The Finnish market for industrial gases, including hydrogen, argon, rare gases, nitrogen, and oxygen, reached a size of 279.24 million euros in 2023. This represented a year-on-year growth of 2.66% from 2022. Over the past decade, the market has experienced fluctuations with notable growth in 2017 and significant declines around 2015 and 2020. The compound annual growth rate (CAGR) over the past five years stood at 2.01%, indicating moderate growth after periods of volatility.
Points to watch for future trends include:
- Continued technological advancements in gas production and utilization.
- Regulatory changes around environmental impact and energy transitions.
- Increased demand in industries targeting decarbonization and renewable energy solutions.
How does Finland 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 |
| 6 | 6 Finland | 279,240,000 | 2023 | +2.66% | +2.01% | |
| 7 | 7 Belgium | 256,480,000 | 2023 | +0.19% | -3.64% | View data |
| 8 | 8 Czech Republic | 198,540,000 | 2023 | -0.25% | -1.12% | View data |
