|By PR Newswire||
|April 2, 2014 07:00 AM EDT|
DUBLIN, April 2, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jnlj92/india_industrial) has announced the addition of the "India Industrial Gases Market Forecast & Opportunities, 2018" report to their offering.
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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.
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with leading suppliers of Industrial gases in India, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.
All report purchases include up to 45 minutes telephone time with our Industry Analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within two months of purchasing the report.
Key Topics Covered:
1. Analyst View
2. India Industrial Gases Market Outlook
3. India Air Separation Units
4. India Industrial Oxygen Market Outlook
5. India Industrial Nitrogen Market Outlook
6. India Industrial Argon Market Outlook
7. Market Drivers & Challenges
8. Recent Trends & Developments
9. Policy & Regulatory Landscape
10. India Economic Profile
11. Competitive Landscape
12. Strategic Recommendations
13. Research Methodology
- Air Liquide India
- Bhuruka Gases Limited
- INOX Air Products Limited
- K-Air Specialty Gases Limited
- Linde India
- Praxair India Limited
- Uttam Air Products
For more information visit http://www.researchandmarkets.com/research/jnlj92/india_industrial
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets