The industrial gases for plastic & rubber industry global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Industrial Gases for Plastic & Rubber Industry Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The industrial gases for plastic & rubber industry market size has grown strongly in recent years. It will grow from <b>$6.86 billion in 2023 to $7.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. </b> 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 <b>$9.43 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. </b> 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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Scope Of Industrial Gases for Plastic & Rubber Industry Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Gases for Plastic & Rubber Industry Market Overview
Market Drivers –
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.
Market Trends –
Technological advancements are a key trend gaining popularity in the industrial gases for plastic & rubber industry markets. Major companies in the industrial gases for plastic & rubber industry market are innovating new products and technologies that are providing customers with more options. For instance, in March 2021, Total Oil India Private Limited (TOIPL), an India-based petroleum and oil company, launched an innovative LPG cutting gas. The new gas is an ideal alternative to the most used gas, acetylene, which is difficult to handle and highly flammable. This new gas is safer to handle and has superior performance.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Industrial Gases for Plastic & Rubber Industry Market Report Structure
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
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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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