Press release
Industrial Gases Market in GCC on track to 3.75 Million Tonnes in 2016
Consumption of industrial gases in GCC will reach 3.75 million tonnes in 2016, witnessing an increase of 5.4% over 2015. Chemicals & petrochemicals will continue to be the largest application segment for industrial gases in terms of volume in 2016, accounting for 815.6 KT (Kilo tonnes) in 2016, up from 772.2 KT in 2015.
Upcoming mega events in GCC, including Dubai Expo 2020 and FIFA World Cup 2022 in Qatar, will continue to drive construction activity, fuelling demand for industrial gases. Demand is expected to pick up in non-oil sectors, as prevailing low prices continue to drive focus on reducing dependency on oil exports.
Among all the gas types, oxygen will continue to account for leading market revenue share in 2016, owing to high consumption in chemicals, petrochemicals, refining, metals and fabrication industry. Demand for argon gas will witness highest growth rate in 2016, owing to its increasing utilization in metallurgy, welding and metal fabrication applications.
Request Report Sample @ http://www.persistencemarketresearch.com/samples/10864
While refining application segment will lead overall GCC industrial gas revenues in 2016, metals and metallurgy segment will increase at highest growth rate in 2016. Increasing infrastructural development activities are expected to be the major driver for consumption growth of industrial gases in metals & metallurgy application.
For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/gcc-industrial-gases-market/toc
Leading players such as Gulf Cryo, SABIC-NIGC, The Linde Group, Air Liquide etc. are focusing on reducing operational and distribution costs to consolidate their position in the market. Merger and acquisitions and joint ventures remain a key strategy in the GCC industrial gases market; for example, over the last couple of years, companies such as the Linde group, Air Liquide, Praxair Inc. and Air Products & Chemicals Inc. have significantly increased their footprint in the GCC industrial gases market by entering into JVs with regional market players.
Long-term Outlook: PMR forecasts the GCC industrial gases market to increase at 7.3% CAGR during the forecast period 2016-2022, and reach US$ 1,270.1 Mn in revenues.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/10864
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industrial Gases Market in GCC on track to 3.75 Million Tonnes in 2016 here
News-ID: 403112 • Views: …
More Releases from Persistence Market Research
Power Quality Equipment Market Size to Reach US$54.2 Billion by 2032, Driven by …
Market Overview
The global power quality equipment market is witnessing significant growth as industries, utilities, and commercial sectors increasingly emphasize uninterrupted and reliable electricity supply. According to Persistence Market Research's projections, the market size is expected to be valued at US$35.8 billion in 2025 and is projected to reach US$54.2 billion by 2032, expanding at a CAGR of 6.1% during the forecast period. This growth is fueled by rapid industrialization, rising…
Anaerobic Adhesives Market Size to Reach US$894.5 Million by 2031, Driven by Exp …
Market Overview
The global anaerobic adhesives market is experiencing steady growth as industries increasingly adopt advanced bonding solutions that enhance durability, reliability, and performance. According to Persistence Market Research's projections, the market is estimated to rise from US$613.9 million in 2024 to US$894.5 million by 2031, expanding at a CAGR of 5.5% during the forecast period. This growth is fueled by the rising demand from sectors such as automotive, aerospace, electronics,…
Textile Coatings Market Size to Reach US$6.8 Billion by 2031, Fueled by Demand f …
Market Overview
The global textile coatings market is witnessing steady growth, driven by the rising demand for functional, durable, and performance-enhancing fabrics across industries such as automotive, construction, healthcare, and fashion. According to Persistence Market Research's projections, the market is estimated to increase from US$4.8 billion in 2024 to US$6.8 billion by 2031, expanding at a CAGR of 5.0% during the forecast period. This growth is underpinned by the increasing adoption…
Architectural LED Products Market to Reach $23.6 Bn by 2032 Driven by Energy-Eff …
The global architectural LED products market is poised for substantial expansion over the next decade. Valued at approximately USD 12.5 billion in 2025, the market is projected to reach USD 23.6 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 9.4% during the forecast period from 2025 to 2032. This growth trajectory underscores the increasing adoption of LED technologies across residential, commercial, and industrial sectors, driven by…
More Releases for GCC
GCC Herbal Ingredients and Functional Beverages Market CAGR 5.5% from 2018 to 20 …
According to a new report published by Allied Market Research, titled, "GCC Herbal Ingredients and Functional Beverages Market By Functional Beverage and Herbal Ingredients: GCC Opportunity Analysis and Industry Forecast, 2018-2027," The herbal ingredients market was valued at $46.4 million in 2017 and is projected to reach $73.5 million by 2027, registering a CAGR of 4.9% from 2018 to 2027. The functional beverages market revenue was valued at $750.2 million…
GCC Artificial Intelligence Market
When any business seek to lead the market or make a mark in the market as a fresh emergent, market research report is always central. A comprehensive GCC Artificial Intelligence Market report encompasses a market data that provides a detailed analysis of the ABC industry and its impact based on applications and different geographical regions. The report gives current as well as upcoming technical and financial details of the industry…
GCC LED Lighting Market
According to the latest report by IMARC Group, titled "𝗚𝗖𝗖 𝗟𝗘𝗗 𝗟𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳", the GCC LED lighting market size reached a value of US$ 689.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,452.1 Million by 2027, exhibiting a CAGR of 14.1% during 2022-2027..
𝗬𝗲𝗮𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗼 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲:
Base Year of the Analysis: 2021
Historical Period:…
GCC Contact Lens Market Size, Growth Opportunities, Statistics, Market Scope, Tr …
The GCC Contact Lens Market Report provides a thorough study of the competitive landscape, market participants, geographical regions, and application areas. In order to comprehend future demand and industry prognosis, the research includes a complete assessment of growth variables, market definitions, manufacturers, market potential, and influential trends. The research also contains a comprehensive analysis of the market, taking into account key growth-influencing elements.
The study gives a detailed breakdown of important…
GCC Connected Medical Devices Market Size, Growth Opportunities, Statistics, Mar …
The research report GCC Connected Medical Devices Market Analysis, 2027 published by MarkNtel Advisors is a comprehensive study of the industry's historical, current, & forecasted trends, prepared after rigorously analyzing aspects like growth drivers, restraints, opportunities, challenges, & demand scenarios in order to help stakeholders make informed decisions while investing in the Market, i.e., projected to witness around 20.19% CAGR during 2022-27.
The report comprises detail-driven data associated with the current…
GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain…
