India Liquid Oxygen Market to Grow with a CAGR of 3.99% through 2031

The India Liquid Oxygen Market is driven by rising medical demand, industrial applications, infrastructure expansion, and supportive government policies, especially post-COVID-19, boosting healthcare capacity and oxygen production capabilities.

According to TechSci Research report, “India Liquid Oxygen Market - By Region, Competition, Forecast & Opportunities, 2031F”, the India Liquid Oxygen Market was valued at USD 208 Million in 2025 and is expected to reach USD 241 Million by 2031 with a CAGR of 3.99%.

Technological advancements in the India Liquid Oxygen Market are accelerating, focusing on efficiency, sustainability, and supply reliability. Cryogenic air separation units have evolved with energy-efficient designs, incorporating renewable integration like solar-powered compressors to lower operational costs. IoT-enabled monitoring systems, adopted by INOX Air Products, allow real-time tracking of tank levels and purity, reducing wastage by up to 15% in healthcare deliveries. Pressure Swing Adsorption (PSA) technology complements liquid oxygen production, enabling on-site generation in remote hospitals, as supported by the Ministry of Health's initiatives.

In aerospace, advancements in storage tanks with advanced insulation materials minimize boil-off losses, crucial for ISRO's missions. Bio-based catalysts in production processes, researched by IITs, enhance separation efficiency while aligning with green policies. Digital twins simulate supply chains, optimizing logistics amid India's diverse terrain. Portable liquid oxygen devices, like those from Air Liquide, feature lightweight composites for home care, improving patient mobility. These innovations, backed by the Atmanirbhar Bharat scheme, foster local manufacturing and reduce import dependency, positioning India as a regional leader.

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The India Liquid Oxygen Market is segmented into type, end user, regional distribution, and company

Based on end user, the Gas Industries segment was expected to dominate the India Liquid Oxygen Market throughout the forecast period. This dominance is driven by the extensive use of liquid oxygen in various industrial processes such as steel manufacturing, chemical production, metal fabrication, and welding. The demand for high-purity oxygen in these industries is critical for enhancing efficiency, reducing emissions, and improving product quality. Rapid industrialization and infrastructure development across India are fueling the expansion of gas-based industries, which in turn is driving sustained growth in liquid oxygen consumption. Investments in advanced manufacturing technologies and the push for cleaner production methods further reinforce the vital role of liquid oxygen, securing the gas industries segment’s leading position in the market.

Based on region, the West region has emerged as the fastest-growing segment in the India Liquid Oxygen Market, driven by rapid industrialization, expanding healthcare infrastructure, and increasing urbanization in states like Maharashtra, Gujarat, and Rajasthan. The region’s strong presence of pharmaceutical, chemical, and manufacturing industries significantly boosts demand for industrial-grade liquid oxygen. The growth of advanced medical facilities and rising investments in healthcare services contribute to increased consumption of medical-grade liquid oxygen. Strategic government initiatives to improve healthcare access and environmental regulations encouraging cleaner production methods further accelerate market growth. The West’s robust economic development and infrastructural advancements are key factors sustaining its rapid growth trajectory in the liquid oxygen market.

Major companies operating in the India Liquid Oxygen Market are:

• INOX Air Products
• Ellenbarrie Industrial Gases
• India Glycols Pvt Ltd.
• UNIVERSAL BOSCHI
• Delhi Cryogenic Products Private Limited.
• Reliance Industries Ltd
• Praxair India Pvt. Ltd

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“Fueled by the expansion of healthcare infrastructure and industrial development, the market is characterized by a strong focus on vertical tank storage and medical end-users. However, it faces challenges such as supply chain constraints. Key trends include a shift towards sustainable, green production methods and the integration of IoT technologies.”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“India Liquid Oxygen Market, By Type (Vertical Storage Tank v/s Horizontal Storage Tank), By End User (Aerospace, Submarine, Gas Industries, Medical, Others), By Region, Competition Forecast & Opportunities, 2021-2031F”, has evaluated the future growth potential of India Liquid Oxygen Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Liquid Oxygen Market.

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