Selbyville, Delaware, July 13, 2022 (GLOBE NEWSWIRE) —
GCC industrial gas market value is expected to reach USD 3.5 billion by 2030, according to a new research report by Global Market Insights Inc. Rising consumer focus on modern storage and packaging coupled with numerous benefits offered by product such as supporting the metallurgical combustion processes and effective chemical synthesis contribute to the overall market expansion.
The growing demand for industrial gases from a range of application industries including manufacturing, metallurgy, energy, chemicals, and healthcare, is projected to boost the market growth over the forecast period.
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Bulk supply of industrial gases witnesses a significant CAGR owing to the rising use of crude oil due to stringent emission standards has led to increased demand for hydrogen to remove Sulphur from crude oil to improve quality which should augment market revenue. Vast energy and mineral resources in GCC region are key factors driving chemical industry which is anticipated to strengthen the hydrogen gas segment demand.
Some major findings of the GCC industrial gas market report include:
- Rapid advancements in technical and chemical processes in the manufacturing sectors in the GCC will support the business expansion.
- Significant presence of key manufacturers and suppliers of industrial gases catering to the consumers…
