1h Free Analyst Time
The Industrial Gases for Plastic & Rubber Industry Market grew from USD 7.57 billion in 2023 to USD 7.99 billion in 2024. It is expected to continue growing at a CAGR of 5.73%, reaching USD 11.18 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The industrial gases market for the plastic and rubber industry is defined by the provision of gases such as nitrogen, carbon dioxide, oxygen, and hydrogen that are critical in manufacturing processes, including extrusion, molding, and curing. The necessity of these gases lies in their roles in enhancing product quality, process efficiency, and safety. For example, nitrogen is used for blanketing and purging, ensuring an inert environment, while carbon dioxide is utilized in foaming processes to create lightweight products. End-use sectors predominantly include automotive, construction, packaging, and consumer goods, where enhanced durability and performance of plastic and rubber components are crucial.
Market growth is driven by advancements in production technologies and the increasing demand for lightweight materials in automotive and aerospace industries, which are compelled by regulatory and environmental imperatives for fuel efficiency. However, challenges such as the fluctuating prices of raw materials and stringent environmental regulations may hinder growth. Additionally, the high initial investment and operational costs associated with gas processing and delivery infrastructure pose significant barriers for new entrants.
To capitalize on market opportunities, companies should invest in research and development to innovate eco-friendly and cost-effective gas application solutions. Emerging trends such as the integration of IoT and AI in gas delivery systems and the development of sustainable gases from renewable sources present substantial potential for growth. Furthermore, expanding into emerging markets where industrial growth is robust, and regulations are continually evolving, can offer lucrative avenues. Companies should also focus on developing partnerships and collaborations to enhance technology and application development. Nevertheless, they must navigate challenges such as regulatory compliance and costs by investing in efficient supply chain and risk management strategies. Overall, the market presents an array of opportunities for innovation, particularly in sustainability and efficiency improvements, which are integral to future growth.
Understanding Market Dynamics in the Industrial Gases for Plastic & Rubber Industry Market
The Industrial Gases for Plastic & Rubber Industry Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.- Market Drivers
- Growing use to ence production efficiency in plastic and rubber industry
- Inclination toward energy efficient production
- Stringent environmental regulations and adoption of sustainable manufacturing practices
- Market Restraints
- High cost of installation and maintenance
- Market Opportunities
- Advancements in gas production and distribution technologies
- Rapid expansion of rubber and plastic industries
- Market Challenges
- Safety concerns associated with industrial gases
Exploring Porter’s Five Forces for the Industrial Gases for Plastic & Rubber Industry Market
Porter’s Five Forces framework further strengthens the insights of the Industrial Gases for Plastic & Rubber Industry Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.Applying PESTLE Analysis to the Industrial Gases for Plastic & Rubber Industry Market
External macro-environmental factors deeply influence the performance of the Industrial Gases for Plastic & Rubber Industry Market, and the PESTLE analysis provides a comprehensive framework for understanding these influences. By examining Political, Economic, Social, Technological, Legal, and Environmental elements, this analysis offers organizations critical insights into potential opportunities and risks. It also helps businesses anticipate changes in regulations, consumer behavior, and economic trends, enabling them to make informed, forward-looking decisions.Analyzing Market Share in the Industrial Gases for Plastic & Rubber Industry Market
The Industrial Gases for Plastic & Rubber Industry Market share analysis evaluates vendor performance. This analysis provides a clear view of each vendor’s standing in the competitive landscape by comparing key metrics such as revenue, customer base, and other critical factors. Additionally, it highlights market concentration, fragmentation, and trends in consolidation, empowering vendors to make strategic decisions that enhance their market position.Evaluating Vendor Success with the FPNV Positioning Matrix in the Industrial Gases for Plastic & Rubber Industry Market
The Industrial Gases for Plastic & Rubber Industry Market FPNV Positioning Matrix is crucial in evaluating vendors based on business strategy and product satisfaction levels. By segmenting vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), and Vital (V) - this matrix helps users make well-informed decisions that best align with their unique needs and objectives in the market.Strategic Recommendations for Success in the Industrial Gases for Plastic & Rubber Industry Market
The Industrial Gases for Plastic & Rubber Industry Market strategic analysis is essential for organizations aiming to strengthen their position in the global market. A comprehensive review of resources, capabilities, and performance helps businesses identify opportunities for improvement and growth. This approach empowers companies to navigate challenges in the increasingly competitive landscape, ensuring they capitalize on new opportunities and align with long-term success.Key Company Profiles
The report delves into recent significant developments in the Industrial Gases for Plastic & Rubber Industry Market, highlighting leading vendors and their innovative profiles. These include Air Liquide S.A., Air Products and Chemicals, Inc., Asia Technical Gas Co Pte Ltd., BASF SE, Bharat Petroleum Corporation Limited, DuPont de Nemours, Inc., Ellenbarrie Industrial Gases Ltd., Iwatani Corporation, Kayaku Advanced Materials, Inc., Messer Group, NIPPON SANSO HOLDINGS CORPORATION, Novomer Inc., PT Samator Indo Gas TBK, Rotarex, Sapio Group, Shin-Etsu Chemical Co., Ltd., Siad Macchine Impianti S.p.A., SOL SPA, Supreme Industries Limited, Taiyo Nippon Sanso Corp., The Linde Group, Tokyo Ohka Kogyo Co. Ltd., Universal Industrial Gases, Inc., and Yingde Gases Group Co., Ltd..Market Segmentation & Coverage
This research report categorizes the Industrial Gases for Plastic & Rubber Industry Market to forecast the revenues and analyze trends in each of the following sub-markets:- Gas Type
- Carbon Dioxide
- Carbon Monoxide
- Nitrogen
- Application
- Blow Molding
- Extrusion
- Foaming
- Injection Molding
- Distribution & Transportation
- Cylinder & Packaged Gas Distribution
- Merchant Liquid Distribution
- Tonnage Distribution
- End-Use
- Plastic
- Rubber
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Industrial Gases for Plastic & Rubber Industry Market, by Gas Type
7. Industrial Gases for Plastic & Rubber Industry Market, by Application
8. Industrial Gases for Plastic & Rubber Industry Market, by Distribution & Transportation
9. Industrial Gases for Plastic & Rubber Industry Market, by End-Use
10. Americas Industrial Gases for Plastic & Rubber Industry Market
11. Asia-Pacific Industrial Gases for Plastic & Rubber Industry Market
12. Europe, Middle East & Africa Industrial Gases for Plastic & Rubber Industry Market
13. Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
The leading players in the Industrial Gases for Plastic & Rubber Industry Market, which are profiled in this report, include:- Air Liquide S.A.
- Air Products and Chemicals, Inc.
- Asia Technical Gas Co Pte Ltd.
- BASF SE
- Bharat Petroleum Corporation Limited
- DuPont de Nemours, Inc.
- Ellenbarrie Industrial Gases Ltd.
- Iwatani Corporation
- Kayaku Advanced Materials, Inc.
- Messer Group
- NIPPON SANSO HOLDINGS CORPORATION
- Novomer Inc.
- PT Samator Indo Gas TBK
- Rotarex
- Sapio Group
- Shin-Etsu Chemical Co., Ltd.
- Siad Macchine Impianti S.p.A.
- SOL SPA
- Supreme Industries Limited
- Taiyo Nippon Sanso Corp.
- The Linde Group
- Tokyo Ohka Kogyo Co. Ltd.
- Universal Industrial Gases, Inc.
- Yingde Gases Group Co., Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 198 |
Published | October 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 7.99 Billion |
Forecasted Market Value ( USD | $ 11.18 Billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |