growth of the industrial gases for the plastic and rubber market going forward.
Infrastructure development provides essential foundational services to
encourage economic expansion and quality of life. Governments across the world
are increasing their spending on infrastructure development. Thus, the demand
for rubber and plastic components increases with infrastructure development
since those components are widely used in infrastructure activities. For
instance, in February 2021, according to the global infrastructure outlook by
G20 nations, an Australia-based government economic program, global spending on
infrastructure increased from USD 2.1 trillion in 2010 to USD 2.8 trillion in
2021 and is expected to increase to USD 3.3 trillion by 2030. As a result, the
growth in infrastructural development activity is propelling the growth of the
industrial gases for plastic & rubber industry market.
Key Industry Players
Major companies operating in the industrial gases for plastic & rubber
industry market report are Air Products and Chemicals Inc., Airgas Inc., Messer
Group, Novomer Inc., Praxair Inc., Taiyo Nippon Sanso Corp., The Linde Group,
Universal Industrial Gases Inc., Yingde Gases Group Co. Ltd., Reliance
Industries Limited, Bharat Petroleum, Supreme Industries Limited, HPCL-Mittal
Energy Limited, Gulf Cryo, Rotarex, Air Liquide S.A., Air Water Inc., Airgas
Dry Ice, Airtec Gases LLC, Asahi Kasei Corporation, Buzwair Industrial Gases
Factories, Chemours Company, Cryogenic Gases Inc., DOW Chemical Company,
Iwatani Corporation, Matheson Tri-Gas Inc., Showa Denko K.K.
The industrial gases for plastic & rubber industry market report table of
contents includes:
1. Executive Summary
2.
Industrial Gases for Plastic & Rubber Industry Market Characteristics
3.
Industrial Gases for Plastic & Rubber Industry Market Trends And Strategies
4.
Industrial Gases for Plastic & Rubber Industry Market - Macro Economic
Scenario
5. Global
Industrial Gases for Plastic & Rubber Industry Market Size and Growth
.
31. Global Industrial Gases for Plastic & Rubber Industry Market
Competitive Benchmarking
32. Global
Industrial Gases for Plastic & Rubber Industry Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Industrial Gases for Plastic & Rubber
Industry Market
34.
Industrial Gases for Plastic & Rubber Industry Market Future Outlook and
Potential Analysis
35.
Appendix
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