The industrial gases market in Italy saw a notable decline from 2013 to 2023, starting at 1.5095 billion Euros in 2013 and dropping to 1.2186 billion Euros in 2023. The year-on-year variation shows significant fluctuations, including major decreases between 2013-2016 and a brief recovery in 2021. The last two years saw reductions of -1.94% (2022) and -1.91% (2023). The forecast suggests a continuous decline, with an average yearly contraction (CAGR) of -1.58% expected from 2024 to 2028, equating to a total reduction of -7.67% over this period.
Key future trends to watch for include technological advancements in gas production, increasing adoption of green energy solutions, and potential market disruptions due to changes in industrial demand and regulatory policies aimed at environmental protection.
