India Industrial Gases Market Top 5 Importing Countries and Market Competition (HHI) Analysis
In 2024, India`s industrial gases import shipments continued to see a high concentration, with the top exporting countries being the USA, China, Singapore, Germany, and Taiwan, Province of China. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 2.51%. The market dynamics indicate a steady demand for industrial gases in India, with key players maintaining a strong presence in the market.
India Industrial Gases Market Synopsis
Industrial gases are used in a variety of industrial processes and applications. These include welding, soldering, cutting, metal fabrication, laser marking & engraving, brazing & heat treating, food processing and preservation. The industrial gases market in India is expected to grow at a CAGR of 7.6% from 2025 to 2031.
Drivers of the Market:
The rising demand for industrial gases across the manufacturing sector is driving the growth of this market in India. Increasing government initiatives towards investments for developing infrastructure projects such as airports and roads is also providing impetus to the growth of this market in India. Additionally, technological advancements have resulted in cost effective production process which has further increased the popularity of industrial gases among various industries including automotive and chemicals industry contributing positively towards overall market growth. Furthermore increasing focus on reducing carbon emission levels will provide additional opportunities for expansion into renewable energy sources such as hydroelectricity generation leading to higher adoption rate over forecast period .
Challenges of the Market:
However high initial cost associated with setting up infrastructure needed for storage could be major restraint hampering industry?s progress during forthcoming years. Additionally stringent safety measures enforced by regulatory authorities would limit use of certain gasses due health concerns imposed by them thereby limiting potential application areas for these products impacting revenue generated negatively over time frame considered..
Key Players of the Market:
Some major companies operating within Indian Industrial Gases Market includes Air Liquide SA (France), Linde Gas AG (Germany), Praxair Technology Inc (U.S.), Air Products And Chemicals Inc., Messer Group GmbH (Germany) ,Taiyo Nippon Sanso Corporation (Japan) ,BOC Ltd (U.K.) etc.
The COVID - 19 Impact on the Market:
The Covid-19 pandemic has had an adverse impact on several global markets including that of industrial gas owing to disruption caused throughout value chain due lockdown restrictions imposed globally resulting temporary closure or halt operations . However gradual reopening economies coupled with relaxation imposed on businesses has allowed manufacturers start their operations again albeit limited capacity leading reduction negative sentiments gradually aiding recovery.
Key Highlights of the Report:
- India Industrial Gases Market Outlook
- Market Size of India Industrial Gases Market, 2024
- Forecast of India Industrial Gases Market, 2031
- Historical Data and Forecast of India Industrial Gases Revenues & Volume for the Period 2021-2031
- India Industrial Gases Market Trend Evolution
- India Industrial Gases Market Drivers and Challenges
- India Industrial Gases Price Trends
- India Industrial Gases Porter's Five Forces
- India Industrial Gases Industry Life Cycle
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Oxygen for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Nitrogen for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Hydrogen for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Carbon Dioxide for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Acetylene for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Argon for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Healthcare for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Manufacturing for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Metallurgy & Glasses for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Food & Beverage for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Retail for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Chemicals & Energy for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Distribution for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By On-site for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Bulk (Liquid Gas Transport) for the Period 2021-2031
- Historical Data and Forecast of India Industrial Gases Market Revenues & Volume By Cylinder (Merchant) for the Period 2021-2031
- India Industrial Gases Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Distribution
- India Industrial Gases Top Companies Market Share
- India Industrial Gases Competitive Benchmarking By Technical and Operational Parameters
- India Industrial Gases Company Profiles
- India Industrial Gases Key Strategic Recommendations
