GCC Industrial Gases Market

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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

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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.

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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.

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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.

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Figure 1. GCC Industrial Gases Market
Opportunity Analysis
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 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

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• 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.
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• 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.

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