GCC Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Country 2024-2032

GCC Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2976
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Market Overview:

The GCC industrial gases market size reached US$ 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 3.2 Billion
Market Forecast in 2032 US$ 5.9 Billion
Market Growth Rate 2024-2032 6.8%


Industrial Gases are a group of organic compounds made up of different hydroxyl groups. Also known as sugar alcohols, industrial gases contain versatile carbohydrates with low calories and an identical taste and texture to table sugar. They are extensively utilized in the food and beverage industry as a sugar replacement in products like candies, chewing gums, ice creams, yogurts, and fruit spreads. Industrial Gases are also employed in toothpaste, mouthwash, throat lozenges, and breath mints. In the chemical industry, they have applicability in the production of flexible and rigid polyurethane coatings, foams, sealants, elastomers and adhesives.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The GCC represents one of the largest markets for industrial gases, primarily driven by product innovations. Polyol-based products have high durability, hardness and are light-weight, resistant to abrasion, and acts as insulating materials. Due to these properties, they are widely used in various sectors like electronics, footwear, packaging, and furniture. Besides this, the use of Industrial Gases-based foams in the automotive industry for the manufacturing of seating, headrest, armrest and ventilator headliners is also propelling the market growth. The market is further driven by the rising population and the growing demand for building materials, protective components, exterior panels, and housing electronics. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC industrial gases market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type, application and supply mode.

Breakup by Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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

Breakup by Application:

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

Breakup by Supply Mode:

  • Packaged
  • Bulk
  • On-Site
     

Breakup by Country:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

Competitive Landscape:

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

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units  US$ Billion
Segment Coverage Type, Application, Supply Mode, Country
Countries Covered Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The GCC industrial gases market was valued at US$ 3.2 Billion in 2023.

We expect the GCC industrial gases market to exhibit a CAGR of 6.8% during 2024-2032.

The rising utilization of industrial gases across the Food and Beverage (F&B) industry as a sugar replacement in various products, such as candies, chewing gums, ice creams, etc., is primarily driving the GCC industrial gases market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several GCC nations, resulting in the temporary halt in numerous production activities for industrial gases.

Based on the type, the GCC industrial gases market can be segmented into nitrogen, oxygen, carbon dioxide, argon, hydrogen, and others. Currently, nitrogen holds the majority of the total market share.

Based on the application, the GCC industrial gases market has been divided into manufacturing, metallurgy, energy, chemicals, healthcare, and others. Among these, manufacturing currently exhibits a clear dominance in the market.

Based on the supply mode, the GCC industrial gases market can be categorized into packaged, bulk, and on-site. Currently, packaged accounts for the largest market share.

On a regional level, the market has been classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain, where Saudi Arabia currently dominates the GCC industrial gases market.

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GCC Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Country 2024-2032
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