| Product Code: ETC4484965 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, India continued to rely on China, Singapore, Taiwan, South Korea, and the USA for specialty gas imports. The high concentration of Herfindahl-Hirschman Index (HHI) decreased slightly from 2023 but remained elevated, indicating a competitive market. The negative compound annual growth rate (CAGR) over the period 2020-2024 highlights challenges in the industry, exacerbated by a significant decline in growth rate from 2023 to 2024. This data suggests a need for strategic planning and market diversification to navigate the complexities of the specialty gas import sector in India.

Specialty gases have unique properties and are used in various industries, such as electronics, healthcare, and manufacturing. The India Specialty Gas Market is driven by technological advancements and the growth of these industries, making it a dynamic and evolving sector.
The specialty gas market in India caters to diverse industries, including electronics, healthcare, and manufacturing. Growth in these industries, as well as the need for high-purity gases in research and development, drives the market. Specialized gases are essential in processes like semiconductor manufacturing and healthcare applications.
The India Specialty Gas market encounters challenges stemming from the high energy requirements for gas production and purification. Regulatory compliance and safety standards pose hurdles to market growth. The market is also fragmented, with a multitude of small and medium-sized suppliers, making it challenging to maintain consistency in product quality and service. To succeed in this market, companies need to focus on energy efficiency, safety measures, and standardization.
The specialty gas market in India was impacted by the pandemic as industrial and research activities were affected. However, as research related to healthcare and semiconductor industries continued, the market adapted to meet the specialized needs of these sectors. There was an increased focus on gas purity and reliability.
Key Players in the market are Linde India Ltd, Air Liquide India Holdings Pvt Ltd, Praxair India Pvt Ltd, Air Products India Pvt Ltd, Messer India Pvt Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Specialty Gas Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Specialty Gas Market Revenues & Volume, 2021 & 2031F |
3.3 India Specialty Gas Market - Industry Life Cycle |
3.4 India Specialty Gas Market - Porter's Five Forces |
3.5 India Specialty Gas Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Specialty Gas Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Specialty Gas Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for specialty gases in industries such as healthcare, electronics, and manufacturing. |
4.2.2 Growing focus on research and development activities in various sectors. |
4.2.3 Government initiatives promoting the use of specialty gases for environmental and energy efficiency purposes. |
4.3 Market Restraints |
4.3.1 High costs associated with the production and transportation of specialty gases. |
4.3.2 Lack of infrastructure for the storage and distribution of specialty gases. |
4.3.3 Stringent regulations and compliance requirements in the specialty gas industry. |
5 India Specialty Gas Market Trends |
6 India Specialty Gas Market, By Types |
6.1 India Specialty Gas Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Specialty Gas Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Specialty Gas Market Revenues & Volume, By High Purity, 2021-2031F |
6.1.4 India Specialty Gas Market Revenues & Volume, By Noble, 2021-2031F |
6.1.5 India Specialty Gas Market Revenues & Volume, By Carbon, 2021-2031F |
6.1.6 India Specialty Gas Market Revenues & Volume, By Halogen, 2021-2031F |
6.1.7 India Specialty Gas Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Specialty Gas Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Specialty Gas Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.3 India Specialty Gas Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.4 India Specialty Gas Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.5 India Specialty Gas Market Revenues & Volume, By Academics, 2021-2031F |
6.2.6 India Specialty Gas Market Revenues & Volume, By Others, 2021-2031F |
7 India Specialty Gas Market Import-Export Trade Statistics |
7.1 India Specialty Gas Market Export to Major Countries |
7.2 India Specialty Gas Market Imports from Major Countries |
8 India Specialty Gas Market Key Performance Indicators |
8.1 Adoption rate of specialty gases in key industries. |
8.2 Number of research and development projects utilizing specialty gases. |
8.3 Environmental impact reduction achieved through the use of specialty gases. |
8.4 Investment in infrastructure for specialty gas storage and distribution. |
8.5 Compliance rate with industry regulations and standards. |
9 India Specialty Gas Market - Opportunity Assessment |
9.1 India Specialty Gas Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Specialty Gas Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Specialty Gas Market - Competitive Landscape |
10.1 India Specialty Gas Market Revenue Share, By Companies, 2024 |
10.2 India Specialty Gas Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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