Europe Industrial Gases Market Trends: Growth, Share, Value, Size, and Analysis By 2032

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 Outlook:

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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.

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Comprehensive Analysis: Preview detailed market analysis, including segmentation, competitive landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/industrial-gases-market-europe.html

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

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.

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About us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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