Industrial gases are produced for industrial use to increase productivity and improve operational flexibility. Some of the industrial gases are oxygen, nitrogen, argon, helium, and hydrogen. Industrial gases play a crucial role in brazing, food processing, cutting, treating metals, refining, and welding. Industrial gases like nitrogen are used in light bulb production, tyre inflation, mining, and food packaging applications. Moreover, nitrogen gas is also used in the pharmaceutical industry in the form of nitro oxide for the manufacturing of drugs.

Market Dynamics

The rise in steel crude production in Iran, the United Arab Emirates (U.A.E.), Saudi Arabia, and Qatar due to continuous investment in the construction industry is expected to accelerate the market growth of industrial gases. Moreover, growing innovation in welding, grinding, cutting, and tube machinery solutions is further expected to propel the market growth.

Growth and profitability of the industrial gases market completely depend on the demand from the end-use industries, as industrial gases are not standalone finished products. Some end user show unpredictable behavior in their demand, which impacts the demand for industrial gases. This factor is expected to restrict market growth.

Key features of the study:

• This report provides in-depth analysis of the GCC industrial gases market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the GCC industrial gases market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Air Liquide, Air Products and Chemicals Inc., The Linde Group, Praxair Inc., Abdullah Hashim Industrial & Equipment Co. Ltd, Bristol Gases, Buzwair Industrial Gases factory, Dubai Industrial Gases, Gulf Cryo, Mohsin Haider Darwish LLC, National Industrial Gas Plants, and Yateem Oxygen
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The GCC industrial gases market report caters to various stakeholders in this industry including investors, suppliers, granular urea manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the GCC Industrial Gases Market

GCC Industrial Gases Market Detailed Segmentation:

• By Gas Type:
  • Oxygen
  • Nitrogen
  • Helium
  • Acetylene
  • Argon
  • Hydrogen
  • Carbon Dioxide
• By Application:
  • Metals and Metallurgy
  • Medical & Healthcare
  • Welding & Metal Fabrication
  • Automotive & Aerospace
  • Electronics
  • Refining
  • Energy, Oil & Gas
  • Food & Beverage
  • Chemicals & Petrochemicals
  • Pulp & Paper
  • Pharmaceutical & Biotechnology
  • Other
• By Country:
  • KSA (Kingdom of Saudi Arabia)
  • U.A.E.
  • Kuwait
  • Qatar
  • Oman
  • Bahrain
• Company Profiles
  • Air Liquide 
  • Air Products and Chemicals Inc.
  • The Linde Group
  • Praxair Inc.
  • Abdullah Hashim Industrial & Equipment Co. Ltd
  • Bristol Gases
  • Buzwair Industrial Gases factory
  • Dubai Industrial Gases
  • Gulf Cryo
  • Mohsin Haider Darwish LLC
  • National Industrial Gas Plants
  • Yateem Oxygen