Market Overview:

The GCC industrial gases market reached a value of US$ 2.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2027, exhibiting a CAGR of 8.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

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, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, application and supply mode.

Breakup by Type:

• 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:

Key Questions Answered in This Report:

• How has the GCC industrial gases market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the GCC industrial gases market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the supply mode?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the GCC industrial gases market and who are the key players?
• What is the degree of competition in the industry?