Key
Findings
· Steel
Industry which is the largest producer as well as end user for the industrial
gas was affected in 2020, due to lockdown imposed in the country.
· Out of all
the 8 core industries, manufacturing, mining and electrical industry are the
most important end user of the industrial gases industry.
Impact of Covid-19: Lockdown
and the corresponding restrictions on local and global movement of people and
goods, except for essential goods and services, was an exogenous shock to the
Industry and led to massive growth in demand for liquid medical oxygen. Rise in
demand led to a fluctuation in the price of Oxygen Gas.
Unlocking of the economy in a phased manner has helped
the economy to get back on its feet. India implemented policies aimed at
reducing transaction costs. The Policy of Atmanirbhar Bharat Abhiyan. It was
aimed at fostering the competition, providing sustenance and security to MSMEs
(Medium Small and Micro Enterprises).
Emerging Trends in Industrial Gases
Industry: By
the end of the first quarter of 2020, the IIP saw one of the steepest falls in
the history of Indian Industry. This brought a lot of uncertainty in the
Industry, especially Industrial Gases which is a feeder for Steel and other
Industrial manufacturing. By early onset of second wave, the Oxygen Industry
faced a sudden surge of Demand for Oxygen which leads to a boost in the
Industrial Gases Industry. Over the years there has been a long growth in the
credit facility extended by the banks to the Industry which underlines the
foundation of financial strength of the country. The gross credit of the
facility extended to the sector in interest was 3.4% year –on-year bases in
2019 October but was pushed into dive with a negative 1.7% growth in October
2020.
Analysts at Ken Research in their latest publication “India Industrial Gases
Outlook to 2026- By Sales Mode- (Industrial and Merchant Liquid), By End User,
By Region (North, East, West and South), By States and By Companies“ observed that the Indian Industrial Gases market has a great
potential to grow supported by numerous government initiatives. Industrial
gases play a quintessential role in the industrial and economic development of
India. Their processes are constantly reviewed and updated to reduce the cost
and make them more sustainable to consider the increasing damage to environment
and ecology.
Key Segments Covered:-
By Sales
Mode
Onsite
Manufacturing Liquid
By Region
North
East
West
South
By State
By End Users
Industrial Gases
Makers Covered:-
Air Water Inc.
Air Liquide
Inox Air Products
Linde
Praxir
Goyal Glasses
HS Kanthi Industrial Gasses Ltd.
Shivam Industrial Gases Pvt. Ltd.
Phoenix Gases Ltd.
Gupta Oxygen
Kolhapur Oxygen
Bhorukpur Industrial Gases Pvt. Ltd.
Shri Sai
Industrial Gases
Southern Gas Ltd.
Taiyo Nippon Sanso Ltd.
Universal Air & Gas Ltd.
Ellenbarie
Assam Air Product
Premier Cyroger
Madhuraj Industrial Gas Ltd.
Pavan Industrial Gas Ltd.
Ultragases Pvt. Ltd.
Delux Gas Ltd.
Key Target Audience:-
Industrial
Gases Manufacturing
Consultancy
Companies
Industry
Associations
Regulatory
Bodies
Bottling
Plants
Tanker
Manufacturers
Time Period Captured in the Report:-
Historical Period – 2016-2021
Forecast Period – 2021-2026
Key Topics Covered in
the Report:-
India Industrial Gases
Market Segmentation
India Industrial Gases
Sales Mode
India Industrial Gases
End User
India Industrial Gases
by Capacity Manufacturing by Region
India Industrial Gases
by State
India Industrial Gases
Maker Market Share
India Industrial Gases
Manufacturing Capacity
India Industrial Gases
Dynamics
India Industrial Gases
Market Size
India Industrial Gases
Business Model Canvas
India Industrial Gases
Future Forecasting
India Industrial Gases
Maker Market Share
Future Market Size and
Segmentations, 2020-2026F
For More Information
on the research report, refer to below link:-
India Industrial Gases Market
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