The European industrial gases market in 2023 saw Germany leading with €21.93 billion, followed by Italy at €18.71 billion and Spain at €15.76 billion. Significant growth was observed in Romania (3.44%) and Belgium (2.67%), while Greece (-2.82%) and the Czech Republic (-2.53%) faced declines. The Competitive Average Growth Rate (CAGR) for the past five years shows that, despite minor fluctuations, industrial gases maintained stability in major markets.
Future trends point towards a steady increase in demand due to the industrial growth and environmental regulations driving the need for cleaner energy and gases across Europe.
Top countries in Industrial Gases Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.93 | 2023 | +0.22% | -0.67% | View data |
| 2 | 2 Italy | 18.71 | 2023 | -1.91% | +0.77% | View data |
| 3 | 3 Spain | 15.76 | 2023 | +3.09% | +2.5% | View data |
| 4 | 4 Netherlands | 12.35 | 2023 | -0.87% | -0.46% | View data |
| 5 | 5 Poland | 7.42 | 2023 | +2.51% | +2.56% | View data |
| 6 | 6 Belgium | 7.35 | 2023 | +1.66% | +2.67% | View data |
| 7 | 7 Finland | 4.97 | 2023 | +2.65% | +1.37% | View data |
| 8 | 8 Czech Republic | 2.62 | 2023 | -1.87% | -2.53% | View data |
| 9 | 9 Austria | 2.49 | 2023 | -0.64% | -0.41% | View data |
| 10 | 10 Denmark | 1.89 | 2023 | -0.38% | -0.06% | View data |
