Industrial gases are those materials that are widely used in oil & gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, pharmaceuticals, food, water, fertilizers, electronics, nuclear power and aerospace. Mainly nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene is used. The industry producing these gases is known to be industrial gases industry. The business structure comprises sale and hire of gas cylinders and relevant equipment to businesses and occasionally to the common public. Industrial gas is sold to several other industrial enterprises that range from small orders to bulky orders from multinational corporate clients where a building or a process facility is required to cover. Thus, a wide variety of small gas containers/carriers that are handy and may be called as cylinders, bottles or capsules are available to supply LPG, butane, propane, carbon dioxide or nitrous oxide.
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The major driving forces for the global growth of industrial gases for plastic and rubber market include growing demand in various applications in the food & beverage, construction, healthcare, automobiles, electrical & electronics and manufacturing sectors. Additionally, growing industrialization across the globe and the growing need for industrial gases for plastic & rubber industry propels the market growth, too. However, the market growth refrains due to regulatory and structural instructions. Also, costs associated with gas processing are another major challenge plus variation in demand patterns & advancements of alternative technologies is expected to curtail the market growth. Overall, the global industrial gases market is expected to witness a double-digit CAGR growth during the forecast period.
On the basis of gas type, the segmentation for global market of industrial gases for plastic and rubber market includes nitrogen, carbon monoxide & carbon dioxide. Nitrogen is the rapidly growing market segment of industrial gases owing to wide applications in the beverage, automobile, packaging, healthcare and construction sectors. It is projected to be the fastest growing segment at the higher CAGR over the forecast period.
On the basis of process, the global market of industrial gases for plastic and rubber market includes injection molding, extrusion, blow molding & foaming. Injection molding accounts for largest market share and is expected to continue its dominance over the forecast period as it is the most widely used method for processing plastic and rubber into end products. It is the fastest growing segment ensuing to high versatility and application of injection molding.
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Based on storage & distribution and transportation, the global market of industrial gases for plastic and rubber market includes cylinder & packaged gas distribution, merchant liquid distribution and tonnage distribution. Based on end use, the global market of industrial gases for plastic and rubber market includes plastic and rubber. On the basis of geographic segmentation, the global market of industrial gases for plastic and rubber market spans North America, Europe, Asia-Pacific, Middle-East & Africa. China is expected to dominate the APAC market due to presence of large number of manufacturers and suppliers of industrial gases for the plastic & rubber industry. North America is expected to witness higher growth CAGR for the forecast period, followed by Europe. Middle-east regions are expected to witness moderate growth rate during the forecast period. The key players in the global market of industrial gases for plastic and rubber market include Air Liquide S.A., the Linde group, Praxair Inc., Air products & chemicals Inc., and Airgas Inc. Various strategies adopted by the market players include product launches, mergers and acquisitions, agreements and expansions.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Industrial Gases for Plastic & Rubber Industry in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
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Global Industrial Gases for Plastic & Rubber Industry market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Praxair (US)
• Airgas (US)
• The Linde Group (Germany)
• Air Liquide (France)
• Air Products and Chemicals (US)
• Universal Industrial Gases (US)
• Messer Group (Germany)
• Taiyo Nippon Sanso (Japan)
• Novomer (US)
• Yingde Gases Group (China)
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Carbon Monoxide
• Carbon Dioxide
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Industrial Gases for Plastic & Rubber Industry for each application, including
• Plastic Industry
• Rubber Industry
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