India Rare Gases Market is expected to grow at a CAGR of 3.81% through 2029

India Rare Gases Market is expected to grow owing to development of new technologies, such as quantum computing and quantum sensing throughout the forecast period.

According to TechSci Research report, “India Rare Gases Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Rare Gases Market is expected to register robust growth during the forecast period. The semiconductor industry is a significant driver of the rare gases market. Argon, helium, and other rare gases are essential in various semiconductor fabrication processes, cleanroom environments, and electronics cooling systems.

Increasing awareness of environmental issues and sustainability is driving research into greener alternatives and technologies. This presents opportunities for the development of more environmentally friendly rare gas production and usage processes.

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Based on end-user, the Electronics segment is projected to dominate the market throughout the forecast period. The Indian government has launched initiatives to promote electronics manufacturing in the country. This, in turn, drives the demand for rare gases used in semiconductor fabrication. With the continued growth of the electronics and semiconductor manufacturing industry in India, the demand for rare gases is expected to increase, particularly in the context of semiconductor fabrication. Ongoing research and development efforts in the electronics industry may lead to new applications for rare gases, as well as the development of more efficient and sustainable processes. As with any industrial gases, environmental regulations and safety standards are essential considerations for the electronics industry. Efforts are being made to minimize the environmental impact of rare gases and enhance safety measures. As the demand for consumer electronics, such as smartphones, laptops, and televisions, continues to rise in India, this segment may also impact the rare gases market, especially for applications like plasma display panels and gas lasers used in the electronics of these devices. Argon is used in the production of semiconductor devices, welding, and filling gas-discharge tubes. Neon is utilized in neon indicator lamps, gas lasers, and plasma display panels. Helium is used for cooling applications in superconducting magnets, such as those used in MRI machines. The electronics sector in India is growing, and semiconductor manufacturing is a critical component of this industry. Rare gases, particularly argon, are used in processes like photolithography and ion implantation. Neon and other rare gases are essential in gas laser technology, which has applications in scientific research, medical procedures, and industrial cutting and welding. Helium plays a vital role in cooling superconducting magnets in devices like MRI machines, which are widely used in healthcare. The electronics segment of the India Rare Gases market is driven by the growth of the electronics and semiconductor manufacturing industry. The continued expansion of these sectors, along with technological advancements and government initiatives, is expected to contribute to the increased demand for rare gases in various electronic applications. 

Key market players in the India Rare Gases Market are:-

• Linde India Limited
• Air Liquide India
• INOX Air Products Inc.
• Praxair Technology, Inc.
• Axcel Gases
• National Oxygen Ltd
• Airox Technologies Limited
• Taiyo Nippon Sanso India Pvt. Ltd.
• Bhuruka Gases Limited
• Ellenbarrie Industrial Gases Ltd.

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“The India Rare Gases Market in South India is poised to be the dominant region in the industry. South India houses several electronics and semiconductor manufacturing units. The demand for rare gases in semiconductor fabrication processes is substantial in this region. Welding and metal fabrication industries use argon for shielding purposes, and this is a significant market in South India.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“India Rare Gases Market Segmented By Type (Neon, Krypton and Others), By Function (Illumination, Insulation and Others), By End-User (Manufacturing & Construction, Electronics and Others), By Region, and By Competition, 2019-2029F,” has evaluated the future growth potential of India Rare Gases Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Rare Gases Market.

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