From 2013 to 2023, Italy's industrial gases production value fluctuated, peaking at EUR 2.35 billion in 2018 and hitting a low of EUR 2.05 billion in 2014. In 2023, it stood at EUR 2.27 billion, with a modest growth from the previous year. The average annual growth rate over the past five years was subdued at 0.36%, indicating a relatively stable yet slow upward trend.
Year-on-year variations provide a more granular view, showcasing considerable fluctuations, including a notable 10.25% rise in 2018 and a series of small growth rates in recent years. The forecast indicates a gradual increase, hitting EUR 2.32 billion by 2028, with an anticipated average annual growth rate of 0.36% for the next five years.
Future trends to watch for:
• Market diversification and innovation in gas mixtures for specialized industrial applications.
• Technological advancements in gas production processes enhancing efficiency.
• Increased emphasis on sustainability and reduction of carbon footprint in industrial gas production.
