Industrial Gases for Plastic & Rubber Industry Market Poised to Reach $10.27 billion by 2029: Key Drivers, Trends, and Forecast

The industrial gases for plastic & rubber industry market size has seen a significant increase in recent years. The market grew from $7.24 billion in 2024 to $7.67 billion in 2025 with a compound annual growth rate (CAGR) of 5.9%. This robust growth was bolstered by the expansion of the plastic and rubber industry, increasing demands for plastic and rubber products, a stronger emphasis on sustainable manufacturing, globalization of supply chains, the development of specialty gases as well as evolving regulatory standards.

Looking ahead, the market remains poised for strong growth. It is predicted to reach $10.27 billion in 2029, at a CAGR of 7.6%. Key drivers for this future growth include increased focus on energy efficiency, rising demand for high-performance polymers, escalation in automotive production, a shift towards a circular economy, increased usage of composites and bio-based plastics, along with a global shift in packaging materials.

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What are the Key Drivers for the Industrial Gases for Plastic & Rubber Industry Market?
Significant infrastructural development activities worldwide are major drivers for the industrial gases for the plastic and rubber market. Governments’ increased spending on infrastructure development has led to a surge in demand for rubber and plastic components, which are widely used in infrastructural activities.

For instance, in February 2024, according to the Infrastructure and Projects Authority, there was a planned investment of £164 billion in major infrastructure and construction projects for 2024/25, exceeding the previous year. The total projected investments for the next decade are estimated to reach between £700 billion and £775 billion. As infrastructure development fuels demand for rubber and plastic components, the industrial gases for plastic & rubber industry market will see sustained growth.

What are the Major Segments in the Industrial Gases for Plastic & Rubber Industry Market?
The following are the key segments in the industrial gases for plastic & rubber industry market:
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 Molding
4) By End-Use: Plastic Industry, Rubber Industry

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Which are the Major Players in the Industrial Gases for Plastic & Rubber Industry Market?
Major companies operating in the industrial gases for plastic & rubber industry market include Air Products and Chemicals Inc., Airgas Inc., Messer Group, Praxair Inc., Taiyo Nippon Sanso Corp., The Linde Group, Universal Industrial Gases Inc., Yingde Gases Group Co. Ltd., Reliance Industries Limited, Bharat Petroleum, Gulf Cryo, Rotarex, Air Liquide S.A., Air Water Inc., Airtec Gases LLC, Buzwair Industrial Gases Factories, Chemours Company, Cryogenic Gases Inc., DOW Chemical Company, Iwatani Corporation, Matheson Tri-Gas Inc., Showa Denko K.K.

What Trends are Emerging in the Industrial Gases for Plastic & Rubber Industry Market?
Innovative companies in the industrial gases for the plastic and rubber industry market are focusing on developing new technological solutions. For example, cryogenic cleaning systems, which enhance efficiency and reduce environmental impact in manufacturing processes that transform cryogenic media such as liquid nitrogen or carbon dioxide into a gas to clean surfaces and materials.

Which Region Dominates the Industrial Gases for Plastic & Rubber Industry Market?
In 2024, Asia-Pacific was the largest region in the industrial gases for plastic & rubber industry market.
What Does The Industrial Gases for Plastic & Rubber Industry Market Report 2025 Offer?
Industrial gases for the plastic and rubber industry are gases utilized in industrial processes such as molding and extrusion. These gases, with low concentrations and easily dissipated into the atmosphere, are excellent for industrial applications, boosting the energy efficiency and productivity of manufacturing and curing processes of plastic and rubber components. The Industrial Gases for Plastic & Rubber Industry Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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