The European sold production of industrial gases shows notable country-specific trends, with the Netherlands and Germany leading in output for 2023. The Netherlands experienced a significant year-on-year growth of 9.32%, while Germany saw a slight decline of 0.27%. Italy posted a modest increase, whereas Spain and France faced significant declines, with Spain's output decreasing by 17.85% and France's plummeting by 40.7%. Other countries like Poland and Portugal exhibited noticeable growth at 3.17% and 5.23%, respectively. Sweden, Lithuania, and Slovenia suffered notable declines, highlighting varying dynamics across Europe.
Looking forward, the European industrial gases market will likely be influenced by sustainability initiatives and advancements in hydrogen technology. Countries investing in clean energy solutions could see growth, while those lagging in innovation might face challenges. Market participants should watch regulatory changes and investments in green technologies as potential growth drivers or obstacles.
Top countries in Sold Production of Industrial Gases by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 1,054,900,000 | 2023 | +8.21% | +9.32% | View data |
| 2 | 2 Germany | 1,030,600,000 | 2023 | +1.19% | -0.27% | View data |
| 3 | 3 Italy | 713,480,000 | 2023 | -2.53% | +0.75% | View data |
| 4 | 4 Poland | 388,940,000 | 2023 | +2.41% | +3.17% | View data |
| 5 | 5 Belgium | 367,900,000 | 2023 | +3.76% | +1.12% | View data |
| 6 | 6 Spain | 249,690,000 | 2023 | -33.58% | -17.85% | View data |
| 7 | 7 Finland | 221,090,000 | 2023 | +1.56% | -3.15% | View data |
| 8 | 8 Czechia | 206,830,000 | 2023 | |||
| 9 | 9 Hungary | 184,380,000 | 2023 | +3.22% | +2.38% | View data |
| 10 | 10 Austria | 177,370,000 | 2023 | +1.93% | +1.53% | View data |
