From 2013 to 2023, the industrial gases market in the Netherlands displayed a steady growth trend, particularly post-2016. The market value in 2023 stood at 11.046 billion cubic meters. Year-on-year variations highlight fluctuations, with a dip from 2013 to 2015, followed by a robust growth phase till 2023. Specifically, the average annual growth rate (CAGR) over the last five years was 6.19%, indicating strong market performance.
Looking ahead, the forecasted data suggests a continued upward trajectory, albeit at a more moderated pace. The expected five-year CAGR from 2024 to 2028 is 2.29%, projecting a cumulative market growth rate of approximately 11.98% by 2028.
Future Trends to Watch For:
- Technological advancements and innovation in gas production and application.
- Impact of regulatory changes and environmental policies on market dynamics.
- Potential shifts in demand driven by industrial and healthcare sectors.
- Strategic mergers and acquisitions influencing market consolidation.
