Gcc Industrial Gases Market Explore Future Growth With Top Players
rmozJune 1, 2021
Persistence Market Research (PMR) published a market research report on the
GCC industrial gases market, which includes GCC industry analysis and market forecast for 2019-2029. The report displays the regional market outlook for industrial gases throughout the forecast period of 2019-2029, along with the CAGR growth. The GCC industrial gases market is likely to account for ~US$ 1.0 Bn by 2019-end, and is expected to grow at a CAGR of ~6.0% over the forecast period of 2019-29.
Among different types of gases, oxygen, nitrogen, carbon dioxide, and hydrogen are estimated to witness significant adoption throughout the forecast period. In addition, rapidly growing sales of Argon is likely to result in increased market share in the years ahead. Moreover, refining, chemicals, welding & metal fabrication and energy, and oil & gas are estimated to remain key application sectors of the industrial gases.