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UAE Industrial Gases Market Forecast (2024-2030)

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UAE Industrial Gases Market
Research Report: Forecast
(2024-2030)
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Report (2024-2030):
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Market Insights
The 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. The factors
attributing to the surge in the demand for industrial
gas in the UAE are the expanding application of carbon
dioxide in the food & beverage sector, rising usage of
oxygen in semi-conductor industries, and economic
diversification & industrial expansion plans.
Market Driver
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.
Market Segments
• By Type (Nitrogen, Oxygen, Carbon dioxide, Hydrogen,
Argon, Acetylene, Others)
• By Supply Mode (Packaged Cylinders, Bulk Delivery, Onsite
Production, Pipeline)
• By End User (Healthcare, Chemicals, Electronics, Food and
Beverage, Metallurgy, Oil and Gas, Energy) and others
Top Companies
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
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