According to the recent research report titled ‘Middle East Industrial Gas Market Size By Type, By Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare), By Supply Mode (Packaged, Bulk, On-Site), Industry Analysis Report, Country Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021-2027’, available with Market Study Report, Middle East industrial gas market is expected to showcase appreciable growth trend over 2021-2027.
 

Surging demand from energy application sector and steel manufacturing industry, along with expanding healthcare vertical are propelling Middle East industrial gas market growth.
 

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Considering restraints, strict regulations against harmful emissions is likely to hamper the remuneration scale of the industry.
 

Based on type, hydrogen segment is projected to amass USD 482.3 million by the year 2027, owing to manufacturers emphasizing on strengthening the regional hydrogen economy. In fact, the Abu Dhabi Hydrogen Alliance was founded in January 2021 by three Abu Dhabi-based companies: The Abu Dhabi National Oil Company (ADNOC), ADQ (Abu Dhabi Development Holding Company), and Mubadala Investment Company (Mubadala). The alliance aims to develop a strategy to increase hydrogen adoption and usage in critical applications such as utility, industrial, and transportation in the UAE, both through their own businesses and in collaboration with global players.
 

Meanwhile, Middle East industrial gas market share from helium segment is projected to record 6.6% CAGR over 2021-2027, subsequently reaching USD 47.61 million valuation by the end of the forecast period.
 

As per application spectrum, metallurgy segment is anticipated to be valued at USD 667.9 million by 2027, owing to advancements in metallurgic technologies. Moving on to supply mode, packaged segment is predicted to expand at 6.5% CAGR over the assessment period.
 

Geographically, Qatar industrial gas industry size is projected to bolster at a CAGR of 6.8% between 2021 and 2027, while Oman market is expected to register a compound annual growth rate of 7.2%, subsequently amassing USD 143.1 million valuation by the year 2027.
 

The Bahrain market is anticipated to accrue USD 73.44 million by 2027, while Rome industry is estimated to multiply at a CAGR of 6.6% over the same study period.
 

Major contenders operating in Middle East industrial gas market sphere are Buzwair Industrial Gases Factories, Air Liquide S.A., Gaschem Kuwait, Dubai Industrial Gases (DIG), Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG), Brothers Gas Bottling & Distribution Co. LLC, Sipchem (Sahara International Petrochemical Company), Linde plc, SABIC (Saudi Basic Industries Corporation), and Gulf Cryo.