
The GCC industrial gases market is anticipated to grow from US$ 783.7 Mn in 2015 to US$ 1,270.1 Mn by 2022, expanding at a CAGR of 7.3% in terms of revenue during the forecast period (2016-2022). In this report, the GCC industrial gases market is tracked in terms of volume consumption, and is calibrated to obtain the market revenue estimates by multiplication of weighted average prices. Increasing demand from various end-use industries such as metals and metallurgy, medical & healthcare, welding & metal fabrication, automotive & aerospace, refining, chemicals, pulp & paper etc. is anticipated to drive growth of the GCC industrial gases market over the forecast period. Growing infrastructural development, with government's focus to reduce economic dependency on oil & gas sector and in line with key regional events such as Dubai Expo 2020 and FIFA World Cup 2022, Qatar, are further expected to push the demand for industrial gases in the GCC region over the forecast period.