Middle East & Africa Industrial Gases Market Size & Outlook
Middle East & Africa industrial gases market, 2018-2030 (US$M)
Related Markets
MEA industrial gases market highlights
- The MEA industrial gases market generated a revenue of USD 4,809.3 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 4,809.3 million |
| Market revenue in 2030 | USD 7,354.2 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.6% of the global industrial gases market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 76,636.9 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa industrial gases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 27.88% in 2023. Horizon Databook has segmented the Middle East & Africa industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The rising oil & gas activities in the Middle East & Africa is anticipated to promote the demand for various technologies, including EOR and Improved Oil Recovery (IOR), which is projected to propel the market growth over the forecast period.
The growing demand for packaged & frozen food owing to the unfavorable climatic conditions in the region is likely to promote the use of refrigeration and cooling, which is expected to drive the market for cryogenic liquid thus driving the market for industrial gases.
In addition, the unavailability of agricultural land in the region is further projected to boost the demand for frozen food and grains, which, in turn, is anticipated to benefit market growth. Growing health awareness among the individuals of the region is anticipated to promote the expansion of the healthcare industry, which further stimulates the use of industrial gases for various medical purposes.
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa industrial gases market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA industrial gases market size, by country, 2018-2030 (US$M)
Middle East & Africa Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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