UAE Industrial Gases Market Analysis: Trends, Growth, and Competition

UAE Industrial Gases Market Projected to Expand at 6.07% CAGR Through 2030

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.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

UAE Industrial Gases Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

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

Carbon Dioxide holds a notable market share in the UAE Industrial Gases Market. Carbon dioxide is available in three different forms and can be utilized as solid, liquid, and gas, making it a suitable refrigerant and preferable for the industries of Electronics, F&B, Data Centres, etc. Along with this, carbon dioxide is extensively used as an inert gas within chemical processing units since it is one of the common feedstocks for the synthesis of various polymers. Moreover, the application of carbon dioxide within the metal industry due to its attributes, which provide hardness to casting molds further drives its demand.

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

The Oil & Gas industry captures a dominant market share in the UAE Industrial Gases Market. The oil & gas industries essentially need nitrogen since it helps in maintaining pressure, resulting in ensuring safety for onshore and onshore oil exploration.

By Region

Dubai
Abu Dhabi & Al Ain
Sharjah & Northern Emirates.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Increasing Expansion of Semiconductor Companies – Semiconductors are made using industrial gases since nitrogen & oxygen help in shaping up their electrical properties. Therefore, the increasing requirement for semiconductors in a wide range of industries, like automotive & electronics is leading to their higher production, consequently ramping up the industrial gas demand.

Further, in recent years, the sales of smartphones & PCs in the UAE have increased significantly. As per the statistics by the Gulf Council Corporation (GCC), more than 5.38 million mobile phones were sold in the UAE during Q1 of 2021 and the shipments of smartphones in the UAE reached 1.1 million in 2022, which is an increase of about 7% compared to the previous year. Therefore, to cater to the growing demand for electronic products, several foreign manufacturers are establishing their units in the UAE. This would pose an opportunity for the industrial gas companies to supply different gases to these units, thus enlarging the market size.

UAE Industrial Gases Market Competitive Snapshot from 2024-2030

The report highlights established and emerging players in the global UAE Industrial Gases Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

BASF SE
Fosroc
Sikka UAE
Dow Menant
GCP Applied Technologies Inc.
Saudi Basic Industries Corporation (SABIC)
Henkel Arabia
Colmef Construction Chemical
Corrotech Construction Chemical

Their activities include partnerships, product launches, and geographic expansions.

UAE Industrial Gases Industry Prime Challenge

High Production & Distribution Costs – The prices of cylinders, bulk tanks, equipment, and welding consumables have increased significantly due to the rising cost of metals such as stainless steel and non-ferrous metals. These higher packaged cylinder prices result in a surge in the supply cost. As a result, the top companies are increasing the prices of industrial gases for both contractual & non-contractual customers. Thus, this rising cost is in turn, resulting in customers seeking alternative solutions, hence impeding market growth.

Furthermore, industrial gases require specialized storage to maintain the purity of the gases. They need well-ventilated, cool, and dry areas away from possible ignition sources and combustible materials. Therefore, top companies are required to spend a hefty amount on industrial gas storage, increasing the overall overhead cost. Thus, to have greater profit margins, the market players are selling these industrial gases at higher costs, making them inaccessible for a few of the industries, and restraining market growth.

Frequently Asked Questions (FAQs):

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