Industrial Gases for Plastic and Rubber Industry

Global Industrial Gases for Plastic and Rubber Industry Market to Reach US$7.2 Billion by 2030

The global market for Industrial Gases for Plastic and Rubber Industry estimated at US$5.0 Billion in the year 2023, is expected to reach US$7.2 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. Nitrogen Gas, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the Carbon Monoxide Gas segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.3 Billion While China is Forecast to Grow at 8.1% CAGR

The Industrial Gases for Plastic and Rubber Industry market in the U.S. is estimated at US$1.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

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.

Select Competitors (Total 36 Featured) -

• 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.

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