The production of industrial gases in the Netherlands experienced significant fluctuations over the past decade. From a decline between 2013 and 2016, the trend reversed, showing growth until 2019, followed by a steep drop in 2020 due to external economic factors. Remarkably, 2021 saw an unprecedented surge of 70.34%, though the following year showed a correction with a 7.35% decrease. By 2023, the value stood at €1054.9 million, up by 8.21% from the previous year. The compound annual growth rate (CAGR) over the last five years was 9.32%.
Future forecasts predict a steady growth trend, with a forecasted CAGR of 3.49% from 2024 to 2028, culminating in a 18.73% overall growth rate by 2028. Notably, the industry is expected to continue expanding in value, reaching €1315.6 million.
Future trends to watch for include advancements in green and sustainable production techniques, the impact of regulatory changes, and the increasing importance of hydrogen and other alternative energy gases.
