Commencement of Air Separation units favors India industrial gases market

India: Linde has entered into a long term agreement with Tata Steel Limited, for the construction of two air separation units with an installed capacity of 2400 tonnes per day at Kalinganagar, Odisha. The Company is obliged to supply industrial gases and liquid products to Tata Steel Ltd’s Kalinganagar steel works project.

TechSci Research depicts that with the favorable government policies to support manufacturing sector along with growing demand from various end user industries such as metallurgy and petrochemicals, is anticipated to boost the demand for industrial gases in India. In addition to this, various upcoming steel projects are integrating industrial gas production units to address the bulk requirements for industrial gases, thereby aiding the industrial gases market in the country.

According to released report of TechSci Research “India Industrial Gases Market Forecast and Opportunities, 2020”, the market for industrial gases in India is projected to cross USD$2 billion by 2020. Growing competition between the global and local players has had a huge pressure on industrial gases prices in India. Global players hold a major share in the country’s industrial gases market as they are mostly involved in signing long term agreement with consumers. With the new iron and steel plants anticipated to become operational over the next five years, the demand for industrial gases is further forecast to increase at a robust pace during 2015-2020.