UAE Industrial Gases Market Analysis 2030 – Size, Share, Growth, Trends, and Industry Insights
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), UAE Industrial Gases Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of UAE Industrial Gases Industry (2024-2030):
According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the UAE Industrial Gases industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR: 6.07%
- Market Value (2023): USD 872 Million
- Market Value (2030): USD 1.31 Billion
What are the major Challenge facing the UAE Industrial Gases industry?
High Production & Distribution Costs – The prices of cylinders, bulk tanks, equipment, and welding consumables have increased significantly due to the rising cost of metals such as stainless steel and non-ferrous metals. These higher packaged cylinder prices result in a surge in the supply cost. As a result, the top companies are increasing the prices of industrial gases for both contractual & non-contractual customers. Thus, this rising cost is in turn, resulting in customers seeking alternative solutions, hence impeding market growth.
Furthermore, industrial gases require specialized storage to maintain the purity of the gases. They need well-ventilated, cool, and dry areas away from possible ignition sources and combustible materials. Therefore, top companies are required to spend a hefty amount on industrial gas storage, increasing the overall overhead cost. Thus, to have greater profit margins, the market players are selling these industrial gases at higher costs, making them inaccessible for a few of the industries, and restraining market growth.
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UAE Industrial Gases Market Segmentation
The UAE Industrial Gases Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
- By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
As per the regional aspect, the UAE Industrial Gases Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the UAE Industrial Gases Market
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
UAE Industrial Gases Market Recent Development
2024: ADNOC Gas announced an investment of around USD 13 billion to leverage AI and other digital technologies to upgrade their domestic production unit and improve industrial gas yield.
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