UAE Industrial Gases Market - By Type (Nitrogen, Oxygen, Carbon dioxide, Hydrogen, Argon, Acetylene, Others), By Supply Mode (Packaged Cylinders, Bulk Delivery, Onsite Production,......Pipeline), By End User (Healthcare, Chemicals, Electronics, Food and Beverage, Metallurgy, Oil and Gas, Energy) and others Read more
- Energy
- Jul 2024
- 115
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Market Insights & Analysis: The UAE Industrial Gases Market (2024-30):
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 factors attributing to the surge in the demand for industrial gas in the UAE are the expanding application of carbon dioxide in the food & beverage sector, rising usage of oxygen in semi-conductor industries, and economic diversification & industrial expansion plans.
Traditionally, the UAE's economy has been reliant on the oil & Gas industries since the country has been one of the leading exporters of these commodities. As per the International Trade Administration (ITA), almost 30% of the country’s finances are covered by the oil & gas output. However, the recent geopolitical tensions between countries like Russia-Ukraine and Israel-Iran have led to a disruption in the supply chain and also resulted in oil price volatility. The fluctuation in the prices directly impacts the UAE's economy. As a result, the official authorities of the UAE are focusing on diversifying its economic resources by establishing new industrial zones.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2019-22 |
| Base Year: 2023 | |
| Forecast Period: 2024-30 | |
| CAGR (2024-2030) | 6.07% |
| Region Covered | Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates, |
| Key Companies Profiled | 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 |
| Market Value (2023) | USD 872 Million |
| Market Value (2030) | USD 1.31 Billion |
Different industry verticals, including chemicals, metallurgy, etc., depend upon the gases to carry out their production process. Therefore, the increasing focus on setting up manufacturing facilities in the UAE is generating the demand for industrial gas, thus enlarging the market size. Furthermore, the increasing number of working professionals & heightened urbanization rate in the UAE is leading to a higher demand for packaged food. As per the customer survey, more than 36% of the buyers prefer ready-to-eat food since it is more convenient & quick to make. These packaged food products are made using nitrogen gas since it helps in improving the shelf life of the food. Thus, the growing demand for these edible food items is consequently enhancing the need for industrial gases in the UAE & uplifting market growth.
Additionally, the UAE has been procuring food products from other nations, like India, the US, etc., and necessarily depends upon imports to fulfill the food requirement. As per the Food Export Organization, in 2023, the UAE imported around USD 1.28 billion in agricultural & related food products from the United States of America. In addition to this, around 80% to 90% of the food requirement is fulfilled by shipments from neighboring nations. However, this dependence is leading to higher prices of food products & causing food insecurity within the nation.
Therefore, to ensure food security, the UAE's governing authorities are encouraging F&B companies to set up their production bases within the nation. This, in turn, would continue to generate the demand for industrial gases, accentuating the market growth during the forecast period.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- The UAE Industrial Gases Market Trends & Development
- The UAE Industrial Gases Market Dynamics
- Drivers
- Challenges
- The UAE Industrial Gases Market Value Chain Analysis
- The UAE Industrial Gases Market Regulations, Policies, and Product Standards
- The UAE Industrial Gases Market Hotspot & Opportunities
- The UAE Industrial Gases Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- 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
- By Competitors
- Competition Characteristics
- Market Share & Analysis
- By Type
- Market Size & Analysis
- UAE Industrial Nitrogen Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- By Supply Mode- Market Size & Forecast 2019-2030, Million Cubic Meters
- By End User- Market Size & Forecast 2019-2030, Million Cubic Meters
- Market Size & Analysis
- UAE Industrial Oxygen Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- By Supply Mode- Market Size & Forecast 2019-2030, Million Cubic Meters
- By End User- Market Size & Forecast 2019-2030, Million Cubic Meters
- Market Size & Analysis
- UAE Industrial Carbon Dioxide Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- By Supply Mode- Market Size & Forecast 2019-2030, Million Cubic Meters
- By End User- Market Size & Forecast 2019-2030, Million Cubic Meters
- Market Size & Analysis
- UAE Industrial Hydrogen Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- By Supply Mode- Market Size & Forecast 2019-2030, Million Cubic Meters
- By End User- Market Size & Forecast 2019-2030, Million Cubic Meters
- Market Size & Analysis
- UAE Industrial Argon Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- By Supply Mode- Market Size & Forecast 2019-2030, Million Cubic Meters
- By End User- Market Size & Forecast 2019-2030, Million Cubic Meters
- Market Size & Analysis
- UAE Industrial Acetylene Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- By Volume (Million Cubic Meters)
- Market Share & Analysis
- By Supply Mode- Market Size & Forecast 2019-2030, Million Cubic Meters
- By End User- Market Size & Forecast 2019-2030, Million Cubic Meters
- Market Size & Analysis
- The UAE Industrial Gases Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Company Profiles
- Air Products and Chemicals, Inc.
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Linde Group
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Gulf Cryo
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Dubai Industrial Gases
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- ADNOC Gas
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Brothers Gas
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Atlas Copco
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Emirates Industrial Gases Company L.L.C
- Business Description
- Solution Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Air Products and Chemicals, Inc.
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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