Forecast: Industrial Gases Market Size Volume in Italy

The industrial gases market in Italy saw its volume peaking at 6.558 billion cubic meters in 2013. Since then, a steady decline has been observed, with a few exceptions. By 2023, the market size had shrunk to 4.0864 billion cubic meters. Year-on-year variations demonstrate significant fluctuations, starting with a moderate decline and occasionally experiencing slight rebounds. Over the last two years, there were notable reductions of 8.93% in 2022 and 9.71% in 2023. The average annual decline (CAGR) over the last five years stands at -3.29%.

Future market forecasts indicate a continued, more rapid decline with a forecasted CAGR of -11.76% from 2024 to 2028, leading to a substantial reduction of 46.5% over five years.

Future trends to watch for include advancements in alternative energy sources, shifts in manufacturing practices, and environmental regulations, all of which may significantly impact the demand for industrial gases in Italy.