GCC Industrial Gases Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (GCC)

Description

The GCC industrial gases market is a dynamic and rapidly growing sector, driven by industrialization, economic diversification, and advancements in key sectors such as healthcare, energy, and manufacturing.Valued at $2.5 billion in 2024, the market is projected to reach $4.1 billion by 2031, growing at a CAGR of 7.30%. Industrial gases are essential for numerous industries across the Gulf Cooperation Council (GCC) countries, including Saudi Arabia, Kuwait, United Arab Emirates (UAE), Qatar, Bahrain, and Oman. These gases play a critical role in various applications, ranging from metal production and chemical processing to medical uses and food packaging.

Market Overview and Key Trends

The industrial gases market in the GCC is characterized by the production, distribution, and sale of gases such as oxygen, nitrogen, hydrogen, and carbon dioxide. These gases are widely used in sectors such as chemicals, pharmaceuticals, oil and gas refining, food and beverage processing, and healthcare. The demand for industrial gases is expected to continue growing due to increasing industrial activities and the need for advanced medical practices.

One of the significant trends in the GCC industrial gases market is the rising demand for medical-grade gases, driven by advancements in healthcare facilities and the growing need for medical treatments that require gases such as oxygen and nitrous oxide. Moreover, technological developments, such as cryogenic separation techniques, are enhancing the efficiency of gas production and utilization, further supporting market growth.

Sustainability is also becoming a key focus in the market, with increasing attention to eco-friendly gas production methods. As the GCC countries work towards diversifying their economies beyond oil and gas, industrial expansion in sectors such as manufacturing and renewable energy is boosting the demand for industrial gases. Additionally, the food and beverage industry is seeing a growing need for gases like nitrogen and carbon dioxide, used in packaging applications.

Industrial Gases Applications and Key Sectors

Industrial gases are integral to various industrial processes. Oxygen and nitrogen, in particular, are among the most widely used gases in the GCC market. Oxygen is essential for steel production, metal welding, and cutting, as well as medical applications such as respiratory therapy. Nitrogen is used in processes like inert gas welding and purging pipelines, and it plays a crucial role in food preservation.

The oil and gas sector, one of the most significant industries in the GCC, relies heavily on industrial gases. Nitrogen is used for well stimulation, pressure maintenance, and pipeline inerting, while hydrogen is increasingly being recognized as a potential clean energy source. As the GCC countries focus on developing their energy infrastructure, the demand for industrial gases in power generation and oil and gas processing is expected to rise.

In the healthcare sector, the demand for medical-grade industrial gases is growing rapidly. Hospitals require a steady supply of oxygen for critical care patients undergoing oxygen therapy. Nitrous oxide is used as an anesthetic during surgeries, while helium is gaining traction in medical imaging for its use in MRI machines. The rising need for advanced diagnostics and treatments is expected to drive further demand for industrial gases in the healthcare sector.

Market Challenges and Barriers

Despite the growth opportunities, the GCC industrial gases market faces several challenges. One of the most significant barriers is the high cost of energy, which is a major input in the production of industrial gases. Electricity and natural gas are crucial for the manufacturing and distribution of gases, and the high cost of these energy sources can limit profit margins for manufacturers, potentially hindering market expansion.

Transportation of industrial gases is another challenge. Gases must be safely and efficiently transported, often over long distances, which requires robust infrastructure, including pipelines and storage facilities. Transportation costs are a significant factor in the overall price of industrial gases, and the need for skilled personnel to handle high-pressure cylinders and liquid tanks adds to the operational complexity.

Competitive Analysis

The GCC industrial gases market is highly consolidated, with a few major players dominating the Analysis. Companies such as Linde, Air Liquide, and Air Products and Chemicals Inc. hold a significant share of the market, with a strong presence through local distributors and suppliers. These companies focus on reducing operational and transportation costs to gain a competitive edge in the market.

Local players in the GCC, such as Emirates Industrial Gases and Gulf Cryo, also play a vital role in the market. These companies benefit from their proximity to key industrial sites, allowing them to reduce transportation costs and provide faster delivery to customers.

The competitive dynamics in the market are influenced by strategic partnerships and collaborations. For instance, recent joint ventures between GCC countries and international gas companies have strengthened the region's industrial gas supply chain. Such partnerships are expected to drive innovation and competition, further boosting market growth.

Key Companies Profiled

Air Liquide
The Linde Group
Air Products and Chemicals Inc.
Abdullah Hashim Industrial & Equipment Co. Ltd.
Praxair Inc.
Dubai Industrial Gases
Bristol Gases
Buzwair Industrial Gases Factory
National Industrial Gas Plants
Mohsin Haider Darwish LLC
Yateem Oxygen
Gulf Cryo

GCC Industrial Gases Market Segmentation

By Gas

Oxygen
Nitrogen
Hydrogen
Carbon Dioxide
Argon
Acetylene
Helium

By Application

Automotive & Aerospace
Chemicals/Petrochemicals
Energy, Oil & Gas
Food & Beverages
Medical & Healthcare
Metals & Metallurgy
Pharmaceuticals & Biotechnology
Pulp & Paper
Refining
Welding & Metal Fabrication

By Mode of Supply

Bulk
Packaged
On-site

By Country

Kingdom of Saudi Arabia (KSA)
United Arab Emirates (UAE)
Qatar
Kuwait
Oman
Bahrain

1. Executive Summary

1.1. GCC Industrial Gases Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.8. PESTLE Analysis

3. GCC Industrial Gases Market Outlook, 2019 - 2031

3.1. GCC Industrial Gases Market Outlook, by Gas, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Oxygen
  - 3.1.1.2. Nitrogen
  - 3.1.1.3. Hydrogen
  - 3.1.1.4. Carbon Dioxide
  - 3.1.1.5. Argon
  - 3.1.1.6. Acetylene
  - 3.1.1.7. Helium
3.2. GCC Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Automotive & Aerospace
  - 3.2.1.2. Chemicals/Petrochemicals
  - 3.2.1.3. Energy, Oil & Gas
  - 3.2.1.4. Food & Beverages
  - 3.2.1.5. Medical & Healthcare
  - 3.2.1.6. Metals & Metallurgy
  - 3.2.1.7. Other Industrial
  - 3.2.1.8. Pharmaceuticals & Biotechnology
  - 3.2.1.9. Pulp & Paper
  - 3.2.1.10. Refining
  - 3.2.1.11. Welding & Metal Fabrication

4. Kingdom of Saudi Arabia (KSA) Automotive Suspension Bushes Market Outlook, 2019 - 2031

4.1. 4. Kingdom of Saudi Arabia (KSA) Automotive Suspension Bushes Market Outlook, by Gas, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Oxygen
  - 4.1.1.2. Nitrogen
  - 4.1.1.3. Hydrogen
  - 4.1.1.4. Carbon Dioxide
  - 4.1.1.5. Argon
  - 4.1.1.6. Acetylene
  - 4.1.1.7. Helium
4.2. Kingdom of Saudi Arabia (KSA) Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Automotive & Aerospace
  - 4.2.1.2. Chemicals/Petrochemicals
  - 4.2.1.3. Energy, Oil & Gas
  - 4.2.1.4. Food & Beverages
  - 4.2.1.5. Medical & Healthcare
  - 4.2.1.6. Metals & Metallurgy
  - 4.2.1.7. Other Industrial
  - 4.2.1.8. Pharmaceuticals & Biotechnology
  - 4.2.1.9. Pulp & Paper
  - 4.2.1.10. Refining
  - 4.2.1.11. Welding & Metal Fabrication
- 4.2.2. BPS Analysis/Market Attractiveness Analysis

5. UAE Automotive Suspension Bushes Market Outlook, 2019 - 2031

5.1. UAE Automotive Suspension Bushes Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Oxygen
  - 5.1.1.2. Nitrogen
  - 5.1.1.3. Hydrogen
  - 5.1.1.4. Carbon Dioxide
  - 5.1.1.5. Argon
  - 5.1.1.6. Acetylene
  - 5.1.1.7. Helium
5.2. UAE Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Automotive & Aerospace
  - 5.2.1.2. Chemicals/Petrochemicals
  - 5.2.1.3. Energy, Oil & Gas
  - 5.2.1.4. Food & Beverages
  - 5.2.1.5. Medical & Healthcare
  - 5.2.1.6. Metals & Metallurgy
  - 5.2.1.7. Other Industrial
  - 5.2.1.8. Pharmaceuticals & Biotechnology
  - 5.2.1.9. Pulp & Paper
  - 5.2.1.10. Refining
  - 5.2.1.11. Welding & Metal Fabrication
- 5.2.2. BPS Analysis/Market Attractiveness Analysis

6. Qatar Automotive Suspension Bushes Market Outlook, 2019 - 2031

6.1. Qatar Automotive Suspension Bushes Market Outlook, by Gas, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Oxygen
  - 6.1.1.2. Nitrogen
  - 6.1.1.3. Hydrogen
  - 6.1.1.4. Carbon Dioxide
  - 6.1.1.5. Argon
  - 6.1.1.6. Acetylene
  - 6.1.1.7. Helium
6.2. Qatar Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Automotive & Aerospace
  - 6.2.1.2. Chemicals/Petrochemicals
  - 6.2.1.3. Energy, Oil & Gas
  - 6.2.1.4. Food & Beverages
  - 6.2.1.5. Medical & Healthcare
  - 6.2.1.6. Metals & Metallurgy
  - 6.2.1.7. Other Industrial
  - 6.2.1.8. Pharmaceuticals & Biotechnology
  - 6.2.1.9. Pulp & Paper
  - 6.2.1.10. Refining
  - 6.2.1.11. Welding & Metal Fabrication
- 6.2.2. BPS Analysis/Market Attractiveness Analysis

7. Kuwait Automotive Suspension Bushes Market Outlook, 2019 - 2031

7.1. Kuwait Automotive Suspension Bushes Market Outlook, by Gas, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Oxygen
  - 7.1.1.2. Nitrogen
  - 7.1.1.3. Hydrogen
  - 7.1.1.4. Carbon Dioxide
  - 7.1.1.5. Argon
  - 7.1.1.6. Acetylene
  - 7.1.1.7. Helium
7.2. Kuwait Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Automotive & Aerospace
  - 7.2.1.2. Chemicals/Petrochemicals
  - 7.2.1.3. Energy, Oil & Gas
  - 7.2.1.4. Food & Beverages
  - 7.2.1.5. Medical & Healthcare
  - 7.2.1.6. Metals & Metallurgy
  - 7.2.1.7. Other Industrial
  - 7.2.1.8. Pharmaceuticals & Biotechnology
  - 7.2.1.9. Pulp & Paper
  - 7.2.1.10. Refining
  - 7.2.1.11. Welding & Metal Fabrication
- 7.2.2. BPS Analysis/Market Attractiveness Analysis

8. Oman Automotive Suspension Bushes Market Outlook, 2019 - 2031

8.1. Oman Automotive Suspension Bushes Market Outlook, by Gas, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Oxygen
  - 8.1.1.2. Nitrogen
  - 8.1.1.3. Hydrogen
  - 8.1.1.4. Carbon Dioxide
  - 8.1.1.5. Argon
  - 8.1.1.6. Acetylene
  - 8.1.1.7. Helium
8.2. Oman Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Automotive & Aerospace
  - 8.2.1.2. Chemicals/Petrochemicals
  - 8.2.1.3. Energy, Oil & Gas
  - 8.2.1.4. Food & Beverages
  - 8.2.1.5. Medical & Healthcare
  - 8.2.1.6. Metals & Metallurgy
  - 8.2.1.7. Other Industrial
  - 8.2.1.8. Pharmaceuticals & Biotechnology
  - 8.2.1.9. Pulp & Paper
  - 8.2.1.10. Refining
  - 8.2.1.11. Welding & Metal Fabrication
- 8.2.2. BPS Analysis/Market Attractiveness Analysis

9. Bahrain Automotive Suspension Bushes Market Outlook, 2019 - 2031

9.1. Bahrain Automotive Suspension Bushes Market Outlook, by Gas, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Oxygen
  - 9.1.1.2. Nitrogen
  - 9.1.1.3. Hydrogen
  - 9.1.1.4. Carbon Dioxide
  - 9.1.1.5. Argon
  - 9.1.1.6. Acetylene
  - 9.1.1.7. Helium
9.2. Bahrain Industrial Gases Market Outlook, by Application, Value (US$ Bn) and Volume (KT), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Automotive & Aerospace
  - 9.2.1.2. Chemicals/Petrochemicals
  - 9.2.1.3. Energy, Oil & Gas
  - 9.2.1.4. Food & Beverages
  - 9.2.1.5. Medical & Healthcare
  - 9.2.1.6. Metals & Metallurgy
  - 9.2.1.7. Other Industrial
  - 9.2.1.8. Pharmaceuticals & Biotechnology
  - 9.2.1.9. Pulp & Paper
  - 9.2.1.10. Refining
  - 9.2.1.11. Welding & Metal Fabrication
- 9.2.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Company Market Share Analysis, 2023
10.2. Competitive Dashboard
10.3. Company Profiles
- 10.3.1. Linde
  - 10.3.1.1. Company Overview
  - 10.3.1.2. Gas Portfolio
  - 10.3.1.3. Financial Overview
  - 10.3.1.4. Business Strategies and Development
- 10.3.2. Gulf Cryo
  - 10.3.2.1. Company Overview
  - 10.3.2.2. Gas Portfolio
  - 10.3.2.3. Financial Overview
  - 10.3.2.4. Business Strategies and Development
- 10.3.3. SABIC
  - 10.3.3.1. Company Overview
  - 10.3.3.2. Gas Portfolio
  - 10.3.3.3. Financial Overview
  - 10.3.3.4. Business Strategies and Development
- 10.3.4. SIPCHEM
  - 10.3.4.1. Company Overview
  - 10.3.4.2. Gas Portfolio
  - 10.3.4.3. Financial Overview
  - 10.3.4.4. Business Strategies and Development
- 10.3.5. Air Liquide
  - 10.3.5.1. Company Overview
  - 10.3.5.2. Gas Portfolio
  - 10.3.5.3. Financial Overview
  - 10.3.5.4. Business Strategies and Development
- 10.3.6. Air Gass
  - 10.3.6.1. Company Overview
  - 10.3.6.2. Gas Portfolio
  - 10.3.6.3. Financial Overview
  - 10.3.6.4. Business Strategies and Development
- 10.3.7. Abdullah Hashim Industrial Gases
  - 10.3.7.1. Company Overview
  - 10.3.7.2. Gas Portfolio
  - 10.3.7.3. Financial Overview
  - 10.3.7.4. Business Strategies and Development
- 10.3.8. Buzwair Industrial Gases
  - 10.3.8.1. Company Overview
  - 10.3.8.2. Gas Portfolio
  - 10.3.8.3. Financial Overview
  - 10.3.8.4. Business Strategies and Development
- 10.3.9. Bristol Gases
  - 10.3.9.1. Company Overview
  - 10.3.9.2. Gas Portfolio
  - 10.3.9.3. Financial Overview
  - 10.3.9.4. Business Strategies and Development
- 10.3.10. Yateem Oxygen
  - 10.3.10.1. Company Overview
  - 10.3.10.2. Gas Portfolio
  - 10.3.10.3. Financial Overview
  - 10.3.10.4. Business Strategies and Development

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations