Press release
GCC Industrial Gases Market to Approach 3.75 Million Tonnes in 2016 : Persistence Market Research
GCC Industrial Gases Market
GCC Industrial Gases Market:
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/gcc-industrial-gases-market/toc
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.
Saudi Arabia will continue to be the largest consumer of industrial gases in 2016, accounting for a revenue share of 46.8% in 2016. Saudi Arabia is the leading economy in the region and country’s strong chemicals & petrochemicals sector will continue to ramp up demand for industrial gases in 2016 as well. Region-wise, UAE will be the second largest GCC industrial gases market, representing market revenues worth US$ 190.6 Mn — an increase of 6.8% in 2016 over 2015.
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.
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.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10864
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.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/10864
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.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
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
media@persistencemarketresearch.com
Web: 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 GCC Industrial Gases Market to Approach 3.75 Million Tonnes in 2016 : Persistence Market Research here
News-ID: 546979 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
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…
