Forecast Report on India Industrial Gases [2010 - 2020]

Jan 16 2016 Mumbai, India: Bharatbook.com announces a report on “ Forecast Report on India Industrial Gases [2010 – 2020] ”. Industrial gases find application in various other end user industries including electronics, chemical, fabrication, energy and food & beverage.

Industrial gases are also known as specialty gases, fuel gases, medical gases and refrigerant gases. https://www.bharatbook.com/oil-gas-market-research-reports-436615/industrial-oil-gas-india.html Nitrogen, Oxygen and Argon are few of the most commonly used industrial gases in India. Industrial gases are often used as process enhancers due to their physical and chemical properties. Growing demand from various end user industries such as metallurgy and petrochemicals, coupled with implementation of favorable government policies to support manufacturing sector are projected to fuel growth in India industrial gases market during 2015 - 2020. Industrial gases find application in various other end user industries including electronics, chemical, fabrication, energy and food & beverage. Various big industrial players in India such as Tata Steel, JSW, Bhusan Steel and Vedanta are few of the major consumers of industrial gases in the country.

According to “India Industrial Gases Market By Type (Oxygen, Argon, Nitrogen), By End User (Metallurgy, Medical, Petrochemicals, Welding, etc.) and Competition Forecast and Opportunities, 2010 - 2020”, the market for industrial gases in India is projected to cross US$2 billion by 2020. Rising competition among local and major players such as Inox Air Products, Praxair and Linde is leading to significant price reduction of industrial gases in India. Various upcoming steel projects are integrating industrial gas production units to address the bulk requirements for industrial gases. Additionally, huge investments in India for capacity additions at existing end user facilities and new projects is anticipated to further boost industrial gases market in India through...