Industrial Gases for Plastic & Rubber Industry Market worth 6.31 Billion USD by 2020
The industrial gases for the plastic & rubber industry market size is projected to grow from USD 4.89 Billion in 2015
industrial gases for plastic & rubber industry market
The report "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", The industrial gases for the plastic & rubber industry size is estimated to grow from USD 4.89 Billion in 2015 to USD 6.31 Billion by 2020, at a CAGR of 5.24% from 2015 to 2020. 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.
Browse 165 market data Tables and 52 Figures spread through 197 Pages and in-depth TOC on "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"
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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.
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.
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