Latest News- Industrial Gases Market in Europe: Packaged is expected to lead the Distribution Channel segment during 2025-2029

The Industrial Gases Market in Europe is being driven by Increased demand for industrial gases from end-user industries

The Industrial Gases Market in Europe is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8.09 billion. In the European industrial gas market, safety is paramount when handling, storing, and transporting these highly flammable and hazardous gases. Many companies prioritize the implementation of secure storage solutions, either through in-house manufacturing or outsourcing to specialized providers. For short-distance chemical production processes, industrial gases are typically transported via low-pressure pipelines. However, for long-distance travel, high-pressure cylinders are utilized to ensure safe and efficient transportation. Companies adhere to stringent safety protocols and regulations to mitigate potential risks associated with industrial gases. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Packaged
  • Merchant
  • Tonnage
• End-user
  • Manufacturing
  • Chemical processing
  • Metallurgy
  • Medical and healthcare
  • Others
• Product
  • Nitrogen
  • Oxygen
  • Carbon dioxide
  • Hydrogen
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand for industrial gases from end-user industries
• Rapid adoption of surface-chilling technology
• Increasing merger and acquisitions activities

However, the market also witnesses some limitations, which are as follows:

• Safety issues associated with use of industrial gases
• Heavy dependence on proper gas distribution and gas handling systems
• High energy prices

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Market Scope in Industrial Gases Market in Europe Research Report

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Research Analysis Overview

The European Industrial Gases Market encompasses various technologies such as membrane separation units, adsorption process design, cryogenic distillation units, gas purification columns, and sensors for oxygen concentration. Nitrogen purity standards, argon recovery efficiency, hydrogen electrolysis systems, helium refrigeration cycles, and CO2 emission reduction are key considerations. Gas pipeline capacity, cylinder filling stations, on-site gas generators, and gas quality control involve gas chromatograph analysis, gas mixture composition, ultra-high purity gases, custom gas blends, and liquid gas tankers. Vacuum pump selection, energy saving measures, and pollution control measures are essential for industrial gas users in metal cutting applications, food preservation techniques, semiconductor manufacturing, drug manufacturing processes, hospital gas supply, welding equipment maintenance, and laser cutting gases. Process optimization techniques are crucial for various industries to ensure efficient use of industrial gases.

Market Research Overview

The European industrial gases market encompasses companies engaged in the production and supply of gas separation membranes, cryogenic air separation, pressure swing adsorption, and industrial gas purification. According to Technavio's market analysis, the European industrial gases market size is determined by the consolidated revenue generated by these key players. Market expansion will be fueled by escalating energy demand, limited fossil fuel reserves, and volatile fuel prices, leading governments in regions such as Europe to prioritize energy security. Factors like these are expected to significantly impact the growth trajectory of the European industrial gases market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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