Middle East Industrial Gas Market Report 2017

Middle East Industrial Gas Market Report 2017

  • October 2017 •
  • 49 pages •
  • Report ID: 5161742 •
  • Format: PDF
The Middle East’s industrial gas market was the fifth largest in the world. It currently has about 4.7% share of the global industrial gas market. The market in the Middle East grew at a CAGR of 1.3% in the historic period and is expected to grow at a CAGR of 5.3% in the forecast period. This is mainly due to the presence of a large number of oil and gas companies, electronics and pharmaceuticals manufacturing companies, which is driving the demand for the industrial gases in the region.

Nitrogen was the largest segment in the industrial gas market with around 29% share of the market. Nitrogen had the largest segment share in the Middle East due to demand from the largest oil and gas industry that uses nitrogen in the extraction of oil and gas. Oxygen was the second largest segment with around 28% share of the industrial gas market. Carbon Dioxide was the third largest segment with around 11% share of the industrial gas market.

Increase in Global Industrial Gas Mergers and Acquisitions (M&A)
Global industrial gas mergers and acquisitions (M&A) are expected to increase in the coming years, building on a strong year of activity in 2016 and 2015 where companies like Air Liquide, Praxair acquired other companies at high values. For example, Air Liquide acquired Air Gas for $10.3 billion in May 2016. Industrial gas companies are continuing to realign portfolios and pursue profitable inorganic growth opportunities. In addition, M&A interest is likely to be fueled by stronger corporate balance sheets, liquid debt markets, and continued favorable interest rates.
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