India Industrial Gases Market Size & Outlook, 2023-2030
India industrial gases market, 2018-2030 (US$M)
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India industrial gases market highlights
- The India industrial gases market generated a revenue of USD 11,427.2 million in 2023 and is expected to reach USD 21,569.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Carbon Dioxide is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial gases market data book summary
| Market revenue in 2023 | USD 11,427.2 million |
| Market revenue in 2030 | USD 21,569.9 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Carbon Dioxide |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, India accounted for 10.9% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 31,811.1 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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India industrial gases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 26.73% in 2023. Horizon Databook has segmented the India industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
India is recognized as one of the fastest-growing economies in Asia Pacific and in the world. Increasing foreign direct investments in the country and a rise in the number of foreign companies entering the Indian market are expected to boost the growth of the manufacturing industries.
In addition, changing lifestyles and preferences are projected to promote the growth of industries such as food & beverages, electronics, and healthcare. The growth of the Indian healthcare industry is anticipated to have a positive impact on the demand for industrial gases.
According to India Brand Equity Foundation, the Indian healthcare market is expected to reach USD 122.9 billion by 2020 owing to increasing investments and government initiatives, which are likely to promote the production and consumption of industrial gases such as oxygen, nitrogen over the forecast period in healthcare facilities and medical research laboratories.
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into India industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India industrial gases market size, by product, 2018-2030 (US$M)
India Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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