Industrial Gas Ecosystem Analysis in the Middle East is Growing at CAGR 7.4% to Top US$ 8,135.6 Mn by 2034

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Based on an analysis of the Middle East’s Industrial Gas Ecosystem, demand is expected to reach US$ 4,103.6 million in 2024 and is expected to expand significantly, with a target of US$ 8,135.6 million by 2034. The industrial gas ecosystem in the region is expected to increase steadily, with a compound annual growth rate (CAGR) of 7.4% predicted between 2024 and 2034.

Manufacturers of industrial gas are drawn to the United Arab Emirates (UAE) due to its advantageous geographic position and well-established infrastructure. Because of its strategic location in the Middle East, the United Arab Emirates (UAE) provides a logistical center that facilitates efficient industrial gas distribution networks across the area. Modern transportation facilities make it easier to distribute goods, import raw materials, and connect with a wide range of Middle Eastern and international customers.

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Emerging trends indicate robust development and huge prospects as the Middle East’s industrial gas sector enters a revolutionary phase. The need for industrial gases has increased as the region invests in industrial development and diversifies its economy, with industries including manufacturing, petrochemicals, healthcare, and more driving this demand.

Important New Trends:

Growth in Petrochemicals and the Need for Feedstock:

Petrochemical production has traditionally been concentrated in the Middle East, and this tendency is expected to continue. The region’s petrochemical capacity are being expanded by investment, which is driving increasing demand for industrial gases as necessary feedstocks for a variety of operations. Industrial gas suppliers now have abundant opportunity to form strategic alliances and land long-term contracts as a result of this.

Initiatives for Renewable Energy:

The Middle East is becoming more and more concerned with sustainable practices, particularly with regard to renewable energy initiatives. Industrial gases like hydrogen are becoming more and more important parts of sustainable energy solutions. Because of the region’s abundant sunshine, it is a prime location for large-scale solar and hydrogen production, supporting international efforts to shift to greener energy sources.

Technological Progress in the Production of Gas:

The Middle East’s industrial gas market is changing as a result of developments in gas producing technologies. Cutting production costs and increasing efficiency are two of the innovative techniques being used, such as cryogenic technology and sophisticated air separation systems. This increases the region’s competitiveness in the worldwide market and guarantees a steady supply of industrial gasses.

Growth of the Healthcare Industry:

The Middle East’s healthcare industry is growing quickly due to rising population and increased attention to healthcare infrastructure. Industrial gases are essential for medical applications such as medical gas mixes and oxygen therapy. The need for medical-grade industrial gases is expected to increase as healthcare facilities proliferate, opening up new opportunities for market expansion.

Rivalry Dynamics

Many regional and international companies compete in the Middle East’s industrial gas industry, each hoping to gain a sizable portion of the market and become well-known.

Businesses regularly pursue ongoing R&D projects in an effort to improve production procedures, satisfy changing industry needs, and maintain strict quality requirements. Technological breakthroughs and the development of specialized gas solutions are significantly influenced by strategic partnerships and collaborations.

Government programs and legal frameworks have a significant impact on the dynamics of competition, and compliance with safety and environmental regulations has emerged as a critical differentiator. The creation of environmentally friendly gasses is an additional way that sustainability commitment shapes the competitive environment.

The following are some recent changes to the industrial gas ecosystem:

  1. In July 2022, Linde entered into a Memorandum of Understanding (MoU) with the Ministry of Energy and Infrastructure of the United Arab Emirates. The MoU focused on identifying and developing green hydrogen and sustainability projects, aligning with the UAE Net Zero Initiative s goal of achieving net-zero emissions by 2050 and the Ministry of Energy and Infrastructure s Energy Strategy 2050.
  2. In December 2023, Gulf Cryo and Petro Rabigh jointly announced the inauguration of a new carbon capture and utilization (CCU) facility plant in the Kingdom s Western Region, signaling a significant step towards environmental responsibility and sustainable industrial practices.

The Industrial Gas Industry Report’s Segmentation

  • By Supply Mode:
    • Pipeline
    • Bulk Gas Delivery
    • Cryogenic Tanks & Liquid Dewars
  • By Country:
    • United Arab Emirates
    • Saudi Arabia
    • Qatar
    • Oman
    • Kuwait
    • Bahrain
    • Rest of the Middle East

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The Middle East’s industrial gas market is expected to grow rapidly due to a number of causes, including the expansion of the petrochemical industry, attempts to promote renewable energy, technical advancements, the rise of the healthcare sector, and economic diversification. The region’s acceptance of these new trends is offering industrial gas suppliers and stakeholders previously unheard-of chances for growth and innovation. In addition to asserting its dominance in the global industrial gas market, the Middle East is fostering the steady and varied expansion of its own economy.

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