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The commercial industrial gases market in Iran is estimated to have generated revenues of $280 million in 2016. This is an increase from $100 million in 2006, indicating an average annual growth rate of 10.5% p.a.
The rate GDP has experienced large periods of double digit growth over the past decade. However, the rate of GDP declined drastically by -33% in 2012. This was followed by a slight recovery and then further decline in 2015 of -9.8%. Marginal growth returned in 2016, at under 1%.
Published: 2018
Report Data: 2017
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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Related Articles
NewsExclusive: Time for Iran
When The Linde Group and local player Delvar Afzar Industrial Gases announced their collaboration in a new joint venture (JV) in mid-January, it signalled the dawn of a new era in Iran’s industrial gases industry.
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Regional markets: Focus on Iran, Iraq and the GCC
Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas trends and technologies are driving change in the Middle East. What better time to explore the dynamics of the Iranian, Iraqi and GCC markets as part of a wider new industrial gas frontier?
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gasreport: Middle East - Iraq
The commercial industrial gases market in Iraq is estimated to have generated revenues of $35 million in 2016. This is an increase from $15 million in 2005, indicating an average annual growth rate of 8.6% p.a.
