Report Overview

Robust industrialization, increasing demand for industrial gases in major sectors like healthcare, oil & gas, and regional economic development initiatives contribute to the growth of the Middle East and Africa Industrial Gases Market during the forecast period between 2023 and 2029.

Middle East and Africa Industrial Gases Market – Industry Trends & Forecast Report, 2029

Middle East and Africa Industrial Gases Market size was estimated at USD 4.12 billion in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa Industrial Gases Market is projected to grow at a CAGR of 7.25% reaching a value of USD 6.27 billion by 2029. Middle East and Africa Industrial Gases Market is driven by rapid industrialization, increasing demand in key sectors such as manufacturing and healthcare, and a growing focus on sustainable practices. Rising investments in oil and gas exploration, coupled with expanding metal fabrication and automotive industries, contribute to the market's growth. Also, a surge in healthcare applications, including medical gases for diagnostics and treatment, further propels the demand for industrial gases. Increasing awareness about the benefits of industrial gases in diverse applications and the region's economic development contribute to the market expansion. Overall, the confluence of various beneficial factors fuels the Middle East and Africa Industrial Gases Market.

Industrial Gases – Overview

Industrial gases are essential substances used in various manufacturing processes, providing crucial support to industries worldwide. These gases, including oxygen, nitrogen, hydrogen, and argon, are produced and distributed on a large scale. They play key roles in welding, cutting, healthcare, electronics, and chemical manufacturing. The industry involves the production, storage, and transportation of these gases in liquid or gaseous forms. Companies specializing in industrial gases contribute significantly to global infrastructure, supporting diverse sectors and ensuring the smooth operation of numerous industrial applications. The demand for industrial gases continues to grow as industries evolve and expand.

Middle East and Africa Industrial Gases Market

Growth Drivers

Rapid Industrialization in Middle East and Africa

The Middle East and Africa Industrial Gases Market is growing rapidly due to rapid industrialization in the region, particularly in Middle East. As the region experiences an unprecedented surge in industrial activities, there is an escalating demand for industrial gases across diverse sectors. The increasing need for gases, such as oxygen, nitrogen, and hydrogen in manufacturing processes, energy production, and healthcare contributes significantly to market expansion. The surge in industrialization fosters partnerships and investments, driving the development and adoption of advanced industrial gas technologies, thereby bolstering the overall growth and economic dynamism of the Middle East and Africa Industrial Gases Market.

Restraints

Supply Chain Disruptions

Middle East and Africa Industrial Gases Market faces unprecedented challenges due to supply chain disruptions. The industrial gases sector in the Middle East and Africa is grappling with a complex web of disruptions, from transportation constraints to geopolitical uncertainties. It has severely impacted the seamless flow of critical gases within the supply chain, creating operational hurdles for key industries. As stakeholders navigate these challenges, strategic resilience and adaptive solutions become imperative to sustain the stability of the industrial gas market in the region amidst ongoing disruptions.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Industrial Gases Market

Escalating geopolitical tensions in the Middle East and Africa, compounded by the Israel-Hamas and Russia-Ukraine wars, have significantly impacted the industrial gases market. Heightened uncertainty and regional instability have disrupted supply chains, leading to increased costs and supply constraints for industrial gases. The intensified Israel-Hamas conflict has further exacerbated the situation, affected energy prices and geopolitical alliances, and influenced market dynamics in the Middle East and Africa. The industrial gases market faces challenges in navigating geopolitical risks, making strategic planning and risk management crucial for sustained operations in this volatile environment.

Middle East and Africa Industrial Gases Market

Segmental Coverage

Middle East and Africa Industrial Gases Market – By Product Type

Based on product type, Middle East and Africa Industrial Gases Market is divided into Nitrogen, Oxygen, Carbon Dioxide, Argon, and Hydrogen segments. The Nitrogen segment holds a significant position, contributing to the market's robust presence. This vital segment reflects the region's reliance on industrial applications, including manufacturing, healthcare, and electronics, where Nitrogen plays a pivotal role. The market's diversification into various gases underscores the complex and interconnected nature of industries in the Middle East and Africa, with Nitrogen emerging as a cornerstone element in the industrial gases landscape.

Middle East and Africa Industrial Gases Market – By Application

Based on application, Middle East and Africa Industrial Gases Market is divided into Healthcare, Manufacturing, Food & Beverages, Metallurgy & Glasses, and Chemicals & Energy segments. The manufacturing segment stands out as the largest, playing a pivotal role in the regional industrial gases market. The manufacturing sector's significance reflects the diverse applications and demand for industrial gases in manufacturing processes, underscoring its substantial impact on the overall market dynamics in the Middle East and Africa.

Middle East and Africa Industrial Gases Market – By Country

Geographically, Middle East and Africa Industrial Gases Market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia stands out as a significant country, playing a crucial role in the Middle East and Africa industrial gases market. The country's robust industrial infrastructure, economic growth, and diverse applications of industrial gases contribute to its prominence. The kingdom's dynamism is further underscored by the unique economic landscapes and industrial activities within each country, collectively shaping the overall industrial gases market in the Middle East and Africa

Competitive Landscape

Major players in the Middle East and Africa Industrial Gases Market include Linde - SIGAS, Air Products & Chemicals Inc., Air Liquide South Africa, BOC Kenya (B.O.C. Gases Kenya Limited), Gulf Cyro., Afrox, Abdullah Hashim Industrial Gases & Equipment (AHG), and Praxair Middle East. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• December 2022:  Air Products signed an agreement with Saudi Ground Services (SGS) to demonstrate Hydrogen for Mobility at Dammam Airport, Saudi Arabia. Saudi Ground Services provides a wide range of ground handling services throughout the entire network of airlines in Saudi Arabia, from passenger services and baggage handling to fleet solutions and cargo services.

Scope of the Report

By Product Type

• • Nitrogen

  • Oxygen

  • Carbon Dioxide

  • Argon

  • Hydrogen

By Application

• • Healthcare

  • Manufacturing

  • Food & Beverages

  • Metallurgy & Glasses

  • Chemical & Energy

By Country

• • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA