Austria's industrial gases market saw a complex trend from 2012 to 2022. Following steady growth from 2012 (1.4888 billion cubic meters) to 2017 (1.7177 billion cubic meters), it declined sharply in 2018 (1.6066 billion cubic meters). This downward trend persisted through 2021, bottoming at 1.476 billion cubic meters, but saw a slight recovery in 2022 (1.5544 billion cubic meters). The last two years showed an uptick, a 5.31% rise in 2022, reversing prior decreases. The five-year CAGR was -1.98%, indicating overall decline.
Future Trends
Moving forward, monitoring Austria's industrial gases market will be crucial, focusing on factors like technological advancements, environmental regulations, and shifts in demand from key industries. Emerging hydrogen economies and sustainability trends are anticipated to drive market growth.
