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FINANCIAL NEWS
GCC industrial gases market to grow by 7.3pct
27 Dec 2016
(MENAFN) The GCC industrial gases market will increase at 7.3 percent GACR amid the forecast period of 2016-2022 and will reach USD1.270.1mn in incomes.
Furthermore, consumption of industrial gases in GCC will hit 3.75mn tons in 2016, viewing an increase of 5.4 percent over last year.
Meanwhile, Saudi Arabia will continue to be the largest consumer of industrial gases this year, accounting for an income share of 46.8 percent this year.
Amid all gas types, oxygen will continue to account for leading market revenue share in 2016, owing to high consumption in chemicals, petrochemicals and others.
M
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