Saudi Arabia Industrial Gases Market - By Gas Type (Oxygen, Nitrogen, Carbon Dioxide, Acetylene, Argon); By Application (Healthcare, Manufacturing, Food & Beverages, Metallurgy & Glasses, Chemicals and Energy); By Distribution & Transportation (On-Site, L
Description
Saudi Arabia Industrial Gases Market - By Gas Type (Oxygen, Nitrogen, Carbon Dioxide, Acetylene, Argon); By Application (Healthcare, Manufacturing, Food & Beverages, Metallurgy & Glasses, Chemicals and Energy); By Distribution & Transportation (On-Site, Liquid Gas Transport (Bulk Transport), Cylinder (Merchant)); By Region (North & Central Region, Eastern Region, Western Region, Southern Region), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Saudi Arabia Industrial Gases Market Size Grows Steadily to Reach USD 3.1 Billion by 2029
Saudi Arabia industrial gases market is flourishing increasing demand for industrial gases from food and beverages, electronics, and healthcare sectors, and the rapid developments of manufacturing and processing industries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia industrial gases market size at USD 2,154.013 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia industrial gases market size to grow at a significant CAGR of 5.53% reaching a value of USD 3,125.003 million by 2029. Major driving factors of Saudi Arabia industrial gases market include rising investment in mega projects in the Kingdom of Saudi Arabia. The growth of the Saudi industrial gases market is being driven by the medical and food processing sectors. According to the chemical company Air Products, industrial gases can be used to food production processes to boost productivity and aid in the creation of healthy, natural, and organic food products, and they use liquid nitrogen and carbon dioxide in the freezing and chilling of any food product. These gases also assist in the grinding of spices, nutraceuticals, and other compounds. Liquid nitrogen is primarily effective in lowering frictional heat during the grinding process, hence enhancing output and uniformity. It also prevents flavor and fragrance loss during food processing. Also, increased industrialization and urbanization, as well as rising consumer demand from the processing and manufacturing industries, is projected to generate profitable growth prospects for the industry during the period in analysis. However, stringent laws & regulations for manufacturing & distribution of gases are anticipated to restrain the market growth.
Saudi Arabia Industrial Gases Market– Overview
Industrial gases are made up of elements, molecular compounds, or combinations. The most common industrial gases are oxygen, nitrogen, carbon dioxide, hydrogen, and noble gases such as argon, neon, and helium. Industrial gases are used in a variety of industries, including oil and gas, chemicals, petrochemicals, metals, fertilizers, nuclear power, electronics, and aerospace. For example, air separation facilities refine air in a separation process, allowing for the bulk production of a variety of gases. The Saudi government is investing heavily in megaprojects across the country. Industrial gas submission is fairly common in the construction industry. Saudi Arabia's industrial gas situation will improve, benefiting not only the energy sector but also the expanding non-energy industries like industrial, gas, and chemical. The market for industrial gases in Saudi Arabia is growing due to large-scale initiatives like the Al Jubail Petrochemical Complex.
Impact of COVID -19 on Saudi Arabia Industrial Gases Market
COVID-19 affected nearly every industry, resulting in a global health disaster. Gas investment in FY2020 decreased due to lost operational time due to a lack of staff and lower profits from end-use sectors as a result of the nationwide lockdown to prevent the virus from spreading. The disease's emergence also significantly altered demand for crude oil, causing oil prices to reach new highs. For example, in May 2020, the price of a barrel of oil fell to USD20.37. It is at its lowest level since February 2002. Production was impacted in several industries as a result of the shortened demand season, the closure of operations, and international travel restrictions. This directly caused a decline in the demand for various gases from various end-use industries.
Saudi Arabia Industrial Gases Market – By Application
Based on application, Saudi Arabia industrial gases market is divided into Healthcare, Manufacturing, Food & Beverages, Metallurgy & Glasses, and Chemicals & Energy. The manufacturing application sector held the highest market share and is expected to expand significantly throughout the forecast period. Because of the rising manufacturing industries in developing countries demand industrial gases such as nitrogen, oxygen, carbon dioxide, and hydrogen is expected to grow significantly in developing economies. The growing need for advanced industrial gases in the electronic industry is likely to drive this segment's growth even further. Over the projected period, the healthcare application segment is expected to develop the fastest. Furthermore, the current COVID-19 pandemic has increased demand for medical-grade industrial gases, particularly oxygen. The market has a high development potential due to a rise in global healthcare spending.
Competitive Landscape
Major players operating in Saudi Arabia industrial gases market Linde SIGAS, Air Products & Chemicals Inc, Air Liquide S.A., Gulf Cryo Saudi, Saudi Basic Industries Corporation, Aldakheel Industrial Gases Plant (DIGAS), Jubail Gas Plant Co., Ltd, ACWA Holding, Taiyo Nippon Sanso Corporation, and Barrak Industrial Gases Factory. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Industrial Gases Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Industrial Gases Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Saudi Arabia Industrial Gases Market Size Grows Steadily to Reach USD 3.1 Billion by 2029
Saudi Arabia industrial gases market is flourishing increasing demand for industrial gases from food and beverages, electronics, and healthcare sectors, and the rapid developments of manufacturing and processing industries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia industrial gases market size at USD 2,154.013 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia industrial gases market size to grow at a significant CAGR of 5.53% reaching a value of USD 3,125.003 million by 2029. Major driving factors of Saudi Arabia industrial gases market include rising investment in mega projects in the Kingdom of Saudi Arabia. The growth of the Saudi industrial gases market is being driven by the medical and food processing sectors. According to the chemical company Air Products, industrial gases can be used to food production processes to boost productivity and aid in the creation of healthy, natural, and organic food products, and they use liquid nitrogen and carbon dioxide in the freezing and chilling of any food product. These gases also assist in the grinding of spices, nutraceuticals, and other compounds. Liquid nitrogen is primarily effective in lowering frictional heat during the grinding process, hence enhancing output and uniformity. It also prevents flavor and fragrance loss during food processing. Also, increased industrialization and urbanization, as well as rising consumer demand from the processing and manufacturing industries, is projected to generate profitable growth prospects for the industry during the period in analysis. However, stringent laws & regulations for manufacturing & distribution of gases are anticipated to restrain the market growth.
Saudi Arabia Industrial Gases Market– Overview
Industrial gases are made up of elements, molecular compounds, or combinations. The most common industrial gases are oxygen, nitrogen, carbon dioxide, hydrogen, and noble gases such as argon, neon, and helium. Industrial gases are used in a variety of industries, including oil and gas, chemicals, petrochemicals, metals, fertilizers, nuclear power, electronics, and aerospace. For example, air separation facilities refine air in a separation process, allowing for the bulk production of a variety of gases. The Saudi government is investing heavily in megaprojects across the country. Industrial gas submission is fairly common in the construction industry. Saudi Arabia's industrial gas situation will improve, benefiting not only the energy sector but also the expanding non-energy industries like industrial, gas, and chemical. The market for industrial gases in Saudi Arabia is growing due to large-scale initiatives like the Al Jubail Petrochemical Complex.
Impact of COVID -19 on Saudi Arabia Industrial Gases Market
COVID-19 affected nearly every industry, resulting in a global health disaster. Gas investment in FY2020 decreased due to lost operational time due to a lack of staff and lower profits from end-use sectors as a result of the nationwide lockdown to prevent the virus from spreading. The disease's emergence also significantly altered demand for crude oil, causing oil prices to reach new highs. For example, in May 2020, the price of a barrel of oil fell to USD20.37. It is at its lowest level since February 2002. Production was impacted in several industries as a result of the shortened demand season, the closure of operations, and international travel restrictions. This directly caused a decline in the demand for various gases from various end-use industries.
Saudi Arabia Industrial Gases Market – By Application
Based on application, Saudi Arabia industrial gases market is divided into Healthcare, Manufacturing, Food & Beverages, Metallurgy & Glasses, and Chemicals & Energy. The manufacturing application sector held the highest market share and is expected to expand significantly throughout the forecast period. Because of the rising manufacturing industries in developing countries demand industrial gases such as nitrogen, oxygen, carbon dioxide, and hydrogen is expected to grow significantly in developing economies. The growing need for advanced industrial gases in the electronic industry is likely to drive this segment's growth even further. Over the projected period, the healthcare application segment is expected to develop the fastest. Furthermore, the current COVID-19 pandemic has increased demand for medical-grade industrial gases, particularly oxygen. The market has a high development potential due to a rise in global healthcare spending.
Competitive Landscape
Major players operating in Saudi Arabia industrial gases market Linde SIGAS, Air Products & Chemicals Inc, Air Liquide S.A., Gulf Cryo Saudi, Saudi Basic Industries Corporation, Aldakheel Industrial Gases Plant (DIGAS), Jubail Gas Plant Co., Ltd, ACWA Holding, Taiyo Nippon Sanso Corporation, and Barrak Industrial Gases Factory. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Industrial Gases Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Industrial Gases Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
200 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Saudi Arabia Industrial Gases Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rise in Investments in Mega Projects
- 3.2.1.2. Growing Demand from Oil and Gas Midstream Sector
- 3.2.1.3. Rising urbanization & industrialization and Growing Application of Gases
- 3.2.2. Restraints
- 3.2.2.1. Stringent Laws & regulations for Manufacturing & Distribution of gases
- 3.2.3. Opportunities
- 3.2.3.1. Growing Uses of Industrial Gas in the Medical and Food Processing Sectors
- 3.2.3.2. Manufacturers of Industrial Gas Using IoT Technology
- 3.2.4. Challenges
- 3.2.4.1. Falling demand for gas as a result of national lockdowns
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Saudi Arabia Industrial Gases Market Overview
- 4.1. Market Size & Forecast by Value, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Gas Type
- 4.2.1.1. Oxygen
- 4.2.1.2. Nitrogen
- 4.2.1.3. Carbon Dioxide
- 4.2.1.4. Acetylene
- 4.2.1.5. Argon
- 4.2.1.6. Others
- 4.2.2. By Application
- 4.2.2.1. Healthcare
- 4.2.2.2. Manufacturing
- 4.2.2.3. Food & Beverages
- 4.2.2.4. Metallurgy & Glasses
- 4.2.2.5. Chemicals and Energy
- 4.2.2.6. Others
- 4.2.3. By Distribution & Transportation
- 4.2.3.1. On-Site
- 4.2.3.2. Liquid Gas Transport (Bulk Transport)
- 4.2.3.3. Cylinder (Merchant)
- 4.2.4. By Region
- 4.2.4.1. North & Central Region
- 4.2.4.2. Eastern Region
- 4.2.4.3. Western Region
- 4.2.4.4. Southern Region
- 5. North & Central Region Industrial Gases Market Overview
- 5.1. Market Size & Forecast by Value, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Gas Type
- 5.2.2. By Application
- 5.2.3. By Distribution Channel
- 6. Eastern Region Industrial Gases Market Overview
- 6.1. Market Size & Forecast by Value, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Gas Type
- 6.2.2. By Application
- 6.2.3. By Distribution Channel
- 7. Western Region Industrial Gases Market Overview
- 7.1. Market Size & Forecast by Value, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Gas Type
- 7.2.2. By Application
- 7.2.3. By Distribution Channel
- 8. Southern Region Industrial Gases Market Overview
- 8.1. Market Size & Forecast by Value, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Gas Type
- 8.2.2. By Application
- 8.2.3. By Distribution Channel
- 9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. Saudi Arabia Industrial Gases Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 10. Impact of Covid-19 on Saudi Arabia Industrial Gases Market
- 11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook and SWOT Analysis)
- 11.1. Linde SIGAS
- 11.2. Air Products & Chemicals Inc
- 11.3. Air Liquide S.A.
- 11.4. Gulf Cryo Saudi
- 11.5. Saudi Basic Industries Corporation
- 11.6. Aldakheel Industrial Gases Plant (DIGAS
- 11.7. Jubail Gas Plant Co., Ltd
- 11.8. ACWA Holding
- 11.9. Taiyo Nippon Sanso Corporation
- 11.10. Barrak Industrial Gases Factory
- 11.11. Other prominent players
- 12. Key Strategic Recommendations
- 13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Saudi Arabia Industrial Gases Market Segmentation
- Figure 2 Saudi Arabia Industrial Gases Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Saudi Arabia Industrial Gases Market Size, By Value (USD Billion), 2019−2029
- Figure 5 Saudi Arabia Industrial Gases Market Share, By Gas Type, By Value, 2019−2029
- Figure 6 Saudi Arabia Industrial Gases Market Share, By Application, By Value, 2019−2029
- Figure 7 Saudi Arabia Industrial Gases Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 8 Saudi Arabia Industrial Gases Market Share, By Region, By Value, 2019−2029
- Figure 9 North & Central Region Industrial Gases Market Size, By Value (USD Billion), 2019−2029
- Figure 10 North & Central Region Industrial Gases Market Share, By Gas Type, By Value, 2019−2029
- Figure 11 North & Central Region Industrial Gases Market Share, By Application, By Value, 2019−2029
- Figure 12 North & Central Region Industrial Gases Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 13 Eastern Region Industrial Gases Market Size, By Value (USD Billion), 2019−2029
- Figure 14 Eastern Region Industrial Gases Market Share, By Gas Type, By Value, 2019−2029
- Figure 15 Eastern Region Industrial Gases Market Share, By Application, By Value, 2019−2029
- Figure 16 Eastern Region Industrial Gases Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 17 Western Region Industrial Gases Market Size, By Value (USD Billion), 2019−2029
- Figure 18 Western Region Industrial Gases Market Share, By Gas Type, By Value, 2019−2029
- Figure 19 Western Region Industrial Gases Market Share, By Application, By Value, 2019−2029
- Figure 20 Western Region Industrial Gases Market Share, By Distribution Channel, By Value, 2019−2029
- Figure 21 Southern Region Industrial Gases Market Size, By Value (USD Billion), 2019−2029
- Figure 22 Southern Region Industrial Gases Market Share, By Gas Type, By Value, 2019−2029
- Figure 23 Southern Region Industrial Gases Market Share, By Application, By Value, 2019−2029
- Figure 24 Southern Region Industrial Gases Market Share, By Distribution Channel, By Value, 2019−2029
- List of Tables
- Table 1 Saudi Arabia Industrial Gases Market Size, By Gas Type, By Value, 2019−2029
- Table 2 Saudi Arabia Industrial Gases Market Size, By Application, By Value, 2019−2029
- Table 3 Saudi Arabia Industrial Gases Market Size, By Distribution Channel, By Value, 2019−2029
- Table 4 Saudi Arabia Industrial Gases Market Size, By Region, By Value, 2019−2029
- Table 5 North & Central Region Industrial Gases Market Size, By Gas Type, By Value, 2019−2029
- Table 6 North & Central Region Industrial Gases Market Size, By Application, By Value, 2019−2029
- Table 7 North & Central Region Industrial Gases Market Size, By Distribution Channel, By Value, 2019−2029
- Table 8 Eastern Region Industrial Gases Market Size, By Gas Type, By Value, 2019−2029
- Table 9 Eastern Region Industrial Gases Market Size, By Application, By Value, 2019−2029
- Table 10 Eastern Region Industrial Gases Market Size, By Distribution Channel, By Value, 2019−2029
- Table 11 Western Region Industrial Gases Market Size, By Gas Type, By Value, 2019−2029
- Table 12 Western Region Industrial Gases Market Size, By Application, By Value, 2019−2029
- Table 13 Western Region Industrial Gases Market Size, By Distribution Channel, By Value, 2019−2029
- Table 14 Southern Region Industrial Gases Market Size, By Gas Type, By Value, 2019−2029
- Table 15 Southern Region Industrial Gases Market Size, By Application, By Value, 2019−2029
- Table 16 Southern Region Industrial Gases Market Size, By Distribution Channel, By Value, 2019−2029
- Table 17 Linde SIGAS Company Overview
- Table 18 Linde SIGAS Financial Overview
- Table 19 Air Products & Chemicals Inc Company Overview
- Table 20 Air Products & Chemicals Inc Financial Overview
- Table 21 Air Liquide S.A. Company Overview
- Table 22 Air Liquide S.A. Financial Overview
- Table 23 Gulf Cryo Saudi Company Overview
- Table 24 Gulf Cryo Saudi Financial Overview
- Table 25 Saudi Basic Industries Corporation Company Overview
- Table 26 Saudi Basic Industries Corporation Financial Overview
- Table 27 Aldakheel Industrial Gases Plant (DIGAS) Company Overview
- Table 28 Aldakheel Industrial Gases Plant (DIGAS) Financial Overview
- Table 29 Jubail Gas Plant Co., Ltd Company Overview
- Table 30 Jubail Gas Plant Co., Ltd Financial Overview
- Table 31 ACWA Holding Company Overview
- Table 32 ACWA Holding Financial Overview
- Table 33 Taiyo Nippon Sanso Corporation Company Overview
- Table 34 Taiyo Nippon Sanso Corporation Financial Overview
- Table 35 Barrak Industrial Gases Factory Company Overview
- Table 36 Barrak Industrial Gases Factory Financial Overview
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