The widespread application in the chemical industries is expected to drive the UAE Industrial Gases Market during 2024-30.
According to MarkNtel Advisors study, The UAE Industrial Gases Market size was valued at USD 872 million in 2023 and is expected to reach USD 1.31 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.07% during the forecast period, i.e., 2024-30.
Semiconductors are made using industrial gases since nitrogen & oxygen help in shaping up their electrical properties. Therefore, the increasing requirement for semiconductors in a wide range of industries, like automotive & electronics is leading to their higher production, consequently ramping up the industrial gas demand.
Further, in recent years, the sales of smartphones & PCs in the UAE have increased significantly. As per the statistics by the Gulf Council Corporation (GCC), more than 5.38 million mobile phones were sold in the UAE during Q1 of 2021 and the shipments of smartphones in the UAE reached 1.1 million in 2022, which is an increase of about 7% compared to the previous year. Therefore, to cater to the growing demand for electronic products, several foreign manufacturers are establishing their units in the UAE. This would pose an opportunity for the industrial gas companies to supply different gases to these units, thus enlarging the market size.
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Market Growth Driver: The immense utilization of chemicals in a vast range of industries, like pharmaceuticals, Oil & Gas, Consumer Care, etc., has led to the development of several chemical manufacturing bases in the UAE. These chemical companies require a wide range of industrial gases to carry out the production of various complex compounds, thus driving market growth.
Moreover, the chemical industries play a major part in boosting the UAE’s overall economic growth. The Industrial Development Bureau stated that the chemicals sector emerged as one of the largest manufacturing sectors and contributed to around 53% of the entire Abu Dhabi’s GDP. Accordingly, to improve the financial position, the country’s administrative authorities are ramping up chemical production. As per the government reform, the aim is to increase the chemical production capacity to 14.4 million tons per annum by 2024, which would continue to drive the need for industrial gases in the forthcoming years as well.
UAE Industrial Gases Market Key Players:
Air Products & Chemicals, Inc., Linde Group, Gulf Cryo, Dubai Industrial Gases, ADNOC Gas, Brothers Gas, Atlas Copco, Emirates Industrial Gases Company L.L.C, Others
Market Segmentation Overview:
By Type
-Nitrogen
-Oxygen
-Carbon dioxide
-Hydrogen
-Argon
-Acetylene
-Others (Helium, Methane, Ammonia, etc.)
Carbon Dioxide holds a notable market share in the UAE Industrial Gases Market. Carbon dioxide is available in three different forms and can be utilized as solid, liquid, and gas, making it a suitable refrigerant and preferable for the industries of Electronics, F&B, Data Centres, etc. Along with this, carbon dioxide is extensively used as an inert gas within chemical processing units since it is one of the common feedstocks for the synthesis of various polymers. Moreover, the application of carbon dioxide within the metal industry due to its attributes, which provide hardness to casting molds further drives its demand.
Additionally, this gas is widely used within the agriculture greenhouse since it facilitates plant growth. Therefore, the growing focus on agriculture & setup of the various agricultural farms in the UAE would continue to enhance the carbon dioxide segment’s share in the forecast years.
By Supply Mode
-Packaged Cylinders
-Bulk Delivery
-Onsite Production
-Pipeline
By End User
-Healthcare
-Chemicals
-Electronics
-Food and Beverage
-Metallurgy
-Oil and Gas
-Energy
-Others
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By Region
- Dubai
- Abu Dhabi & Al Ain
- Sharjah & Northern Emirates
The UAE Industrial Gases Market Recent Development
2024: ADNOC Gas announced an investment of around USD 13 billion to leverage AI and other digital technologies to upgrade their domestic production unit and improve industrial gas yield.
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