The industrial gases market in Denmark showed significant variation from 2012 to 2022. The market volume was relatively stable in the early years but experienced notable growth especially starting from 2015. The greatest increase occurred between 2015 and 2018, where the year-on-year growth rates peaked at 15.49% in 2015 and 12.22% in 2018. However, the market saw a decline during the pandemic years of 2020 and 2021, with a substantial drop of 9.42% in 2020 followed by a minimal decrease of 0.1% in 2021. It rebounded in 2022 with a 7.21% increase.
Key Points:
- The CAGR over the last five years (2017-2022) was 3.2%, indicating moderate, but consistent growth.
- The industrial gases market volume in Denmark was reported at 257.27 million cubic meters in 2022.
- Future forecasts for 2024 and beyond anticipate continued growth driven by technological advancements, increased demand in various sectors, and a shift towards sustainable and energy-efficient gases.
Future trends to watch for include:
- Advancements in green technologies and hydrogen production.
- Increasing industrial applications and innovations in healthcare.
- Government policies promoting clean energy and environmental sustainability.
