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. The known chemical elements which are, or can be obtained from natural resources and which are gaseous are hydrogen, nitrogen, oxygen, fluorine, chlorine, plus the noble gases; and are collectively referred to by chemists as the "elemental gases".
Global industrial gases market is forecast to grow from $ 75.51 billion in 2016 to $ 106.26 billion by 2022, exhibiting a CAGR of around 6%, in value terms, during 2017-2022, on account of rising demand from chemical & petrochemical, metal fabrication & production, automobile, healthcare & pharmaceuticals and food & beverage industries. 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. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
· Bhagawati Oxygen Ltd.
· Bhilai Oxygen Ltd.
· Govind Poy Oxygen Ltd.
· Howrah Gases Ltd.
· Linde India Ltd.
· Niket Udyog Ltd.
· Praxair India Pvt. Ltd.