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Middle East Industrial Gas Market Drivers, Challenges, Key Companies by 2027

The Middle East industrial gas market is estimated to observe exponential growth by 2027 primarily driven by the increased adoption of industrial gases across the region.

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Middle East Industrial Gas Market Drivers, Challenges, Key Companies by 2027

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  1. Middle East Industrial Gas Market size worth over USD 4.5 billion by 2027 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Graphene Market: • The Middle East industrial gas market is estimated to observe exponential growth by 2027 primarily driven by the increased adoption of industrial gases across the region. The Middle East industrial gas market has been segmented on the basis of product type, application, supply mode, and country. • In terms of product type, the market has further been bifurcated into nitrogen, carbon dioxide, oxygen, hydrogen, argon, helium, and specialty gases. • The hydrogen industrial gas sub-segment is expected to reach USD 482.3 million by 2027. Increasing focus of manufacturers on strengthening the regional hydrogen economy is expediting market adoption, thereby facilitating segmental growth in the coming years.

  3. Continued... • For instance, in January 2021, three Abu Dhabi-based companies Mubadala Investment Company (Mubadala), ADQ, and The Abu Dhabi National Oil Company (ADNOC) founded the Abu Dhabi Hydrogen Alliance. • The three partners inked the agreement to establish Abu Dhabi as a reliable supplier of low-carbon blue and green hydrogen in emerging international markets. The partnership is expected to develop a robust green hydrogen economy in the United Arab Emirates (UAE). • The Alliance has been created with the aim to formulate a plan to boost hydrogen adoption and usage in key applications, such as utility, industrial, and mobility, across the UAE through their own companies and jointly with global players.

  4. Based on application, the market has been divided into manufacturing, energy, metallurgy, healthcare, chemicals, and other. • The metallurgy sub-segment is expected to reach USD 667.9 million by 2027 and is anticipated to foster industry outlook through the assessment timeframe. Advancements in metallurgical technologies are impelling market demand in the region and is likely to boost segmental growth in the coming years. • Browse key industry insights spread across 160 pages 101 market data tables and 35 figures & charts from the report. “Complex Inorganic Color Pigments Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/middle-east-industrial-gas-market • From the supply mode perspective, the market has been categorized into packaged, bulk, and on-site. The packaged supply mode sub-segment is estimated to expand at a CAGR of 6.5% over the forecast period.

  5. Continued... • Based on country, the Middle East industrial gas market has been divided into Saudi Arabia, Qatar, UAE, RoME, Oman, Bahrain, and Kuwait. • The Qatar industrial gas market is anticipated to grow at a sizable CAGR of 6.8% over the forecast period. The Oman industrial gas market is expected to deliver a 7.2% CAGR through the analysis timeframe to reach a valuation of USD 143.1 million by 2027. • The Bahrain industrial gas market is estimated to be valued at USD 73.44 million by 2027, exhibiting steady growth through the forecast period. The RoME is speculated to deliver a 6.6% CAGR through the coming years to garner a sizable revenue by 2027. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5053

  6. Table OF Content Chapter 1 Methodology & Scope 1.1 Market definitions 1.2 Base estimates & calculations 1.3 Forecast calculations 1.4 Data Sources 1.4.1 Primary 1.4.2 Secondary 1.4.2.1 Paid Sources 1.4.2.2 Public Sources Chapter 2 Executive Summary 2.1 Middle East industrial gas market industry 3600 synopsis, 2016 - 2027 2.1.1 Business trends 2.1.2 Type trends 2.1.3 Application trends 2.1.4 Supply Mode trends 2.1.5 Country trends

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