Middle East Industrial Gases Market Set to Grow at 4.72% CAGR, Reaching USD 12.68 Billion by 2032

As per MarkNtel Advisors the Middle East Industrial Gases Market size is valued at around USD 10.06 billion in 2025 and is projected to reach USD 12.68 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 4.72% during the forecast period, i.e., 2026-32.

Middle East Industrial Gases Market Systems Market Key Takeaways:

• Large-scale hydrogen projects in the region are creating new, large demand streams for hydrogen and for associated air separation products such as nitrogen and oxygen. The NEOM Green Hydrogen project reached financial close at USD8.4 billion and is designed to produce up to 600 tonnes of green hydrogen per day using 4 GW of renewable power. This project also includes long-term offtake and EPC arrangements that explicitly cover supply chains for nitrogen and related industrial gas services.
• Major industrial gases players reported measurable revenue growth in the region in 2024, which demonstrates rising demand for merchant and onsite gases. Air Liquide reported that its Middle East and Africa industrial merchant revenue rose by 10.5% to USD310 million in the first quarter of 2024, reflecting stronger sales across all business lines. This growth rate provides a near-term benchmark for merchant gas demand expansion.

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Middle East Industrial Gases Market Systems Market Segmentation:

By Gas

• Nitrogen – Market Size & Forecast 2020-2032, USD Million
• Oxygen – Market Size & Forecast 2020-2032, USD Million
• Carbon dioxide – Market Size & Forecast 2020-2032, USD Million
• Argon – Market Size & Forecast 2020-2032, USD Million
• Hydrogen – Market Size & Forecast 2020-2032, USD Million
• Helium – Market Size & Forecast 2020-2032, USD Million
• Acetylene – Market Size & Forecast 2020-2032, USD Million
• Others – Market Size & Forecast 2020-2032, USD Million

By Application

• Combustion and process oxygen – Market Size & Forecast 2020-2032, USD Million
• Welding and metal fabrication – Market Size & Forecast 2020-2032, USD Million
• Inerting blanketing and heat treating – Market Size & Forecast 2020-2032, USD Million
• Cryogenics and liquefaction – Market Size & Forecast 2020-2032, USD Million
• Chemical synthesis and hydrogenation – Market Size & Forecast 2020-2032, USD Million
• Purging and purifications – Market Size & Forecast 2020-2032, USD Million
• Analytical and calibration – Market Size & Forecast 2020-2032, USD Million

By Supply Mode

• Packaged Gas Supply (Merchant Sales) – Market Size & Forecast 2020-2032, USD Million
• Bulk or Liquid Gas Supply – Market Size & Forecast 2020-2032, USD Million
• Onsite Generation or Pipeline Supply – Market Size & Forecast 2020-2032, USD Million
• Gas-as-a-Service Model – Market Size & Forecast 2020-2032, USD Million

By End-User Industry

• Oil and Gas – Market Size & Forecast 2020-2032, USD Million
• Petrochemicals and Chemicals – Market Size & Forecast 2020-2032, USD Million
• Power and Energy – Market Size & Forecast 2020-2032, USD Million
• Mining, Steelmaking, Metals – Market Size & Forecast 2020-2032, USD Million
• Healthcare – Market Size & Forecast 2020-2032, USD Million
• Food and Beverages – Market Size & Forecast 2020-2032, USD Million
• Fertilizers – Market Size & Forecast 2020-2032, USD Million
• Others – Market Size & Forecast 2020-2032, USD Million

By Region

• Qatar
• United Arab Emirates (UAE)
• Saudi Arabia
• Kuwait
• Oman
• Others

Middle East Industrial Gases Market Recent Development:

• June 25, 2024

Japan-based Mitsui announced it will build a low-carbon ammonia plant at Al Ruwais in the UAE with partners TA’ZIZ and Fertiglobe, and GS Energy. The facility is planned to produce 1.0 million metric tons of ammonia per year with CO2 capture and storage incorporated to reduce lifecycle emissions, creating a significant new regional outlet for hydrogen feedstock and affecting industrial gases flows linked to ammonia and hydrogen markets.

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Middle East Industrial Gases Market Drivers:

Expanding Petrochemical Industry

The Middle East petrochemicals market is projected to grow from USD16.55 billion in 2024 to USD29.46 billion by 2033 at a CAGR of 6.7%. This calls for ultra-high purity gases for cracking, reforming, and catalysis. To reduce logistics cost and impurity risk, chemical complexes prefer onsite gas generation or captive plants. For instance, major refiners are awarding multi-year contracts for on-site oxygen and hydrogen plants to meet purity thresholds above 99.999%. The expansion of downstream refineries under Saudi Arabia’s Vision 2030 and ADNOC’s Derivatives Park is driving continuous consumption of industrial gases in reformers and polymer units. As facilities aim for energy efficiency and emission compliance, the reliance on controlled gas inputs is increasing across the Gulf’s refining corridors.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Middle East Industrial Gases Market are:

• Abdullah Hashim Industrial Gases
• ADNOC Industrial Gas
• Buzwair Industrial Gases
• Dubai Industrial Gases
• Gulf Cryo
• Gulf Industrial Gases Company
• Jordan Gases Company
• Naga Gases
• National Industrial Gas Plants
• Yateem Oxygen
• Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonisation, enhance energy resilience, and ensure sustainable growth across global markets.

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