As per MarkNtel Advisors the 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. The Saudi Arabia Industrial Gases Market is significantly growing due to several growth factors, including the rising oil and gas industries in the country, due to a well-established base for such industries, the growing investments through government and public sectors in the development of their infrastructure, and the widespread adoption of advanced technologies such as smart management systems, AI features, and IoT sensors.

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Saudi Arabia Industrial Gases Market Systems Market Segmentation:

• 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
• By Region
  • North
  • East
  • South
  • West
  • Central

Saudi Arabia Industrial Gases Market Recent Development:

• 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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Saudi Arabia Industrial Gases Market Drivers:

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.

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Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Saudi Arabia Industrial Gases Market are:

• 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
• Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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