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 February 1, 2016 - 8:10 AM EST
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Industrial Gases Metals & Metal Fabrication Market Projected to Grow to USD 6.31 Billion by 2020

DUBLIN, Feb. 1, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/r7qnbp/industrial_gases) has announced the addition of the "Industrial Gases - Metals & Metal Fabrication Market By Type, by Function, by Storage, by End-use - Global Forecast to 2020" report to their offering.

The industrial gases for the plastic & rubber industry market size is projected 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 industrial gases for the plastic & rubber industry is increasing proportionally with the overall industrial gas industry. The industrial gases for plastic & rubber industry is one where technologies, applications, and industries are constantly changing owing to which exports-imports tend to change as well. The development of economies plays an essential role in increasing the demand for industrial gases for the plastic & rubber industry in the global market.

Industrial gases for the plastic & rubber industry is a large and fragmented industry. The industry includes manufacturers, additive suppliers, concentrate producers, plastics & rubber processors, machinery manufacturers, mould makers, and recyclers. Since the past few years, the sector is gaining a slow but steady growth globally due to technical performance and functional properties of the global industrial gases for the plastic & rubber industry. The global industrial gases for the plastic & rubber industry has grown exponentially in the last few years and this trend is projected to continue. The market is primarily driven by factors such as improving economic conditions of countries, technological advancements, and increasing end-use applications.

The industrial gases for plastic & rubber industry is projected to grow at a CAGR of 5.24% from 2015 to 2020. The market was dominated by the North American region in 2014, in terms of value, of the total industrial gases for the plastic & rubber industry. Asia-Pacific is projected to be the fastest-growing market during the forecast period, due to the growing demand for these products and increasing awareness amongst end-users. In terms of gases, nitrogen is projected to be the largest market for industrial gases for the plastic & rubber industry and is projected to grow at a second highest CAGR from 2015 to 2020. Factors such as growing demand of food & beverages, healthcare, construction, automobiles, electrical & electronics, and manufacturing sectors will drive this market. Regulatory and structural instructions are expected to be the strongest restraints for the industry. High cost of gas processing is a major challenge; the fluctuating demand patterns and advancements of alternative technologies are expected to be the burning issues for the market

The global industrial gases for plastic & rubber industry is highly competitive with a large number of players all over the world. The major players of the industrial gases for plastic & rubber industry are The Linde Group (Germany), Air Liquide S.A. (France), Praxair Inc. (U.S.), Products and Chemicals Inc. (U.S.), and Airgas Inc. (U.S.). These players adopted various organic and inorganic growth strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the players include new product launches, acquisitions, expansions, and agreements.

Companies Mentioned

- Air Liquide S.A. - Air Products and Chemicals, Inc. - Airgas Inc. - Messer Group - Novomer Inc. - Praxair Inc. - Taiyo Nippon Sanso Corp. - The Linde Group - Universal Industrial Gases, Inc. - Yingde Gases Group Co., Ltd.

For more information visit http://www.researchandmarkets.com/research/r7qnbp/industrial_gases

Media Contact:

Laura Wood , +353-1-481-1716, press@researchandmarkets.net

 

 


Source: PR Newswire (February 1, 2016 - 8:10 AM EST)

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