Press release
Manufacturing Industry saw a major dip in its IIP Index in the month of April 2020, leading to decline in demand for Industrial Gas considering it is the major end-user sector: Ken Research
Key Findings
• Steel Industry which is the largest producer as well as end user for the industrial gas was affected in 2020, due to lockdown imposed in the country.
• Out of all the 8 core industries, manufacturing, mining and electrical industry are the most important end user of the industrial gases industry.
Impact of Covid-19: Lockdown and the corresponding restrictions on local and global movement of people and goods, except for essential goods and services, was an exogenous shock to the Industry and led to massive growth in demand for liquid medical oxygen. Rise in demand led to a fluctuation in the price of Oxygen Gas.
Unlocking of the economy in a phased manner has helped the economy to get back on its feet. India implemented policies aimed at reducing transaction costs. The Policy of Atmanirbhar Bharat Abhiyan. It was aimed at fostering the competition, providing sustenance and security to MSMEs (Medium Small and Micro Enterprises).
Emerging Trends in Industrial Gases Industry: By the end of the first quarter of 2020, the IIP saw one of the steepest fall in the history of Indian Industry. This brought a lot of uncertainty in the Industry, especially Industrial Gases which is a feeder for Steel and other Industrial manufacturing. By early onset of second wave, the Oxygen Industry faced a sudden surge of Demand for Oxygen which leads to a boost in the Industrial Gases Industry. Over the years there has been a long growth in the credit facility extended by the banks to the Industry which underlines the foundation of financial strength of the country. The gross credit of the facility extended to the sector in interest was 3.4% year –on-year bases in 2019 October but was pushed into dive with a negative 1.7% growth in October 2020.
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/energy-and-utilities/gas/india-industrial-gases-outlook-to-2026/476498-103.html
Analysts at Ken Research in their latest publication “India Industrial Gases Outlook to 2026- By Sales Mode- (Industrial and Merchant Liquid), By End User, By Region (North, East, West and South), By States and By Companies“ observed that the Indian Industrial Gases market has a great potential to grow supported by numerous government initiatives. Industrial gases play a quintessential role in the industrial and economic development of India. Their processes are constantly reviewed and updated to reduce the cost and make them more sustainable to consider the increasing damage to environment and ecology.
Key Segments Covered:-
By Sales Mode
Onsite
Manufacturing Liquid
By Region
North
East
West
South
By State
By End Users
Industrial Gases Makers Covered:-
Air Water Inc.
Air Liquide
Inox Air Products
Linde
Praxir
Goyal Glasses
HS Kanthi Industrial Gasses Ltd.
Shivam Industrial Gases Pvt. Ltd.
Phoenix Gases Ltd.
Gupta Oxygen
Kolhapur Oxygen
Bhorukpur Industrial Gases Pvt. Ltd.
Shri Sai Industrial Gases
Southern Gas Ltd.
Taiyo Nippon Sanso Ltd.
Universal Air & Gas Ltd.
Ellenbarie
Assam Air Product
Premier Cyroger
Madhuraj Industrial Gas Ltd.
Pavan Industrial Gas Ltd.
Ultragases Pvt. Ltd.
Delux Gas Ltd.
Key Target Audience:-
Industrial Gases Manufacturing
Consultancy Companies
Industry Associations
Regulatory Bodies
Bottling Plants
Tanker Manufacturers
Time Period Captured in the Report:-
Historical Period – 2016-2021
Forecast Period – 2021-2026
Key Topics Covered in the Report:-
India Industrial Gases Market Segmentation
India Industrial Gases Sales Mode
India Industrial Gases End User
India Industrial Gases by Capacity Manufacturing by Region
India Industrial Gases by State
India Industrial Gases Maker Market Share
India Industrial Gases Manufacturing Capacity
India Industrial Gases Dynamics
India Industrial Gases Market Size
India Industrial Gases Business Model Canvas
India Industrial Gases Future Forecasting
India Industrial Gases Maker Market Share
Future Market Size and Segmentations, 2020-2026F
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/energy-and-utilities/gas/india-industrial-gases-outlook-to-2026/476498-103.html
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
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