Saudi Arabia Industrial Gas Market

Saudi Arabia Industrial Gas Market Overview:

The Saudi Arabia industrial gas market size reached USD 1.02 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.47 Billion by 2033, exhibiting a growth rate (CAGR) of 4.16% during 2025-2033. Increased demand from sectors like manufacturing, chemicals, and oil and gas is one of the factors contributing to Saudi Arabia industrial gas market share. Investments in infrastructure, growing industrial activities, and the push towards energy efficiency and sustainable practices further fuel market growth.

Saudi Arabia Industrial Gas Market Trends:

Rising Focus on Low-Carbon Hydrogen Supply

Efforts in Saudi Arabia are increasingly shifting toward scaling low-carbon hydrogen production, especially blue hydrogen derived from natural gas with integrated carbon capture. This approach supports emission reduction goals while addressing rising demand from industrial hubs like Jubail. The emphasis on localized hydrogen supply and infrastructure development indicates growing alignment between industrial gas operations and national decarbonization initiatives. Partnerships in this area are enabling large-scale production to serve refining, petrochemicals, and power sectors with cleaner alternatives, reinforcing Saudi Arabia’s position in the global low-emission fuel space. This shift also enhances domestic technological capabilities in hydrogen handling, carbon management, and integration with existing energy systems, paving the way for broader adoption of cleaner fuels across the region. These factors are intensifying the Saudi Arabia industrial gas market growth. For example, in March 2025, Aramco acquired a 50% stake in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) alongside Air Products Qudra. BHIG would supply hydrogen, including lower-carbon blue hydrogen, to Saudi Arabia’s Jubail Industrial City. The project supports Aramco’s carbon capture and storage initiatives, aiming to scale hydrogen production and reduce emissions, marking a key step in the growth of Saudi Arabia’s industrial gas and clean energy sectors.

Integration of Hydrogen-Ready Power Infrastructure

Saudi Arabia is accelerating the development of hydrogen-compatible energy systems by expanding local manufacturing of advanced gas turbines. These turbines, designed for hydrogen co-firing, support the gradual integration of low-carbon fuels into power generation. Their deployment in cogeneration projects reflects a broader shift toward cleaner industrial operations, where hydrogen plays a growing role in both energy production and process efficiency. This shift not only reduces emissions but also strengthens the country’s ability to meet long-term energy goals without relying solely on imports. As industrial gas applications evolve, local capacity to build and deploy hydrogen-ready technology enhances Saudi Arabia’s resilience, positions it as a regional leader in energy transition, and deepens alignment with national strategies focused on industrial growth and sustainability. For instance, in July 2024, GE Vernova launched Saudi Arabia’s first locally built H-class gas turbine at its Dammam facility. Destined for the Jafurah Cogeneration ISPP, the turbine is hydrogen-ready, supporting future use of industrial hydrogen in power generation. This move strengthens Saudi Arabia’s industrial base, aligns with Vision 2030 goals, and connects advanced turbine technology with the growing role of hydrogen in the country’s industrial gas and energy transition efforts.

Saudi Arabia Industrial Gas Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, application, and supply mode.

Type Insights:

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

The report has provided a detailed breakup and analysis of the market based on the type. This includes nitrogen, oxygen, carbon dioxide, argon, hydrogen, and others.

Application Insights:

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

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes manufacturing, metallurgy, energy, chemicals, healthcare, and others.

Supply Mode Insights:

• Packaged
• Bulk
• On-Site

A detailed breakup and analysis of the market based on the supply mode have also been provided in the report. This includes packaged, bulk, and on-site.

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Industrial Gas Market News:

• In April 2025, Axens expanded its Catalyst Arabia Limited site in Saudi Arabia, becoming the first producer of Tail Gas Treatment Catalysts in the region. The facility now supports sulfur recovery of up to 99.9%, helping local oil and gas industries meet emissions regulations. Designed for lower-temperature operation, the catalysts reduce energy use and capital costs, enhancing Saudi Arabia's industrial gas capabilities and environmental compliance efforts.

Saudi Arabia Industrial Gas Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia industrial gas market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia industrial gas market on the basis of type?
• What is the breakup of the Saudi Arabia industrial gas market on the basis of application?
• What is the breakup of the Saudi Arabia industrial gas market on the basis of supply mode?
• What is the breakup of the Saudi Arabia industrial gas market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia industrial gas market? 
• What are the key driving factors and challenges in the Saudi Arabia industrial gas market?
• What is the structure of the Saudi Arabia industrial gas market and who are the key players?
• What is the degree of competition in the Saudi Arabia industrial gas market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia industrial gas market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia industrial gas market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia industrial gas industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.