The Industrial Gases Market in Portugal showed consistent growth from 2013 to 2023, reaching a volume of 441.07 million cubic meters in 2023. The market experienced fluctuations but generally maintained an upward trajectory. Key highlights include sharp declines in 2015 and 2020 followed by strong recoveries in subsequent years. Year-on-year growth was highest in 2021 at 16.84%, and the CAGR over the last five years is 2.96%.
Future trends to watch for:
- Technological advancements in gas production and storage.
- Increasing demand in healthcare and manufacturing sectors.
- Regulatory impacts related to emission reductions and sustainability.
