In 2023, the Finnish industrial gases market size reached 1.9079 billion cubic meters. Analyzing historical data from 2013 to 2023 shows a general upward trend, marked by fluctuations. Peak growth was observed in 2017 and 2018, with year-on-year increases of 20.9% and 14.59%, respectively. Although the market somewhat contracted in 2019 and post-pandemic years, it regained positive momentum in 2022 and 2023 with respective growth rates of 3.97% and 3.74%. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 is notably lower at -1.03%, indicating recent market stabilization.
Looking ahead, key trends to watch include technological advancements in gas production, environmental regulations influencing demand, and the potential for new applications in emerging industries such as renewable energy and healthcare. Market players should also monitor macroeconomic conditions and global supply chain dynamics which could impact overall market growth.
