Economic shift, projects prompt Saudi, UAE to lead $1bln industrial gas market | ZAWYA MENA Edition:
Saudi Arabia has emerged as the frontrunner of GCC industrial gases market, thanks to increasing infrastructural activities and rising demand from the regional chemical industry.
On the basis of geographical outlook, the kingdom is seen as a significant market for industrial gases and is expected to grow at a compounded annual growth rate (CAGR) of 6 percent, according to a research report by Persistence Market Research (PMR) on GCC industrial gases market outlook and analysis for 2019-2029.
The GCC industrial gases market is likely to account for $1 billion by end of 2019 and is expected to grow at a CAGR of 6 percent for the forecast period.
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