Press Release

Industrial Gases Market in India to Grow at CAGR 12% till 2026

High demand from end user industries coupled with robust capacity expansions of major manufacturers to drive India industrial gases market through 2026

According to TechSci Research report India Industrial, Specialty & Shielding Gases Market By Application, Mode of Distribution & Region, Forecast & Opportunities, 2012-2026, industrial gases market in India is projected to grow at a CAGR of more than 12% during 2017-2026. Industrial gases are specifically manufactured for industrial applications such as metallurgy, refinery, chemical & petrochemicals, etc. Further, increasing development of steel production plants across the country has driven demand for on-site industrial gases tonnage plants. In 2015-2016, healthcare sector in the country registered a Y-o-Y growth of more than 15%. Anticipated growth in the country’s healthcare sector is anticipated to boost demand for medical services in the country through 2026, which is projected to boost consumption of high purity medical gases. This is expected to augur well for India industrial gases market through 2026.

Browse 31 market data Tables and 104 Figures spread through 278 Pages and an in-depth TOC on "India Industrial Gases Market"

https://www.techsciresearch.com/report/india-industrial-specialty-shielding-gases-market-by-application-metallurgy-refinery-chemical-petrochemical-etc-mode-of-distribution-tonnage-bulk-packaged-region-north-east-south-west-forecast-opportunities/972.html

Rapid pace of industrialization and various new project developments pertaining to steel, chemical, refining and other industries in India are forecast to increase demand for industrial gases in the coming years. Major steel producers such as SAIL, Tata Steel and JSW Steel, among others are focusing on capacity expansions and this is anticipated to increase consumption of industrial gases over the course of next 5-10 years. Further, robust anticipated growth in the chemical industry in India from about USD140 billion in 2015 to USD220 billion by 2020, is also expected to drive demand for industrial gases in the country in the coming years.

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“Growing oil & gas exploration, production and processing activities in India is anticipated to positively influence demand for industrial gases in India. Hydrogen and oxygen are the major industrial gases used in refineries for process intensification. Moreover, India is emerging as a key export market for food products, due to growing demand for processed & frozen food products from Middle East, Europe and other Asian countries, and this is expected to boost demand for dry ice and nitrogen in India during the forecast period. Further, increasing installation of effluent treatment plants to control industrial water pollution and promote recycling and reuse of water is anticipated to augur well for India industrial gases market through 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Industrial, Specialty & Shielding Gases Market By Application, Mode of Distribution & Region, Forecast & Opportunities, 2012-2026has evaluated India industrial gases market and has provided the statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in India industrial gases market.

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India Industrial, Specialty & Shielding Gases Market By Application (Metallurgy; Refinery, Chemical & Petrochemical; etc.), Mode of Distribution (Tonnage, Bulk, Packaged) & Region (North, East, South & West), Forecast & Opportunities, 2012-2026

Oil and Gas | Apr, 2017

High demand from end user industries coupled with robust capacity expansions of major manufacturers to drive India industrial gases market through 2026

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