According to SPER Market Research, the India Industrial Gases Market is expanding and offers a variety of gases for industrial purposes, including healthcare, food and beverage processing, metal fabrication, and welding. Multinational companies, such as Air Liquide, Linde, and Praxair, largely dominate the market. Nevertheless, there are numerous local players as well. The requirement for industrial gases is driven by various sectors, such as healthcare, manufacturing, and metallurgy, and the demand is predicted to continue to increase in the future. Nevertheless, the industry confronts challenges like the necessity for infrastructure and transportation investments, and new competitors entering the market.
The impact of the COVID-19 pandemic on the Indian industrial gases market was mixed. While there was a significant increase in the demand for medical gases such as oxygen and nitrogen due to the rise in COVID-19 cases, which strained the supply chain, many companies increased their production of medical gases and redirected supplies to hospitals and healthcare facilities. However, the lockdowns and economic restrictions resulted in a reduction in the demand for industrial gases from sectors like manufacturing and construction, which, along with logistical problems, adversely impacted the market in the short term. Nevertheless, the pandemic emphasized the importance of the industrial gases sector in supporting critical areas such as healthcare, and there is expected to be an increase in investment in this field in the future.
India Industrial Gases Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
The Indian industrial gases market is a growing sector that provides a range of gases for industrial applications such as welding, metal fabrication, healthcare, and food and beverage processing. The market is primarily dominated by large multinational companies such as Air Liquide, Linde, and Praxair, but there are also a number of local players operating in the market. However, the market also faces challenges such as the need for investment in infrastructure and transportation, as well as increasing competition from new entrants.
Impact of COVID-19 on the India Industrial Gases Market:
The COVID-19 pandemic has had a mixed impact on the Indian industrial gases market. On the one hand, the demand for medical gases such as oxygen and nitrogen increased significantly due to the surge in COVID-19 cases, leading to a strain on the supply chain. As a result, many companies in the industrial gases sector ramped up their production of medical gases and diverted supplies to hospitals and healthcare facilities.
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India Industrial Gases Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
- Carbon Dioxide
By Mode of Distribution:
- Bulk & Cylinder
- Delhi NCR
- Tamil Nadu
This report also provide the data for key regional segments of India; Karnataka, Maharashtra, Delhi NCR, Haryana, Tamil Nadu, Telangana, Gujarat, Others.
India Industrial Gases Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Linde India Limited, Air Liquide India, Praxair India Private Limited, Taiyo Nippon Sanso K-Air India Private Limited, INOX Air Products, Ellenbarrie Industrial Gases Limited, Bhuruka Gases Limited, Bombay Oxygen Corporation Limited, The Southern Gas Ltd., SICGIL INDIA LIMITED
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