The industrial gases market in Finland has shown considerable fluctuations over the past decade, beginning at €240.77 million in 2013 and reaching €323.51 million in 2023. Notable peaks and troughs are observed in 2017 with a significant 27.96% increase and in 2015 and 2020 with declines of -8.06% and -8.72%, respectively. The market value in 2023 stood at €323.51 million. Over the last two years, the year-on-year variation was 2.75% in 2022 and 2.65% in 2023. The average annual growth rate (CAGR) over the last five years was 1.37%.
Looking ahead, the industrial gases market is forecasted to grow from €331.76 million in 2024 to €363.98 million in 2028, at an estimated CAGR of 1.87% over the next five years, indicating a steady market expansion by 9.71% overall.
Future trends to watch include the increasing adoption of sustainable practices and green technologies, advancements in manufacturing processes, and potential regulatory changes impacting emissions and environmental standards, which could drive demand for cleaner industrial gas solutions.
