Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas applications are driving change in the Middle East market.
The region is attracting increased interest and investment in the core industrial sectors, while emerging end-users in healthcare, water treatment and food processing are driving a second wave of growth across the Middle East. Coupled with the recent re-engagement of the Iranian market in international business, and there looks to be a bright gases future in this geography.
This picture of health is on the one hand mitigated by both the slump in oil prices over the last 18 months and widespread political instability, but is, on the other hand, further boosted by two key opportunities: the potential conversion of large captive markets throughout the region; and migration away from the reliance on oil to downstream products.
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