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UAE Industrial Gases Market: Share, Growth, Trends Analysis, Business Opportunities and Forecast 2030: MarkNtel Advisors

ReportTok - Daily news and Magazines August 22, 2024

 

Market Insights

As per recent research by MarkNtel Advisors, 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 UAE Industrial Gases 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.

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Market Segmentation and Consumer Behavior:

By Type

  • Nitrogen- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Oxygen- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Carbon dioxide- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Hydrogen- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Argon- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Acetylene- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Others (Helium, Methane, Ammonia, etc.) - Market Size & Forecast 2019-2030, Million Cubic Meters

By Supply Mode

  • Packaged Cylinders- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Bulk Delivery- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Onsite Production- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Pipeline- Market Size & Forecast 2019-2030, Million Cubic Meters

By End User

  • Healthcare- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Chemicals- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Electronics- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Food and Beverage- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Metallurgy- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Oil and Gas - Market Size & Forecast 2019-2030, Million Cubic Meters
  • Energy- Market Size & Forecast 2019-2030, Million Cubic Meters
  • Others- Market Size & Forecast 2019-2030, Million Cubic Meters

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UAE Industrial Gases Market Geographical Analysis:

By Region:

  • Dubai
  • Abu Dhabi & Al Ain
  • Sharjah & Northern Emirates

Key Players and Competitive Strategies in the UAE Industrial Gases Market

Several prominent players dominate the UAE Industrial Gases Market, including:

  • Air Products and Chemicals, Inc.
  • Linde Group
  • Gulf Cryo
  • Dubai Industrial Gases
  • ADNOC Gas
  • Brothers Gas
  • Atlas Copco
  • Emirates Industrial Gases Company L.L.C

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Questions Addressed in this Study

1.What factors are driving the UAE Industrial Gases Market growth?

2.How is the UAE Industrial Gases Market expected to grow over the next five years?

3.What are the key insights into the current trends in the UAE Industrial Gases Market?

4.What is the current size of the UAE Industrial Gases Market, and how is it projected to change in the future?

5.What is the future outlook for the UAE Industrial Gases Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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