The Indian market for industrial gases is expanding and offers a variety of gases for industrial purposes, including healthcare, food and beverage processing, metal fabrication, and welding. Multinational companies, such as Air Liquide, Linde, and Praxair, largely dominate the market. Nevertheless, there are numerous local players as well. The requirement for industrial gases is driven by various sectors, such as healthcare, manufacturing, and metallurgy, and the demand is predicted to continue to increase in the future. Nevertheless, the industry confronts challenges like the necessity for infrastructure and transportation investments, and new competitors entering the market.
The impact of the COVID-19 pandemic on the Indian industrial gases market was mixed. While there was a significant increase in the demand for medical gases such as oxygen and nitrogen due to the rise in COVID-19 cases, which strained the supply chain, many companies increased their production of medical gases and redirected supplies to hospitals and healthcare facilities. However, the lockdowns and economic restrictions resulted in a reduction in the demand for industrial gases from sectors like manufacturing and construction, which, along with logistical problems, adversely impacted the market in the short term. Nevertheless, the pandemic emphasized the importance of the industrial gases sector in supporting critical areas such as healthcare, and there is expected to be an increase in investment in this field in the future.
India Industrial Gases Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Linde India Limited, Air Liquide India, Praxair India Private Limited, Taiyo Nippon Sanso K-Air India Private Limited, INOX Air Products, Ellenbarrie Industrial Gases Limited, Bhuruka Gases Limited, Bombay Oxygen Corporation Limited, The Southern Gas Ltd., SICGIL INDIA LIMITED
India Industrial Gases Market Segmentation:
By Product: Based on the Product, India Industrial Gases Market is segmented as: (Oxygen, Nitrogen, Hydrogen, Carbon dioxide, Argon, Helium)
By Mode of Distribution: By on the Mode of Distribution, India Industrial Gases Market is segmented as: Bulk & Cylinder, Tonnage/Gaseous, Packaged.
By Region: This report also provide the data for key regional segments of India; Karnataka, Maharashtra, Delhi NCR, Haryana, Tamil Nadu, Telangana, Gujarat, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.