The production value of industrial gases in Poland experienced notable fluctuations from 2015 to 2023, with a significant increase from 438.3 million Euros to 604.4 million Euros. Despite minor decline in 2016 and 2020, the market generally showed a growth trend, particularly evident with a year-on-year increase of 15.63% in 2019 and 7.05% in 2017. Over the last two years (2022 to 2023), the year-on-year growth rates were 2.34% and 2.28% respectively, indicating moderate and consistent growth. The 5-year CAGR up to 2023 was 4.17%, suggesting a stable and growing market.
Looking forward, from 2024 to 2028, the industrial gases production value is forecast to continue its upward trajectory, reaching approximately 670.9 million Euros by the end of this period. The forecasted 5-year CAGR is 1.66%, reflecting a slower but steady growth rate.
Future trends to watch for include:
- Advancements in industrial gas technologies and their applications across various sectors.
- Impact of sustainable practices and regulations on production processes and costs.
- Market responses to economic fluctuations and the global demand for industrial gases.
