The production of industrial gases in Austria stood at 976.78 million kilograms in 2023. Over the last two years, the production increased by 11.78% in 2022 and 6.23% in 2023. The average variation per year over the last five years (CAGR) stands at 0.79%, reflecting a steady growth pattern despite some fluctuations. Notably, there was a significant drop of 19.86% in 2020, followed by a recovery phase.

The forecast for the period from 2024 to 2028 projects a consistent upward trend, with a five-year growth rate of 7.47% and a forecasted CAGR of 1.45%. By 2028, production is expected to reach 1070.2 million kilograms, indicating a robust recovery and growth post-pandemic disruptions.

Future trends to watch for:

Technological advancements and automation in industrial gas production.
Increased demand from emerging industries such as renewable energy and healthcare.
Impact of environmental regulations and sustainability initiatives.