Saudi Arabia industrial gases market is anticipated to register a CAGR of 4.96% and reach approximately 2986.17 million USD by 2028 owing to the growing demand from oil and gas midstream sector. In 2017, Saudi Arabia accounted for 200.45 thousand million barrels of proved oil reserves and the country was the top producer of crude oil in the Middle East and Africa region. The most widely used industrial gases are oxygen, nitrogen, carbon dioxide, hydrogen, argon, neon, helium, etc. and are used for a wide range of industries, which include oil and gas, chemicals, petrochemicals, metals, fertilizers, nuclear power, electronics, and aerospace.
All gases have different characteristics which make them beneficial to be used in different applications. Hence, we have segmented the product type into different applications as per their uses. Metallurgy, light engineering industry, medical are the key application sectors of oxygen whereases petrochemical, pharma & chemical industry, metallurgy, others are the key application of nitrogen gas. Carbon dioxide is widely used in welding, food & beverages, chemical & petrochemical, and healthcare industries. Same as hydrogen is used in hydrogenation of fats and oils, refinery, chemical and petrochemicals, metallurgical & metal processing, and fuel & atomic power generation.
Market Segmentation
Saudi Arabia Industrial Gases Market is segmented on the basis of product type and mode of distribution and application. Based on product type, the market is further divided into oxygen, nitrogen, carbon dioxide, hydrogen, argon, and helium. Based on the mode of distribution, the market is divided into tonnage/gaseous, bulk & cylinder, and packaged.
Company Profiles
Linde-SIGAS, Air Products and Chemicals, Inc., Abdullah Hashim Industrial Gases & Equipment Co. Ltd, Gulf Cryo Saudi, Saudi Basic Industries Corporation (SABIC), Aldakheel Industrial Gases Plant (DIGAS), Jubail Gas Plant Co, Ltd., ACWA Holding, Taiyo Nippon Sanso Corporation, and Barrack Industrial Gases Factory are some of the key players in the Saudi Arabia Industrial Gases Market.
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Saudi Arabia Industrial Gases Market Is Anticipated To Register A CAGR Of 4.96% Till 2028
1. SAUDI ARABIA INDUSTRIAL GASES MARKET
FORECAST AND OPPORTUNITIES
2018 – 2028
M A R K E T I N T E L L I G E N C E . C O N S U L T I N G www.techsciresearch.com
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