Industrial gases are gaseous materials that are manufactured for use in Industry. The principal gases provided are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene; although a huge variety of gases and mixtures are available in gas cylinders. Industrial gases are used in a wide range of industries, which include oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medicine, pharmaceuticals, biotechnology, food, water, fertilizers, nuclear power, electronics and aerospace. Industrial gas is sold to other industrial enterprises; typically comprising large orders to corporate industrial clients, covering a size range from building a process facility or pipeline down to cylinder gas supply.
Industrial gas is a group of materials that are specifically manufactured for use in industry and are also gaseous at ambient temperature and pressure. They are chemicals which can be an elemental gas or a chemical compound that is either organic or inorganic, and tend to be low molecular weight molecules. They could also be a mixture of individual gases. They have value as a chemical; whether as a feedstock, in process enhancement, as a useful end product, or for a particular use; as opposed to having value as a "simple" fuel.
As per the latest report by Persistence Market Research (PMR), the global market for industrial gases is likely to witness robust growth, registering a 7.7% CAGR between 2017 and 2025. The global industrial gases market is estimated to reach US$ 114.5 Bn in revenue by 2025 end. Rise in Metal Manufacturing & Fabrication to Boost Demand for Industrial Gases there has been an exponential increase in metal manufacturing in recent years. Argon is also witnessing an increasing demand for fabrication and manufacturing to use as a shield gas in welding processes. Oxygen to Emerge as the Highly Preferred Gas in the Global Industrial Gases Market Oxygen is one of the largest used gases across various industries including steel, chemical, paper and pulp, and other industries.
Few Indian major players are as under:
· Air Liquide India Holding Pvt. Ltd.
· Arrow Oxygen Ltd.
· Bellary Oxygen Co. Pvt. Ltd.
· Bhagawati Oxygen Ltd.
· Govind Poy Oxygen Ltd.
· Howrah Gases Ltd.