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    Industrial Gases Plastic Rubber Industry Market

    ID: MRFR/CnM/38784-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    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 Channe...

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    Industrial Gases Plastic Rubber Industry Market Research Report — Global Forecast till 2032 Infographic
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    Industrial Gases Plastic Rubber Industry Market Summary

    The Global Industrial Gases Plastic Rubber Industry is projected to grow from 102.9 USD Billion in 2024 to 149.2 USD Billion by 2035.

    Key Market Trends & Highlights

    Industrial Gases Plastic Rubber Industry Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 3.43% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 149.2 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 102.9 USD Billion, reflecting the current demand for industrial gases in the plastic and rubber sectors.
    • Growing adoption of sustainable practices due to environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 102.9 (USD Billion)
    2035 Market Size 149.2 (USD Billion)
    CAGR (2025-2035) 3.43%

    Major Players

    Linde, Air Liquide, Gasunie, Chart Industries, SIAD, Taiyo Nippon Sanso Corporation, Solvay, Nippon Gases, Praxair, BOC (The Linde Group), Air Products and Chemicals, Beijing Air Products Co., Ltd., Iwatani Corporation, Inox Air Products, Messer Group

    Industrial Gases Plastic Rubber Industry Market Trends

    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.

    The ongoing evolution in the industrial gases sector is poised to enhance the efficiency and sustainability of the plastic and rubber industries, reflecting a broader trend towards environmentally conscious manufacturing practices.

    U.S. Department of Energy

    Industrial Gases Plastic Rubber Industry Market Drivers

    Market Growth Projections

    The Global Industrial Gases Plastic Rubber Industry Market is projected to experience substantial growth, with estimates indicating a rise from 102.9 USD Billion in 2024 to 149.2 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 3.43% from 2025 to 2035. Such projections highlight the increasing importance of industrial gases and materials in various applications, driven by technological advancements, sustainability initiatives, and evolving consumer preferences. The market's expansion is likely to create new opportunities for stakeholders, including manufacturers, suppliers, and end-users, as they navigate the changing landscape of the industry.

    Growing Demand for Sustainable Materials

    The Global Industrial Gases Plastic Rubber Industry Market is experiencing a notable shift towards sustainable materials. As environmental concerns intensify, manufacturers are increasingly adopting eco-friendly practices. This trend is reflected in the rising demand for bioplastics and recycled materials, which are projected to constitute a significant portion of the market. In 2024, the market value is estimated at 102.9 USD Billion, with sustainability initiatives driving innovation and investment. Companies are likely to focus on reducing carbon footprints and enhancing product lifecycle management, aligning with global sustainability goals. This shift may lead to a more competitive landscape as firms strive to meet consumer preferences for greener products.

    Regulatory Support for Industrial Growth

    Regulatory frameworks are increasingly supporting the growth of the Global Industrial Gases Plastic Rubber Industry Market. Governments worldwide are implementing policies that promote the use of industrial gases and materials in manufacturing processes. These regulations often aim to enhance safety standards, reduce emissions, and encourage the adoption of cleaner technologies. As a result, manufacturers are likely to invest in compliance measures and sustainable practices, which could lead to market expansion. The alignment of industry standards with environmental goals may foster innovation and create new opportunities for growth, further solidifying the market's position in the global economy.

    Rising Consumer Demand for Customization

    The Global Industrial Gases Plastic Rubber Industry Market is increasingly influenced by consumer demand for customization. As consumers seek personalized products, manufacturers are adapting their offerings to meet these preferences. This trend is particularly evident in sectors such as packaging and consumer goods, where tailored solutions are becoming essential. The ability to provide customized materials and products may enhance customer satisfaction and loyalty, driving sales growth. As the market evolves, companies that can effectively respond to this demand for customization are likely to thrive, contributing to the overall expansion of the market in the coming years.

    Increasing Applications in Diverse Industries

    The Global Industrial Gases Plastic Rubber Industry Market is witnessing an expansion in applications across various sectors, including automotive, construction, and healthcare. The versatility of plastics and rubber materials allows for their use in a wide range of products, from automotive components to medical devices. This diversification is expected to drive market growth, as industries increasingly rely on these materials for innovation and product development. The projected CAGR of 3.43% from 2025 to 2035 indicates a robust demand trajectory, as businesses seek to enhance performance and reduce weight in their products. This trend may lead to increased collaboration between material suppliers and end-users.

    Technological Advancements in Production Processes

    Technological advancements play a pivotal role in shaping the Global Industrial Gases Plastic Rubber Industry Market. Innovations in production processes, such as the adoption of advanced polymerization techniques and automation, enhance efficiency and reduce costs. These developments enable manufacturers to produce high-quality products at a lower environmental impact. The integration of Industry 4.0 technologies, including IoT and AI, is likely to streamline operations and improve supply chain management. As the market evolves, companies that leverage these technologies may gain a competitive edge, contributing to the projected growth of the market from 102.9 USD Billion in 2024 to 149.2 USD Billion by 2035.

    Market Segment Insights

    Industrial Gases Plastic Rubber Industry Market Segment Insights

    Industrial Gases Plastic Rubber Industry Market Segment Insights

    Industrial Gases Plastic Rubber Industry Market Product Type 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, Market Research Future Database and Analyst Review

    Industrial Gases Plastic Rubber Industry Market Application Insights

    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

    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

    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.

    Get more detailed insights about Industrial Gases Plastic Rubber Industry Market Research Report — Global Forecast till 2032

    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.

    Industrial Gases Plastic Rubber Industry Market Regional Insights

    Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    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 market include

    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.

    Future Outlook

    Industrial Gases Plastic Rubber Industry Market Future Outlook

    The Global Industrial Gases Plastic Rubber Industry Market is projected to grow at a 3.43% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for sustainable materials, and expanding applications in various sectors.

    New opportunities lie in:

    • Invest in R&D for eco-friendly gas solutions to meet regulatory demands.
    • Expand distribution networks in emerging markets to capture new customer bases.
    • Leverage digital technologies for process optimization and cost reduction.

    By 2035, the market is expected to achieve robust growth, positioning itself as a leader in sustainable industrial solutions.

    Market Segmentation

    Industrial Gases Plastic Rubber Industry Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    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 Product Type Outlook

    • Hydrogen
    • Nitrogen
    • Oxygen
    • Carbon Dioxide
    • Acetylene
    • Argon
    • Helium
    • Nitrous Oxide

    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

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 98.59(USD Billion)
    Market Size 2023 101.79(USD Billion)
    Market Size 2032 135.6(USD Billion)
    Compound Annual Growth Rate (CAGR) 3.24% (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled 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
    Segments Covered Product Type, Application, End-Use Industry, Distribution Channel, Regional
    Key Market Opportunities 1.       Growing demand for plastics in packaging medical devices and automotive applications 2.       Need for high-purity gases in rubber production Increasing use of industrial gases in polymer processing. 3.       Surge in demand for lightweight and durable plastics in various industries 4.       Adoption of advanced technologies for efficient gas production and delivery
    Key Market Dynamics 1.       Shifting Industry landscape 2.       Rising Demand 3.       Technological Advancements 4.       Increased Environmental Regulations 5.       Growing Energy Efficiency
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the projected market size of the Industrial Gases Plastic Rubber Industry Market in 2023?

    The Industrial Gases Plastic Rubber Industry Market is expected to reach a valuation of 101.79 billion USD in 2023.

    What is the projected CAGR of the Industrial Gases Plastic Rubber Industry Market from 2024 to 2032?

    The Industrial Gases Plastic Rubber Industry Market is expected to grow at a CAGR of 3.24% from 2024 to 2032.

    Which region is expected to hold the largest market share in the Industrial Gases Plastic Rubber Industry Market in 2023?

    The Asia-Pacific region is expected to hold the largest market share in the Industrial Gases Plastic Rubber Industry Market in 2023.

    What are the key applications of industrial gases in the plastic and rubber industry?

    Key applications of industrial gases in the plastic and rubber industry include inerting, purging, blanketing and cooling.

    Who are some of the major competitors in the Industrial Gases Plastic Rubber Industry Market?

    Major competitors in the Industrial Gases Plastic Rubber Industry Market include Air Liquide, Linde, Air Products and Chemicals, Praxair and Messer.

    What is the projected market size of the Industrial Gases Plastic Rubber Industry Market in 2032?

    The Industrial Gases Plastic Rubber Industry Market is expected to reach a valuation of 135.6 billion USD in 2032.

    What are the key factors driving the growth of the Industrial Gases Plastic Rubber Industry Market?

    Key factors driving the growth of the Industrial Gases Plastic Rubber Industry Market include increasing demand for plastics and rubber, rising demand for industrial gases in emerging economies, and growing adoption of advanced technologies.

    What are the challenges faced by the Industrial Gases Plastic Rubber Industry Market?

    Challenges faced by the Industrial Gases Plastic Rubber Industry Market include fluctuating raw material prices, intense competition, and stringent environmental regulations.

    What are the opportunities for growth in the Industrial Gases Plastic Rubber Industry Market?

    Opportunities for growth in the Industrial Gases Plastic Rubber Industry Market include expanding applications in emerging industries, technological advancements, and strategic partnerships.

    What are the key trends shaping the Industrial Gases Plastic Rubber Industry Market?

    Key trends shaping the Industrial Gases Plastic Rubber Industry Market include increasing automation, digitalization, and sustainability initiatives.

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