From 2013 to 2023, the industrial gases production value in Germany experienced fluctuations. The value in 2023 stood at 1.55 billion Euros. While the market experienced growth in certain years, it generally showed a declining trend over the last decade. Notably, the CAGR over the last five years was -0.74%, indicating a slight but steady decline.
Year-on-year variations highlight significant fluctuations, including a peak with a 7.39% increase in 2020, followed by consecutive declines, with a -1.22% decrease in 2023. The forecasted data from 2024 onwards show a continuing downward trend, with a forecasted 5-year CAGR of -0.99% and an overall growth rate of -4.83% by 2028.
Future trends to watch for include:
- Technological advancements in industrial gas production and their impact on efficiency and costs.
- Environmental regulations and their influence on production methods and market demand.
- Potential shifts in global supply chains and how they affect Germany’s industrial gas sector.
