Industrial Gases for Plastic & Rubber Industry Industry to See Robust Expansion, Valued at $9.98 Billion by 2029

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What Is the Projected CAGR for the Industrial Gases for Plastic & Rubber Industry Market from 2024 to 2025?
Over the past few years, the market for industrial gases used in the plastic and rubber industry has been expanding steadily. The projected increase takes it from $7.24 billion in 2024 to $7.57 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.5%. Factors contributing to growth in the historical period include the expansion of the plastic and rubber industry, surging demand for plastic and rubber goods, emphasis on sustainable manufacturing, globalization of supply chains, development of specialty gases, alongside changing regulatory norms.

What are the Expected Market Size and CAGR for Industrial Gases for Plastic & Rubber Industry by 2029?
Anticipated vigorous expansion is on the horizon for the industrial gases used in the plastic & rubber industry market, with projections indicating a surge to $9.98 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.1%. This anticipated growth during the projection period can be linked to energy efficiency considerations, the demand surge for high-performance polymers, an upswing in automotive production, an emphasis on a circular economy, the growing use of composites, a shift towards bio-based plastics, and worldwide packaging materials trends. Key forecast period trends include the increased use of cryogenic gases for cooling and freezing processes, a rise in hydrogen utilization in polyethylene creation, a heightened emphasis on foam manufacturing utilizing industrial gases, the integration of automation and control systems, and the tailoring of gas solutions for specific applications.

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Which Factors Are Driving the Global Industrial Gases for Plastic & Rubber Industry Market Expansion?
An upward trend in infrastructure development activities is anticipated to boost the expansion of the industrial gases market for plastic and rubber. Such developmental projects offer crucial foundational services promoting economic growth and quality of life. Globally, governments are escalating their investment in infrastructure development. Consequently, the need for plastic and rubber components rises as these elements are extensively utilized in infrastructural endeavors. In line with this, the Infrastructure and Projects Authority, a government agency in the UK, indicated a planned investment of £164 billion in February 2024 for major construction and infrastructure projects for 2024/25. This surpasses the previous year's allocation, showcasing solid economic growth. For the coming decade, total predicted investments are anticipated to hit between £700 billion and £775 billion. Hence, the surge in infrastructure development activities is driving the growth of the industrial gases for the plastic and rubber sector market.

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Which Segment Currently Holds the Largest Share of the Industrial Gases for Plastic & Rubber Industry Market?
The industrial gases for plastic & rubber industry market covered in this report is segmented -

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

Subsegments:
1) By Nitrogen: Purity Levels, Form
2) By Carbon Monoxide: Purity Levels, Applications
3) By Carbon Dioxide: Purity Levels, Form, Applications

Which Major Trends Are Shaping the Future of the Industrial Gases for Plastic & Rubber Industry Industry?
Renowned firms in the market for industrial gases for the plastic and rubber industry are focusing on innovating new technological answers, like cryogenic cleaning systems, to boost efficiency and lessen environmental toll in production processes. A cryogenic cleaning system uses ultra-low temperatures to cleanse surfaces and materials. It usually employs cryogenic substances, such as liquid nitrogen or carbon dioxide, which is converted into a gas and aimed at the surface to be cleaned. For instance, CRYOCLEAN Cleaning Technologies, a company located in the US with a specialty in creative cleaning solutions, launched a new cryogenic cleaning system in 2024. This state-of-the-art system employs cryogenic technology as a safer and more productive substitute to conventional cleaning methodologies, which often require severe chemicals and exhaustive labor. The CRYOCLEAN system delivers top-notch cleaning output while reducing environmental damage, making it a perfect option for diverse industrial uses.

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Which Key Players Dominate the Industrial Gases for Plastic & Rubber Industry Industry Globally?
Major companies operating in the industrial gases for plastic & rubber industry market are 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 Are the Fastest-Growing Regions in the Industrial Gases for Plastic & Rubber Industry Market?
Asia-Pacific was the largest region in the industrial gases for plastic & rubber industry market in 2024. The regions covered in the industrial gases for plastic & rubber industry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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