Industrial Gases Market in Saudi Arabia to reach US$ 1.6 billion by 2021
Industrial gases are often used as process enhancers due to their physical and chemical properties. Crude oil production and exports are the largest contributors to the GDP of Saudi Arabia. The government has formulated plans to become second largest exporter of refined oil products in the world by 2017, and has opened the sector for private investments. With growing developments in petrochemical and refinery infrastructure, the demand for industrial gases is anticipated to increase at a robust pace during 2016 2021.
According to Saudi Arabia Industrial Gases Market By Type, By End User, Competition Forecast and Opportunities, 2011 2021, the industrial gases market size in Saudi Arabia is anticipated to cross US$ 1.6 billion by 2021. Growing demand from various end user industries such as refinery, metallurgy, food & beverage, paper & pulp, etc., coupled with implementation of favorable government policies are projected to increase demand for industrial gases in Saudi Arabia during 2016 - 2021. The leadings players operating in the market includes National Industrial Gases Company, Air Liquide, Linde, Praxair and many more. Furthermore, huge investments in Saudi Arabia for capacity additions at existing end user facilities coupled with launch of new projects is anticipated to further boost the Saudi Arabia industrial gases market through 2021. Saudi Arabia Industrial Gases Market By Type, By End User, Competition Forecast and Opportunities, 2011 2021 discusses the following aspects of industrial gases market in Saudi Arabia:
Saudi Arabia Industrial Gases Market Size, Share & Forecast
Segmental Analysis By Type (Oxygen, Nitrogen & Argon); and By Usage (Gaseous & Liquid)
Policy and Regulatory Landscape
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with industrial gas producers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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