GCC Industrial Gases Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC Industrial Gases Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The GCC industrial gases market is currently witnessing moderate growth. 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. Looking forward, the market is expected to exhibit moderate growth during the forecast period (2021-2026).

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 for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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 Region:

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.

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?