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Market Overview

The Europe industrial gases market was valued at USD 17.3 Billion in 2024 and is projected to reach USD 24.2 Billion by 2033. The market is expected to grow at a CAGR of 3.57% during the forecast period 2025-2033. Industrial gases are widely used across several industries such as food and beverage, chemical, electronics, and automotive, driven by increasing product innovations and rising demands for building materials and protective components.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Europe Industrial Gases Market Key Takeaways

• Current Market Size: USD 17.3 Billion in 2024
• CAGR: 3.57% during 2025-2033
• Forecast Period: 2025-2033
• Industrial gases consist of organic compounds made up of various hydroxyl groups, also known as sugar alcohols.
• These gases are extensively used in food and beverage products as sugar replacements and in various chemical applications including polyurethane coatings and adhesives.
• The Europe market is boosted by product innovations such as polyol-based products that offer durability and light-weight properties.
• Increasing applications in automotive, electronics, footwear, packaging, and furniture industries are key growth drivers.
• Population growth and rising demand for building materials and housing electronics further propel market expansion.

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Market Growth Factors

The European market for industrial gases is expanding, making use of product innovations. Polyol-based industrial gases are hard, light, hard-wearing and insulating, making them suitable for many applications in the electronics, footwear, packaging and furniture industries. These innovations improve performance and versatility, meeting market demand in a wide variety of applications.

Industrial gases-based foams are also used in the automobile industry in making seats, headrests, armrests, and ventilator headliners of cars, which drives application growth. These properties make these gases suitable for these applications and may be the key driving factors for their market revenues.

Population growth, and the concurrent rise in demand for building materials, such as protective parts, exterior panels, and housing electronics, which in turn require industrial gases for production, contributes to sustained growth in this market through 2033, as residential and commercial construction accelerate.

Market Segmentation

The Europe industrial gases market report is segmented as follows:

• By Type:
• Nitrogen: Used in various industrial applications, offering inert and protective properties.
• Oxygen: Essential for metal fabrication, chemical synthesis, and healthcare.
• Carbon Dioxide: Utilized for refrigeration, carbonation, and as a shielding gas.
• Argon: Used in welding and in electronics manufacturing.
• Hydrogen: Applied in energy, chemical production, and metallurgical processes.
• Others: Includes other lesser common industrial gases.
• By Application:
• Manufacturing: Industrial gases used as raw materials and for processing needs.
• Metallurgy: Gases involved in metal extraction and treatment.
• Energy: Applications in power generation and fuel processing.
• Chemicals: Used in synthesis and processing of chemicals.
• Healthcare: Medical gases used for treatment and diagnostics.
• Others: Additional applications across various sectors.
• By Supply Mode:
• Packaged: Industrial gases supplied in containers for small-scale or mobile use.
• Bulk: Supplied in large quantities for heavy industrial use.
• On-Site: Gases produced or stored at the user's location for uninterrupted supply.
• By Country:
• Germany: A major market with significant industrial gas production and consumption.
• France: Important regional player with growing industrial activities.
• United Kingdom: Key industrial and manufacturing hub.
• Italy: Active market driven by diverse industrial sectors.
• Spain: Growing demand from various applications.
• Others: Includes other European countries contributing to the market.

Regional Insights

Germany stands as a dominant market within Europe, playing a pivotal role in the industrial gases landscape. Although specific market share percentages are not provided, Germany's established industrial base and technological advancements drive substantial market activity. The region benefits from the adoption of innovative gas technologies across automotive, manufacturing, and chemical industries, contributing to the overall regional growth.

Competitive Landscape

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

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