In India’s industrial and economic development, industrial gases are important. They regularly analyze and update their procedures to cut costs and make them more sustainable in light of the growing harm done to the environment and ecosystem. They serve as the building blocks of the manufacturing and industrial sectors. Domestic players are investigating the dynamics that are offered by international markets in an effort to accelerate production since they have aspirations to go global. The demand for oxygen gas has increased as a result of COVID-19. The absence of standards and protocols for the provision of these gases is a significant bottleneck for the industry.
Report Analysis
According to the research report, “India Industrial Gases Outlook to 2026 – By Sales Mode (Industrial and Merchant Liquid), By End User, By Region (North, East, West, and South), by States and By Companies” emphasizes that the India Industrial Gases market would grow as a result of improved mechanization and escalating end-user sector demand. The need for industrial gases is being ignited by a variety of industries, including oil and gas, electronics, food and beverage, healthcare, and energy. The need for these gases will increase as packaging technologies such as quick surface freezing technology emerge for processing, packaging, and preservation uses.
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Segmentation
- By Sales Mode
In India, there are two main sales channels for industrial gases: merchant selling liquid and on-site or industrial. The liquid mode outperforms the onsite sales mode in terms of capacity.
- By Region and States
The India Industrial Gases market is categorized into North, East, West, and South in terms of Regions. The main portion of the industry’s production capacity is produced in the east, a major region. Jharkhand is the top state in terms of production, followed by Gujarat, Andhra Pradesh, and Haryana.
- By End-User
Industries like the steel industry and the automobile sector heavily rely on industrial oxygen. Therefore, the majority of facilities are placed in close proximity to end customers for simple pipeline transit, which results in significant cost savings. Manufacturers of steel, glass, and packaging are among the major end users.
Key Players
The market share held by the main manufacturers accounts for 80% of the competition in India’s industrial gas industry. Some significant market players in India’s industrial gases market include:
- Air Water Inc.
- Air Liquide
- Linde
- Praxir
- Goyal Glasses
- Universal Air & Gas Ltd.
- Inox Air Products
- Delux Gas Ltd.
- Pavan Industrial Gas Ltd.
- Premier Cyroger
- HS Kanthi Industrial Gases Ltd.
- Madhurai Industrial Gas Ltd.
- Shri Sai Industrial Gases
- Taiyo Nippon Sanaso Ltd.
- Ultragases Pvt. Ltd.
- Others
Future Projections
The Indian Industrial Gases Market is forecast to expand rapidly in the following years till 2026, as it has done in previous years. The primary motivator is the end-user demand, which will rise as Indian manufacturing expands. The pandemic temporarily rattled the sector, but things are now back on track to advance.
The National Steel Policy 2017 has been approved by the Indian government in an effort to boost domestic producers’ visibility and provide the sector with a competitive edge. This policy will have a significant impact on the India Industrial Gases Market.
For More Information, refer to below link:-
India Industrial Gases Market Research Report
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