In 2023, the UK produced industrial gases totaling approximately 302.0 million cubic meters. The forecast anticipates a steady year-on-year increase in production volume from 2024 to 2028, starting from 309.05 million cubic meters in 2024 and reaching an estimated 336.45 million cubic meters by 2028. This reflects a consistent annual growth trajectory. Over these five years, the average annual growth rate is projected to be modest, underlining a stable expansion in the sector.
Looking ahead, several trends merit attention:
- The push for cleaner energy solutions could drive demand in specialized industrial gases.
- Technological advancements in gas production and storage might enhance efficiency.
- Regulatory changes could impact production practices and costs.