India Industrial Gases Market Size, Growth And Forecast 2024-2032

India Industrial Gases Market

IMARC Group’s report titled “India Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Region 2024-2032“. The India industrial gases market size reached US$ 3.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report:

Factors Affecting the Growth of the India Industrial Gases Industry:

  • Advancements in Technology and Infrastructure:

Technological advancements in the manufacturing and storage of industrial gases represent one of the key factors contributing to the market growth in India. Innovations in gas production methods, such as air separation technologies, are becoming more efficient, leading to a more reliable and consistent supply. Additionally, improvements in storage and transportation infrastructure are facilitating easier and safer distribution of these gases to various end-use sectors across the country. This has not only improved the efficiency of gas usage but also expanded the reach to different regions.

  • Increasing Demand from the Food and Beverage (F&B) Industry:

Changing lifestyle patterns of individuals are supporting the market growth in the country. Industrial gases like carbon dioxide and nitrogen play a crucial role in this sector. They are used in the carbonation of beverages, packaging, and preservation of food products. The trend towards packaging and convenience is driving the demand for modified atmosphere packaging (MAP), which aids in extending the shelf life of products. Furthermore, the increasing need for efficient food preservation and packaging solutions in the retail sector, including supermarkets and online grocery platforms, is driving the demand for industrial gases.

  • Environmental Concerns and Sustainability:

The rising challenges of climate change and environmental degradation are prompting industries to adopt eco-friendly practices. Industrial gases play a pivotal role in this endeavor by offering solutions that enable companies to decrease their carbon footprint and minimize their environmental impact. Industrial gases like hydrogen are crucial for fuel cells and clean energy technologies, contributing to the inclinations towards cleaner and more sustainable energy sources. Moreover, industrial gases play a crucial role in wastewater treatment and purification processes, aiding industries in adhering to environmental standards for effluent discharge. By enabling efficient wastewater treatment, industrial gases help conserve water resources and minimize contamination of natural water bodies.

India Industrial Gases Market Report Segmentation:

By Type:

  • Nitrogen
  • Oxygen
  • Carbon Dioxide
  • Argon
  • Hydrogen
  • Others

Nitrogen represents the largest segment due to its wide range of applications and essential role in various industries.

By Application:

  • Manufacturing
  • Metallurgy
  • Energy
  • Chemicals
  • Healthcare
  • Others

Manufacturing exhibits a clear dominance in the market as there is a rise in the demand for industrial gases in manufacturing processes.

By Supply Mode:

  • Packaged
  • Bulk
  • On-Site

Packaged holds the biggest market share due to the convenience and efficiency of this delivery method for a variety of end-users.

Regional Insights:

  • North India
  • West and Central India
  • South India
  • East India

East India dominates the market, owing to its robust industrial infrastructure.

India Industrial Gases Market Trends:

The increasing demand for specialty gases in sectors, such as electronics, healthcare, and research and development (R&D) is supporting the market growth in the country. These gases, which include rare and ultra-high purity gases, are critical in applications like semiconductor manufacturing, analytical procedures, and certain medical technologies. The electronics industry also requires a steady supply of specialty gases for the production of microchips and other components. In addition, advancements in healthcare and research sectors are driving the need for high-purity gases tailored to specific and often stringent requirements.

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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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