As per MRFR analysis, the India Industrial Gases Market Size was estimated at 39.6 (USD Million) in 2023.The India Industrial Gases Market Industry is expected to grow from 42(USD Million) in 2024 to 84 (USD Million) by 2035. The India Industrial Gases Market CAGR (growth rate) is expected to be around 6.504% during the forecast period (2025 - 2035).
Shifts in the India Industrial Gases Market are occurring due to the growth of the health care sector, manufacturing, and energy in the country, as these have been identified to be essential in India’s emerging industrialization. Significant factors such as the increase in the number of healthcare facilities available and the surging demand for medical aid during the pandemic have changed the market landscape for medical oxygen and nitrogen gas applications. Moreover, the stern regulatory policies towards modernization in the food and beverage and pharmaceutical industries have escalated the use of industrial gasses. The other side, however, focuses on the sustainability which opens other avenues in the employment of environmentally friendly gasses and technologies like liquefied natural gas (LNG) and even hydrogen in energy applications.
The government of India is promoting the use of hydrogen as an energy source by supporting research and development initiatives related to clean energy and fuel cell technology. Specialized gases are in higher demand not only due to their unique application but also enhanced safety and compliance monitoring requirements within industrial operations. Recently, the practice of gas generation at the user’s location has gained traction as a more affordable and efficient option for organizations. This trend supports the goals of Indian companies aimed at minimizing carbon emissions and maximizing production efficiency. There is a growing opportunity for the creation of more tailored gas supply systems which companies are increasingly willing to invest in.
In addition, the shift towards the automated management of industrial gas requirements is gaining popularity. More businesses are looking to monitor their gas usage in real time and have customized gas supply systems for their business. These trends are expected to help shape the future of industrial gases market in India.
Growing Demand from Healthcare Sector
The India Industrial Gases Market Industry is experiencing significant growth driven by the increasing demand for industrial gases in the healthcare sector. A report from the Ministry of Health and Family Welfare indicates that the demand for medical oxygen has surged, especially during the COVID-19 pandemic, with hospitals requiring approximately 1,200 metric tons of oxygen per day to treat patients. Established organizations such as Linde India and Air Products are expanding their production capacities to meet this rising demand.The healthcare sector's expansion is projected to continue with a compound annual growth rate (CAGR) of over 10% in the next few years, further propelling the Industrial Gases Market in India. Additionally, initiatives like the 'Ayushman Bharat' scheme aim to provide accessible healthcare solutions, which can escalate the requirement for various industrial gases, thus contributing to the overall market growth.
Rise in Industrial Activities
The resurgence of industrial activities post-pandemic has significantly boosted the India Industrial Gases Market Industry. The Indian government has actively promoted initiatives such as 'Make in India' to encourage domestic manufacturing and attract foreign investments, which in turn is driving the need for industrial gases. The manufacturing sector is expected to grow at a rate of 11.5% annually, leading to an increased demand for gases such as nitrogen and hydrogen in various applications including metal fabrication, food processing, and chemicals.Prominent companies like Praxair and Air Liquide are adjusting their strategies to embrace this industrial growth, thereby enhancing their market presence.
Technological Advancements in Gas Production
Technological advancements in the production and supply chain of industrial gases are playing a crucial role in the growth of the India Industrial Gases Market Industry. Innovations such as pressure swing adsorption and membrane separation technologies have improved the efficiency of gas production, enabling suppliers to cater to larger markets. The Department of Science and Technology in India has reported that these technologies can lead to a 30% reduction in energy consumption during gas production.Companies like Inox Air Products are leveraging these advancements to increase operational efficiency, thus enhancing their competitive edge in a growing market.
Stringent Environmental Regulations
The introduction of stringent environmental regulations in India is driving the growth of the India Industrial Gases Market Industry, specifically for sustainable and eco-friendly gases. The Central Pollution Control Board has set guidelines that encourage industries to adopt cleaner production methods and reduce carbon emissions. This has led to a growing demand for green gases such as hydrogen and biogas. Established players like GAIL and Reliance Industries are now focusing on green initiatives and investing in Research and Development efforts to create solutions that meet these regulations, thereby contributing to the market's expansion as businesses seek compliance and sustainability.
Industrial Gases Market Type Insights
The India Industrial Gases Market showcases a multifaceted landscape influenced by various types of gases including Hydrogen, Oxygen, Nitrogen, Carbon-dioxide, and others. Hydrogen, known for its crucial role in fuel cells and petrochemical processes, is gaining traction due to India's push towards clean energy solutions. As the nation aims to reduce carbon emissions, the adoption of Hydrogen fuel technology is expected to significantly propel its usage in industries, making it a pivotal segment in the landscape of the India Industrial Gases Market. Oxygen, primarily utilized in the medical sector, metal manufacturing, and water treatment processes, holds a dominant position in the market owing to the rising healthcare demands and advancements in technology.
The proliferation of oxygen concentrators in hospitals during recent health crises exemplifies the increasing need for this essential gas. Furthermore, Nitrogen, which is widely used in food preservation, pharmaceuticals, and electronics, continues to reflect consistent demand owing to its inert nature and capabilities in enhancing the shelf life of products.Carbon-dioxide plays a vital role in the beverage industry, particularly in the carbonation of soft drinks and beers, which highlights its significance in consumer-oriented markets. Its utility extends to various sectors including agriculture for controlled atmospheric storage and food processing, thus making it an integral component of the India Industrial Gases Market.
Additionally, other gases in the segment, such as Argon and Acetylene, are used in specialized applications like welding and cutting, contributing to the technological processes in various industries.The segmentation of the India Industrial Gases Market reveals a dynamic growth driven by technology advancements and evolving industrial requirements. The increasing industrial activities fueled by the government's initiatives for manufacturing and urban development further amplify the demand for these gases. Furthermore, sustainability concerns and regulatory incentives encourage innovations and the exploration of alternative gas applications, enhancing opportunities for growth. The India Industrial Gases Market exhibits a promising trajectory, catering to diverse sectors, and reflects the ongoing transformation within the industrial gas domain, making it an area of significant investment and interest in the coming years.
Industrial Gases Market End User Insights
The India Industrial Gases Market is driven significantly by its diverse End User applications which include Industry, Transportation, Agriculture, Energy, and Others. The industrial sector is one of the primary consumers, leveraging gases for processes such as metal fabrication and electronics, playing a crucial role in manufacturing growth in India. The transportation sector utilizes industrial gases for applications such as fuel enhancement and refrigeration, contributing to safer and more efficient transport systems. Agriculture also shows a rising demand, using gases for crop preservation and enhancing productivity through innovative techniques like controlled atmosphere storage.Energy production relies on industrial gases for power generation and as a key component in cleaner technologies. Other sectors encompass a variety of industries that utilize gases for operational efficiency, showcasing the versatility of industrial gases across India. With substantial investment in infrastructure and technology, all these segments are positioned to capitalize on the expanding industrial landscape, thereby influencing market growth for the India Industrial Gases Market.
The India Industrial Gases Market is characterized by a diverse and competitive landscape, driven by increasing demand across multiple sectors such as healthcare, manufacturing, and energy. Companies within this market strive to leverage innovative production techniques and distribution frameworks to capture market share. The landscape is marked by several players that possess unique strengths and capabilities, allowing them to cater to the specific needs of various industries. The competitive dynamics are influenced by factors such as advancements in technology, emerging applications for industrial gases, and varying regulatory environments, all contributing to a complex yet vibrant market scenario. Firms are continually focusing on sustainability and improving energy efficiency, which adds another layer of competition as they seek to differentiate their offerings.Chemtrail Gases holds a prominent position within the India Industrial Gases Market, showcasing a well-established presence and a robust operational framework.
The company's strengths lie in its extensive production capabilities and a wide distribution network, which facilitate meeting the growing demand for industrial gases across the country. Chemtrail Gases has developed a reputation for high product quality and reliability, which has helped in securing long-term contracts with major industries. The company also invests in research and development to innovate and adapt its offerings, ensuring that it keeps pace with the evolving needs of the market. Additionally, its customer-centric approach is pivotal in fostering strong relationships with clients, aiding its competitiveness in this dynamic sector.
Reliance Industrial Gases is another player that significantly impacts the India Industrial Gases Market, recognized for its extensive range of products and services, including industrial gases like oxygen, nitrogen, and argon, which are essential for various industrial applications. The company has established a solid footprint across India, underscoring its commitment to quality and service excellence. Reliance Industrial Gases has demonstrated considerable strengths in operational efficiency and logistical management, ensuring timely delivery and optimal supply chain solutions for its customers. The company is also active in pursuing mergers and acquisitions to expand its market presence and enhance its capabilities. This strategic approach not only bolsters its position in the market but also enables Reliance Industrial Gases to diversify its product offerings and penetrate new customer segments, aligning with the growing demands of the industrial sector.
Recent developments in the India Industrial Gases Market have seen significant momentum, particularly with companies like Linde India and Inox Air Products expanding their capacities to meet growing demand in sectors like healthcare and manufacturing. For instance, in September 2023, Inox Air Products inaugurated a new production facility in Maharashtra to enhance its supply of liquid gases. Meanwhile, in the realm of mergers and acquisitions, Linde India announced its acquisition of a 50% stake in a joint venture with Aditya Birla Chemicals in August 2023, marking a major consolidation effort in the industry. The market valuation of key players like Reliance Industrial Gases and Gujarat Alkalies and Chemicals has been positively influenced, with investment in technological advancements and sustainability initiatives pushing growth. Moreover, India's industrial gases market is projected to experience robust growth owing to the increase in demand from various sectors including pharmaceuticals and food & beverages. Recent government initiatives aimed at promoting clean energy and industrial development are further augmenting prospects for these companies in the long term. Over the past few years, the market has also witnessed a surge in innovation, with a focus on the production of environmentally friendly gases.
Industrial Gases Market Type Outlook
Industrial Gases Market End User Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 39.6(USD Million) |
| MARKET SIZE 2024 | 42.0(USD Million) |
| MARKET SIZE 2035 | 84.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.504% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Chemtrail Gases, Reliance Industrial Gases, Gujarat Alkalies and Chemicals, Sabic India, Takkat Gas, Boc India, Linde India, Gujarat Gas, Inox Air Products, Indian Oxygen, Air Products and Chemicals, Aditya Birla Chemicals, Messer India, National Oxygen |
| SEGMENTS COVERED | Type, End User |
| KEY MARKET OPPORTUNITIES | Growing demand in healthcare sector, Expansion in manufacturing industries, Increasing adoption of clean technologies, Rising investments in infrastructure development, Enhanced focus on energy efficiency solutions |
| KEY MARKET DYNAMICS | rising industrialization, demand for clean energy, technological advancements, stringent regulations, supply chain challenges |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Industrial Gases Market is expected to be valued at 84.0 million USD by 2035.
The anticipated CAGR for the India Industrial Gases Market is 6.504 percent from 2025 to 2035.
By 2035, Hydrogen is projected to have the largest market value at 20.0 million USD.
In 2024, the market size for Oxygen in the India Industrial Gases Market is valued at 12.0 million USD.
Key players in the India Industrial Gases Market include Chemtrail Gases, Reliance Industrial Gases, and Linde India among others.
The expected market value for Nitrogen in the India Industrial Gases Market by 2035 is 16.0 million USD.
The market size for Carbon-dioxide in 2024 is projected to be 6.0 million USD.
Growing industrialization and demand for clean energy solutions are key trends driving growth in this market.
The market is expected to develop positively, reflecting a steady increase in demand for industrial gases.
The Others segment is valued at 6.0 million USD in the India Industrial Gases Market for the year 2024.
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