SAUDI ARABIA INDUSTRIAL GASES MARKET FORECAST AND OPPORTUNITIES 2018 – 2028 MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com
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2 S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 5. Demand-Supply Analysis 5.1 Production 5.2. Inventory 5.3. Import 5.4. Export 5.5. Demand-Supply Gap 6. Saudi Arabia Industrial Gases Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Product (Oxygen, Nitrogen, Carbon Dioxide, Hydrogen, Argon, Helium) 6.2.2. By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged) 6.2.3. By Region 6.2.4. By Company (2022) 6.3. Product Market Map 6.3.1. By Product Type 6.3.2. By Mode of Distribution 6.3.3. By Region
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3 S. No. Contents 7. Saudi Arabia Oxygen Market Outlook 7.1. Market Size & Forecast 7.1.1 By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Application (Metallurgy, Light Engineering Industry, Medical, Others) 7.2.2. By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged) 7.2.3. By Region 8. Saudi Arabia Nitrogen Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Application (Petrochemical, Pharma & Chemical Industry, Metallurgy, Others) 8.2.2. By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged) 8.2.3. By Region 9. Saudi Arabia Carbon Dioxide Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Application (Welding, Food & Beverages, Chemical & Petrochemical, Healthcare, Others) 9.2.2. By Mode of Distribution (Tonnage/Gaseous, Bulk & Cylinder, Packaged) 9.2.3. By Region
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4 S. No. Contents
Saudi Arabia Hydrogen Market Outlook
Market Size & Forecast
Value & Volume
Market Share & Forecast
Metal
Fuel
Atomic
Mode of Distribution
Region 11. Saudi Arabia Argon Market Outlook
Market Size & Forecast 11.1.1.
Value & Volume
Market Share & Forecast
of Distribution
Region
Saudi Arabia Helium Market Outlook
Market Size & Forecast
Value & Volume
Market Share & Forecast
Mode of Distribution
Cylinder,
Region
10.
10.1.
10.1.1. By
10.2.
10.2.1. By Application (Hydrogenation of Fats and Oils, Refinery, Chemical and Petrochemicals, Metallurgical &
Processing,
&
Power Generation, Others) 10.2.2. By
(Tonnage/Gaseous, Bulk & Cylinder, Packaged) 10.2.3. By
11.1.
By
11.2.
11.2.1. By Application (Welding, Metallurgy, Others) 11.2.2. By Mode
(Tonnage/Gaseous, Bulk & Cylinder, Packaged) 11.2.3. By
12.
12.1.
12.1.1. By
12.2.
12.2.1. By Application (Ballooning, MRI, Saturation Diving, NMR, Others) 12.2.2. By
(Tonnage/Gaseous, Bulk &
Packaged) 12.2.3. By
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5 S. No. Contents 13. Market Dynamics 13.1. Drivers 13.2. Challenges 14. Market Trends & Developments 15. Policy and Regulatory Landscape 16. Pricing Analysis 17. Saudi Arabia Economic Profile 18. Existing Capacities/Upcoming Capacities Analysis 19. Porter’s Five Forces Analysis 20. Competitive Landscape 19.1. Linde-SIGAS 19.2. Air Products and Chemicals, Inc. 19.3. Abdullah Hashim Industrial Gases &Equipment Co. Ltd 19.4. Gulf Cryo Saudi 19.5. Saudi Basic Industries Corporation (SABIC) 19.6. Aldakheel Industrial Gases Plant (DIGAS) 19.7. Jubail Gas Plant Co, Ltd. 19.8. ACWA Holding 19.9. Taiyo Nippon Sanso Corporation 19.10. Barrack Industrial Gases Factory 21. Strategic Recommendations 22. About Us & Disclaimer
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List of Figures
Figure No. Title
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Figure 1: Saudi Arabia Industrial Gases Market Size, By Value (USD Million), 2018-2028F
Figure 2: Saudi Arabia Industrial Gases Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 3: Saudi Arabia Industrial Gases Market Share, By Product Type, By Value, 2018-2028F
Figure 4: Saudi Arabia Industrial Gases Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 5: Saudi Arabia Industrial Gases Market Share, By Region, By Value, 2018-2028F
Figure 6: Saudi Arabia Industrial Gases Market Share, By Company, By Value, 2018-2028F
Figure 7: Saudi Arabia Industrial Gases Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2022
Figure 8: Saudi Arabia Industrial Gases Market Map, By Mode of Distribution, Market Size (USD Million) & Growth Rate (%), 2022
Figure 9: Saudi Arabia Industrial Gases Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022
Figure 10: Saudi Arabia Oxygen Market Size, By Value (USD Million), 2018-2028F
Figure 11: Saudi Arabia Oxygen Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 12: Saudi Arabia Oxygen Market Share, By Application, By Value, 2018-2028F
Figure 13: Saudi Arabia Oxygen Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 14: Saudi Arabia Oxygen Market Share, By Region, By Value, 2018-2028F
Figure 15: Saudi Arabia Nitrogen Market Size, By Value (USD Million), 2018-2028F
Figure 16: Saudi Arabia Nitrogen Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 17: Saudi Arabia Nitrogen Market Share, By Application, By Value, 2018-2028F
Figure 18: Saudi Arabia Nitrogen Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 19: Saudi Arabia Nitrogen Market Share, By Region, By Value, 2018-2028F
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List of Figures
Figure No. Title
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Figure 20: Saudi Arabia Carbon Dioxide Market Size, By Value (USD Million), 2018-2028F
Figure 21: Saudi Arabia Carbon Dioxide Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 22: Saudi Arabia Carbon Dioxide Market Share, By Application, By Value, 2018-2028F
Figure 23: Saudi Arabia Carbon Dioxide Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 24: Saudi Arabia Carbon Dioxide Market Share, By Region, By Value, 2018-2028F
Figure 25: Saudi Arabia Hydrogen Market Size, By Value (USD Million), 2018-2028F
Figure 26: Saudi Arabia Hydrogen Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 27: Saudi Arabia Hydrogen Market Share, By Application, By Value, 2018-2028F
Figure 28: Saudi Arabia Hydrogen Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 29: Saudi Arabia Hydrogen Market Share, By Region, By Value, 2018-2028F
Figure 30: Saudi Arabia Argon Market Size, By Value (USD Million), 2018-2028F
Figure 31: Saudi Arabia Argon Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 32: Saudi Arabia Argon Market Share, By Application, By Value, 2018-2028F
Figure 33: Saudi Arabia Argon Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 34: Saudi Arabia Argon Market Share, By Region, By Value, 2018-2028F
Figure 35: Saudi Arabia Helium Market Size, By Value (USD Million), 2018-2028F
Figure 36: Saudi Arabia Helium Market Size, By Volume (Thousand Tonnes), 2018-2028F
Figure 37: Saudi Arabia Helium Market Share, By Application, By Value, 2018-2028F
Figure 38: Saudi Arabia Helium Market Share, By Mode of Distribution, By Value, 2018-2028F
Figure 39: Saudi Arabia Helium Market Share, By Region, By Value, 2018-2028F
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Table 1: Saudi Arabia, Demand-Supply Analysis, By Volume (Thousand Tonnes), 2018-2028F
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List of Tables
Figure No. Title
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Table 2: Existing Capacities/Upcoming Capacities
Product Overview
Scope of Report
Product of Interest (POI): Industrial Gases
Industrial gases are comprised of elements, molecular compounds or mixtures. The most common industrial gases are oxygen, nitrogen, carbon dioxide, hydrogen and noble gases such as argon, neon, helium, etc. Industrial gases are used for a wide spectrum of industries, which include oil and gas, chemicals, petrochemicals, metals, fertilizers, nuclear power, electronics and aerospace. Technology like air separation plants refines air in a separation process, allowing the bulk manufacturing of many gases.
Market Segmentation
By Product Type
• Oxygen
• Nitrogen
• Carbon Dioxide
• Hydrogen
• Argon
• Helium
By Region
• North & Central
• Eastern
• Western
• Southern
Year Range
Review Period
2018 – 2021
Base Year
2022
Estimated Year
By Mode of Distribution
• Tonnage/Gaseous
• Bulk & Cylinder
• Packaged
2023
Forecast Period
2024 – 2028
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Product Overview
• Industrial gases are gases used in various industrial procedures and manufacturing procedures. These gases are used for fire fighting, cutting and welding, and as calibration gas, propellant, packaging gas and in the semiconductor industry.
Oxygen: Industrial Oxygen is produced by separating the air using a cryogenic distillation process or a vacuum swing adsorption process. Oxygen is used in steelmaking, metal refining and fabrication, in petroleum processing and paper manufacturing.
Hydrogen: Hydrogen is a chemical element that is also known for its alternative nature to methane. Hydrogen is majorly used in ammonia production, which is used to produce fertilizers. It is also used in oil refining, methanol production, steel production etc.
Nitrogen: Nitrogen is a colorless, odorless, nontoxic, and nonflammable gas that is generally inactive and non-reactive at room temperature. It must be firstly reacted to hydrogen for producing fertilizers. Nitrogen is a very important natural gas as it is also used to produce nitric acid, nylon, dyes and explosives which are used in mining industry.
Carbon Dioxide: This gas is widely used as an insufflation gas (blowing into the body cavity) in different minimally invasive surgical procedures such as laparoscopy, endoscopy, and arthroscopy, among others. Carbon dioxide is also used as refrigerant, for inflating life rafts and life jackets, blasting coal, foaming rubber and plastics and in carbonated beverages.
Argon: Argon is manufactured industrially through fractional distillation of liquid air. It is mostly used as an inert shielding gas in welding and other high-temperature industrial processes. It is also used in incandescent, fluorescent lighting, and other gasdischarge tubes.
Helium: Cryogenic technologies like the liquefaction of helium, helps in the manufacturing of helium which is used to provide an inert protective atmosphere for making fiber optics and semiconductors as well as for welding. It is also used to detect leaks, such as in car air-conditioning systems.
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Product Overview
• The industrial gas market consists of the sales of industrial gases by entities (organizations, sole traders or partnerships) that manufacture industrial organic and inorganic gases in compressed, liquid, and solid forms. Industrial gases are also referred to as bulk gases or commodity gases. The industrial gas market is segmented into nitrogen; oxygen; carbon dioxide; hydrogen; Argon and Helium.
• Industrial gases are produced by procuring raw materials such as natural gas, crude oil and sometimes through sewage sludge. The gases produced are packed and transported for delivering to customers by pipeline or through distributors or retailers present in a region. Most gases are sold in gas cylinders as liquids in appropriate containers or delivered in bulk through trucks. Industrial gas is also used in oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medicine, pharmaceuticals, biotechnology, food, water, fertilizers, nuclear power, electronics, aerospace and other related industries.
• The use of industrial gas in the electronics (photovoltaic) industry for the manufacturing of semiconductors, solar, display’s, LED solid state lighting, wafers and polysilicon compel the growth prospects for this market. Clean energy, predominantly solar PV, is evolving as an eminent source of clean energy generation attracting investments globally. These gases substantially reduce the manufacturing costs, which is poised to increase its implementation over the forecast period.
• Bulk (Liquid Gas Transport) is consumers' most preferred form of distribution. This involves the gas either being liquified or in its natural state being transported by either road (dedicated trailers) or via pipelines (over long distances). These gases are also circulated in the form of packaged cylinders (as high-pressure gas or low-pressure liquid). This form of circulation is however only conducive for customers with insignificant requirement for these gasses.
• Most of the commercially used oxygen is fabricated using an unconventional cryogenic distillation process. The oxygen obtained from this process is 99% clean. Lately, the energy-proficient vacuum swing adsorption method has found application in a few restricted applications that don’t need oxygen of more than 90-93% concentration. Argon and nitrogen can also be obtained by extracting them from air.
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Research Methodology
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine the overall market size, segmental market size and top companies in the Saudi Arabia Industrial gases market.
Data Collection Developing list of respondents Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
List of top companies and industry specialists was developed.
Data Validation Data Analysis
TechSci conducted interviews with industry experts and leading companies for data collection and verification.
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Saudi Arabia Industrial gases market.
Identifying Key Opinion Leaders
Questionnaire Design
In-depth Interviews
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Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis
Recent Developments
Market Changing Aspects/Dynamics
Government Policies
Final
Conclusion
Market Participants
LinkedIn TechSci Internal Database Factiva Hoovers Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Secondary Research Primary Research 14
Key Strengths
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Saudi Arabia industrial gases market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand from specific sectors especially food & beverage and medical. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Saudi Arabia Industrial gases market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value : Market size, in terms of value, for the year 2022 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as Industrial gases companies, channel partners, end users, industry experts and other industry participants.
• The team interviewed more than ten Industrial gases companies, 50 end users and 12 industry experts and other value chain stakeholders in the Saudi Arabia Industrial gases market to obtain the overall market size between 2018 and 2022, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during the historical period.
• Respondents were asked about the current and future market growth rates, market shares by product type, by application, by mode of distribution, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and category wise revenue shares generated across various segments were considered, to arrive at the final revenue shares.
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Research Methodology
Revenue generated across various segments were further triangulated based on the response received from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by product type, by application, by mode of distribution, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the Saudi Arabia Industrial gases market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the Saudi Arabia Industrial gases market, TechSci Research used various forecast techniques such as:
Moving Average
Time Series Analysis Regression Analysis
Econometric and Judgmental Analysis
Note: Sum of sum shares may not be 100% due to round off till two decimal places.
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (with the market size indicated in USD million).
Partial List of Companies Interviewed Key Secondary Sources
Linde-SIGAS
Air Products and Chemicals, Inc.
Abdullah Hashim Industrial Gases &Equipment Co.Ltd
Gulf Cryo Saudi
Saudi Basic Industries Corporation (SABIC)
Aldakheel Industrial Gases Plant (DIGAS)
Jubail Gas Plant Co, Ltd.
ACWA Holding
Taiyo Nippon Sanso Corporation
Barrack Industrial Gases Factory
Saudi Food and Drug Administration Authority (SFDA)
Saudi Standards, Metrology and Quality Organization (SASO)
Organization of the Petroleum Exporting Countries (OPEC)
Organization of Arab Petroleum Exporting Countries (OAPEC)
Worldometer
World Bank
TechSci Research Proprietary Database & Knowledge Repository
Company Annual Reports
Industry Magazines
Industry Reports
Credible Paid Databases
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Industry Brief
Rising demand from energy sector is expected to drive Saudi Arabia Industrial Gases Market during the forecast period, 2024-2028.
According to TechSci Research report, “Saudi Arabia Industrial Gases Market- Industry Size, Share, Trends, Forecast and Opportunities, 2018-2028”, Saudi Arabia Industrial Gases Market Size is USD 2201.26 billion in 2022 and is anticipated to increase at a CAGR of 3.39 % during the forecast period. Industrial Gases are used in a wide range of industries, such as healthcare, electronics, aerospace, construction, energy & power, and others. Industrial Gases include gases such as oxygen, nitrogen, hydrogen, carbon dioxide, argon, & helium that are used for different purposes owing to their different properties. For instance, helium is created for use in saturation diving, ballooning, MRI, NMR, and others application.
Furthermore, the increasing manufacturing and product cost of gases is increasing the selling price of the industrial gases. Apart from these, strict government regulation on storage, transportation, and production of the gases are adding additional burden to the cost price of the industrial gases. Hence, these factors are creating significant impact on the buyer’s buying behavior and impeding the market growth of Saudi Arabia Industrial gases market growth during the forecast period.
Based on product type, the market is categorized into oxygen, nitrogen, carbon dioxide, hydrogen, argon, and helium. Oxygen is expected to hold the largest market share during the forecast period with 30.38% in 2023. As it is used in steelmaking, metal refining and fabrication, in petroleum processing and paper manufacturing, which is used by various growing end users industries.
Based on mode of distribution, the market is further segmented into tonnage/gaseseous, bulk & cylinder, and packaged. Tonnage/gaseseous is expected to hold the largest market share during the forecast period with 48.62% in 2023. As it is used in transporting bulk amount of oxygen, nitrogen or argon in low price and safely to gases or the air separation plant to generate the gases at the customer’s site, tonnage/gaseous mode of distribution is considered more than other alternative and dominating the market share.
Major companies operating in the Saudi Arabia Industrial Gases Market are Linde SIGASES, Air Products & Chemicals Inc, Air Liquide S.A., Gulf Cryo Saudi, Saudi Basic Industries Corporation, Aldakheel Industrial Gases Plant (DIGASES), Jubail Gases Plant Co., Ltd, ACWA Holding, Taiyo Nippon Sanso Corporation, Barrak Industrial Gases Factor
“Saudi Arabia Industrial Gases market is expected to grow at the highest rate during the forecast period owing to increasing demand from oil and gases refinery, and petro-chemical industries. Government of Saudi Arabia are taking different initiatives such as Vision 2030, introducing new SEZ where demand for industrial gases will rise in order to production of final goods. This led to increase in demand for industrial gases in Saudi Arabia.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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Sample Data- Snapshot
Saudi Arabia Industrial Gases Market Size, By Value (USD Million), 2018-2028F
CAGR 2018-2022
By Value: xx%
CAGR 2023E-2028F
By Value: xx%
Saudi Arabia Nitrogen Market Share, By Application, By Value, 2018-2028F
Saudi Arabia Helium Market Share, By Region, By Value, 2018-2028F
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19 2018 2019 2020 2021 2022 2023E 2024F 2025F 2026F 2027F 2028F Value (USD Million)
2018 2019 2020 2021 2022 2023E 2024F 2025F 2026F 2027F 2028F
2018 2019 2020 2021 2022 2023E 2024F 2025F 2026F 2027F 2028F
Report Name: SAUDI ARABIA INDUSTRIAL GASES MARKET
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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.Related Reports
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• India Specialty Gases Market, By Type (Noble Gases, High Purity Gases, Hydrocarbon Gases, Halogen Gases, and Others), By Application (Energy & Power, Metal & Mining, Healthcare, Analytical & Calibration, Automotive, and Others), By Distribution (Packaged and Bulk), By Region, Competition Forecast and Opportunities, 2028.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
