GCC Market Study on Industrial Gases: Chemicals & Petrochemical Sector Being the Focal Point of Overall Demand, Metals & Healthcare Sector to Drive the Demand Over Forecast Period of 2016 - 2022


  • Published On : May-2016 |
  • Pages : 175 Pages |
  • Format :

The report, GCC industrial gases market, lists seven industrial gases, namely, oxygen, nitrogen, helium, acetylene, argon, hydrogen and carbon dioxide and studies their demand and forecast across various applications for the period of 2016 - 2022 in the GCC market.

The GCC industrial gases market is anticipated to witness significant revenue growth over the forecast period, owing to their rising demand for different end-to-end applications across various industries such as metals and metallurgy, medical & healthcare, welding & metal fabrication, automotive & aerospace, refining, chemicals, pulp & paper etc., in the GCC region.

Several large-scale infrastructural projects, as part of government’s development program, in line with key regional events such as Dubai Expo 2020 and FIFA World Cup 2022, Qatar, are expected to emerge as major drivers for rise in demand for industrial gases in the GCC region. Besides, increasing production output from chemical and petrochemical industry is further expected to push the demand for industrial gases to grow at a high CAGR over the forecast period. Infrastructural and developmental changes in the regional healthcare industry, led by government’s efforts to reduce overall operating costs of average medical treatments are also estimated to contribute significantly to the GCC industrial gases market. 

High energy costs associated with the production and distribution of industrial gases is one of the major challenges faced by industrial gases manufacturers in the GCC region. Major opportunities for growth in the GCC industrial gases market lies with the optimization in production and distribution of gases, in order to make the process safer and cost effective. Global players, in order to capitalize on lucrative growth opportunities in the GCC region, are found to have been entering the regional market through acquisitions/ JVs with the regional players; over the last couple of years, companies such as the Linde group, Air Liquide, Praxair Inc. and Air Products & Chemicals Inc. have significantly increased their footprint in the GCC industrial gases market.

To understand and assess the demand and opportunities in this market, the report is categorically split into three major sections, namely market analysis – by gas type, by application, and by country. In order to understand the application section of the report more comprehensively, application-specific segmentation is provided for each gas and in each country of the region. The report analyzes the GCC industrial gases market both in terms of market value (US$ Mn) and volume (Tonnes).

The report starts with market overview and provides market definition and analysis about the drivers, restraints, opportunities, and key trends in the market. The following sections include analysis of the GCC market – by gas type, by application, and by country. All the three sections evaluate the market on the basis of various factors affecting the market, covering the present scenario and future prospects. For market data analysis, the report considers 2014 as the base year, with market numbers estimated for 2015 and 2016 and the forecast provided for 2017–2022. 

The GCC industrial gases market is segmented as follows:

  • By Gas Type
  • By Application
  • By Country

On the basis of Gas type, the market is segmented into:

  • Oxygen
  • Nitrogen
  • Helium
  • Acetylene
  • Argon
  • Hydrogen
  • Carbon Dioxide

The argon segment is anticipated to expand at the fastest CAGR over the forecast period in the GCC industrial gases market in terms of revenue, followed by the oxygen segment. This section comprehensively analyzes the market on the basis of product type and presents an in-depth detail of the market size in terms of value and volume for 2016-2022.

On the basis of application, the market is segmented into:

  • Metals and Metallurgy
  • Medical & Healthcare
  • Welding & Metal Fabrication
  • Automotive & Aerospace
  • Electronics
  • Refining
  • Energy, Oil & Gas
  • Food & Beverage
  • Chemicals
  • Other Industrial
  • Pulp & Paper
  • Pharmaceutical & Biotechnology

The application specific segmentation is considered for each gas in each country to assess the market more comprehensively. Metals and metallurgy segment is expected to expand at the highest CAGR of 8.4% in terms of value during the forecast period, followed by the healthcare and metal fabrication segments respectively.

This section analyzes the market on the basis of application and presents comprehensive market size details in terms of value and volume over the forecast period.

Countries covered in the report includes:

  • KSA
  • UAE
  • Kuwait
  • Qatar
  • Oman
  • Bahrain

The GCC industrial gases market is anticipated to grow from US$ 783.7 Mn in 2015 to US$ 1,270.1 Mn by 2022, expanding at a CAGR of 7.3% in terms of revenue during the forecast period (2016-2022). In this report, the GCC industrial gases market is tracked in terms of volume consumption, and is calibrated to obtain the market revenue estimates by multiplication of weighted average prices. Increasing demand from various end-use industries such as metals and metallurgy, medical & healthcare, welding & metal fabrication, automotive & aerospace, refining, chemicals, pulp & paper etc. is anticipated to drive growth of the GCC industrial gases market over the forecast period. Growing infrastructural development, with government’s focus to reduce economic dependency on oil & gas sector and in line with key regional events such as Dubai Expo 2020 and FIFA World Cup 2022, Qatar, are further expected to push the demand for industrial gases in the GCC region over the forecast period.

However, factors such as high energy costs for production and distribution of industrial gases, and high dependency on cyclical end-use industries are some of the major challenges expected to be faced by market players in the GCC industrial gases market during the forecast period.

The overall GCC industrial gases market is segmented on the basis of gas type, application, and country.  

The section - market analysis, by gas type, comprehensively analyzes the market on the basis of gas type and presents an in-depth analysis of the market size in terms of value and volume for 2016-2022. In 2015, with more than one-fourth of total revenue share, the oxygen segment dominated the GCC industrial gases market, followed by the nitrogen and carbon-dioxide segments, respectively. The argon segment is anticipated to expand at the fastest CAGR of 8.3% over the forecast period in the GCC industrial gases market in terms of revenue, followed by the oxygen segment.

The section - market analysis by application, analyzes the GCC industrial gases market on the basis of applications of these gases across various industries and the data is provided both in terms of value and volume for 2016-2022. The metals and metallurgy segment is expected to expand at the highest CAGR of 8.4% in terms of value during the forecast period. In terms of market share, the refining and chemicals segments collectively accounted for more than one third revenue share of the overall market in 2015 and are expected to dominate the GCC industrial gases market throughout the forecast years.

The section - market analysis by country, includes an in-depth country level analysis of all GCC countries namely, KSA, UAE, Kuwait, Qatar, Oman and Bahrain, by product type and application; and provides market data both in terms of value and volume for 2016-2022. In 2015, KSA dominated the overall GCC industrial gases market, accounting for close to half of the total market share. The industrial gases market in Qatar is forecast to expand at the highest CAGR over the forecast period.

Key players reported in this study on the GCC industrial gases market include Air Products & Chemicals Inc., Praxair Inc., Gulf Cryo, Air Liquide, The Linde Group, Yateem Oxygen, Abdullah Hashim Industrial & Equipment Co. Ltd., Dubai Industrial Gases, National Industrial Gas Plants - Mohammed Hamad Al Mana Group, Bristol Gases - Concorde Corodex Group and Buzwair Industrial Gases Factory.

Key players reported in this study on the GCC industrial gases market include

  • Air Products & Chemicals Inc.
  • Praxair Inc
  • Gulf Cryo
  • Air Liquide
  • The Linde Group
  • Yateem Oxygen
  • Abdullah Hashim Industrial & Equipment Co. Ltd.
  • Dubai Industrial Gases
  • National Industrial Gas Plants - Mohammed Hamad Al Mana Group
  • Bristol Gases - Concorde Corodex Group and Buzwair Industrial Gases Factory
  • Others
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