The latest report by IMARC Group, titled "GCC Industrial Gases Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The GCC industrial gases market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

Industrial gases are a class of organic molecules that have many hydroxyl groups in them. These gasses are made up of low-calorie, adaptable carbohydrates that taste and feel just like table sugar. They are frequently used as a sugar substitute in the food and beverage sector in goods like yogurts, ice creams, fruit spreads, sweets, chewing gum, and so forth. Additionally, mouthwash, throat lozenges, breath mints, toothpaste, and other products are made using industrial gases.

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GCC Industrial Gases Market Trends and Drivers:

The growing chemical sector, which uses industrial gases to produce sealants, foams, elastomers, adhesives, flexible and rigid polyurethane coatings, etc., is the main driver of the GCC industrial gases market. Large amounts of these gases are used in the oil and gas industry to regulate various refinery processes. In addition, the market is expanding because to the growing usage of industrial gas-based foams in the automotive sector for ventilating headliners, seating, headrests, and armrests, among other applications. Over the course of the forecast period, a number of other factors, such as the increasing rate of urbanization and the growing need for construction materials, protective components, external panels, housing electronics, etc., are anticipated to further boost the industrial gases market in the GCC region.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Nitrogen
  • Oxygen
  • Carbon Dioxide
  • Argon
  • Hydrogen
  • Others

Breakup by Application:

  • Manufacturing
  • Metallurgy
  • Energy
  • Chemicals
  • Healthcare
  • Others

Breakup by Supply Mode:

  • Packaged
  • Bulk
  • On-Site

Breakup by Region:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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