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
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 392.2 Million |
Market Forecast in 2033 | USD 679.2 Million |
Market Growth Rate 2025-2033 | 6.3% |
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.
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.
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:
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:
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:
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.
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.
Report Features | Details |
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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:
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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) |