Key Companies Leading Innovation and Growth in the Industrial Gases for Plastic and Rubber Industry Market

The industrial gases segment supporting the plastic and rubber industries is poised for notable growth as technological advancements and evolving manufacturing needs drive demand. With increasing applications across various processes and a shift toward more efficient and sustainable production techniques, this market is attracting significant attention. Let's explore the current market size, key players, emerging trends, and the main segments shaping the industrial gases landscape for plastic and rubber manufacturing.

Market Expansion Prospects for Industrial Gases in Plastic and Rubber Industries
The industrial gases market serving the plastic and rubber sectors is projected to expand significantly, reaching a valuation of $10.63 billion by 2030. This growth will occur at a compound annual growth rate (CAGR) of 6.9%. Factors propelling this rise include the growing need for lightweight plastic parts, the widespread adoption of sophisticated molding technologies, increased use of plastics in electric vehicles, a heightened focus on energy-efficient manufacturing, and the growing integration of digital gas management systems. Key trends expected to influence the market include greater utilization of nitrogen in plastic processing, increased adoption of energy-saving gas applications, a surge in controlled atmosphere manufacturing, expansion of gas-assisted molding methods, and a stronger emphasis on optimizing manufacturing processes.

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Driving Forces Behind Growth in the Industrial Gases Market for Plastic and Rubber
A rising demand for lightweight plastic components is a significant factor accelerating market growth. Manufacturers are increasingly seeking materials and processes that reduce weight without compromising quality, contributing to the surge in industrial gas consumption within plastic production.
Simultaneously, the shift toward energy-efficient manufacturing techniques is gaining momentum. Companies are adopting advanced gas applications that minimize energy usage, aligning with broader sustainability goals and cost reduction initiatives.

Key Industry Players Dominating the Industrial Gases for Plastic & Rubber Market
Several prominent companies lead this space, including 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, Air Liquide S.A., Air Water Inc., Airtec Gases LLC, Buzwair Industrial Gases Factories, Cryogenic Gases Inc., DOW Chemical Company, Iwatani Corporation, Matheson Tri-Gas Inc., and Showa Denko K.K.
In a recent development, Air Water America Inc. acquired American Gas Products (AGP) in September 2023. This strategic move expanded Air Water's industrial gas portfolio by adding AGP's helium and specialty gas supply capabilities. The acquisition enhances Air Water's reach across North America, boosting its services for manufacturing, electronics, and rubber/plastic processing industries.

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New Technological Advances Reshaping the Industrial Gases for Plastic & Rubber Industry
Companies in this market are heavily investing in innovative technologies aimed at improving efficiency and reducing environmental impact. One such advancement is cryogenic cleaning systems, which use extremely low temperatures to clean surfaces effectively.
For example, in 2024, CRYOCLEAN Cleaning Technologies introduced a cryogenic cleaning system that employs liquid nitrogen or carbon dioxide converted into gas to deliver superior cleaning without harmful chemicals. This technology offers a safer, more efficient, and environmentally friendly alternative to traditional methods, making it highly suitable for industrial manufacturing applications.

Segment Breakdown within the Industrial Gases for Plastic and Rubber Market
This market report divides the industrial gases for plastic and rubber industry into several key segments:
1) By Gas Type: Nitrogen, Carbon Monoxide, Carbon Dioxide
2) By Storage, 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 Industry: Plastic Industry, Rubber Industry

Further subdivisions explore purity levels and forms related to each gas type, as well as specific applications for carbon monoxide and carbon dioxide, providing a detailed view of the market framework.

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This release was published on openPR.