India Industrial Specialty & Shielding Gases Market to Grow with a CAGR of 5.12% through 2030
Growth
in research and development activities is expected to drive the India
Industrial, Specialty & Shielding Gases Market growth in the forecast
period, 2026-2030
According
to TechSci Research report, “India Industrial, Specialty & Shielding
Gases Market- By Region, Competition, Forecast and Opportunities, 2020-2030F”,
the India Industrial, Specialty & Shielding Gases Market stood at USD 1.58
billion by 2024 is expected to reach USD 2.14 Billion by 2030 with a CAGR
of 5.12% during the forecast period.
India’s
strategic efforts to position itself as a major player in the global
electronics and semiconductor manufacturing market are significantly
influencing the demand for industrial gases, driving substantial growth in the
country’s Industrial Specialty and Shielding Gases Market. As the electronics
and semiconductor industries expand, the requirement for high-purity gases such
as nitrogen, hydrogen, argon, and krypton is rapidly increasing due to their
critical roles in various semiconductor manufacturing processes.
Semiconductor
production involves several intricate steps, including wafer cleaning, etching,
and deposition, each of which relies on specific gases to achieve the required
quality and precision. For example, argon is often used in plasma etching to
create intricate circuits, while nitrogen is essential in maintaining an inert
atmosphere during manufacturing, preventing contamination that could compromise
product quality. Hydrogen plays a key role in chemical vapor deposition (CVD)
processes, essential for producing thin films on semiconductor wafers. Krypton
and other rare gases are used in advanced photolithography techniques for
creating fine patterns on semiconductor chips. These gases are indispensable
for maintaining high standards of quality control, efficiency, and safety
throughout the semiconductor manufacturing process.
The
Indian government's initiatives to establish semiconductor fabrication plants
(fabs) and attract foreign investments through schemes such as the
Semiconductor Mission are accelerating the growth of the country's
semiconductor ecosystem. These efforts aim to reduce India’s reliance on
semiconductor imports, promote technological advancements, and position India
as a hub for global semiconductor production. The establishment of new
fabrication plants, along with increasing research and development in this
field, is expected to create a significant spike in the demand for industrial
gases. As India continues to focus on self-reliance in semiconductor
manufacturing, coupled with a growing emphasis on electronics production for
both domestic consumption and export, the demand for industrial gases such as
nitrogen, hydrogen, argon, and krypton is projected to rise sharply. This trend
will contribute to robust market growth and further cement India’s position as
a key player in the global electronics and semiconductor sector.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on
"India Industrial, Specialty & Shielding Gases Market”
The
India Industrial, Specialty & Shielding Gases Market is segmented into
application, mode of distribution, regional distribution, and company.
In the
India Industrial, Specialty & Shielding Gases Market, the bulk distribution
mode is anticipated to dominate during the forecast period. Bulk gases,
delivered in large quantities via pipelines or cryogenic tankers, are favored
by industries with high-volume gas requirements, such as steel manufacturing,
chemicals, and petroleum refining. These industries rely on bulk gases like
oxygen, nitrogen, and argon for large-scale operations, including processes
like metal fabrication, chemical production, and refining. The dominance of
bulk distribution is largely driven by the increasing demand from heavy
industries that require a continuous supply of industrial gases for sustained
production. Bulk gases are more cost-effective for such industries because they
eliminate the need for frequent deliveries and reduce overall transportation
costs. The use of bulk gas supply systems allows for a more reliable
and uninterrupted gas supply, which is crucial for industries operating 24/7.
As
India's industrial sector continues to expand, especially in the fields of
manufacturing, automotive, and infrastructure development, the demand for bulk
gases is expected to rise. Government initiatives such as the Make in India
program, designed to boost domestic manufacturing capabilities, will further
increase demand for industrial gases on a larger scale, reinforcing the need
for bulk distribution.
Based
on region, in the India Industrial, Specialty & Shielding Gases Market,
after West India, the Southern region is the second-dominating region in terms
of market share and growth. This can be attributed to the region’s robust
industrial base, including significant contributions from sectors such as
automotive, chemicals, electronics, and pharmaceuticals, all of which require
industrial gases for various manufacturing processes. Southern India is home to
major industrial hubs like Chennai, Bengaluru, Hyderabad, and Coimbatore, where
manufacturing activities are rapidly expanding. The automotive sector in cities
like Chennai, which is often referred to as the "Detroit of India,"
has seen substantial growth, driving the demand for gases like argon, carbon
dioxide, and oxygen, used extensively in welding, metal cutting, and other
fabrication processes. Electronics manufacturing in Bengaluru has
been a key driver of specialty gases such as nitrogen and hydrogen, essential
for semiconductor production and electronics assembly.
The
pharmaceutical and biotech industries in Southern India, particularly in
Hyderabad, have also contributed significantly to the demand for industrial
gases, as these industries use gases for processes like inert atmospheres,
cryogenic storage, and medical gas supply. Furthermore, food and beverage
industries in the South are increasingly relying on gases such as carbon
dioxide for carbonation, preservation, and packaging, fueling the need for
specialty gases.
Major
companies operating in India Industrial, Specialty & Shielding Gases Market
are:
- Praxair India Private Limited
- Linde India Limited
- Bhuruka Gases Limited
- Bombay Oxygen Corporation
- SICGIL INDIA LIMITED
Download Free Sample Report
Customers
can also request for 10% free customization on this report
“The
Indian industrial, specialty, and shielding gases market is experiencing
significant growth due to increased investments in research and development
(R&D) activities. These investments are driving innovation in gas
production, storage, and delivery systems, leading to more efficient and
cost-effective solutions across various industries. For instance, advancements
in gas separation technologies have enabled the production of high-purity
gases, catering to the stringent requirements of sectors like electronics
manufacturing and pharmaceuticals. The development of specialized
gas mixtures tailored for specific applications has opened new avenues for
market expansion. The government's support for R&D initiatives, coupled
with collaborations between industry players and academic institutions, is
further accelerating technological advancements. This trend not only enhances
the competitiveness of Indian industries but also positions the country as a
hub for innovation in the global industrial gases market”, said Mr. Karan
Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“India
Industrial, Specialty & Shielding Gases Market By Application (Metallurgy,
Refinery, Chemical & Petrochemical, Others), By Mode of
Distribution (Tonnage, Bulk, Packaged), By Region, Competition
Forecast & Opportunities, 2020-2030”, has evaluated the future
growth potential of India Industrial, Specialty & Shielding 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 Industrial, Specialty & Shielding
Gases Market.
Contact
Techsci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
Tel:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com