UAE Industrial Gases Market Size & Outlook, 2023-2030
UAE industrial gases market, 2018-2030 (US$M)
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UAE industrial gases market highlights
- The UAE industrial gases market generated a revenue of USD 735.8 million in 2023 and is expected to reach USD 1,060.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, nitrogen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial gases market data book summary
| Market revenue in 2023 | USD 735.8 million |
| Market revenue in 2030 | USD 1,060.0 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Nitrogen |
| Fastest growing segment | Nitrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, UAE accounted for 0.7% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,060.0 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE 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.
Nitrogen was the largest segment with a revenue share of 22.29% in 2023. Horizon Databook has segmented the UAE 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 industrial gases market in the UAE is anticipated to witness growth owing to the expansion of the healthcare industry. With growing population, the demand for higher quality healthcare has also evolved rapidly.
The food industry in the UAE is also witnessing high use of industrial gases. With majority of the country’s population constituting working expatriates from the Western and Asian countries, the trend for frozen foods has gained significance.
In 2018, the Abu Dhabi National Oil Company (ADNOC) announced plans to expand the capture, storage, and utilization of CO2 in order to increase the oil yield. All these factors are expected to prole the demand for industrial gases in UAE.
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Target buyers of UAE industrial gases market databook
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into UAE industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE industrial gases market size, by product, 2018-2030 (US$M)
UAE Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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