Industrial Gases Plastic Rubber Industry Market Research Report By Product Type (Hydrogen, Nitrogen, Oxygen, Carbon Dioxide, Acetylene, Argon, Helium, Nitrous Oxide), By Application (Polymer Production, Rubber Manufacturing, Manufacturing and Fabrication, Food and Beverage Processing, Medical and Healthcare, Electronics and Semiconductors, Metals and Mining), By End-Use Industry (Automotive and Transportation, Construction, Packaging, Pharmaceuticals, Electronics, Metals and Metalworking, Chemicals and Petrochemicals), By Distribution Chann

Global Industrial Gases Plastic Rubber Industry Market Overview

As per MRFR analysis, the Industrial Gases Plastic Rubber Industry Market Size was estimated at 98.59 (USD Billion) in 2022. The Industrial Gases Plastic Rubber Industry Market Industry is expected to grow from 101.79(USD Billion) in 2023 to 135.6 (USD Billion) by 2032. The Industrial Gases Plastic Rubber Industry Market CAGR (growth rate) is expected to be around 3.24% during the forecast period (2024 - 2032).

Key Industrial Gases Plastic Rubber Industry Market Trends Highlighted

The market of Industrial Gases Plastic Rubber Industry market is primed for transformative changes in the coming years. The increasing adoption of sustainable practices across the plastic and rubber sectors is driving the demand for environmentally friendly industrial gases. The integration of advanced technologies, such as automation and data analytics, is streamlining operations and enhancing efficiency in the production and distribution of industrial gases. Moreover, the growing demand for lightweight and high-performance materials in the automotive and aerospace sectors is fueling the need for specialized industrial gases used in manufacturing processes.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Industrial Gases Plastic Rubber Industry Market Drivers

Growing Demand for Industrial Gases in Plastic and Rubber Production

The main factor that contributes to the growth of the industrial gas market is the growing production of plastics and rubber. Both plastics and rubber are used in various industrial sectors, such as automotive, construction, and packaging. Unsurprisingly, demand for these materials and the products containing them grows. Industrial gases are used to improve the properties of plastics. For example, nitrogen is used to create inert atmospheres in which the material is produced.Oxygen, in turn, is used to strengthen rubber and make it tougher. Both the production of plastics and the processing of rubber, due to the growing demand for their products, fuel the growth of the industrial gas market. Furthermore, along with the growing demand for plastics and rubber, the increased use of industrial gases for other purposes, which are associated with the growing demand for their end products, such as semiconductors, glass, and metals, also drive the growth of the industrial gases market.The industrial gases market is further accelerated by the increasing use of new technologies for example, 3D printing increases the demand for industrial gases. 3D printing is a technology that employs industrial gases at every step of the manufacturing process, from creating complex shapes and structures. All in all, the growing production of plastics and rubber, which triggers the increasing demand for industrial gases, as well as the increased use of industrial gases for their applications and the adoption of new technologies, is expected to facilitate the growth of the Industrial Gases Plastic Rubber Industry Market.

Increasing Stringency of Environmental Regulations

The increasing stringency of environmental regulations is another factor that drives the growth of the industrial gas market. Industrial gases can help reduce emissions from industrial processes. For example, nitrogen can be used to reduce NOx emissions from power plants, while oxygen can increase the efficiency of combustion processes. Thus, the increasing stringency of environmental regulations is expected to drive the growth of the industrial gas market.Another factor that is expected to drive the growth of the industrial gases market is the increasing awareness of the environmental impact of industrial processes. More consumers are demanding products that are produced in an environmentally friendly manner. This is expected to lead to a rise in the demand for industrial gases. The industrial gas market is also expected to profit from the increasing adoption of renewable energy sources. The production of renewable energy sources, such as solar and wind power, requires the use of industrial gases.The increasing adoption of renewable energy sources is expected to drive the growth of the industrial gas market.

Technological Advancements in Industrial Gas Production

Among the factors that are influencing the growth of the Industrial Gases Plastic Rubber Industry Market, the role of technological advancements in industrial gas production should not be ignored. The development of more and more efficient industrial gas production technologies is facilitating the growth of the market in question. For example, the expected development of new membrane technologies is likely to drive down the cost of O2 and N2 production.The expected development of new cryogenics technologies will make industrial gas production more efficient. The other important trend that can be identified in this context is that the use of automation is increasing in the target context. With the use of automation, the costs of the production of industrial gases decrease, and the quality of the produced gases improves. For this reason, one is likely to assume that the use of automation will continue to drive the growth of the market.

Industrial Gases Plastic Rubber Industry Market Segment Insights

Industrial Gases Plastic Rubber Industry Market Product Type Insights

The Industrial Gases Plastic Rubber Industry Market is segmented by product type, and the included segments are Hydrogen, Nitrogen, Oxygen, Carbon Dioxide, Acetylene, Argon, Helium and Nitrous Oxide. Nitrogen accounted for over 55% of the revenue in 2023, and the report states that it will see stable demand for the next several years due to its large set of applications in the manufacturing of plastics, such as polyethylene and polypropylene. The segment of oxygen, on the contrary, will experience the most significant forecasted growth due to its increased use in all industrial processes, such as metalworking, glass making and CO2 water treatment.Even Hydrogen, although having less demand compared to the above products, is expected to see a demand increase due to its usage in the production of chemicals and fertilizers, as well as its status as the cleanest fuel type. All of the other product types, which include Carbon Dioxide, Acetylene, Argon, Helium, and Nitrous Oxide, account for about 13% of the revenue each and will see an increase in demand as well. The Industrial Gases Plastic Rubber Industry Market will reach 112.5 billion USD by 2028, given that it will develop at a CAGR rate of 3.6% during the forecast period.The demand will be mostly driven by the end-use industries, mainly plastics, rubber, and chemical types.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Industrial Gases Plastic Rubber Industry Market Application Insights

The Industrial Gases Plastic Rubber Industry Market is segmented by Application into Polymer Production, Rubber Manufacturing, Manufacturing and Fabrication, Food and Beverage Processing, Medical and Healthcare, Electronics and Semiconductors and Metals and Mining. Out of these applications, the polymer production segment accounted for the largest share of the market in 2023 and is expected to continue to grow at a significant CAGR during the forecast period. This growth is attributed to the increasing demand for plastics in the automotive, packaging, and construction industries.Meanwhile, the rubber manufacturing segment is expected to grow at a steady CAGR during the forecast period, which is attributed to the increasing demand for rubber in the automotive, tire manufacturing, and construction industries. The manufacturing and fabrication segment is expected to grow at a moderate CAGR during the forecast period, which is attributed to the increasing demand for industrial gases in welding, cutting, and heat treatment processes. Furthermore, the food and beverage processing segment is expected to grow at a steady CAGR during the forecast period, which is attributed to the increasing demand for industrial gases in carbonation, freezing and packaging processes.The medical and healthcare segment is expected to grow at a significant CAGR during the forecast period, which is attributed to the increasing demand for industrial gases in anesthesia, surgery, and diagnostics. The electronics and semiconductors segment is expected to grow at a moderate CAGR during the forecast period, which is attributed to the increasing demand for industrial gases in etching, deposition, and doping. Finally, the metals and mining segment is expected to grow at a steady CAGR during the forecast period, which is attributed to the increasing demand for industrial gases in metalworking, welding, and heat treatment applications.

Industrial Gases Plastic Rubber Industry Market End-Use Industry Insights

The End-Use Industry segment plays a crucial role in shaping the Industrial Gases Plastic Rubber Industry Market. Among the key end-use industries, Automotive and Transportation hold a significant share, driven by the rising demand for lightweight and fuel-efficient vehicles. Construction, Packaging, and Pharmaceuticals also contribute substantially to market growth. Electronics, Metals and Metalworking, and Chemicals and Petrochemicals are other notable end-use industries, each with specific gas requirements for manufacturing and processing.

Industrial Gases Plastic Rubber Industry Market Distribution Channel Insights

The Industrial Gases Plastic Rubber Industry Market is expected to grow significantly in the coming years, driven by increasing demand from various end-use industries. The market is segmented into various distribution channels, including direct sales, distributors and agents, and e-commerce. Direct Sales accounted for the largest share of the Industrial Gases Plastic Rubber Industry Market revenue in 2023 and is expected to continue to dominate the market over the forecast period. This is primarily due to the strong relationships between manufacturers and end-users, which allows for better customization and support.Distributors and Agents play a crucial role in expanding the reach of manufacturers, particularly in regions with limited direct sales presence. They provide local expertise and distribution networks, enabling manufacturers to access new markets and customer segments. E-commerce is gaining traction as a distribution channel for Industrial Gases Plastic Rubber Industry, offering convenience, transparency, and a wider product selection for customers. The Industrial Gases Plastic Rubber Industry Market is highly competitive, with several major players operating globally.These companies are focusing on innovation, product development, and strategic partnerships to gain a competitive edge. The market is also characterized by the presence of regional and local players who cater to specific geographic markets and customer requirements.

Industrial Gases Plastic Rubber Industry Market Regional Insights

The Industrial Gases Plastic Rubber Industry Market is segmented into North America, Europe, APAC, South America and MEA. The Industrial Gases Plastic Rubber Industry Market in North America is expected to witness significant growth over the forecast period due to the increasing demand for industrial gases in the region's automotive and manufacturing sectors. The European market is also expected to grow steadily, driven by the growing demand for industrial gases in the region's chemical and pharmaceutical industries. The APAC region is anticipated to be the fastest-growing market for industrial gases, owing to the rapid industrialization and urbanization in the region.The South American and MEA markets are expected to grow at a moderate pace, driven by the increasing demand for industrial gases in the region's oil and gas and mining industries.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Industrial Gases Plastic Rubber Industry Market Key Players And Competitive Insights

Major players in Industrial Gases Plastic Rubber Industry Market industry are constantly striving to outpace rivals by offering innovative solutions and expanding their footprint. Through strategic partnerships, acquisitions and mergers, these leading Industrial Gases Plastic Rubber Industry Market players are consolidating their market position and gaining a competitive edge. Key players are investing heavily in research and development (R&D) to develop advanced technologies and enhance their product offerings, catering to the evolving needs of customers. The Industrial Gases Plastic Rubber Industry Market industry has witnessed notable developments in recent years, such as the adoption of green and sustainable practices, digitalization and automation. Industry leaders are leveraging these trends to create a more efficient, environmentally friendly, and customer-centric Industrial Gases Plastic Rubber Industry Market ecosystem. To maintain their competitive advantage, leading players are focusing on expanding their geographical presence, particularly in emerging regions, to capitalize on growth opportunities.Among the leading players in the Industrial Gases Plastic Rubber Industry Market market, Linde holds a prominent position. The company has a wide-ranging product portfolio, catering to various industries, including plastic and rubber manufacturing. Linde's commitment to innovation has resulted in the development of cutting-edge technologies, such as cryogenic freezing and carbon dioxide applications, which provide customers with enhanced efficiency and cost savings. The company's presence and robust distribution network enable it to serve customers effectively across different regions. Linde is actively involved in strategic partnerships and collaborations to strengthen its market position and expand its offerings.Air Liquide is another notable competitor in the Industrial Gases Plastic Rubber Industry Market market. With a strong focus on sustainability, the company offers eco-friendly solutions, such as carbon capture and utilization technologies, to reduce environmental impact. Air Liquide's extensive research and development capabilities have led to the development of innovative products, including advanced welding gases and laser cutting technologies, which enhance productivity and safety in manufacturing processes. The company's reach and customer-centric approach have positioned it as a reliable partner for businesses in the plastic and rubber industry.

Key Companies in the Industrial Gases Plastic Rubber Industry Market Include

• Gasunie


• Chart Industries


• SIAD


• Taiyo Nippon Sanso Corporation


• Linde


• Solvay


• Nippon Gases


• Praxair


• BOC (The Linde Group)


• Air Products and Chemicals


• Beijing Air Products Co., Ltd.


• Iwatani Corporation


• Inox Air Products


• Messer Group


• Air Liquide

Industrial Gases Plastic Rubber Industry Market Industry Developments

The Industrial Gases Plastic Rubber Industry market is expected to reach USD 135.6 billion by 2032, exhibiting a CAGR of 3.24% during the forecast period (2024-2032). The market growth is attributed to the rising demand for industrial gases in the manufacturing of plastics and rubber products. The increasing use of plastics in packaging, construction, and automotive industries is driving the demand for industrial gases such as oxygen, nitrogen and argon. Additionally, the growing demand for rubber in tires, hoses, and seals is further propelling the market growth. The market is also witnessing the emergence of new technologies, such as the use of carbon dioxide as a blowing agent in the production of plastics, which is expected to create new growth opportunities in the coming years.

Industrial Gases Plastic Rubber Industry Market Segmentation Insights

• Industrial Gases Plastic Rubber Industry Market Product Type Outlook
  
  
  
  • Hydrogen
  
  
  • Nitrogen
  
  
  • Oxygen
  
  
  • Carbon Dioxide
  
  
  • Acetylene
  
  
  • Argon
  
  
  • Helium
  
  
  • Nitrous Oxide
  
  
  
  

• Industrial Gases Plastic Rubber Industry Market Application Outlook
  
  
  
  • Polymer Production
  
  
  • Rubber Manufacturing
  
  
  • Manufacturing and Fabrication
  
  
  • Food and Beverage Processing
  
  
  • Medical and Healthcare
  
  
  • Electronics and Semiconductors
  
  
  • Metals and Mining
  
  
  
  

• Industrial Gases Plastic Rubber Industry Market End-Use Industry Outlook
  
  
  
  • Automotive and Transportation
  
  
  • Construction
  
  
  • Packaging
  
  
  • Pharmaceuticals
  
  
  • Electronics
  
  
  • Metals and Metalworking
  
  
  • Chemicals and Petrochemicals
  
  
  
  

• Industrial Gases Plastic Rubber Industry Market Distribution Channel Outlook
  
  
  
  • Direct Sales
  
  
  • Distributors and Agents
  
  
  • E-commerce
  
  
  
  

• Industrial Gases Plastic Rubber Industry Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa