The European industrial gases market shows varied dynamics across countries as of 2023. Belgium leads significantly with a volume of 7.3808 billion kilograms, and a year-on-year growth of 2.94%, indicating a robust and expanding market.
Austria, with 0.85706 billion kilograms, has seen a moderate growth of 2.18%. In contrast, Spain experienced a volume decline of -6.53% to 0.82642 billion kilograms, signaling potential challenges. Most other countries reported minor volume changes, with Slovenia posting a notable increase of 4.29%.
Future Trends to Watch:
- Technological advancements in gas production and application could influence market dynamics significantly.
- Environmental regulations and the push towards green energy are likely to shape industrial gas use and demand.
- Countries with declining growth, like Spain, may pursue innovations to revitalize their market performance.
Top countries in Industrial Gases Market Size Volume by Country
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 7,380,800,000 | 2023 | +2.6% | +2.94% | View data |
| 2 | 2 Austria | 857,060,000 | 2023 | +1.58% | +2.18% | View data |
| 3 | 3 Spain | 826,420,000 | 2023 | -5.1% | -6.53% | View data |
| 4 | 4 Czech Republic | 469,860,000 | 2023 | +1.67% | +1.41% | View data |
| 5 | 5 Finland | 202,660,000 | 2023 | -0.037% | -1.11% | View data |
| 6 | 6 Denmark | 68,573,000 | 2023 | +1.62% | +0.39% | View data |
| 7 | 7 Greece | 29,877,000 | 2023 | +1.26% | +0.026% | View data |
| 8 | 8 Croatia | 19,781,000 | 2023 | -0.24% | +1.06% | View data |
| 9 | 9 Slovenia | 15,036,000 | 2023 | +8.35% | +4.29% | View data |
