Europe Industrial Gases Market Share, Size, Growth, Trends, Analysis & Report 2024-2032

The latest report by IMARC Group, titled “Europe Industrial Gases Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights into the Europe industrial gases market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Europe Industrial Gases Market Growth Rate:

The Europe industrial gases market size reached US$ 16.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

Europe Industrial Gases Market Trends:

The growing applications across key sectors, including healthcare, manufacturing, energy, etc., are the factors responsible for the growth of the Europe industrial gases market. Additionally, in the healthcare sector, the demand for medical gases has escalated, particularly due to the COVID-19 pandemic, which underscored the critical need for oxygen and other gases in medical treatment facilities, which is fueling the market.

Moreover, the manufacturing sector continues to consume large volumes of gases like nitrogen and hydrogen, integral to processes such as welding and fabrication, which are essential for production efficiency and quality improvement, which is further bolstering the market. This trend is supported by the ongoing recovery and growth of industrial activities in the region, post-economic downturn. 

The environmental concerns and regulatory policies in Europe are catalyzing shifts towards cleaner and more sustainable industrial practices, further augmenting the market. This shift is particularly evident in the increasing use of hydrogen as an alternative fuel and energy source, promoting a move away from fossil fuels towards greener alternatives. Additionally, companies are investing in innovative technologies for the efficient production and use of gases, enhancing their appeal across various applications, which is acting as another growth-inducing factor.

Furthermore, the development of carbon capture and storage technologies also presents a significant growth opportunity for the industrial gases sector, as it aligns with global and regional goals for reducing carbon footprints, which is anticipated to drive the Europe industrial gases market over the forecasted period.

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Report Segmentation:

The report has segmented the market into the following categories:

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 competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

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 leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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