Saudi Arabia Industrial Gases Market to Accelerate at an Estimated 3.18% CAGR By 2030

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Saudi Arabia Industrial Gases Market Overview, Trends, Size and Forecast: 2025-2030

The Saudi Arabia Industrial Gases Market size was valued at around 20 million tons in 2024 and is expected to reach 24.13 million tons by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.18% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The market growth is driven by several growth factors, including the strong presence of the oil and petrochemical industry in Saudi Arabia, the heavy investments in the development of industrial gas facilities infrastructure through government and private partnerships, and the rapid acceptance of advanced facilities, such as the integration of artificial intelligence, IoT, and robotics. One of the most prominent growth factors is the rapidly increasing non-oil industries, such as food & beverages, metallurgy, electronics, etc. These industries depend on various gases as their efficient fuels for various purposes like cooling, cutting, processing, etc.

Additionally, the rising industrialization in the country under Vision 2030 is supported by the country’s government through high investments in the expansion of industrial gases manufacturing units is proactively increasing the market demand, thus increasing the potential market growth.

Moreover, the high usage of nitrogen gas over other gases, in different industries, is showing the dominance of nitrogen gas in the Saudi Arabia Industrial Gases Market, due to its benefits, including prevention from corrosion and explosions in heavy-duty machinery. Furthermore, the incorporation of smart management systems such as SCADA systems, powered by IoT sensors, AI features, and automated software in the industrial gases production facilities in the country is positively shaping the market dynamics. However, the high initial investments and fragmented supply chains are hampering the market growth, further states the research report, “Saudi Arabia Industrial Gases Market Analysis, 2025.”

Saudi Arabia Industrial Gases Market Segmentation Insights:

Energy & Chemicals Sector Generating Massive Market Demand

Based on the end user, the market is further segmented into Manufacturing, Metallurgy & Glass, Energy & Chemicals, Healthcare, Food & Beverages, Electronics, and Others. Out of these, the energy & chemicals segment holds the largest market share of about 28%. The dominance is due to the presence of a strong base for oil, gas, and petrochemical industries in Saudi Arabia, which are heavily relying on different industrial gases, like oxygen, nitrogen, hydrogen, and carbon dioxide etc., for various processes, thus increasing the market demand. For instance, several major players like Jazan complex supply millions of tons of these gases, especially oxygen and nitrogen, to nearby refineries such as the Armaco facility and the IGCC refinery.

Additionally, the government is allocating significant funds for the blue and green gases manufacturing to promote sustainability, which is increasing the utilization of industrial gases in the energy and chemicals industry. For example, projects like the NEOM Green Hydrogen Project, which is already 60% completed, show the high usage of industrial gases as compared to other users. These factors show the dominance of energy & chemicals in the market segment.

Nitrogen is the Most Preferred Product Type

Among these, nitrogen dominates the industrial gases market with a substantial share of more than 30%. This is due to the rising demand for nitrogen in various industries, including the petrochemical, healthcare, electronics, and food and beverages, due to the widespread applications of nitrogen. For example, the rising food & beverage industry is increasing the requirement for liquid nitrogen for freezing purposes and dry nitrogen for packaging food materials.

Additionally, nitrogen can prevent explosions, corrosion and has blanket storage capabilities, which contribute to its high demand in these types of industries. This has resulted in increased nitrogen production in the country, which is several thousand tons a day, showing a high production rate of nitrogen over other types of gases in the country; thus, nitrogen is the most preferred product type among the end-users.

Top Companies in the Saudi Arabia Industrial Gases Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading Saudi Arabia Industrial Gases Market companies, including Air Liquide Arabia / Air Liquide S.A., Linde PLC / Linde Saudi Industrial Gas Company (SIGAS), Air Products & Chemicals, Inc. / Air Products Qudra, Saudi Basic Industries Corporation (SABIC), Abdullah Hashim Industrial Gases & Equipment Co. Ltd, Aldakheel Industrial Gases Plant (DIGAS), Gulf Cryo Saudi, Jubail Gas Plant Co. Ltd, ACWA Holding, Taiyo Nippon Sanso Corporation, Barrak Industrial Gases Factory, Arab Industrial Gases Company, and Others, are looking forward to increasing their market size & share.

Key Questions Answered in the Research Report

1. What is the scope, size, value, and forecast of the Saudi Arabia Industrial Gases Market?
2. What is the volume and share of each segment in the Saudi Arabia Industrial Gases Market?
3. What are the key trends shaping the Saudi Arabia Industrial Gases Market from 2025 to 2030?
4. What growth factors and risks impact the Saudi Arabia Industrial Gases Market?
5. What are the main challenges faced by players in the Saudi Arabia Industrial Gases Market?
6. What are the top opportunities in the Saudi Arabia Industrial Gases Market?
7. What does competitive analysis reveal about the Saudi Arabia Industrial Gases Market landscape?
8. Who are the key players and companies leading the Saudi Arabia Industrial Gases Market?
9. What innovations are transforming the future dynamics of the Saudi Arabia Industrial Gases Market?
10. How are partnerships and collaborations driving the Saudi Arabia Industrial Gases Market growth?
11. How does the Saudi Arabia Industrial Gases Market differ based on geography and segments?