How Big is Europe Industrial Gases Market Industry?
The Europe industrial gases market size reached USD 17.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 24.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.57% during 2025-2033.
Europe Industrial Gases Market Trends:
The Europe industrial gases market is undergoing profound change, led by changing industrial needs and technology development. Industrial gases, like oxygen, nitrogen, hydrogen, and carbon dioxide, are a key component of several industries, such as healthcare, manufacturing, food and beverages, and energy. The market has experienced rising demand over the last few years with increased focus on sustainable practices and energy efficiency. Industries are steadily embracing industrial gases to minimize carbon emissions and increase operational efficiency.
For example, hydrogen is increasingly being used as an alternative source of clean energy, especially in the shift towards renewable energy systems. The dependence of the healthcare industry on medical oxygen has also grown stronger, particularly against the backdrop of global health issues, further fueling market growth. The drive towards innovation and innovation-led development of newer gas applications are also defining the market, and firms are pumping money into R&D to service the varying end-user requirements.
Europe Industrial Gases Market Scope and Growth Analysis:
Increasing emphasis on circular economy models and the use of environmentally friendly production technologies is another top trend in the Europe industrial gases industry. With tougher environmental regulation, industries are looking to adopt sustainable alternatives to reduce waste and emissions. Industrial gas suppliers are countering by supplying gases that facilitate green manufacturing processes, including carbon capture and storage (CCS) technologies. The industry is especially utilizing industrial gases for uses such as modified atmosphere packaging, which helps delay product spoilage and minimize food waste.
In addition, the growth of digitalization and automation in gas production and distribution is improving supply chain efficiency and delivering a consistent quality. Industrial gas companies are also looking into partnerships and collaborations to grow their product offerings and address growing applications. Generally, the Europe industrial gases market is transforming to accommodate sustainability objectives, technology, and the changing requirements of different industries, setting the stage for sustained growth and innovation.
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Europe Industrial Gases Market Forecast & Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the Europe industrial gases market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Breakup by Type:
Nitrogen
Oxygen
Carbon Dioxide
Argon
Hydrogen
Others
Breakup by Application:
Manufacturing
Metallurgy
Energy
Chemicals
Healthcare
Others
Breakup by Supply Mode:
Packaged
Bulk
On-Site
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Europe industrial gases industry.
Other Key Points Covered in the Report:
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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