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Industrial Gases for Plastic & Rubber Industry Market Forecast: What Market Value Is Expected By 2030?
The industrial gases for plastic & rubber industry market has shown considerable growth in recent years. It is forecast to expand from $7.57 billion in 2025 to $8.13 billion in 2026, reflecting a compound annual growth rate (CAGR) of 7.3%. This historical expansion is attributed to the increase in plastic and rubber manufacturing activities, the rising adoption of gas-assisted molding, advancements in extrusion and injection molding techniques, the development of industrial gas supply infrastructure, and a greater emphasis on operational efficiency.
The market for industrial gases utilized in the plastic and rubber industry is expected to show strong growth in the foreseeable future. Its valuation is set to reach $10.63 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.9%. This predicted expansion over the forecast period is driven by increasing calls for lightweight plastic parts, the rising implementation of modern molding methods, the expanded application of plastics in electric vehicles, a stronger focus on manufacturing practices that save energy, and enhanced incorporation of digital systems for gas management. Notable developments anticipated during this timeframe involve the broader use of nitrogen in plastic processing, a growing adoption of gas applications designed for energy efficiency, a greater need for production in regulated environments, the spread of gas-assisted molding technologies, and a sharper concentration on refining manufacturing processes.
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Industrial Gases for Plastic & Rubber Industry Market Growth Factors Supporting Long-Term Expansion
Future expansion in infrastructure projects is anticipated to drive the industrial gases for the plastic and rubber market. Such development establishes crucial foundational services, fostering economic progress and an improved quality of life. Globally, governments are allocating greater funds towards infrastructure initiatives. Consequently, the increased use of rubber and plastic components in infrastructure activities leads to a rise in their demand alongside infrastructure growth. For example, the Infrastructure and Projects Authority, a UK government body, reported in February 2024 that the projected £164 billion investment in significant infrastructure and construction projects for 2024/25 surpasses the figure for 2023/24, indicating strong economic advancement. Total investments over the next decade are projected to be between £700 billion and £775 billion. This surge in infrastructure development activity is, therefore, accelerating the expansion of the industrial gases for the plastic & rubber industry market.
Industrial Gases for Plastic & Rubber Industry Market Segment Breakdown: Which Categories Generate The Most Revenue?
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
Industrial Gases for Plastic & Rubber Industry Market Industry Trends Shaping Future Revenue Growth
Leading companies in the industrial gases market for plastic and rubber industries are prioritizing the development of innovative technological solutions, such as cryogenic cleaning systems, to enhance manufacturing efficiency and reduce environmental damage. A cryogenic cleaning system functions by using extremely low temperatures to clean surfaces and materials. This process typically involves the application of cryogenic agents, like liquid nitrogen or carbon dioxide, which are converted into a gas and then directed onto the surface needing purification. For instance, in 2024, CRYOCLEAN Cleaning Technologies, a US-based firm focused on pioneering cleaning innovations, unveiled its new cryogenic cleaning system. This advanced system utilizes cryogenic technology as a safer and more effective alternative to traditional cleaning methods, which often employ harsh chemicals and require substantial labor. The CRYOCLEAN system delivers excellent cleaning results while also minimizing its environmental footprint, making it an ideal choice for many industrial applications.
Industrial Gases for Plastic & Rubber Industry Market Key Players And Strategic Industry Positioning
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, 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., Showa Denko K.K.
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Industrial Gases for Plastic & Rubber Industry Market Regional Outlook: Where Are The Largest Opportunities Located?
Asia-Pacific was the largest region in the industrial gases for plastic & rubber industry market in 2025. The regions covered in the industrial gases for plastic & rubber industry market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.