The latest report by IMARC Group, titled “India Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India industrial gases market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.58% during 2023-2028.
Industrial gases are manufactured in enormous amounts for employment in several industrial processes. These fumes are commonly known as fuel, refrigerant, medical, or specialty, depending on their utilization in various sectors. Industrial gases consist of versatile carbohydrates with texture and taste similar to table sugar and low calories. They are also utilized in the food and beverage (F&B) industry as a sugar replacement in products, such as candies, fruit spreads, ice creams, yogurts, chewing gums, etc. Industrial gases, including oxygen and helium, provide a base for life support for artificially ventilated patients and modern anesthetic techniques. As a result, these fumes find widespread applications across several sectors, such as manufacturing, healthcare, metallurgy, chemical, energy, etc.
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India Industrial Gases Market Trends and Drivers:
The escalating demand for these fumes in the chemical industry to produce flexible and rigid foams, elastomers, sealants, polyurethane coatings, adhesives, etc., is among the primary factors driving the India industrial gases market. Besides this, the rising utilization of these vapors in the oil and gas sector for controlling various refinery processes is further augmenting the market growth. Moreover, the growing popularity of gas-based foams in the automotive industry for producing ventilator headliners, headrests, seating, armrest, etc., is also catalyzing the market across India. Apart from this, the elevating requirement for gases, including oxygen and hydrogen in propellants, to launch rockets that carry communications, broadcasts, and meteorological satellites is acting as another significant growth-inducing factor. Furthermore, the inflating need for protective components, exterior panels, building materials, housing electronics, etc., is anticipated to propel the India industrial gases market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Breakup by Application:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Breakup by Supply Mode:
- Packaged
- Bulk
- On-Site
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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