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.
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NEW YORK, June 1, 2021 /PRNewswire/ Demand for industrial carbon dioxide is steadily rising from key industries such as oil & gas and food & beverages across various regions. Chemical industries have seen significant growth in the past few years, and are expected to maintain this pace over the coming years as well.
Growing demand for application of carbon dioxide in fire suppression and cooling sectors is also expected to drive market growth substantially through the forecast period of 2021-2031. East Asia, Asia Pacific, and North America are major markets for industrial carbon dioxide.
Persistence Market Research