India Specialty Gases Market 2033

India Specialty Gases Market Size, Share, Trends, and Forecast by Type, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31668

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India Specialty Gases Market Overview:

The India specialty gases market size reached USD 392.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 679.2 Million by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033. The market is expanding as demand rises across electronics, healthcare, and renewable energy. Additionally, the growth in semiconductor manufacturing, medical advancements, and green hydrogen production is driving the market, while investments in high-purity gas production and better storage solutions are further accelerating its development.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 392.2 Million
Market Forecast in 2033	USD 679.2 Million
Market Growth Rate 2025-2033	6.3%

India Specialty Gases Market Trends:

Rising Demand from Electronics and Semiconductor Manufacturing

India’s specialty gases market is experiencing significant growth, driven by the expansion of electronics and semiconductor manufacturing. With the government’s Production-Linked Incentive (PLI) scheme promoting domestic chip production, demand for ultra-high purity gases such as argon, nitrogen, hydrogen, and fluorine-based compounds is rising. For instance, in September 2024, the Government of India (GOI) announced plans to establish a ₹3,300 crore semiconductor unit by Kaynes Semicon Pvt Ltd in Sanand, Gujarat. It aims to produce 60 lakh chips daily for industrial, automotive, EV, and telecom applications. Moreover, specialty gases play a critical role in etching, deposition, and wafer fabrication processes, making them essential for semiconductor manufacturing. Global companies setting up fabrication units in India are further driving demand for electronic-grade specialty gases. Additionally, suppliers are focusing on advanced purification technologies and local production capabilities to meet industry standards. Furthermore, with India positioning itself as a key player in semiconductor and display panel manufacturing, the market for high-purity process gases is expected to expand rapidly in the coming years.

India Specialty Gases Market Size

Growing Usage in Renewable Energy and Green Hydrogen Production

India’s transition to renewable energy is driving demand for specialty gases in green hydrogen production, battery manufacturing, and solar energy applications. The government’s National Green Hydrogen Mission aims to establish India as a leading producer of clean hydrogen, increasing the need for high-purity hydrogen, nitrogen, and carbon dioxide in electrolysis and fuel cell applications. For instance, in February 2025, Cummins and GAIL (India) Limited announced a partnership to advance green hydrogen production, blending, transportation, and storage in India. It builds on GAIL’s Vijaipur plant, which produces 4.3 tons of green hydrogen daily, supporting India’s National Green Hydrogen Mission and the transition to clean energy solutions. This partnership aims to advance green hydrogen production, blending, transportation, and storage in India. Specialty gases also play a key role in solar panel manufacturing, where silane, nitrogen trifluoride, and hydrogen are used in photovoltaic (PV) cell production. Additionally, the lithium-ion battery industry is expanding to support electric vehicles (EVs) and energy storage solutions, boosting the consumption of argon, helium, and electrolyte gases in battery assembly and testing. Gas suppliers are investing in advanced production and storage solutions to cater to the clean energy sector. With India’s commitment to carbon neutrality and sustainable energy solutions, the specialty gases market is evolving to support next-generation energy technologies.

India Specialty Gases Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type and application.

Type Insights:

Noble Gases
High Purity Gases
Hydrocarbon Gases
Halogen Gases
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes noble gases, high purity gases, hydrocarbon gases, halogen gases, and others.

Application Insights:

Energy and Power
Metal and Mining
Healthcare
Automotive
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes energy and power, metal and mining, healthcare, automotive, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Specialty Gases Market News:

In November 2024, INOX Air Products (INOXAP) announced the supply of electronic and specialty gases to ReNew’s solar PV cell facility in Dholera, Gujarat. The partnership ensures a reliable gas supply, reduces emissions, and supports India's renewable energy transition through ISO-enabled logistics and advanced gas management solutions.

India Specialty Gases Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Application Region
Types Covered	Noble Gases, High Purity Gases, Hydrocarbon Gases, Halogen Gases, Others
Applications Covered	Energy and Power, Metal and Mining, Healthcare, Automotive, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
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)

Key Questions Answered in This Report:

How has the India specialty gases market performed so far and how will it perform in the coming years?
What is the breakup of the India specialty gases market on the basis of type?
What is the breakup of the India specialty gases market on the basis of application?
What is the breakup of the India specialty gases market on the basis of region?
What are the various stages in the value chain of the India specialty gases market?
What are the key driving factors and challenges in the India specialty gases market?
What is the structure of the India specialty gases market and who are the key players?
What is the degree of competition in the India specialty gases market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India specialty gases market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India specialty gases market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India specialty gases industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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