Published by Coherent Market Insights
Posted on September 22, 2021
Industrial gases are produced for industrial use to increase productivity and improve operational flexibility. Some of the industrial gases are oxygen, nitrogen, argon, helium, and hydrogen. Industrial gases play a crucial role in brazing, food processing, cutting, treating metals, refining, and welding. Industrial gases like nitrogen are used in light bulb production, tire inflation, mining, and food packaging applications. Moreover, nitrogen gas is also used in the pharmaceutical industry in the form of nitro oxide for the manufacturing of drugs.
The GCC industrial gases market is projected to reach around US$ 1,807.9 million by the end of 2027, in terms of revenue, growing at CAGR of 7.4% during the forecast period (2020-2027).
Top Key Players in GCC Industrial Gases market: Air Liquide, Air Products and Chemicals Inc., The Linde Group, Praxair Inc., Abdullah Hashim Industrial & Equipment Co. Ltd, Bristol Gases, Buzwair Industrial Gases factory, Dubai Industrial Gases, Gulf Cryo, Mohsin Haider Darwish LLC, National Industrial Gas Plants, and Yateem Oxygen
Regional Analysis For GCC Industrial Gases Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the GCC Industrial Gases market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
The rising demand for industrial gases for healthcare applications is predicted to propel the market growth over the forecast period. Industrial gases are widely utilized in treating the varied respiratory problems and also utilized in other technical applications. Thus, the rapid climb of the medical industry within the GCC region is predicted to propel the market growth over the forecast period.
On the idea of the countries, Kingdom of Saudi Arabia dominated the GCC industrial gases market in 2019 with a 47.7% of market share in terms useful , followed by UAE et al. .
Growing demand for packaged food and beverage in the GCC region as it is a basic need for survival is expected to open new avenues for market growth. Changes in food consumption habits coupled with the growth in the food industry in the region are further expected to fuel the regional market growth over the forecast period.
The advent of advanced technology in the production of industrial gases coupled with the advancement in end-use applications is projected to create potential growth opportunities for a manufacturer to serve a large market with enhanced solutions in the region. This is expected to augment the growth of the GCC industrial gases.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post GCC Industrial Gases market Key Vendor Landscape, Demand By Countries And Future Growth appeared first on Gatorledger.
Industrial gases are produced for industrial use to increase productivity and improve operational flexibility. Some of the industrial gases are oxygen, nitrogen, argon, helium, and hydrogen. Industrial gases play a crucial role in brazing, food processing, cutting, treating metals, refining, and welding. Industrial gases like nitrogen are used in light bulb production, tire inflation, mining, and food packaging applications. Moreover, nitrogen gas is also used in the pharmaceutical industry in the form of nitro oxide for the manufacturing of drugs.
The GCC industrial gases market is projected to reach around US$ 1,807.9 million by the end of 2027, in terms of revenue, growing at CAGR of 7.4% during the forecast period (2020-2027).
Top Key Players in GCC Industrial Gases market: Air Liquide, Air Products and Chemicals Inc., The Linde Group, Praxair Inc., Abdullah Hashim Industrial & Equipment Co. Ltd, Bristol Gases, Buzwair Industrial Gases factory, Dubai Industrial Gases, Gulf Cryo, Mohsin Haider Darwish LLC, National Industrial Gas Plants, and Yateem Oxygen
Regional Analysis For GCC Industrial Gases Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the GCC Industrial Gases market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
The rising demand for industrial gases for healthcare applications is predicted to propel the market growth over the forecast period. Industrial gases are widely utilized in treating the varied respiratory problems and also utilized in other technical applications. Thus, the rapid climb of the medical industry within the GCC region is predicted to propel the market growth over the forecast period.
On the idea of the countries, Kingdom of Saudi Arabia dominated the GCC industrial gases market in 2019 with a 47.7% of market share in terms useful , followed by UAE et al. .
Growing demand for packaged food and beverage in the GCC region as it is a basic need for survival is expected to open new avenues for market growth. Changes in food consumption habits coupled with the growth in the food industry in the region are further expected to fuel the regional market growth over the forecast period.
The advent of advanced technology in the production of industrial gases coupled with the advancement in end-use applications is projected to create potential growth opportunities for a manufacturer to serve a large market with enhanced solutions in the region. This is expected to augment the growth of the GCC industrial gases.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post GCC Industrial Gases market Key Vendor Landscape, Demand By Countries And Future Growth appeared first on Gatorledger.
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