The industrial gases market in Austria has experienced various fluctuations over the past decade. Starting from a volume of 752.65 million kilograms in 2013, the market saw growth in 2014 but faced some declines by 2015 and 2016. A series of minor recoveries led to a stable period until 2019, followed by gradual growth up to 2023, ending the year with a volume of 857.06 million kilograms.
Year-on-year analysis shows significant growth in 2021 at 7.69%, with a slight increase in 2022 by 0.04%, and continued modest growth into 2023 at 1.58%. The CAGR from 2018 to 2023 stands at 1.95%.
Future trends to watch for include advancements in sustainable energy solutions driving demand for industrial gases, the potential impact of economic policies on the industry, and the sector’s role in manufacturing and healthcare advancements.
How does Austria rank in Industrial Gases Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 7,380,800,000 | 2023 | +2.6% | +2.94% | View data |
| 2 | 2 Austria | 857,060,000 | 2023 | +1.58% | +2.18% | |
| 3 | 3 Spain | 826,420,000 | 2023 | -5.1% | -6.53% | View data |
| 4 | 4 Czech Republic | 469,860,000 | 2023 | +1.67% | +1.41% | View data |
| 5 | 5 Finland | 202,660,000 | 2023 | -0.037% | -1.11% | View data |
