India Industrial Gases Market (2025-2030)
The India Industrial Gases Market was valued at $1747.4 Million in 2025 and projected to reach to $2371.7 Million by 2030, representing a compound annual growth rate of 6.3%. India's industrial gases market is positioned for sustained growth through 2030, supported by the country's rapid industrialization and large-scale infrastructure projects.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
India Industrial Gases Market Trends and Insights
- This expansion in India reflects accelerating demand from the packaging, construction, and mining sectors, driven by rapid industrialization and infrastructure development across the country.
- India's strategic position in Asia Pacific positions it as a key growth engine for industrial gas consumption. The forecast period through 2030 demonstrates India's increasing reliance on industrial gases for manufacturing and operational efficiency.
- India's market growth outpaces the global average of 5.1% CAGR, underscoring the nation's industrial momentum and rising adoption of specialized gas solutions.
- Key end-use industries in India-including steel production, chemical manufacturing, and food processing-are driving sustained demand for oxygen, nitrogen, argon, and hydrogen gases. India's industrial gases market benefits from government initiatives supporting manufacturing competitiveness and infrastructure modernization.
- The trajectory from 2025 to 2030 indicates India will capture an increasingly significant share of Asia Pacific's industrial gases consumption, supported by favorable demographics, cost-competitive production, and expanding industrial capacity..
Key Market Statistics
- CAGR (2025-2030) 6.3% CAGR
- Market Size, 2025 ~USD 1747.4 Million
- Forecast, 2030 ~USD 2371.7 Million
- Country India
India Industrial Gases Market Overview
Strong CAGR Growth :
India's industrial gases market is growing at 6.3% CAGR from 2025-2030, outpacing the global growth rate of 5.1%, driven by rapid industrialization and infrastructure expansion across the nation.
Significant Market Expansion :
The market is projected to grow from USD 1,747.4 million in 2025 to USD 2,371.7 million by 2030, representing an increase of USD 624.3 million over the five-year forecast period.
Multi-Sector Demand Drivers :
Growth is fueled by accelerating demand from packaging, construction, and mining sectors, with industrial gases essential for welding, cutting, metal fabrication, and material processing applications.
Infrastructure Development Catalyst :
India's ongoing infrastructure development initiatives, urbanization, and manufacturing sector expansion create sustained demand for industrial gases across multiple end-use industries.
India Industrial Gases Market Dynamics
- The packaging sector's expansion, coupled with construction activities and mining operations, creates consistent demand for oxygen, nitrogen, argon, and specialty gases.
- Government initiatives promoting manufacturing and infrastructure development further strengthen market fundamentals. The forecast period will witness increased adoption of industrial gases in emerging applications and geographic expansion beyond metropolitan areas.
- Rising investments in metal fabrication, automotive, and food processing industries will drive consumption.
- Additionally, technological advancements in gas production and distribution, combined with growing environmental awareness, are expected to shape market dynamics and create opportunities for market participants in India..
Related Ecosystem
Bulk Chemicals And Inorganics
- Corrosion Inhibitors
- Glycol Ethers
- Acetic Acid
- Acetone
- Ammonium Nitrate
- Basf se
- DOW CHEMICAL COMPANY
- Exxon Mobil Corporation
- AZELIS HOLDINGS SA
- Sinopec limited
Energy Storage
- Energy Harvesting
- HVAC System
- Applicant Tracking System
- Battery Electric Vehicle (BEV)
- Carboxymethyl Cellulose (CMC)
- MOMENTIVE PERFORMANCE MATERIALS INC.
- Panasonic Holdings Corporation
- ABB India Limited
- Lg corp
- FDK Corporation
Industrial Gases
- Dry Cooling Tower
- HVAC System
- Heat Exchanger
- Hybrid Cooling Tower
- Industrial Refrigeration
- Linde plc
- AIR LIQUIDE
- MESSER GROUP GMBH
- Air Products and Chemicals, Inc.
- Iwatani Corporation
Key Takeaways
- India's industrial gases market will grow from USD 1,747.4M (2025) to USD 2,371.7M (2030) at a 6.3% CAGR, outpacing global growth.
- India's market expansion is driven by rapid industrialization, infrastructure development, and rising demand from steel, chemical, and food processing sectors.
- India's 6.3% CAGR exceeds the global average of 5.1%, positioning India as a high-growth market within Asia Pacific.
- Government manufacturing initiatives and infrastructure modernization programs are accelerating industrial gas adoption across India.
Industrial Gases Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | FOOD & BEVERAGES (End-Use Industry) |
| Forecast Period | 2025-2030 |
| Growth Rate | CAGR of 5.1% from 2025 to 2030 |
| Largest Segment | OXYGEN (Type) |
| Market Size Base Year (Billions) | ~USD 98.67 (2025) |
| Revenue Forecast (Billions) | ~USD 126.53 (2030) |
| Segments Covered | Type, End-Use Industry |
India Industrial Gases Market Report Segmentation
2 segment dimensions are covered across the global market.
By Type
- Acetylene
- Carbon Dioxide
- Hydrogen
- Inert Gases
- Nitrogen
- Other Gases
- Oxygen
By End-Use Industry
- Chemicals
- Electronics
- Food & Beverages
- Food And Beverages
- Healthcare
- Manufacturing
- Metallurgy
- Other End-Use Industries
- Refining
INDIA: INDUSTRIAL GASES MARKET, BY END-USE INDUSTRY, 2024–2030
| Segment | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR (%) |
|---|---|---|---|---|---|---|---|---|
| CHEMICALS | 300.9 | 320.8 | 342 | 364.5 | 388.5 | 414 | 441.1 | 6.6 |
| ELECTRONICS | 83.3 | 89 | 95.2 | 101.8 | 108.8 | 116.4 | 124.4 | 6.9 |
| FOOD & BEVERAGES | 167.3 | 179.2 | 191.9 | 205.6 | 220.2 | 235.9 | 252.7 | 7.1 |
| HEALTHCARE | 231.3 | 246.3 | 262.4 | 279.5 | 297.7 | 317.2 | 337.8 | 6.5 |
| MANUFACTURING | 197.7 | 210.4 | 223.9 | 238.2 | 253.4 | 269.6 | 286.9 | 6.4 |
| METALLURGY | 376.2 | 396.6 | 418.1 | 440.7 | 464.6 | 489.8 | 516.3 | 5.4 |
| OTHER END-USE INDUSTRIES | 140.1 | 149.1 | 158.7 | 168.9 | 179.7 | 191.3 | 203.5 | 6.4 |
| REFINING | 147.1 | 156 | 165.4 | 175.3 | 185.9 | 197.1 | 209 | 6 |
| TOTAL | 1643.9 | 1747.4 | 1857.5 | 1974.6 | 2098.9 | 2231.2 | 2371.7 | 6.3 |
Target Audience
- Industrial Gas Manufacturers : Need India-specific market data to assess production capacity requirements, identify growth opportunities in packaging and construction sectors, and plan facility expansion or new plant investments.
- Distribution & Supply Chain Partners : Require detailed market forecasts and sector demand analysis to optimize logistics networks, plan inventory levels, and identify high-potential regions for distribution expansion across India.
- End-User Industries : Packaging, construction, and mining companies need market insights to forecast gas procurement costs, evaluate supplier relationships, and plan production scaling based on market growth trends.
- Investment & Private Equity Firms : Seek India market validation and growth projections to evaluate acquisition targets, assess portfolio company performance, and identify investment opportunities in the industrial gases sector.
- Strategic Consultants & Business Planners : Utilize India market data to develop client strategies, support market entry plans, conduct competitive analysis, and provide evidence-based recommendations for business development initiatives.
Reasons to Buy this Report
- Market Size & Growth Validation : Obtain precise market valuation for India (USD 1,747.4M in 2025) and verified forecast data through 2030, enabling accurate business planning and investment decisions in the Indian industrial gases sector.
- Sector-Specific Insights : Understand demand dynamics across packaging, construction, and mining sectors in India, identifying which industries offer the highest growth potential and investment opportunities for your business.
- Competitive Positioning Strategy : Benchmark your operations against India's 6.3% CAGR growth rate and develop competitive strategies to capture market share in this high-growth emerging market ahead of competitors.
- Regional Expansion Planning : Leverage detailed India-specific market data to identify geographic expansion opportunities, assess regional demand patterns, and prioritize market entry or expansion strategies across Indian states.
- Investment & Risk Assessment : Make informed investment decisions with comprehensive India market analysis, including growth drivers, sector trends, and forecast reliability, reducing business risk and maximizing ROI potential.
Frequently asked questions
What is the current size of India's industrial gases market?
India's industrial gases market is valued at USD 1,747.4 million in 2025 and is projected to reach USD 2,371.7 million by 2030.
What is the expected growth rate for India's industrial gases market?
India's industrial gases market is expected to grow at a CAGR of 6.3% from 2025 to 2030, outpacing the global average of 5.1%.
Which industries drive demand for industrial gases in India?
Key demand drivers in India include steel production, chemical manufacturing, food processing, construction, mining, and packaging sectors.
Why is India's market growth faster than the global average?
India's above-average growth reflects rapid industrialization, infrastructure modernization, government manufacturing initiatives, and expanding industrial capacity.
What types of industrial gases are most consumed in India?
India's primary industrial gas consumption includes oxygen, nitrogen, argon, and hydrogen, utilized across manufacturing, healthcare, and energy sectors.
RESEARCH METHODOLOGY
The study involved four key activities to estimate the current global size of the industrial gases market. Extensive secondary research was conducted to collect information on the market, its peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizes with industry experts across the entire industrial gases value chain through primary research. Both the top-down and bottom-up methods were used to estimate the overall market size. Following that, market segmentation and data triangulation techniques were applied to determine the size of various segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Business Standard, Bloomberg, World Bank, and Factiva were used to identify and gather information for this study on the industrial gases market. These sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Various primary sources from the supply and demand sides of the industrial gases market were interviewed to gather qualitative and quantitative information. The primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and other key executives from leading companies and organizations operating in the industrial gases industry. The breakdown of the profiles of primary respondents is as follows:
The following is a breakdown of the primary respondents:
Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = < USD 500 million.
Other designations include sales, marketing, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the global size of the industrial gases market. These methods were also extensively employed to determine the size of various related market segments. The research methodology used to estimate the market size included the following details:
- The key players were identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size were determined through primary and secondary research methods.
- All percentage shares, splits, and breakdowns were calculated using secondary sources and verified through primary sources.
- All relevant parameters influencing the markets covered in this study were considered, analyzed in detail, verified through primary research, and used to derive both final quantitative and qualitative data.
- The research includes an evaluation of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
Data Triangulation
After estimating the overall market size using the process described above, the total market was divided into several segments and sub-segments. Data triangulation and market breakdown methods were used, where applicable, to complete the overall market analysis and determine accurate statistics for all segments and sub-segments of the industrial gases market. The data was triangulated by examining various factors and trends from both the demand and supply sides. Additionally, the market size was validated using both top-down and bottom-up approaches and confirmed through primary interviews. Therefore, three sources were used for each data segment—top-down approach, bottom-up approach, and expert interviews. The data was considered accurate when the values from all three sources matched.
Market Definition
Industrial gases are gaseous substances created and used for various industrial and commercial activities. Much of the manufacturing and delivery of industrial gases involves large-scale processes, typically through air separation, chemical reactions, or purifying natural gas sources and then separating the desired gases. Industrial gases can be delivered compressed, in liquid form, or cryogenically. They are vital to many sectors, supporting production efficiency, quality, and innovation. The delivery, handling, and supply of industrial gases require specialized equipment, infrastructure, and processes, along with strict safety, purity, and quality standards. Industrial gases play a crucial role in modern industry, enabling technological advancement, supporting economic growth, and powering various sectors worldwide.
Stakeholders
- Industrial gases producers
- Industrial gases distributors
- Raw material suppliers
- Research & development entities
- Industry associations and regulatory bodies
- End users
Report Objectives
- To estimate and forecast the industrial gases market, in terms of value
- To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To define, describe, and forecast the market size based on type, end-use industry, and region
- To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America, along with their key countries
- To strategically analyze micromarkets for individual growth trends, prospects, and their contribution to the total market
- To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To analyze competitive developments, such as mergers & acquisitions, expansions & investments, and agreements in the industrial gases market
Get the Full Industrial Gases Market Report
Full forecast, segment splits, and company analysis for all Industrial Gases Market.
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- Rest Of Asia Pacific Industrial Gases Market
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- -Rest Of GCC Countries Industrial Gases Market
- Rest Of South America Industrial Gases Market
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- UK Industrial Gases Market
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