Egypt
industrial gases market is expected to grow at a significantly high rate during
the forecast period, owing to growing demand from chemicals and healthcare.
The industrial gases market in Egypt is a rapidly
growing industry that is driven by the country's economic growth and increasing
demand from various sectors. Industrial gases such as oxygen, nitrogen, and hydrogen
are widely used in the manufacturing, healthcare, food and beverage, and
chemical industries. All gases have different characteristics which make them beneficial
to use in different applications.
The market for industrial gases in Egypt is dominated by
multinational companies such as Air Liquide, Linde Group, and Praxair, which
have a strong presence in the country. These companies provide a wide range of
products and services including on-site gas production, gas distribution, and
gas equipment in the region.
Growing
Demand from Healthcare Sector is Driving Egypt Industrial Gases Market Growth
Egypt's
healthcare sector is rapidly growing, with the government investing heavily in
expanding healthcare infrastructure and increasing access to medical services
for its citizens. This growth has had a significant impact on the industrial
gases market in Egypt, with an increasing demand for medical gases such as
oxygen, nitrogen, and helium.
According to
the Ministry of Health and Population in Egypt, the government has allocated approximately
USD 8 billion for the healthcare sector in its 2021-2022 budget, representing a
21% increase compared to the previous year. This
investment is aimed at improving the quality of care provided to patients and
increasing access to medical services, particularly in underserved areas. The healthcare
sector as a major driver of the Egypt industrial gases growth, with a rising
demand for medical gases due to the increasing prevalence of chronic diseases
such as COPD, asthma, and cardiovascular diseases.
The
government has taken several steps to regulate the industrial gases market in
Egypt to ensure that medical gases are produced and distributed safely and
efficiently. The Egyptian Organization for Standardization and Quality (EOS)
has established standards for the production and distribution of industrial
gases, including medical gases, to ensure that they meet the required quality
and safety standards.
Furthermore,
the government has implemented policies to increase the production of medical
gases within the country to reduce dependence on imports. According to a
report by the World Trade Organization, Egypt is one of the largest importers
of medical gases in the world, with a significant proportion of its medical
gases imported from other countries. The government's policy of increasing
local production of medical gases is aimed at reducing the country's dependence
on imports and promoting local industry growth. All these efforts by the
government in the field of healthcare sector have positive impact on industrial
gases. Therefore, the growing healthcare sector in Egypt is having a
significant impact on the Egypt industrial gases market.
Growing
Demand from Healthcare Sector is Driving Egypt Industrial Gases Market
The Egypt
industrial gases market is expected to grow at a significantly high pace during
the forecast period, owing to the increasing demand for these gases from various
industries, including the chemical sector. Industrial gases such as oxygen,
nitrogen, hydrogen, and carbon dioxide are used in various chemical processes
such as gasification, refining, and synthesis. These gases are also used in the
production of fertilizers, plastics, and other chemicals.
The chemical
sector in Egypt has witnessed significant growth in recent years, owing to the
government's focus on industrialization and the diversification of the economy.
According to a report by the Chemicals and Fertilizers Export Council (CFEC),
the chemical sector in Egypt grew by 10.2% in 2020, reaching a total value of
USD 5.3 billion. The report also indicates that the sector is expected to
continue to grow at a rapid pace, driven by investments in new projects and
expansions of existing facilities.
As the
chemical sector continues to grow, the demand for industrial gases is expected
to increase significantly. The government has recognized the importance of this
sector and has taken several initiatives to support its growth. For instance,
the government has established the National Chemicals and Petrochemicals
Company to oversee the development of the chemical sector in Egypt. The
government has also implemented several policies aimed at promoting investments
in the sector, such as tax incentives and subsidies for new projects.
The
government has also been working to improve the infrastructure for the
production and distribution of industrial gases. For instance, the government
has invested in the expansion of the natural gas grid, which is a major source
of hydrogen and nitrogen. The government has also established several
industrial zones and parks that provide the necessary infrastructure for the
production and distribution of industrial gases. The government has recognized
the importance of this sector and has taken several initiatives to support its
growth. As the chemical sector continues to grow, the demand for industrial
gases is expected to increase significantly, creating opportunities for
companies operating in this market.
Increasing Applications of Industrial Gas in Food
Processing Industries
The Egypt industrial gases market is expected to
experience significant growth in the coming years, driven by the increasing
demand for these gases from various industries, including the food processing
industry. Industrial gases such as nitrogen, carbon dioxide, and oxygen are
widely used in the food processing industry for various applications, including
freezing, chilling, carbonation, and modified atmosphere packaging.
The food processing industry in Egypt has witnessed
significant growth in recent years, driven by the increasing demand for
processed food products. According to a report by the Ministry of Industry
and Trade, the food processing industry in Egypt is expected to register a CAGR
of 6.2% from 2021 to 2026. The report also indicates that the industry is
expected to reach a value of USD 25.6 billion by 2026.
As the food processing industry continues to grow, the
demand for industrial gases is expected to increase significantly. The
government has recognized the importance of this industry and has taken several
initiatives to support its growth. For instance, the government has established
the Food Safety Authority to oversee the development of the food processing
industry in Egypt. The government has also implemented several policies aimed
at promoting investments in the industry, such as tax incentives and subsidies
for new projects.
The government has been working to improve the
infrastructure for the production and distribution of industrial gases. For
instance, the government has invested in the expansion of the natural gas grid,
which is a major source of nitrogen and oxygen. The government has also
established several industrial zones and parks that provide the necessary
infrastructure for the production and distribution of industrial gases.
The growing food processing industry in Egypt is
expected to have a significant impact on the industrial gases market. The
government has recognized the importance of this industry and has taken several
initiatives to support its growth. As the food processing industry continues to
grow, the demand for industrial gases is expected to increase significantly,
creating opportunities for companies operating in this market. With the
government's support and favorable policies, the Egypt industrial gases market
is poised for significant growth during the forecast period.
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Recent Developments
- In
2018, the merger of Linde AG and Praxair Inc created the world's largest
industrial gases company, with a combined revenue of USD 28 billion. The
merger also had a significant impact on the Egypt market, as both
companies have a strong presence in the country.
- In
2019, Teyseer Group has acquired the Air Liquide Egypt to expand their brand
product portfolio and increase the profitability.. Teyseer Group is a
Qatar-based conglomerate with interests in various sectors, including
industrial gases. The acquisition of Air Liquide Egypt, which was
previously owned by Air Liquide, one of the world's leading industrial
gases companies. This Acquisition enabled Teyseer Group to expand its
presence in the Egypt market significantly.
Market Segmentation
Egypt Industrial Gases Market is
segmented based on product type and mode of distribution and application. Based on the product type, the
market is segmented into oxygen, nitrogen, carbon dioxide, hydrogen, argon, and helium.
Based on the mode of distribution, the market is divided into tonnage/gaseous,
bulk & cylinder, and packaged.
Company Profiles
Linde AG Egypt, Air Liquide SA
Egypt, Gulf Cryo Egypt, Taiyo Nippon Sanso Engineering Corp Egypt, Egyptian
International Gas Company (Gastec) are some of the key players in Egypt industrial
gases market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments covered
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·
Product Type
·
Mode of Distribution
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Regional scope
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Cairo, Alexandria,
Giza, Qalyubia, Port Said, Suez, and Rest of Egypt
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Key companies profiled
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Linde AG
Egypt, Air Liquide SA Egypt, Gulf Cryo Egypt, Taiyo Nippon Sanso Engineering
Corp Egypt, Egyptian International Gas Company (Gastec)
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
|
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs.
|
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt Industrial Gases market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- Egypt Industrial Gases
Market, By Product
Type:
- Oxygen
- Nitrogen
- Carbon Dioxide
- Hydrogen
- Argon
- Helium
- Egypt Industrial Gases Market, By Mode of Distribution:
- Tonnage/Gaseous
- Bulk & Cylinder
- Packaged
- Others
- Others
- Egypt Industrial Gases Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive landscape
Company Profiles: Detailed analysis of the major companies in Egypt
Industrial Gases market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
Egypt Industrial Gases Market is an
upcoming report to be released soon. If you wish an early delivery of this report
or want to confirm the date of release, please contact us at [email protected]