Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.6% p.a. in a low scenario to 11.1% p.a. in a high scenario. Accordingly, the industry in Qatar is expected to achieve revenues of between $115m to $170m by 2023.
The industrial gases business in Qatar was valued at $101m in 2018. The industrial gas market continued to outperform the domestic economy and industrial production, with year on year growth averaging 11.1% p.a. between 2008 and 2018.
Between 2008-2018, GDP in Qatar grew by an average of 9.5% p.a. The economy has experienced good growth in this period.
Published: 2020
Report Data: 2019
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