Saudi Arabia Industrial Gas Market Size to Hit USD 1.47 Billion by 2033, At CAGR of 4.16%

Saudi Arabia Industrial Gas Market Overview

Market Size in 2024: USD 1.02 Billion
Market Size in 2033: USD 1.47 Billion
Market Growth Rate 2025-2033: 4.16%

According to IMARC Group's latest research publication, "Saudi Arabia Industrial Gas Market Size, Share, Trends and Forecast by Type, Application, Supply Mode, and Region, 2025-2033", The Saudi Arabia industrial gas market size reached USD 1.02 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.47 Billion by 2033, exhibiting a growth rate (CAGR) of 4.16% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Industrial Gas Market

● Saudi Aramco and Yokogawa deployed autonomous AI control agents at the Fadhili gas plant, cutting energy use by 5% and chemical steam consumption by up to 15%, boosting efficiency significantly.

● The Saudi Data & AI Authority (SDAIA) leads a $100 billion AI initiative to establish Saudi Arabia as a global AI leader, fueling innovation in industrial gas production and management.

● AI-driven real-time monitoring and predictive maintenance in gas plants lower equipment downtime and increase safety, supporting smooth operations in rapidly expanding industrial facilities.

● Integration of AI with IoT sensors and automated control systems enables smart supply chain management, enhancing accuracy and reducing costs across the industrial gas market.

● Strategic partnerships, like India's IGL collaboration with Masah, use AI to optimize natural gas distribution networks, reinforcing sustainable growth and cleaner energy solutions for Saudi industries.

How Vision 2030 is Transforming Saudi Arabia Industrial Gas Industry?

Saudi Arabia's Vision 2030 is revolutionizing the industrial gas market by accelerating economic diversification and sustainability through mega infrastructure projects like NEOM and the Red Sea Project. These initiatives surge demand for vital gases such as oxygen and nitrogen in construction, welding, and fabrication processes. The emphasis on green hydrogen production and carbon capture technologies integrates industrial gases into clean energy shifts, while healthcare and petrochemical sectors embrace innovative medical and refining applications. This fosters local manufacturing, technological innovation, and elevates the market's role in the Kingdom's broader industrial renaissance.

Saudi Arabia Industrial Gas Market Trends & Drivers:

The Saudi Arabia industrial gas market is being significantly driven by its booming oil and gas sector, which plays a pivotal role as the Kingdom is one of the world's largest producers. Industrial gases like oxygen, nitrogen, and hydrogen serve as essential feedstocks in refining, petrochemical, and downstream industries. The rapid expansion in these sectors is complemented by large-scale projects such as the Jafurah gas field development, involving capital expenditures in the tens of billions of dollars, boosting local gas production capacity to support increasing industrial and power demand. This expansion creates a strong, consistent demand for industrial gases critical to energy production and petrochemical manufacturing.​

Another key factor fueling growth is the Saudi government's strong push toward industrial diversification and sustainability under Vision 2030. The government has launched ambitious incentive programs providing up to 35% of initial capital investments for local manufacturing projects, capped at SAR 50 million per project, encouraging companies to expand industrial gas production facilities. Public-private partnerships are also strengthening the sector, with leading firms like SABIC and Saudi Aramco collaborating on sustainability initiatives to reduce emissions and promote green hydrogen. These schemes not only drive infrastructure expansion but also embed sustainability in industrial gas applications, referencing the shift to renewable energy sources and water recycling in industrial cities.​

A third major trend is technological advancement and strategic partnerships within the industrial gas market, with local and international players investing in state-of-the-art gas production and distribution technologies. For example, the partnership of India's Indraprastha Gas Limited with Saudi's MASAH Construction marks a milestone in bringing advanced natural gas distribution systems to the Kingdom's industrial hubs. Companies are adopting automated gas handling, smart management systems incorporating AI and IoT sensors to boost safety, reduce costs, and ensure efficient supply chains. Additionally, green hydrogen production is emerging as a vital growth area, supported by Saudi Arabia's rich renewable energy resources, making the market more innovative and future-ready.

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Saudi Arabia Industrial Gas Industry Segmentation:

The report has segmented the market into the following categories:

Type Insights:

● Nitrogen
● Oxygen
● Carbon Dioxide
● Argon
● Hydrogen
● Others

Application Insights:

● Manufacturing
● Metallurgy
● Energy
● Chemicals
● Healthcare
● Others

Supply Mode Insights:

● Packaged
● Bulk
● On-Site

Regional Insights:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

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

Recent News and Developments in Saudi Arabia Industrial Gas Market

● November 2025: Saudi's Oxagon signs land lease with AHG to build a $160 million advanced industrial gases plant utilizing smart automation and green tech for sustainable production.

● November 2025: India's IGL enters Saudi market through Masah partnership, introducing AI-optimized natural gas distribution systems enhancing infrastructure reliability and cleaner energy access.​

● October 2025: Saudi Aramco and Yokogawa deploy AI-enabled agents at Fadhili gas plant, reducing energy use by 5% and chemical steam by 15%, driving operational efficiency.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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