Home > Chemicals & Materials > Advanced Materials > Functional Materials > Middle East Industrial Gas Market

Middle East Industrial Gas Market Size

  • Report ID: GMI5053
  • Published Date: May 2021
  • Report Format: PDF

Middle East Industrial Gas Market Size

style="text-align:justify">Middle East industrial gas market size was over USD 2.5 billion in 2020 and is estimated to grow at over 6.5% CAGR between 2020 and 2027 owing to growing industrialization in the Middle East and in the global market. Rapid expanding of healthcare industry in Middle East should promote the industry growth during the forecast period.

 

Oxygen gas is an essential component for its use in hospitals and clinical centres during surgeries and various other therapies. Where Nitrogen is used as a source of pneumatic pressure owing to its use as a source to power gas operated medical device and as a medical gas mixture for lung function test. likewise, different industrial gas has been extensively used in the healthcare industry since many years. Therefore, growing healthcare industry in middle east region is expected to foster industrial gas market growth in forceable time period.

 

Middle East Industrial Gas Market

To understand key trends  
Download Free Sample
 

Middle East industrial gas market has moderately affected due to novel coronavirus, as government has generally considered gas activities as essential activities and have been mostly exempt from the many lockdown measures. Moreover, continued operations of manufacturing sites have become difficult owing to workforce shortages. Employees ad workers are infected by the coronavirus and there are everyday difficulties in managing social distancing. Nevertheless, companies in the region are prepared to operate skeleton crews to continue operations with disruptions expected for the replacement of equipment, inspection, repair, maintenance and & drilling activities.
 

Around 85% of the greenhouse gas emissions come from electricity generation, energy production, domestic energy consumption and industrial sector. Wherein the industrial gases emission in the environment is strictly regulated by government agencies across the Middle East region. Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain are among the world’s top-10 per capita carbon emitters.
 

This rising emission in the environment and strict regulation by the government to control the pollution led to restrict the business growth. However, key players in the market are adapting different sustainable methods of production to reduce the pollution led to support the Middle East industrial gas market growth.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The industrial gas market share in the Middle East had crossed USD 2.5 billion in 2020 and is expected to expand at a 6.5% CAGR up to 2027 with consistent industrialization and a booming healthcare sector.

The Middle East oxygen industrial gas market revenue is projected to register USD 2 billion by 2027 owing to increasing adoption across the metallurgy and manufacturing sectors.

The regional industry share from chemical applications is anticipated to register close to USD 1 billion by 2027 with growing requirements from the construction sector.

The industrial gas industry share in ME from bulk supply mode will exceed an annual revenue of USD 1 billion through 2027 due to higher demand from the healthcare, chemical, and manufacturing verticals.

UAE industrial gas market revenue is slated to rise at a CAGR of 7.5% in the coming years driven by the expanding construction and transport sectors in the country.

Middle East Industrial Gas Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Base Year: 2020
  • Companies covered: 10
  • Tables & Figures: 136
  • Countries covered: 1
  • Pages: 160
 Download Free Sample