Saudi Arabia Industrial Gases Market to Grow with a CAGR of 5.31% through 2030
Rising demand from energy sector is expected to drive Saudi Arabia Industrial Gases Market during the forecast period, 2026-2030F.
According to
TechSci Research report, “Saudi
Arabia Industrial Gases Market - By Region, Competition, Forecast &
Opportunities, 2030F”, the Saudi Arabia Industrial Gases Market was valued
at USD 1.28 Billion in 2024 and is expected to reach USD 1.75 Billion by 2030
with a CAGR of 5.31%.
Technological
advancements in the Saudi Arabia Industrial Gases Market are accelerating,
emphasizing efficiency, sustainability, and digital integration. Air separation
units have evolved with membrane and pressure swing adsorption technologies,
reducing energy use in nitrogen and oxygen production. IoT-enabled systems,
adopted by Linde, allow real-time monitoring of gas purity and flow, minimizing
leaks and optimizing distribution in petrochemical plants. Green hydrogen
electrolysis, powered by renewables, is prominent in projects like NEOM, where
Air Products integrates solar-driven electrolyzers for emission-free
production.
Carbon
capture utilization and storage (CCUS) advancements incorporate advanced
solvents and membranes for CO2 separation, supporting SEPA's emission goals.
KACST's research on nanomaterials enhances gas selectivity, improving argon and
helium recovery from natural gas fields. Digital twins simulate production
processes, as seen in Aramco's facilities, predicting maintenance needs and
boosting reliability. On-site generation units, modular and scalable, reduce
transportation costs for remote sites. These innovations, aligned with IKTVA,
foster local expertise and position Saudi Arabia as a leader in sustainable
gases.
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The Saudi Arabia
Industrial Gases Market is segmented into product type, mode of distribution, regional
distribution, and company
Based
on product type, the oxygen segment is expected to dominate the Saudi Arabia
Industrial Gases market throughout the forecast period. This dominance is
driven by the extensive demand for oxygen across key industries such as
healthcare, petrochemicals, steel manufacturing, and water treatment. The
growing healthcare sector, particularly due to increased medical oxygen
requirements, significantly fuels market growth. Additionally, oxygen plays a
crucial role in industrial processes like combustion, oxidation, and chemical
synthesis, further sustaining its high demand. Continued investments in
infrastructure and advancements in production technologies are also enhancing
oxygen supply capabilities, solidifying its leading position in the Saudi
Arabian industrial gases market over the coming years.
Based
on region, the Eastern region has emerged as the fastest-growing region in the
Saudi Arabia Industrial Gases market, driven by its status as the country’s
primary hub for oil and gas production, petrochemical industries, and heavy
manufacturing. The region’s expanding industrial base, coupled with substantial
investments in energy infrastructure and diversification projects under Vision
2030, is fueling increased demand for industrial gases. The Eastern region
benefits from well-developed logistics and proximity to major export ports,
facilitating efficient distribution and export of gases. The growing need for
advanced gas applications in refining, chemical processing, and emerging clean
energy initiatives also contributes to the rapid market growth in this region.
Major companies
operating in the Saudi Arabia Industrial Gases Market are:
- 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
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“Growth is driven by oil and gas sector
expansions and rising healthcare demand, with oxygen and nitrogen dominating by
type. Metallurgy leads application usage, while hydrogen emerges as the
fastest-growing segment. Key challenges include high energy costs, though
trends in green hydrogen adoption and IoT-enabled gas management are reshaping
the landscape”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“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,”,
has evaluated the future growth potential of Saudi Arabia Industrial Gases
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Industrial
Gases Market.
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