GCC Industrial Gases Market

GCC Industrial Gases Market Overview:

The GCC industrial gases market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Industrial gases, also known as sugar alcohols, refer to a group of organic compounds made of various hydroxyl groups. They comprise versatile carbohydrates with few calories and a texture and flavor identical to table sugar. They are widely used as a sugar substitute in the food and beverage sector in food items, including candies, chewing gum, ice cream, yogurt, and fruit spreads. They are also used in breath mints, throat lozenges, mouthwash, and toothpaste. They are essential for brazing, cutting, treating metals, refining, welding, and processing food. As a result, industrial gases find extensive applications in the metals & metallurgy, healthcare, automotive, and welding & metal fabrication industries.

The GCC industrial gases market is primarily driven by the increasing construction activities and various high-scale infrastructure projects. Moreover, the rising demand for industrial gases in the healthcare industry for treating respiratory problems and other technical applications is positively influencing the market growth. Additionally, there has been a rise in demand for packaged food and beverages due to the expanding working population, hectic lifestyles, and inflating consumer disposable incomes. In line with this, the changing food consumption patterns of individuals have catalyzed market growth. In addition, the rising applications of industrial gases in the chemical industry to produce flexible and rigid polyurethane coatings, elastomers, foams, sealants, and adhesives represent another major growth-inducing factor. Furthermore, there has been a rise in applications of industrial gases like oxygen for the biological treatment of wastewater. Along with this, several favorable initiatives by governments of GCC countries for promoting the use of industrial gases due to their environmental friendliness are contributing to the market growth. Besides this, the rising demand for industrial gases from the steel manufacturing industry in the GCC region is propelling the market growth. Apart from this, the surging adoption of industrial gases-based foams for manufacturing seating, headrests, armrests, and ventilator headliners in the automotive industry has augmented the product demand. Other factors, including the rapid growth in the medical sector, increasing packaging applications, and escalating demand from the energy sector, are also anticipated to drive the market further.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC industrial gases market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC industrial gases market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC industrial gases market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC industrial gases market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC industrial gases market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC industrial gases market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC industrial gases market industry. Furthermore, the value chain analysis of the GCC industrial gases market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Industrial Gases Market Segment Insights:

The GCC industrial gases market has been analysed as followed:

By Type:

• Nitrogen
• Oxygen
• Carbon Dioxide
• Argon
• Hydrogen
• Others

By Application:

• Manufacturing
• Metallurgy
• Energy
• Chemicals
• Healthcare
• Others

By Supply Mode:

• Packaged
• Bulk
• On-Site

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

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

Highlights of the GCC Industrial Gases Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC industrial gases market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs