Middle East Industrial Gas Market Size

Middle East Industrial Gas Market Size

style="text-align:justify">Middle East industrial gas market size was over USD 2.5 billion in 2020 and is estimated to grow at over 6.9% CAGR between 2020 and 2027 owing to growing industrialization in the Middle East and in the global market. Rapid expanding of healthcare industry in Middle East should promote the industry growth during the forecast period.

Oxygen gas is an essential component for its use in hospitals and clinical centres during surgeries and various other therapies. Where Nitrogen is used as a source of pneumatic pressure owing to its use as a source to power gas operated medical device and as a medical gas mixture for lung function test. likewise, different industrial gas has been extensively used in the healthcare industry since many years. Therefore, growing healthcare industry in middle east region is expected to foster industrial gas market growth in forceable time period.

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Middle East industrial gas market has moderately affected due to novel coronavirus, as government has generally considered gas activities as essential activities and have been mostly exempt from the many lockdown measures. Moreover, continued operations of manufacturing sites have become difficult owing to workforce shortages. Employees ad workers are infected by the coronavirus and there are everyday difficulties in managing social distancing. Nevertheless, companies in the region are prepared to operate skeleton crews to continue operations with disruptions expected for the replacement of equipment, inspection, repair, maintenance and & drilling activities.
 

Around 85% of the greenhouse gas emissions come from electricity generation, energy production, domestic energy consumption and industrial sector. Wherein the industrial gases emission in the environment is strictly regulated by government agencies across the Middle East region. Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain are among the world’s top-10 per capita carbon emitters.
 

This rising emission in the environment and strict regulation by the government to control the pollution led to restrict the business growth. However, key players in the market are adapting different sustainable methods of production to reduce the pollution led to support the Middle East industrial gas market growth.