Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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.

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.

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.

Figure 1. GCC Industrial Gases Market– Opportunity Analysis

GCC Industrial Gases  | Coherent Market Insights

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

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

GCC Industrial Gases  | Coherent Market Insights

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.

Competitive Section:

Company Names 

Global Players

  1. Air Liquide
  2. Air Products and Chemicals Inc.
  3. The Linde Group
  4. Praxair Inc.

Regional Players

  1. Abdullah Hashim Industrial & Equipment Co. Ltd
  2. Bristol Gases
  3. Buzwair Industrial Gases factory
  4. Dubai Industrial Gases
  5. Gulf Cryo
  6. Mohsin Haider Darwish LLC
  7. National Industrial Gas Plants
  8. 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.

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.

Market Dynamics

Rise in the steel crude production in Iran, United Arab Emirates (UAE), Saudi Arabia and Qatar countries due to continuous investment in the construction industry is expected to accelerate the market growth of industrial gases. Moreover, growing innovation in welding, grinding, cutting, and tube machinery solutions are further expected to propel the market growth.

Growth and profitability of industrial gases market completely depends on the demand from the end-use industries as industrial gas are not standalone finished products. Some of the end-user shows unpredictable behavior in their demand which impact the demand of industrial gases. This factor is expected to restrict market growth.

Key features of the study:

  • This report provides in-depth analysis of the GCC Industrial Gases market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the GCC Industrial Gases market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The GCC Industrial Gases market report caters to various stakeholders in this industry including investors, suppliers, granular urea manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the granular urea market

Detailed Segmentation:

  • GCC Industrial Gases Market, By Gas Type:
    • Oxygen
    • Nitrogen
    • Helium
    • Acetylene
    • Argon
    • Hydrogen
    • Carbon Dioxide
  • GCC Industrial Gases Market, 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
  • GCC Industrial Gases Market, By Country:
    • KSA (Kingdom of Saudi Arabia)
      • 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
    • UAE
      • 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
    • Kuwait
      • 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
    • Qatar
      • 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
    • Oman
      • 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
    • Bahrain
      • 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
  • Company Profiles
    • Air Liquide *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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
    • Yateem Oxygen

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Gas Type
      • Market Snippet, By Application
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. GCC Industrial Gases Market, By Gas Type, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Oxygen
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Nitrogen
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Helium
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Acetylene
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Argon
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Hydrogen
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Carbon Dioxide
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  5. GCC Industrial Gases Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Metals and Metallurgy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Medical & Healthcare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Welding & Metal Fabrication
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Automotive & Aerospace
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Electronics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Refining
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Energy, Oil & Gas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Food & Beverage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Chemicals & Petrochemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Pulp & Paper
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Pharmaceutical & Biotechnology
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. GCC Industrial Gases Market, By Country, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
    • KSA (Kingdom of Saudi Arabia)
      • Country Trends
      • Market Size and Forecast, By Gas Type, 2017- 2027  (US$ Million & Tons)
      • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & Tons)
    • UAE
      • Country Trends
      • Market Size and Forecast, By Gas Type, 2017- 2027  (US$ Million & Tons)
      • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & Tons)
    • Kuwait
      • Country Trends
      • Market Size and Forecast, By Gas Type, 2017- 2027  (US$ Million & Tons)
      • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & Tons)
    • Qatar
      • Country Trends
      • Market Size and Forecast, By Gas Type, 2017- 2027  (US$ Million & Tons)
      • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & Tons)
    • Oman
      • Country Trends
      • Market Size and Forecast, By Gas Type, 2017- 2027  (US$ Million & Tons)
      • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & Tons)
    • Bahrain
      • Country Trends
      • Market Size and Forecast, By Gas Type, 2017- 2027  (US$ Million & Tons)
      • Market Size and Forecast, By Application, 2017- 2027  (US$ Million & Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Air Liquide
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Air Products and Chemicals Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Linde Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Praxair Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Abdullah Hashim Industrial & Equipment Co. Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Bristol Gases
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Buzwair Industrial Gases factory
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dubai Industrial Gases
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Gulf Cryo
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mohsin Haider Darwish LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • National Industrial Gas Plants
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Yateem Oxygen
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for industrial gases is estimated to surpass US$ 1807.95 million by 2027, exhibiting a CAGR of 7.4% between 2020 and 2027.
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 industrial gases market is expected to exhibit a CAGR of 7.4% during the forecast period (2020-2027).
Major players operating in the GCC industrial gases market include 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.
The high cost of production is expected to hamper 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.
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.
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