Saudi Arabia Industrial Gases Market Size & Insights

According to MarkNtel Advisors study The future of Saudi Arabia Industrial Gases Market size was valued at around USD 1.64 Billion in 2025 and is expected to reach USD 2.8 Billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.48% during the forecast period, i.e., 2026-32.  

What are the Key Driver in the Saudi Arabia Industrial Gases Market?

Expansion of Petrochemical Industry Driving Market Growth – The market growth is driven by the rapidly increasing petrochemical industry in the country due to a strong base of natural oil & gas reserves in Saudi Arabia. For instance, as of 2025, the capacity of this industry is more than 74 million tons per year, which is further projected to double and reach up to 140 million tons per year in Saudi Arabia. Additionally, petrochemical industries require a large amount of industrial gases in many processes, like refining, oxidation, and purging. As a result, these companies are collaborating with the industrial gas manufacturers to fulfil the rising demand.

For instance, Saudi Aramco and TotalEnergies are together building a production unit called the Amiral complex in Jubail to produce ethylene gas with an annual production capacity of about 1.5 million tons. Similarly, a well-established petrochemical company called Spichem (2020) partnered with an industrial gas manufacturing company called Linde PLC, which focuses on supplying various gases, including syngas, carbon monoxide, hydrogen, etc., to the chemical plants for refining purposes, thus augmenting the size & volume of the Saudi Arabian Industrial Gases Market.

What are the Key Segments in the Saudi Arabia Industrial Gases Market?

The Saudi Arabia Industrial Gases is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Product Type
• Oxygen- Market Size & Forecast 2020-2032, USD Million
• Nitrogen- Market Size & Forecast 2020-2032, USD Million
• Carbon Dioxide- Market Size & Forecast 2020-2032, USD Million
• Hydrogen- Market Size & Forecast 2020-2032, USD Million
• Argon- Market Size & Forecast 2020-2032, USD Million
• Acetylene- Market Size & Forecast 2020-2032, USD Million
• Helium- Market Size & Forecast 2020-2032, USD Million
• Others- Market Size & Forecast 2020-2032, USD Million
• By Distribution Channel
• Tonnage- Market Size & Forecast 2020-2032, USD Million
• Bulk & Cylinder- Market Size & Forecast 2020-2032, USD Million
• Packaged- Market Size & Forecast 2020-2032, USD Million
• On-Site Supply- Market Size & Forecast 2020-2032, USD Million
• By End-User
• Manufacturing- Market Size & Forecast 2020-2032, USD Million
• Metallurgy & Glass- Market Size & Forecast 2020-2032, USD Million
• Energy & Chemicals - Market Size & Forecast 2020-2032, USD Million
• Healthcare- Market Size & Forecast 2020-2032, USD Million
• Food & Beverages- Market Size & Forecast 2020-2032, USD Million
• Electronics- Market Size & Forecast 2020-2032, USD Million
• Others

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How does geographical analysis highlight in the Saudi Arabia Industrial Gases market?

·       By Region

• North
• East
• South
• West
• Central

Who are the Key Players in Saudi Arabia Industrial Gases Market?

• Air Liquide Arabia / Air Liquide S.A.
• Linde PLC / Linde Saudi Industrial Gas Company (SIGAS)
• Air Products & Chemicals, Inc. / Air Products Qudra
• Saudi Basic Industries Corporation (SABIC)
• Abdullah Hashim Industrial Gases & Equipment Co. Ltd
• Aldakheel Industrial Gases Plant (DIGAS)
• Gulf Cryo Saudi
• Jubail Gas Plant Co. Ltd.
• ACWA Holding
• Taiyo Nippon Sanso Corporation
• Barrak Industrial Gases Factory
• Arab Industrial Gases Company

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Saudi Arabia Industrial Gases Market News

2024: Linde PLC partnered with Aramco and SLB to build one of the world’s biggest carbon capture and storage (CCS) hubs in Jubail, Saudi Arabia. The project will help reduce industrial carbon emissions by capturing up to 9 million tons of CO₂ every year. Phase 1 of the hub is expected to begin operations by the end of 2027.

2024: Air Products Qudra signed an agreement on July 16, 2024, to sell a 50% stake in its Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) to Saudi Aramco. BHIG will produce low-carbon “blue hydrogen” using natural gas and carbon capture technology. As part of the deal, Aramco will have the option to receive hydrogen and nitrogen through pipelines, supporting cleaner energy goals in Saudi Arabia.

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·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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