• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    India Industrial Gases Market

    ID: MRFR/E&P/52995-HCR
    200 Pages
    Garvit Vyas
    October 2025

    India Industrial Gases Market Research Report By Type (Hydrogen, Oxygen, Nitrogen, Carbon-dioxide, Others) andBy End User (Industry, Transportation, Agriculture, Energy, Others)- Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    India Industrial Gases Market Infographic
    Purchase Options

    India Industrial Gases Market Summary

    The India Industrial Gases market is poised for substantial growth, projected to reach 84 USD Million by 2035.

    Key Market Trends & Highlights

    India Industrial Gases Key Trends and Highlights

    • The market valuation is expected to grow from 42 USD Million in 2024 to 84 USD Million by 2035.
    • A compound annual growth rate (CAGR) of 6.5 percent is anticipated from 2025 to 2035.
    • The increasing demand for industrial gases across various sectors is likely to drive market expansion.
    • Growing adoption of advanced manufacturing technologies due to increased industrialization is a major market driver.

    Market Size & Forecast

    2024 Market Size 42 (USD Million)
    2035 Market Size 84 (USD Million)
    CAGR (2025-2035) 6.5%

    Major Players

    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

    India Industrial Gases Market Trends

    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.

    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.

    Market Segment Insights

    Industrial Gases Market Type Insights

    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. 

    Industrial Gases Market End User Insights

    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.

    Get more detailed insights about India Industrial Gases Market

    Key Players and Competitive Insights

    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.

    Key Companies in the India Industrial Gases Market market include

    Industry Developments

    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.

    Market Segmentation

    Outlook

    • Industry
    • Transportation
    • Agriculture
    • Energy
    • Others
    •  
    • Beta

    Report Scope

     

    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

     

    Leave a Comment

    FAQs

    What is the projected market size of the India Industrial Gases Market by 2035?

    The India Industrial Gases Market is expected to be valued at 84.0 million USD by 2035.

    What is the expected CAGR for the India Industrial Gases Market from 2025 to 2035?

    The anticipated CAGR for the India Industrial Gases Market is 6.504 percent from 2025 to 2035.

    Which type of industrial gas is expected to have the largest market value in 2035?

    By 2035, Hydrogen is projected to have the largest market value at 20.0 million USD.

    What is the market size of Oxygen in the India Industrial Gases Market for 2024?

    In 2024, the market size for Oxygen in the India Industrial Gases Market is valued at 12.0 million USD.

    Who are the major players in the India Industrial Gases Market?

    Key players in the India Industrial Gases Market include Chemtrail Gases, Reliance Industrial Gases, and Linde India among others.

    What is the expected market value for Nitrogen in 2035?

    The expected market value for Nitrogen in the India Industrial Gases Market by 2035 is 16.0 million USD.

    What is the projected market size for Carbon-dioxide in 2024?

    The market size for Carbon-dioxide in 2024 is projected to be 6.0 million USD.

    What key trends are driving growth in the India Industrial Gases Market?

    Growing industrialization and demand for clean energy solutions are key trends driving growth in this market.

    How is the India Industrial Gases Market expected to develop in the next few years?

    The market is expected to develop positively, reflecting a steady increase in demand for industrial gases.

    What is the value of the Others segment in the India Industrial Gases Market for 2024?

    The Others segment is valued at 6.0 million USD in the India Industrial Gases Market for the year 2024.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions