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GCC Industrial Gas Market is expected to grow at a CAGR of 6.0% between 2023 - 2029

02-09-2023 04:11 PM CET | Industry, Real Estate & Construction

Press release from: Persistence Market Research Pvt. Ltd

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GCC Industrial Gas Market

GCC Industrial Gas Market

GCC Industrial Gas Market

The GCC industrial gases market is likely to account for ~US$ 1.0 Bn by 2022-end, and is expected to grow at a CAGR of ~6.0% over the forecast period of 2019-2029.

The Gulf Cooperation Council (GCC) is a regional political and economic alliance of six countries in the Middle East: Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman. The GCC has a significant industrial base, and the production and use of industrial gases is an important part of the region's economy. Industrial gases are used in a variety of applications in the GCC, including oil and gas production, petrochemical manufacturing, and metal fabrication, among others.

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Key Players-

• Air Liquide
• Air Products and Chemicals Inc.
• Linde Plc
• Praxair Inc.
• Abdullah Hashim Industrial & Equipment Co. Ltd
• Bristol Gases
• Buzwair Industrial Gases factory
• Dubai Industrial Gases
• Gulf Cryo
• Mohsin Haider Darwish LLC
• National Industrial Gas Plants
• Yateem Oxygen and more

The demand for industrial gases in the GCC is expected to continue to grow in the coming years, driven by the region's expanding industrial base and the increasing demand for high-quality gases in various applications. This growth is likely to be supported by the increasing adoption of green technologies and the need for sustainable production processes in the region.

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GCC Industrial Gas Market Segmentation-

GCC Industrial Gas Market by Gas -

• Oxygen
• Nitrogen
• Hydrogen
• Carbon Dioxide
• Argon
• Acetylene
• Helium

GCC Industrial Gas Market by Application -

• Automotive & Aerospace
• Chemicals/Petrochemicals
• Energy, Oil & Gas
• Food & Beverages
• Medical & Healthcare
• Metals & Metallurgy
• Other Industrial
• Pharmaceuticals & Biotechnology
• Pulp & Paper
• Refining
• Welding & Metal Fabrication

GCC Industrial Gas Market by Country -

• Kingdom of Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Qatar
• Kuwait
• Oman
• Bahrain

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One of the key players in the GCC industrial gas market is Air Liquide, a global leader in the production and supply of industrial gases. The company has a strong presence in the region, with operations in all six GCC countries. Other major players in the market include Linde, Praxair, and Air Products, among others.

Overall, the GCC industrial gas market is a rapidly growing industry that is expected to continue to expand in the coming years, driven by the increasing demand for industrial gases in the region.

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