As per MarkNtel Advisors the Europe Industrial Gases Market size is valued at around USD 17.50 billion in 2025 and is projected to reach USD 22.98 billion by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.60% during the forecast period, i.e., 2026-32.
Europe Industrial Gases Market Systems Market Key Takeaways:
The industrial gases sector in Europe is energy-intensive and exposed to higher energy costs, which materially affect production economics. Total CO2 product capacity in the EU is about 6.08 million tonnes per annum in 2024, and energy price pressure was explicitly called out as a 2024 market headwind for the sector.
Hydrogen is a rapidly growing new demand stream for industrial gases, with electrolytic capacity more than doubling in recent years to about 385 MW equivalent by September 2024. Hydrogen demand scenarios show substantial upside by 2030, driven by mobility and industrial decarbonization, which will shift hydrogen production from fossil-based to renewable and low-carbon routes.
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Europe Industrial Gases Market Systems Market Segmentation:
By Gas
- Nitrogen – Market Size & Forecast 2020-2032, USD Million
- Oxygen – Market Size & Forecast 2020-2032, USD Million
- Carbon dioxide – Market Size & Forecast 2020-2032, USD Million
- Argon – Market Size & Forecast 2020-2032, USD Million
- Hydrogen – Market Size & Forecast 2020-2032, USD Million
- Helium – Market Size & Forecast 2020-2032, USD Million
- Acetylene – Market Size & Forecast 2020-2032, USD Million
- Others – Market Size & Forecast 2020-2032, USD Million
By Application
- Combustion and process oxygen – Market Size & Forecast 2020-2032, USD Million
- Welding and metal fabrication – Market Size & Forecast 2020-2032, USD Million
- Inerting blanketing and heat treating – Market Size & Forecast 2020-2032, USD Million
- Cryogenics and liquefaction – Market Size & Forecast 2020-2032, USD Million
- Chemical synthesis and hydrogenation – Market Size & Forecast 2020-2032, USD Million
- Purging and purifications – Market Size & Forecast 2020-2032, USD Million
- Analytical and calibration – Market Size & Forecast 2020-2032, USD Million
By Supply Mode
- Packaged Gas Supply (Merchant Sales) – Market Size & Forecast 2020-2032, USD Million
- Bulk or Liquid Gas Supply – Market Size & Forecast 2020-2032, USD Million
- Onsite Generation or Pipeline Supply – Market Size & Forecast 2020-2032, USD Million
- Gas-as-a-Service Model – Market Size & Forecast 2020-2032, USD Million
By End-User Industry
- Oil and Gas – Market Size & Forecast 2020-2032, USD Million
- Petrochemicals and Chemicals – Market Size & Forecast 2020-2032, USD Million
- Power and Energy – Market Size & Forecast 2020-2032, USD Million
- Mining, Steelmaking, Metals – Market Size & Forecast 2020-2032, USD Million
- Healthcare – Market Size & Forecast 2020-2032, USD Million
- Food and Beverages – Market Size & Forecast 2020-2032, USD Million
- Fertilizers – Market Size & Forecast 2020-2032, USD Million
- Others – Market Size & Forecast 2020-2032, USD Million
By Region
- Germany
- United Kingdom (UK)
- France
- Italy
- Belgium
- Spain
- Sweden
- Netherlands
- Rest of Europe
Europe Industrial Gases Market Recent Development:
December 10, 2024
Air Liquide was awarded a 110 million euro grant from the European Innovation Fund for its ENHANCE project in the port of Antwerp, Bruges, to develop large-scale low-carbon hydrogen production and liquefaction infrastructure. The award signals targeted EU support to scale electrolyzer-based and liquefaction capacity for industrial gas players in Europe.
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Europe Industrial Gases Market Drivers:
Carbon-Cost Escalation Forcing Switchover
The rising cost of CO₂ emissions under the EU Emissions Trading Scheme is reshaping industrial sourcing of gases. In 2024, carbon allowance prices hovered near USD75.54 per ton, making high-emission gas production routes increasingly uneconomic. For instance, steelmakers in northern Sweden are adopting hydrogen-based reducing agents instead of coke, given the carbon penalty burden. This shift compels industries to source low- or zero-carbon gases (oxygen, hydrogen, nitrogen), altering supplier dynamics and investment direction across Europe. The resulting structural cost pressure is incentivizing capital expenditure on new air separation and electrolyzer facilities. Companies that adapt production portfolios to lower emission pathways can improve competitiveness and secure long-term offtake agreements.
Report Highlights Essential Insights for Strategic Decision-Making
- Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand
Some of the leading players in the Europe Industrial Gases Market are:
- Linde plc
- Air Liquide S.A.
- Air Products and Chemicals, Inc.
- Taiyo Nippon Sanso Corporation
- Messer Group SE & Co. KGaA
- Taiyo Nippon Sanso
- Nippon Sanso Holdings Corporation
- Iwatani Corporation
- Air Water Inc.
- SOL Group
- Yingde Gases Group
- Others
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Research Methodology Summary
A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.
Key Steps:
- Define objectives and research design
- Collect data through surveys and interviews
- Analyze and validate data using reliable tools
- Forecast trends and deliver actionable insights
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