The production value of industrial gases in Austria exhibited fluctuating trends from 2013 to 2023. The value stood at €308.1 million in 2023, showing a slight year-on-year increase of 0.55% from the previous year. Over the last two years, the market demonstrated modest growth with variation rates of 0.62% and 0.55%. Notably, the five-year compound annual growth rate (CAGR) from 2018 to 2023 was 0.35%, indicating a period of steady, though slight, expansion.
Between 2024 and 2028, forecasted data suggests a continuation of this gradual upward trend, with an overall forecasted growth rate of 1.65% and a CAGR of 0.33% over the next five years. This trajectory signifies a stable but slow-growing industry.
Future trends to watch for:
- Technological advancements and innovations in industrial gas production processes which may boost efficiency and output.
- Potential impacts of regulatory changes and environmental policies on production methods and costs.
- Demand shifts driven by emerging markets or the expansion of existing industries that rely on industrial gases.
