GCC Industrial Gases Market Size Cross to Revenue US$ 4.4 Billion by 2027 | CAGR of 8.2%

According to the latest report by IMARC Group "GCC Industrial Gases Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The GCC industrial gases market reached a value of US$ 2.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2027, exhibiting a CAGR of 8.2% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Industrial gases refer to a group of organic compounds comprised of several hydroxyl groups. These gases contain versatile carbohydrates with low calories and an identical taste and texture to table sugar. They are widely utilized in the food and beverage industry as a sugar replacement in products like ice creams, yogurts, fruit spreads, candies, chewing gums, etc. Industrial gases are also used for manufacturing toothpaste, breath mints, mouthwash, throat lozenges, etc.

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GCC Industrial Gases Market Trends and Drivers:

The GCC industrial gases market is primarily propelled by the expanding chemical industry where they are used in the production of flexible and rigid polyurethane coatings, sealants, foams, elastomers, adhesives, etc. Vast quantities of these gases are utilized in the oil and gas sector for controlling several processes in refineries. Besides this, the increasing use of industrial gas-based foams in the automotive industry for producing seating, headrest, armrest, ventilator headliners, etc., is also catalyzing the market growth. Various other factors, including rising levels of urbanization and the escalating demand for building materials, protective components, exterior panels, housing electronics, etc., are expected to further propel the market for industrial gases in the GCC region over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Nitrogen
Oxygen
Carbon Dioxide
Argon
Hydrogen
Others

Breakup by Application:

Manufacturing
Metallurgy
Energy
Chemicals
Healthcare
Others

Breakup by Supply Mode:

Packaged
Bulk
On-Site

Breakup by Region:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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