Europe Industrial Gases Market Report 2024: Trends, Industry Insights, Growth and Forecast by 2032
20 Dec, 2024
Europe Industrial Gases Market 2024-2032
According to IMARC Group's report titled "Europe Industrial Gases Market Report by Type (Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, and Others), Application (Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, and Others), Supply Mode (Packaged, Bulk, On-Site), and Country 2024-2032", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the Europe Industrial Gases Industry ?
The Europe industrial gases market size reached USD 16.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 23.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
The Europe market has been fuelled by the rising demand from healthcare, particularly driven by medical-grade gas and oxygen demand. Alongside, the booming food and beverage industry with its demand for gas in packaging and preservation has had a hand in the growth of the market demand. Furthermore, the booming industrial activity of other sectors like manufacturing, chemicals, and electronics is creating an increasing demand for gases such as nitrogen, hydrogen, and carbon dioxide, which again adds more momentum to the expansion of the market.
Similarly, the increasing trend towards cleaner energy resources has created a call for hydrogen in energy production and transportation, giving the market a lot of push from here. Additionally, the growing concern for environmental sustainability and carbon reduction is increasing the use of industrial gases in processes such as carbon capture and utilization, making it even more attractive to people. Another major driver for the market is the increasing use of gases in various metal fabrication applications such as welding and cutting.
Europe Industrial Gases Market Scope and Growth Analysis:
In the market, applications are found in different segments, such as healthcare, food and beverages, chemicals, electronics, and manufacturing. Considering the level of industrialization, technological improvement, and environment-friendly initiatives over the region, the scope of the market is expected to rise significantly with time. The rise in demand for hydrogen as a new source of clean energy, as well as further projects that will help develop infrastructure supporting hydrogen, are anticipated to open up new avenues in the market. Further, the continued digitization of industries adds good fortune to the way of increasing efficiencies in production and distribution of the gases.
As per market analysis, another crucial consideration for the demand side of the specialty gases market is the growing interest in circular economy perspectives, such as carbon capture and utilization. The fast-changing environment in the pharmaceutical and biotechnology industries is also likely to accelerate the demand for medical gases with appropriate technologies. In addition, solid regulatory frameworks and a good concentration of major multinational companies would keep making Europe one of the largest markets of industrial gases in years to come.
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Europe industrial gases market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 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
Breakup by Country:
Germany
France
United Kingdom
Italy
Spain
Others
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.
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
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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