UAE Industrial Gases Market Size Insights
According to MarkNtel Advisors study The future of 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.
What are the Key Driver in 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.
What are the Key Segments in the UAE Industrial Gases Market?
The UAE Industrial Gases is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- 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
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How does geographical analysis highlight in the UAE Industrial Gases market?
- By Region
- Dubai
- Abu Dhabi Al Ain
- Sharjah Northern Emirates
Who are the Key Players in UAE Industrial Gases Market?
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
UAE Industrial Gases Market News
2024: ADNOC Gas announced an investment of around USD 13 billion to leverage AI and other digital technologies to upgrade their domestic production unit and improve industrial gas yield.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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