5 March 2019 - 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.
Industrial Gases for Plastic & Rubber Breakdown Data by Type
- Nitrogen
- Carbon Monoxide
- Carbon Dioxide
- Other
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.
Industrial Gases for Plastic & Rubber Breakdown Data by Application
- Plastic Industry
- Rubber Industry
On the basis of 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. 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.
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This report focuses on the top manufacturers' Industrial Gases for Plastic & Rubber capacity, production, value, price and market share of Industrial Gases for Plastic & Rubber in global market. The following manufacturers are covered in this report:
- 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)
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