The market for gases such as Hydrogen, Argon, Rare Gases, Nitrogen, and Oxygen in Lithuania saw a steady growth trajectory from 2013 to 2023. In 2023, the market volume reached 23.495 million cubic meters. Recent years showed moderate growth, with a 4.05% increase in 2022 and a 3.85% increase in 2023. The compound annual growth rate (CAGR) over the last five years was 2.71%.

Future trends to watch for:

Increased adoption of hydrogen for energy purposes which could boost market demand.
Technological advancements in gas extraction and storage.
Environmental policies pushing for a shift towards cleaner industrial processes.