Saudi Arabia Industrial Gases Market By Product (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, Helium), By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged), By Region, Competition Forecast and Opportunities, 2028

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Saudi Arabia Industrial Gases Market By Product (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, Helium), By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged), By Region, Competition Forecast and Opportunities, 2028

Saudi Arabia industrial gases market is anticipated to register a CAGR of 4.96% and reach approximately 2986.17 million USD by 2028 owing to the

A major part of the Saudi Arabian economies is contributed by oil-based industries segment which is 46% of country’s GDP

Growing Demand from Oil and Gas Midstream Sector is Driving Market Growth

People of Saudi Arabia spend around USD 70 billion of capital annually on their food consumption.

The Saudi Green Initiative has placed a goal to generate 50% of electricity from renewables source in the power mix in 2030.

Various companies have reviewed the fault or error while production and increased their company revenue by more than 1.2% , which is very impressive


MIR Segment1

Recent Developments

  • In December 2022, Saudi Arabian Oil Company (Aramco) and Total Energies have collaborated to construct a new petrochemicals complex located in Jubail, eastern region of Saudi Arabia as extension of Saudi Aramco Total Refining and Petrochemical Co.(SATORP). The construction of new complex involved investment of USD 11 billion and  is expected to complete in 2027.
  • In December 2021, the Saudi Aramco announcement stated that USD 12.4 billion lease and leaseback transaction has concluded in June with a conglomerate lead by EIG Global Energy Partners, which involved Aramco’s stabilized crude oil pipeline network.
  • The official statement of Minister of Energy stated that they are going to hike the price of the industrial gases to some of exporter countries by countering that gas and liquids price are not same. Such steps are taken to increase the profitability by selling industrial gases to other countries.

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Market Segmentation

Company Profiles

Attribute

Details

Market Size in 2022

USD 2201.26 Million

Market Size in 2028

USD 2986.17 Million

Growth Rate

4.96%

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Product Type

Mode Of Distribution

Regional scope

Northern & Central, Western, Southern, Eastern

Key companies profiled

Linde-SIGAS, Air Products and Chemicals, Inc., Abdullah Hashim Industrial Gases &Equipment Co.Ltd, Gulf Cryo Saudi, Saudi Basic Industries Corporation (SABIC), Aldakheel Industrial Gases Plant (DIGAS), Jubail Gas Plant Co, Ltd., ACWA Holding, Taiyo Nippon Sanso Corporation, Barrack Industrial Gases Factory.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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