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 of paramount importance due to the inherently hazardous nature of these gases. Companies prioritize the implementation of secure storage solutions, either through in-house manufacturing or outsourcing to specialized providers. For short-range transportation within production facilities, industrial gases are often transferred via low-pressure pipelines. However, for long-distance transport, high-pressure cylinders are utilized to ensure safe and efficient transportation. These cylinders adhere to stringent safety regulations and undergo rigorous testing to ensure their integrity. 

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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 the production and supply of gases such as Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, and others for various industries. These gases find applications in sectors like Healthcare, Manufacturing, Metallurgy and Glass, and Chemicals and Energy. In the Food and Beverages industry, they are used in the production of low-calorie foods like sugar alcohols and carbohydrates in candies, chewing gums, ice creams, yogurts, fruit spreads, toothpaste, mouthwash, throat lozenges, and breath mints. Organic compounds with hydroxyl groups, like sugar alcohols, are also used as sweeteners in these products.

Market Research Overview

The European industrial gases market encompasses businesses engaged in the production and distribution of various gases, including oxygen, nitrogen, carbon dioxide, and others. According to Technavio, the size of this market is determined by the consolidated revenue generated by the manufacturers and suppliers of these gases. Key growth drivers include the expanding demand for industrial gases in sectors such as healthcare, food and beverage, and manufacturing. Factors contributing to this demand include the increasing usage of organic compounds, hydroxyl groups, sugar alcohols, and carbohydrates in low-calorie food and beverage production, as well as the growing preference for table sugar alternatives in candies and confectionery products. Additionally, the transition towards cleaner energy sources and the rising adoption of hydrogen as a fuel are expected to further boost market growth. Despite these opportunities, the market may face challenges from fluctuating raw material prices and increasing competition.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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