MarkNtel Advisors, a leading research and consulting firm, has announced the release of its latest study titled India Industrial Gases Market Research Report: Forecast (2026–2032). This report provides a detailed assessment of the India Industrial Gases Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

 Timeline Overview

• Historical Years: 2021–24
• Base Year: 2025
• Forecast Years: 2026–32

This helps businesses identify emerging opportunities, assess risks, and develop data-driven strategies for long-term success.

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India Industrial Gases Market Outlook

The India Industrial Gases Market size is valued at around USD 1.48 billion in 2025 and is projected to reach USD 2.19 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.76% during the forecast period, i.e., 2026-32. India’s Industrial Gases industry is poised for robust growth, driven by large-scale manufacturing growth across steel, chemicals, refining, and energy transitions.

India Industrial Gases Market Drivers:

Increasing Oxygen Demand from Expanding Steel Industry

India’s accelerated steel-capacity additions and ongoing plant upgrades continue to be the most significant contributors to rising oxygen demand. The expansion of integrated steel facilities and the gradual shift toward EAF-based production require stable, high-volume oxygen and argon flows.

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India Industrial Gases Market Trends:

Inclination Towards Standard & Modular Air-Separation Units (ASUs)

The adoption of modular, skid-mounted air-separation units (ASUs) has accelerated sharply across India’s industrial ecosystem, driven by the need for faster deployment and predictable engineering outcomes. For instance, in 2024, Air Liquide announced the global scale-up of its “Next Generation” modular ASU platform, designed to shorten construction and commissioning schedules through factory-built modules and repeatable engineering packages as an approach positioned for rapid rollouts in emerging industrial regions.

India Industrial Gases Market Segmentation

The study categorizes the India Industrial Gases Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Gas -Market Size & Forecast 2022-2032, USD Million

• Nitrogen
• Oxygen
• Carbon dioxide
• Argon
• Hydrogen
• Helium
• Acetylene
• Others

By Application- Market Size & Forecast 2022-2032, USD Million

• Combustion and process oxygen
• Welding and metal fabrication
• Inerting blanketing and heat treating
• Cryogenics and liquefaction
• Chemical synthesis and hydrogenation
• Purging and purifications
• Analytical and calibration

By Supply Mode - Market Size & Forecast 2022-2032, USD Million

• Packaged Gases Supply (Merchant Sales)
• Bulk or Liquid Gases Supply
• Onsite Generation or Pipeline Supply
• Gases-as-a-Service Model

By End-User Industry- Market Size & Forecast 2022-2032, USD Million

• Oil and Gases
• Petrochemicals and Chemicals
• Power and Energy
• Mining, Steelmaking, Metals
• Healthcare
• Food and Beverages
• Fertilizers
• Others

Geographical Analysis

The report presents detailed insights into the ’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North
• South
• West
• East.

Talk to Our Industry Analyst: - https://www.marknteladvisors.com/query/talk-to-our-consultant/industrial-gases-market-india.html  Get personalized insights into company strategies and regional dynamics.)

Leading Companies in India Industrial Gases Market Worldwide: Players, Analysis & Future Outlook

• INOX Air Products Pvt. Ltd.
• Linde India Limited
• Air Liquide India Holding Pvt Ltd.
• Messer India Pvt Ltd.
• Goyal MG Gases Pvt Ltd.
• Ellenbarrie Industrial Gases Ltd.
• Air Water India Pvt. Ltd.
• Pavan Industrial Gas Ltd.
• Universal Air & Gas Pvt. Ltd.
• Bhoruka Specialty Gases
• Others (Emerging Startups & MSMEs).

Key Highlights of the Report

• Comprehensive Overview: In-depth analysis of size, share, and forecasts from 2026 to 2032.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/industrial-gases-market-india.html

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the India Industrial Gases Market?
   2. What are the major factors driving this ’s growth?
   3. Which regions are expected to lead the India Industrial Gases Market?
   4. Who are the prominent players in the India Industrial Gases Market?
   5. How is the competition structured in this ?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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