Market Overview:
The India industrial gases market size reached US$ 2.79 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.63 Billion by 2027, exhibiting a growth rate (CAGR) of 8.7% during 2022-2027. 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India industrial gases market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, application and supply mode.
Breakup by Type:
- Nitrogen
- Oxygen
- Carbon Dioxide
- Argon
- Hydrogen
- Others
Breakup by Application:
- Manufacturing
- Metallurgy
- Energy
- Chemicals
- Healthcare
- Others
Breakup by Supply Mode:
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.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Billion |
Segment Coverage |
Type, Application, Supply Mode, Region |
Region Covered |
North India, West and Central India, South India, East India |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |