In 2023, Germany led European production of industrial gases with 816.79 million euros despite a slight decrease of 2.86% from the previous year. The Netherlands and Italy followed, showing positive growth at 3.19% and 1.6%, respectively. Spain and France experienced declines, notably France at -15.34%. Noteworthy increases were seen in Portugal and Bulgaria, both showing over 4% growth. Smaller markets like Bosnia and Herzegovina exhibited significant year-over-year growth of over 5%, whereas Slovenia and Lithuania had substantial declines.
Future trends to watch include the strengthening demand for green hydrogen and rare gases that support industrial applications and renewable energy efforts. Growth potential exists in investment in green technologies and innovation across Europe, while fluctuating geopolitical and economic conditions may influence production shifts and strategic partnerships among European countries.
Top countries in Sold Production of Hydrogen, Argon, Rare Gases, Nitrogen and Oxygen by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 816,790,000 | 2023 | -2.33% | -2.86% | View data |
| 2 | 2 Netherlands | 725,160,000 | 2023 | +8.62% | +3.19% | View data |
| 3 | 3 Italy | 677,960,000 | 2023 | -2.42% | +1.6% | View data |
| 4 | 4 Spain | 485,950,000 | 2023 | +2.09% | -3.46% | View data |
| 5 | 5 France | 362,600,000 | 2023 | -8.05% | -15.34% | View data |
| 6 | 6 Poland | 334,760,000 | 2023 | +2.35% | +2.6% | View data |
| 7 | 7 Belgium | 286,810,000 | 2023 | +0.52% | +1.67% | View data |
| 8 | 8 Czechia | 204,730,000 | 2023 | |||
| 9 | 9 Finland | 183,830,000 | 2023 | +1.8% | -3.65% | View data |
| 10 | 10 Austria | 168,410,000 | 2023 | +2.03% | +2.43% | View data |
