The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The India industrial gases market is expected to exhibit moderate growth during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Also known as fuel, medical, refrigerant and specialty gases, industrial gases are mass-produced for different industrial purposes. These gases, especially oxygen and helium, are widely used in the medical sector for supporting artificially ventilated patients. Moreover, hydrogen finds application in the transportation industry and liquid-helium is utilized in magnetic resonance imaging (MRI) equipment. At present, the rapidly expanding end use sectors, such as steel manufacturing, pharmaceuticals, healthcare, and food and beverage (F&B), are positively influencing the demand for industrial gases in India.
The well-organized refining and steel manufacturing sectors represent one of the key factors strengthening the growth of the industrial gases market in India. Apart from this, the Government of India is significantly investing in various research and development (R&D) projects to support numerous sectors, which, in turn, is contributing to the market growth. However, the coronavirus disease (COVID-19) outbreak, consequent lockdown in the country and temporary closure of various manufacturing units has negatively influenced the market growth. The market will experience growth once normalcy is regained.
IMARC Group provides an analysis of the key trends in each sub-segment of the India industrial gases market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type, application and supply mode.
Breakup by Type:
Breakup by Application:
Breakup by Supply Mode:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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