The industrial gases market in Greece showed significant volatility from 2013 to 2023. After a decline early in the decade, the market experienced substantial recovery from 2015 onwards, with notable growth peaking in 2016. Despite some fluctuations, the market reached a volume of 169.38 million cubic meters in 2023, reflecting a modest 1% year-on-year increase. Over the last five years, the compounded annual growth rate (CAGR) was 1.07%, indicating slow but steady growth.
Future trends to watch for:
- Increased demand for sustainable and environmentally friendly industrial gases could drive market innovations.
- Technological advancements in gas production and distribution may enhance efficiency and market reach.
- Economic and industrial sector performance in Greece will critically influence future market dynamics.
