UAE Industrial Gases Market Hits USD 872 million in 2023, Charts Course for 6.07% CAGR Soar Until 2030
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UAE Industrial Gases Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “UAE Industrial Gases Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the UAE Industrial Gases Market: 2024-2030
The UAE Industrial Gases Market size was valued at USD 872 million in 2023 and is expected to reach USD 1.31 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.07% during the forecast period, i.e., 2024-30. The factors attributing to the surge in the demand for industrial gas in the UAE are the expanding application of carbon dioxide in the food & beverage sector, rising usage of oxygen in semi-conductor industries, and economic diversification & industrial expansion plans.
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What are the primary factors driving the growth of the UAE Industrial Gases Market?
Widespread Application in the Chemical Industries – The immense utilization of chemicals in a vast range of industries, like pharmaceuticals, Oil & Gas, Consumer Care, etc., has led to the development of several chemical manufacturing bases in the UAE. These chemical companies require a wide range of industrial gases to carry out the production of various complex compounds, thus driving market growth.
Moreover, the chemical industries play a major part in boosting the UAE’s overall economic growth. The Industrial Development Bureau stated that the chemicals sector emerged as one of the largest manufacturing sectors and contributed to around 53% of the entire Abu Dhabi’s GDP. Accordingly, to improve the financial position, the country’s administrative authorities are ramping up chemical production. As per the government reform, the aim is to increase the chemical production capacity to 14.4 million tons per annum by 2025, which would continue to drive the need for industrial gases in the forthcoming years as well.
UAE Industrial Gases Market Segmentation:
The UAE Industrial Gases market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Type
- Nitrogen- Market Size & Forecast 2019-2030, Million Cubic Meters
- Oxygen- Market Size & Forecast 2019-2030, Million Cubic Meters
- Carbon dioxide- Market Size & Forecast 2019-2030, Million Cubic Meters
- Hydrogen- Market Size & Forecast 2019-2030, Million Cubic Meters
- Argon- Market Size & Forecast 2019-2030, Million Cubic Meters
- Acetylene- Market Size & Forecast 2019-2030, Million Cubic Meters
- Others (Helium, Methane, Ammonia, etc.) – Market Size & Forecast 2019-2030, Million Cubic Meters
By Supply Mode
- Packaged Cylinders- Market Size & Forecast 2019-2030, Million Cubic Meters
- Bulk Delivery- Market Size & Forecast 2019-2030, Million Cubic Meters
- Onsite Production- Market Size & Forecast 2019-2030, Million Cubic Meters
- Pipeline- Market Size & Forecast 2019-2030, Million Cubic Meters
By End User
- Healthcare- Market Size & Forecast 2019-2030, Million Cubic Meters
- Chemicals- Market Size & Forecast 2019-2030, Million Cubic Meters
- Electronics- Market Size & Forecast 2019-2030, Million Cubic Meters
- Food and Beverage- Market Size & Forecast 2019-2030, Million Cubic Meters
- Metallurgy- Market Size & Forecast 2019-2030, Million Cubic Meters
- Oil and Gas – Market Size & Forecast 2019-2030, Million Cubic Meters
- Energy- Market Size & Forecast 2019-2030, Million Cubic Meters
- Others- Market Size & Forecast 2019-2030, Million Cubic Meters
Geographical Analysis into the UAE Industrial Gases Market:
The UAE Industrial Gases market is categorized based Regions:
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
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Competitive Landscape and UAE Industrial Gases Market Share Analysis:
The competitive landscape of the UAE Industrial Gases Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Air Products & Chemicals, Inc.
- Linde Group
- Gulf Cryo
- Dubai Industrial Gases
- ADNOC Gas
- Brothers Gas
- Atlas Copco
- Emirates Industrial Gases Company L.L.C
- Others
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Questions Addressed in this Study
- What factors are driving the UAE Industrial Gases Market growth?
- How is the UAE Industrial Gases Market expected to grow over the next five years?
- What are the key insights into the current trends in the UAE Industrial Gases Market?
- What is the current size of the UAE Industrial Gases Market, and how is it projected to change in the future?
- What is the future outlook for the UAE Industrial Gases Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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