The industrial gases market in Portugal exhibited fluctuating trends, marked by significant variations in market value over the past decade. In 2023, the market stood at 115.6 million euros. From 2013 to 2023, the market saw both growth and contraction, with negative year-on-year variations dominating from 2016 onwards, barring an uplift in 2021. Over the last five years, the market witnessed an average annual decline (CAGR) of -1.07%.
Future trends to watch for include:
- Potential market recovery driven by technological advancements and renewable energy integration.
- Shifts in demand due to environmental regulations and industrial decarbonization goals.
- The impact of global economic changes and trade dynamics on local market growth.
How does Portugal rank in Industrial Gases Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,428,600,000 | 2023 | +0.22% | -0.67% | View data |
| 2 | 2 Italy | 1,218,600,000 | 2023 | -1.91% | +0.77% | View data |
| 3 | 3 Spain | 1,026,600,000 | 2023 | +3.09% | +2.5% | View data |
| 4 | 4 Netherlands | 804,330,000 | 2023 | -0.87% | -0.46% | View data |
| 5 | 5 Poland | 483,380,000 | 2023 | +2.51% | +2.56% | View data |
| 9 | 9 Austria | 162,360,000 | 2023 | -0.64% | -0.41% | View data |
| 10 | 10 Denmark | 122,850,000 | 2023 | -0.38% | -0.06% | View data |
| 11 | 11 Portugal | 115,600,000 | 2023 | -1.24% | -1.07% | |
| 12 | 12 Romania | 97,269,000 | 2023 | +3.47% | +3.44% | View data |
| 13 | 13 Greece | 53,860,000 | 2023 | -3.91% | -2.82% | View data |
