From 2013 to 2023, Croatia's industrial gases market reflected significant fluctuations in volume. Initially decreasing from 48.629 million cubic meters in 2013 to 45.688 in 2014, the market rebounded with a notable increase by 2020 to 78.569. Despite some minor contractions, such as in 2019 and 2021, the market regained momentum, reaching 78.805 million cubic meters in 2023. The last two years evidenced modest growth rates of around 4%, while the five-year CAGR highlights an annual average increase of approximately 2.24%.
Future trends to watch for:
- Adoption of sustainable production technologies could drive further growth.
- Demand in sectors like healthcare and manufacturing might boost market volume.
- Regulatory changes and economic conditions will impact future dynamics.
