Middle East Industrial Gases Market to Reach US$ 4.8 Billion by 2030, Driven by Growing Demand for Industrial Gases in Refining, Petrochemicals, and Power Generation Industries | Market Report by RationalStat
The Middle East industrial gases market is expected to approach US$ 4.8 billion by 2030, with an annual growth rate of more than 5.8%
Wilmington, Delaware, Nov. 23, 2023 (GLOBE NEWSWIRE) -- *Middle East Industrial Gases Market* is valued at *US$ **3.2 **billion in 2023* and is expected to grow at a significant *CAGR of over **5.8**%* over the forecast period of 2023-2030, according to the published market report by *RationalStat*
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*Market Definition, Market Scope, and Report Overview*
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The Middle East is undergoing rapid industrialization and urbanization, which is driving demand for industrial gases across a variety of sectors, including oil and gas, petrochemicals, metals, and power generation. In addition, the Middle East's healthcare and pharmaceutical industries are growing rapidly, and this is driving demand for industrial gases used in medical applications.
· According to a deep-dive market assessment by RationalStat, the Middle East industrial gases market has been analyzed *on the basis of market segments, including type, application, mode of transportation, mode of distribution, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific)*. The report also offers Middle East and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
· Market intelligence for the Middle East industrial gases market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
· In addition, the long-term sector and products/services 10-year outlook and its implications on the Middle East industrial gases market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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*Middle East* *Industrial Gases Market: Segmental and Market Share Analysis*
· On the basis of region, Iran is anticipated to take up a significant portion of the Middle East industrial gases market.
*Report Synopsis*
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 3.2 billion
Market Size Forecast US$ 4.8 billion
Growth Rate 5.8%
Key Market Drivers · Growing infrastructure development
· Expanding healthcare and pharmaceutical industries
· Expanding energy industry
Companies Profiled · Linde
· SABIC
· Air Liquide
· Gulf Cryo
· Abdullah Hashim Industrial Gas
· National Industrial Gas Plants
· Buzwair Industrial Gases
· Ras gas Helium Plant
· Gasal QSC
· Air Products
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*Competition Analysis and Market Structure *
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Middle East industrial gases market include,
· In July 2022, Linde signed a MoU with United Arab Emirates' Ministry of Energy and Infrastructure. The MoU involves identifying and developing green hydrogen and sustainability projects to contribute to UAE Net Zero Initiative for achieving net-zero emissions by 2050, and MOEI's Energy Strategy 2050.
· In December 2020, Linde partnered with Saudi International Petrochemical Company (Sipchem). The partnership involves forming a joint venture to build industrial gas project networks across the Kingdom of Saudi Arabia.
Some of the prominent players and suppliers operating and contributing significantly to the Middle East industrial gases market growth include *Linde, SABIC, Air Liquide, Gulf Cryo, Abdullah Hashim Industrial Gas, National Industrial Gas Plants, Buzwair Industrial Gases, Ras gas Helium Plant, Gasal QSC, and Air Products, **among others.*
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*RationalStat has segmented the Middle East **industrial gases* *market based on type, application, mode of transportation, mode of distribution, and region*
· *Middle East **Industrial Gases* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type**
· Nitrogen
· Oxygen
· Carbon Dioxide
· Argon
· Hydrogen
· Acetylene
· Helium
· Specialty Gases
· *Middle East **Industrial Gases* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application**
· Manufacturing
· Iron & Steel
· Metallurgy & Glass
· Electronics
· Energy
· Chemicals
· Petroleum
· Agriculture
· Healthcare
· Others
· *Middle East **Industrial Gases* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Mode of Transportation**
· Gas Cylinders
· Liquid Cylinder
· Pipelines
· Others (Other Containers, etc.)
· *Middle East **Industrial Gases* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Mode of Distribution**
· On-site
· Merchant/Bulk Liquid
· Packaged
· *Middle East **Industrial Gases* *Market ***Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country**
· Israel
· Jordan
· Saudi Arabia
· Kuwait
· Qatar
· Iraq
· Bahrain
· UAE
· Oman
· Yemen
· Rest of the Middle East
*For more information about this report- https://store.rationalstat.com/store/middle-east-industrial-gases-market/*
*Key Questions Answered in the Industrial Gases Report:*
· What will be the market value of the Middle East industrial gases market by 2030?
· What is the market size of the Middle East industrial gases market?
· What are the market drivers of the Middle East industrial gases market?
· What are the key trends in the Middle East industrial gases market?
· Which is the leading region in the Middle East industrial gases market?
· What are the major companies operating in the Middle East industrial gases market?
· What are the market shares by key segments in the Middle East industrial gases market?
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*Research Methodology*
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
· Defining the problem by understanding the type of market and data required by the client.
· Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
· Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
· Evaluating and analyzing the data by referring to data sources utilized and leveraged.
· Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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*About RationalStat LLC *
RationalStat is an end-to-end Middle East market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Middle East and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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