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%.
Report Data: 2017
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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