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India Industrial Gases Market Prospects

Jan 6, 2014 : Bharat Book Bureau presents the new report, on 'India Industrial Gases Market Forecast & Opportunities, 2018' Year on year increase in industrial production growth rates in India reflects healthy growth in thirteen of the twenty two industry groups, as per the statistics released by Central Statistics Office of India. Perpetual positive growth rates not only support but also bolster numerous main stream industries including electronics, automotive, metal fabrication, plastic processing etc. Apart from direct influenced sectors, increased industrial output also poses healthy signs of growth for allied industries or raw material suppliers such as industrial gases in industries wherever required.
 
 The industrial gases industry serves large number of customers by offering industrial oxygen, nitrogen, argon etc. to captive as well as merchant market along with services, application know how and safety instructions.
 
 According to the report “India Industrial Gases Market Forecast & Opportunities, 2018” the industrial gases market in the country is expected to grow at CAGR of 14% by 2018. India’s market for tonnage plants as well as merchant or small sized plants is witnessing growth as a result of growth in industrial as well as commercial market.
 
 The commercial market is influenced by growth in light engineering industry as well as metal fabrication industry, being clustered in northern and western regions of the country. Similarly, industrial gases market is influenced by growth in steel and refineries sector, being concentrated in eastern and southern part of the country. Positive government policies to drive investments in iron and steel sector, coupled with estimated domestic demand of more than 110 Million Metric Tonnes is expected to drive capacity addition in steel industry. This is further expected to drive demand for tonnage plants, positively impacting overall industrial gases market in India. Apart from this, capacity addition in refineries are driving demand for nitrogen gases, which are solely used to improve efficiency in refineries for processing of crude oil as well as pressure and purging applications.
 
 For more information kindly visit : http://www.bharatbook.com/chemicals-market-research-reports/india-industrial-gases-market-forecast-opportunities-2018.html                              
                                       
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