PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: TechSci Research

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Industrial Gases Market in India Riding At 14% CAGR on Increasing Capacity of Iron & Steel Plants Says TechSci Research Report - Growing domestic demand for steel, accompanied with new industrial policies as well as other initiatives taken by the government is expected to drive demand for industrial gases in India - TechSciResearch.com
Industrial Gases Market in India Riding At 14% CAGR on Increasing Capacity of Iron & Steel Plants Says TechSci Research Report

 

NewswireToday - /newswire/ - Burnaby, British Columbia, Canada, 2013/12/27 - Growing domestic demand for steel, accompanied with new industrial policies as well as other initiatives taken by the government is expected to drive demand for industrial gases in India - TechSciResearch.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The market for industrial gases is highly fragmented in India, with the presence of domestic companies, multinationals, as well as small players. The majority of the market is held with multinational manufacturers, closely followed by domestic players. According to recently published report by TechSci Research “India Industrial Gases Market Forecast & Opportunities, 2018”, the industrial gases market in India is expected to witness CAGR of more than 14% over 2013-2018. INOX Air Products Limited held the major market for industrial gases in 2012 and is expected to maintain it by 2018.

Industrial gases are gases which are specifically manufactured for industrial applications in wide range of industries, such as oil & gas, petrochemicals, chemicals, engineering etc. These gases are synthetically produced using air separation units by cryogenic distillation of air. The major atmospheric gases are Oxygen, Nitrogen and Argon which are present in high volume in the air. These gases have major application in Iron & Steel and Light Engineering Industry, which makes these industries as major end user industries.

“India Industrial Gases Market Forecast & Opportunities, 2018” report analyses the key trends, challenges and opportunities in the industrial gases market in India. It adds that India is one of the largest markets for industrial gases in the Asia-Pacific, and the region is expected to witness high growth due to increase in demand from China, India and South Korea.

The report forecasts that the world gas industry will grow by USD 35 Billion by 2020, of this about 10% of the growth will be accounted by growth in industrial gases market in India. The major reason can be attributed to growth in its end user industries, specifically iron & steel industry which is the largest customer for industrial gases in India. Light engineering industry, refineries as well as iron & steel industry are the major industry to measure the economic growth in the country. Hence, development in these industries will drive industrial gases market in India.

“Iron & Steel industry is the major target market for industrial gases in India, with over 70% of the industrial gases being consumed by metallurgy plants. Growth in metallurgy industry in India, coupled with favourable government initiatives is driving capacity expansion in India iron & Steel Industry with majors, such as Tata Steel and SAIL. The major market for industrial gases is driven by growth in tonnage plants, which are subsequently rising in India, coming under long term contract with industrial gas majors such as INOX Air Products Limited, Linde India and Praxair India Limited. These market developments are expected to positively influence industrial gases market in India,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Industrial Gases Market Forecast & Opportunities, 2018” has evaluated the future growth potential of India Industrial Gases market and provides statistics and information on market structure, industry behaviour trends. The report includes industrial gases market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities available in industrial gases market in India.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


Industrial Gases Market in India Riding At 14% CAGR on Increasing Capacity of Iron & Steel Plants Says TechSci Research Report

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Ken Mathews - TechSciResearch.com 
+91 12 04316223 ken.mathews[.]techsciresearch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechSci Research securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TechSci Research / Company Profile


Read Construction/Architecture/Infra Most Recent Related Newswires:

PCL Construction Wins Five Top Projects Awards
CIMIC Investment, HLG Awarded A$215M Project in Qatar
CIMIC's CPB Contractors Wins Water Treatment Plant
Business of Design Week 2016 Architects Drafting the Future City
CIMIC's Thiess Awarded Contract Expansion & Extension At Melak
Major Step in Unique Engineering Project as Chernobyl Arch Slides into Place
CIMIC’S CPB Contractors Wins Amberley Base Upgrade Project
VINCI Airports, the Caisse Des Dépôts and Crédit Agricole Assurances Finalise the Acquisition of 60% of Aéroports de Lyon
CIMIC Investment, HLG Awarded AED490m Project in Dubai
PCL Construction Recognized for Building One of America’s Top Roads
Nordic PCL Awarded Mixed-Use Ke Kilohana at Ward Village in Honolulu
Test Confirms ePIPE's LeadSmart™ Technology Brings Lead Levels into Compliance with EPA Guidelines
HOCHTIEF Recognized in World’s Largest Climate Protection Ranking with New Award
PCL Constructors Canada, Inc. Opens Up the Doors to The Government Conference Centre Rehabilitation Project
ViA6West Consortium Wins Contract for A6 in Baden-Württemberg

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)