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.
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, and 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, are
segmented into four processes, 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 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.
没有评论:
发表评论