The industrial gases market in Germany experienced fluctuation over the past decade. From 2012 to 2016, the market showed a declining trend, dropping from 2.2281 billion cubic meters to 1.971 billion cubic meters. The sector rebounded in 2017, with subsequent growth peaking at 2.3917 billion cubic meters in 2019. However, the market contracted significantly in 2020, followed by a strong recovery in 2021 and continued growth in 2022, reaching 2.3537 billion cubic meters. The year-on-year variation over the last two years shows an overall positive trend with increases of 15.04% in 2021 and 5.78% in 2022. The Compound Annual Growth Rate (CAGR) over the past five years stood at 2.82%.
Future trends to watch for include potential impacts from emerging industries and technologies, increasing adoption of cleaner energy sources, and regulatory changes. These factors could either bolster or hinder market growth, depending on how industry players adapt to evolving conditions.
