GCC Industrial Gases Market - PowerPoint PPT Presentation

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GCC Industrial Gases Market

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GCC Industrial Gases Market, By Gas Type (Oxygen, Nitrogen, Helium, Acetylene, Argon, Hydrogen, Carbon Dioxide), By Application (Metals and Metallurgy, Medical & Healthcare, Welding & Metal Fabrication, Automotive & Aerospace, Electronics, Refining Energy, Oil & Gas, Food & Beverage, Chemicals & Petrochemicals, Pulp & Paper, Pharmaceutical & Biotechnology, Other), and By Country (KSA (Kingdom of Saudi Arabia), UAE, Kuwait, Qatar, Oman, Bahrain) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027 – PowerPoint PPT presentation

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Title: GCC Industrial Gases Market


1
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2
GCC INDUSTRIAL GASES MARKET ANALYSIS
  • GCC Industrial Gases Market, By Gas Type (Oxygen,
    Nitrogen, Helium, Acetylene, Argon, Hydrogen,
    Carbon Dioxide), By Application (Metals and
    Metallurgy, Medical Healthcare, Welding Metal
    Fabrication, Automotive Aerospace, Electronics,
    Refining Energy, Oil Gas, Food Beverage,
    Chemicals Petrochemicals, Pulp Paper,
    Pharmaceutical Biotechnology, Other), and By
    Country (KSA (Kingdom of Saudi Arabia), UAE,
    Kuwait, Qatar, Oman, Bahrain) - Size, Share,
    Outlook, and Opportunity Analysis, 2020 - 2027

3
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).
  • Drivers
  • Increasing construction activities in the GCC
    region coupled with the lined-up various
    high-scale infrastructure projects is expected to
    fuel the market growth of industrial gases.
    Moreover, increasing investment in large-scale
    infrastructure projects and industrial sectors
    are further expected to drive the growth of the
    GCC industrial gases.
  • The rising demand for industrial gases for
    healthcare applications is expected to propel the
    market growth over the forecast
    period. Industrial gases are widely used in
    treating the various respiratory problems and
    also used in other technical applications.
    Thus, the rapid growth of the medical industry in
    the GCC region is expected to propel the market
    growth over the forecast period. 
  • On the basis of the countries, Kingdom of Saudi
    Arabia dominated the GCC industrial gases market
    in 2019 with a 47.7 of market share in terms of
    value, followed by UAE and others.

4

Market Restraints
  • The high cost of production is expected to hinder
    the market growth of industrial gases. The high
    cost of energy in the production of industrial is
    a major factor hindering the market growth of
    industrial gases. The cost of the energy is
    expected pose restraint to market growth.

5
Market Opportunities
  • 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.

6
Figure 1. GCC Industrial Gases Market
Opportunity Analysis
7
    
 Market Trends 
  • Various manufacturers in the region are
    establishing new facilities for increasing the
    production of industrial gases in order to meet
    the rising demand is expected to be a major trend
    in the market. For instance, in February 2020,
    Industrial gases firm Air Products has begun
    construction on a new Air Products Qudra
    industrial gases hub megaproject in the Jubail
    Industrial City in Jubail, Saudi Arabia.
  • Key Takeaways

8
  • Figure 2. GCC Industrial Gases Market, Revenue
    Share (), By Gas Type, in 2019

On the basis of gas type in 2019, the oxygen
segment has accounted the largest market share
of 29.4 in terms of value, followed by nitrogen
and carbon dioxide respectively.
9
  • Competitive Section
  • Company Names 
  • Global Players
  • Air Liquide
  • Air Products and Chemicals Inc.
  • The Linde Group
  • Praxair Inc.
  • Regional Players
  • 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
  • Yateem Oxygen
  • Few Recent Developments
  • Air Liquide
  • In February 2020, Industrial gases firm Air
    Products has begun construction on a new Air
    Products Qudra industrial gases hub megaproject
    in the Jubail Industrial City in Jubail, Saudi
    Arabia.

10
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  • Reference https//www.coherentmarketinsights.com/
    market-insight/gcc-industrial-gases-market-3845

11
About Us
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12
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  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
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  • Email sales_at_coherentmarketinsights.com

13
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