The global market for Industrial Gases for Plastic and Rubber Industry was estimated at US$5.0 Billion in 2023 and is projected to reach US$7.2 Billion by 2030, growing at a CAGR of 5.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Industrial Gases for Plastic and Rubber Industry Market - Key Trends and Drivers Summarized
Why Are Industrial Gases Critical in the Plastic and Rubber Industry?
Industrial gases such as nitrogen, oxygen, and carbon dioxide play an essential role in the plastic and rubber industries, enhancing production efficiency and improving product quality. Nitrogen, for instance, is widely used in injection molding processes to reduce oxidation and improve product consistency, while carbon dioxide is utilized in foaming processes to create lightweight and durable products. Oxygen is often employed in flame treatment to enhance the adhesion properties of plastic surfaces before painting or coating. These gases help optimize production processes, reduce defects, and ensure consistency in the final products. As the plastic and rubber industries continue to expand, the demand for industrial gases as part of the manufacturing process is expected to grow.How Are Technological Advancements Shaping the Industrial Gases Market for Plastic and Rubber Industries?
Technological advancements are significantly enhancing the efficiency and application of industrial gases in the plastic and rubber industries. Innovations in gas delivery systems, such as on-site gas generation and cryogenic gas technologies, are providing manufacturers with more reliable and cost-effective solutions. The integration of advanced gas flow control systems allows for more precise gas dosing, which is particularly important in processes like gas-assisted injection molding and extrusion. Additionally, the development of more environmentally friendly gases and greener production technologies is aligning with industry trends towards sustainability, helping manufacturers reduce their carbon footprint and improve energy efficiency. These advancements are making industrial gases more versatile and essential in optimizing plastic and rubber manufacturing processes.How Do Market Segments Define the Growth of Industrial Gases in the Plastic and Rubber Industry?
Gas types include nitrogen, carbon dioxide, oxygen, and hydrogen, with nitrogen leading the market due to its widespread use in preventing oxidation during plastic production. Applications include injection molding, extrusion, and foaming, with injection molding accounting for the largest market share as nitrogen plays a key role in reducing defects and enhancing product quality. End-use sectors include automotive, packaging, consumer goods, and healthcare, with the automotive and packaging industries driving the most significant demand as these sectors require high precision and quality in plastic and rubber components.What Factors Are Driving the Growth in the Industrial Gases Market for Plastic and Rubber Industries?
The growth in the industrial gases market for plastic and rubber industries is driven by several factors, including the increasing demand for high-quality plastic and rubber products, advancements in gas technologies, and the growing emphasis on sustainability. As industries like automotive, packaging, and healthcare demand more precision in plastic and rubber components, the need for industrial gases to optimize manufacturing processes is increasing. Technological innovations that improve gas delivery and control systems are further enhancing production efficiency and product consistency. Additionally, the rising focus on sustainable manufacturing practices is driving the adoption of eco-friendly industrial gases, particularly in regions with stringent environmental regulations, further contributing to market growth.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Nitrogen Gas segment, which is expected to reach US$3.4 Billion by 2030 with a CAGR of a 6.0%. The Carbon Monoxide Gas segment is also set to grow at 5.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $1.3 Billion in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $1.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Gases for Plastic and Rubber Industry Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Gases for Plastic and Rubber Industry Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Gases for Plastic and Rubber Industry Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Industrial Gases for Plastic and Rubber Industry market such as Air Liquide S.A., Air Products and Chemicals, Inc., Airgas Inc., Messer Group, Novomer Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 36 companies featured in this Industrial Gases for Plastic and Rubber Industry market report include:
- Air Liquide S.A.
- 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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Air Liquide S.A.
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 5 Billion |
| Forecasted Market Value ( USD | $ 7.2 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
