The hydrogen, argon, rare gases, nitrogen, and oxygen market in Romania reached 85.249 million euros in 2023. Over the past decade, the market showed significant fluctuations with a notable peak in 2016, followed by a slight decline and gradual recovery. The year-on-year growth was positive in recent years, registering a 3.46% increase in 2023. The compound annual growth rate (CAGR) over the last five years was moderate at 3.44%, indicating steady market stabilization.
Future trends to watch for:
- Adoption of hydrogen technologies for cleaner energy solutions.
- Increased demand for rare gases in electronics and manufacturing industries.
- Potential growth driven by industrial and healthcare applications for oxygen and nitrogen.
How does Romania rank in Hydrogen, Argon, Rare Gases, Nitrogen and Oxygen Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,254,300,000 | 2023 | -0.44% | -1.38% | View data |
| 2 | 2 France | 942,880,000 | 2023 | -3.16% | -3.39% | View data |
| 3 | 3 Spain | 903,180,000 | 2023 | +3.11% | +2.62% | View data |
| 4 | 4 Netherlands | 761,690,000 | 2023 | -0.24% | -1.48% | View data |
| 5 | 5 Poland | 422,110,000 | 2023 | +2.56% | +2.51% | View data |
| 10 | 10 Portugal | 123,040,000 | 2023 | +0.24% | +1.46% | View data |
| 11 | 11 Denmark | 93,954,000 | 2023 | -2.27% | -1.44% | View data |
| 12 | 12 Romania | 85,249,000 | 2023 | +3.46% | +3.44% | |
| 13 | 13 Greece | 54,032,000 | 2023 | -0.068% | -0.65% | View data |
| 14 | 14 Bulgaria | 36,809,000 | 2023 | +2.65% | +3.54% | View data |
