Industrial gas industry derives 31 % of its demand from metal production like steel and fabrication. Major large scale operators have onsite plants to have economies of transport . The second largest demand comes from chemical processing and petroleum refining market. Natural gas comprises 15 % of India's primary energy consumption. The medical/healthcare market, uses oxygen with expanding healthcare particularly with home healthcare is also improving demand.
Indian steel sector majors and refineries have expanded their capacities in the last 3 years driving up the demand for industrial gases. The merchant segment gas demand has also increased in automobile, fabrication and healthcare at a faster rate than GDP. With advent in technology, new steel production methods use more oxygen an