Industrial Gases for Plastic & Rubber Industry Market by Gas Type (Nitrogen, Carbon Monoxide, Carbon Dioxide, Others), Process (Injection Molding, Extrusion, Foaming, Blow Molding), Storage & Distribution and Transportation, End Use - Global Forecast to 2020
Northbrook, IL -- (SBWIRE) -- 02/06/2018 -- The global industrial gases for the plastic & rubber industry is driven by factors such as strong growth in the beverage, automobile, packaging, construction, and manufacturing sectors among others. Advancements in terms of product innovations and technologies in the market are expected to create strong investment opportunities.
Nitrogen to be the largest market segment of industrial gases for plastic & rubber industry during the forecast period
Nitrogen is projected to contribute the largest market share during the forecast period. Gases such as carbon dioxide and carbon monoxide have wide applications in the beverage, automobile, packaging, healthcare, and construction sectors. The nitrogen segment is projected to be the fastest-growing market, and is expected to grow at the highest CAGR in the next five years. Nitrogen is widely used in industrial and manufacturing applications for the purposes of purging, inerting, sterilizing, tank blanketing, and flushing.
To know about the assumptions considered for the study, Download PDF brochure at https://www.marketsandmarkets.com/pdfdownload.asp?id=102582424
Injection molding is the fastest-growing segment due to wide application in manufacturing process
Industrial gases for the plastic and rubber industry, by process, is segmented into four process, namely, injection molding, extrusion, foaming, and blow molding. Injection molding accounted for the largest market share in 2014 and is the most widely used method for processing plastic and rubber into end products. The high versatility and application of injection molding makes it the fastest market during the forecast period.
China is expected to attain the largest market share in the Asia- Pacific industrial gases for the plastic & rubber industry
China is expected to have the largest market share and dominate the Asia- Pacific industrial gases for the plastic & rubber industry from 2015 to 2020. China, the largest manufacturer and supplier of industrial gases for the plastic & rubber industry, exhibits high potential growth opportunities. The key driver for this market is the rapidly growing Chinese industries such as manufacturing, electrical & electronics, automobile, and healthcare industries along with the growing construction market.
The major players include The Linde Group (Germany), Air Liquide S.A. (France), Praxair Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), and Airgas Inc. (U.S.). Companies have adopted inorganic growth strategies such as acquisitions to cope with the increasing demand in the emerging markets.
The scope of the report covers detailed information regarding the major factors influencing the growth of the industrial gases for the plastic & rubber industry such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and recent developments associated with the market.
For more information, https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=102582424
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441