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GCC Industrial Gas Market Size

Report ID: GMI5288
Published Date: Jul 2022
Report Format: PDF

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GCC Industrial Gas Market Size

GCC Industrial Gas Market size exceeded USD 2.1 billion in 2021 and is anticipated to grow at over 6.5% CAGR between 2022 and 2030. The constant increase in processed food & beverage consumption will propel the overall market demand in the GCC countries.

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Increasing consumption of various gases in packaging applications will propel the demand for gases such as nitrogen, carbon dioxide and oxygen. The post COVID-19 impact over the food packaging and processing industry have been observed to facilitate a boost which will further propel the consumption of industrial gases in the region. GCC region will witnesses a significant growth in food & beverage processing and shall also contribute to the augmenting market demand for industrial gases.

GCC Industrial Gas Market Report Attributes
Report Attribute	Details
Base Year:	2021
GCC Industrial Gas Market Size in 2021:	USD 2,140.9 Million
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	6.8 %
2030 Value Projection:	USD 3,838 Million
Historical Data for:	2017 to 2021
No. of Pages:	390
Tables, Charts & Figures:	591
Segments covered:	Product, Application, Supply Mode
Growth Drivers:	Rapid growth of the healthcare industry in the region may foster market growth Rising demand from the energy application industry in the GCC region Growing demand for industrial gases from the steel manufacturing industry in the region
Pitfalls & Challenges:	Stringent regulations against harmful emissions to hamper industrial gases market growth

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Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The GCC industrial gas market share was worth USD 2.1 billion in 2021 and is pegged to record a 6.5% CAGR between 2022 and 2030 owing to the rapidly rising processed food & beverage consumption worldwide.

The nitrogen gas segment in the GCC industrial gas industry is expected to exceed USD 370 million through 2030 due to potential applications in the healthcare sector.

Saudi Arabia led the GCC industrial gas market accounting for over 50% of the revenue share and is anticipated to strike a growth rate of more than 6% CAGR through 2030 due to the growing importance of development of medical infrastructure.

Linde, Gulf Cryo, SABIC, SIPCHEM, Air Products, Air Liquide, Abdullah Hashim Industrial Gases and Buzwair Industrial Gases are some key industrial gas market participants in the region.