PUBLISHER: Grand View Research | PRODUCT CODE: 1842010
PUBLISHER: Grand View Research | PRODUCT CODE: 1842010
The Middle East industrial gases market size was estimated at USD 9,907.04 million in 2024 and is projected to reach USD 17,163.71 million by 2033, growing at a CAGR of 6.4% from 2025 to 2033. Growing industrialization, particularly in emerging economies, coupled with rising demand for energy-efficient and sustainable processes, has bolstered the market's expansion.
The market is a critical enabler of manufacturing, processing, and healthcare industries worldwide, supplying gases such as oxygen, nitrogen, hydrogen, argon, and carbon dioxide. These gases are utilized across diverse applications, including steel production, chemical processing, electronics, food and beverage, and medical care. One of the key market drivers is the accelerating demand for cleaner energy and decarbonization initiatives, where hydrogen is gaining prominence as a fuel for fuel-cell vehicles and industrial energy transition. Likewise, rising consumption of nitrogen in the food and beverage industry for packaging and preservation, and oxygen in steelmaking and wastewater treatment, reinforces steady demand across established industries. The electronics sector also plays a vital role, with high-purity gases essential in semiconductor manufacturing, which is experiencing rapid growth due to digitization and electrification trends.
Another major driver shaping the market is technological innovation in gas production, storage, and distribution. Companies are investing in advanced air separation technologies, on-site generation systems, and renewable-powered electrolysis for green hydrogen, aligning with global sustainability goals. Moreover, the increasing adoption of industrial gases in healthcare facilities, metal fabrication, oil and gas, and specialty applications fosters new opportunities. Collectively, these trends position industrial gases as a foundational element of industrial ecosystems, with steady long-term growth expected despite short-term challenges related to energy costs and raw material supply chain disruptions.
Middle East Industrial Gases Market Report Segmentation
This report forecasts volume & revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East industrial gases market report based on product, application, and country: