India Industrial Gases Market Share Archives

India Industrial Gases Market Growth, Emerging Trends, Revenue, Manufacturers, Scope, Challenges, Future Opportunities and Forecast Analysis 2032: SPER Market Research

The entire ecosystem involved in the production, distribution, and application of gases required for industrial processes is included in the India industrial gases market. These gases, which include nitrogen, hydrogen, oxygen, and others, are essential to many sectors of the economy, including electronics, food processing, healthcare, and manufacturing. Large-scale production plants and complex distribution systems aside, the market makes sure that gases are supplied on time to satisfy the needs of various industrial sectors around the nation. Companies with expertise in gas production, transportation, storage, and application are all a part of this complex network, which supports India’s industrial and economic development.

According to SPER Market Research, ‘India Industrial Gases Market Size- By Product, By Mode of Distribution- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’states that the India Industrial Gases Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.

There are several factors that work together to propel the industrial gases market in India like infrastructure development projects, which require gases for welding and construction applications. Technological developments continuously improve the production, application, and purification of gases, increasing their usefulness and efficiency. The adoption of industrial gases for environmentally friendly processes like wastewater treatment and renewable energy production is fuelled by environmental regulations that support cleaner technologies. The need for medical gases and specialty gases in the food processing and electronics manufacturing sectors is another factor driving market expansion. The steel and metal industries are significant consumers of industrial gases, using oxygen and nitrogen in processes like steelmaking and metal fabrication.

The price uncertainty of raw materials, especially for gases like helium and hydrogen is a major obstacle that can impact profit margins and production costs. For gas producers and users’ compliance with strict regulations and environmental standards can be difficult. Inadequate transportation and storage facilities among other infrastructure constraints, can make it more difficult to distribute gases efficiently across the nation. In terms of market share and pricing strategies, market fragmentation and fierce competition among domestic and international players also pose challenges. Finally, supply chains and investment decisions can be disrupted by geopolitical tensions and economic uncertainties, which further complicates the operating environment for industrial gas companies.

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The COVID-19 pandemic affected the Indian industrial gases market in two ways Although demand was initially decreased by lockdowns and a reduction in industrial activity, the increase in COVID-19 cases brought attention to the urgent need for medical oxygen, placing a strain on supply chains. The state of the economy made people cautious when making investments, which caused plans for expansion and capital expenditure to slow down. Distribution networks were overloaded by the unexpected surge in demand for medical oxygen, which resulted in shortages and logistical difficulties. In response, the sector innovated to satisfy changing demands, especially in the field of healthcare applications.

During the projected period, Karnataka is anticipated to hold a significant proportion of the India industrial gases market. The major players in this market are Linde India Limited, Air Liquide India, Praxair India Private Limited, Taiyo Nippon Sanso K-Air India Private Limited, INOX Air Products, Ellen Barrie Industrial Gases Limited, Bhuruka Gases Limited, Bombay Oxygen Corporation Limited, The Southern Gas Ltd., SICGIL INDIA LIMITED

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India Industrial Gases Market Outlook

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India Industrial Gases Market Size, Trends, Revenue, Growth Drivers, Key Manufacturers, Competitive Analysis and Future Scope 2022-2032: SPER Market Research

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.

By Product:

Argon
Carbon Dioxide
Helium
Hydrogen
Nitrogen
Oxygen

By Mode of Distribution:

Bulk & Cylinder
Tonnage/Gaseous
Packaged

By Region:

Karnataka
Maharashtra
Delhi NCR
Haryana
Tamil Nadu
Telangana

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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India Industrial Gases Market Share

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