In 2023, Germany led European sold production of hydrogen, argon, rare gases, nitrogen, and oxygen at 17.24%, though it faced a 2.86% decline. The Netherlands and Italy followed, with respective increases of 3.19% and 1.6%. France encountered a significant 15.34% drop, while Poland and Belgium saw modest gains. Smaller markets like Bulgaria and Bosnia and Herzegovina emerged strongly, with growth rates over 4%.
Looking ahead, the European market may benefit from increased investments in green technologies and industrial gas innovations. Watch for potential shifts in production as countries focus on sustainability and energy efficiency enhancements.
Top countries in Sold Production of Hydrogen, Argon, Rare Gases, Nitrogen and Oxygen Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.24 | 2023 | -2.33% | -2.86% | View data |
| 2 | 2 Netherlands | 15.3 | 2023 | +8.62% | +3.19% | View data |
| 3 | 3 Italy | 14.31 | 2023 | -2.42% | +1.6% | View data |
| 4 | 4 Spain | 10.26 | 2023 | +2.09% | -3.46% | View data |
| 5 | 5 France | 7.65 | 2023 | -8.05% | -15.34% | View data |
| 6 | 6 Poland | 7.06 | 2023 | +2.35% | +2.6% | View data |
| 7 | 7 Belgium | 6.05 | 2023 | +0.52% | +1.67% | View data |
| 8 | 8 Czechia | 4.32 | 2023 | |||
| 9 | 9 Finland | 3.88 | 2023 | +1.8% | -3.65% | View data |
| 10 | 10 Austria | 3.55 | 2023 | +2.03% | +2.43% | View data |
