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Europe Industrial Gases Market Research Report: Forecast (2026-2032)

Europe Industrial Gases Market - By Gas (Nitrogen, Oxygen, Carbon dioxide, Argon, Hydrogen, Helium, Acetylene, Others), By Application (Combustion and process oxygen, Welding and...... metal fabrication, Inerting blanketing and heat treating, Cryogenics and liquefaction, Chemical synthesis and hydrogenation, Purging and purifications, Analytical and calibration, By Supply Mode (Packaged Gas Supply (Merchant Sales), Bulk or Liquid Gas Supply, Onsite Generation or Pipeline Supply, Gas-as-a-Service Model, By End-User Industry (Oil and Gas, Petrochemicals and Chemicals, Power and Energy, Mining, Steelmaking, Metals, Healthcare, Food and Beverages, Fertilizers, Others), and others Read more

Energy
Oct 2025
Pages 168
Report Format: PDF, Excel, PPT

Europe Industrial Gases Market Size: Forecast (2026-2032)

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 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.

Europe Industrial Gases Market Key Trends & Developments:

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.

May 01, 2024

Linde signed an agreement to supply industrial gases to the world's first large-scale green steel plant in Boden, Sweden, and will invest about 150 million dollars to build, own, and operate an on-site air separation unit to serve the plant. This deal illustrates near-term industrial demand for large on-site oxygen and nitrogen capacity to support the replacement of blast furnaces with hydrogen-based steelmaking.

Europe Industrial Gases Market Scope:

Category	Segments
By Gas	Nitrogen, Oxygen, Carbon dioxide, Argon, Hydrogen, Helium, Acetylene, Others),
By Application	Combustion and process oxygen, Welding and metal fabrication, Inerting blanketing and heat treating, Cryogenics and liquefaction, Chemical synthesis and hydrogenation, Purging and purifications, Analytical and calibration,
By Supply Mode	Packaged Gas Supply (Merchant Sales), Bulk or Liquid Gas Supply, Onsite Generation or Pipeline Supply, Gas-as-a-Service Model,
By End-User Industry	Oil and Gas, Petrochemicals and Chemicals, Power and Energy, Mining, Steelmaking, Metals, Healthcare, Food and Beverages, Fertilizers, Others), and others

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.

Regulatory Hydrogen Certification and Demand Certainty

Regulatory clarity around renewable hydrogen classification and support schemes is unlocking investment in electrolyzer plants. In February 2024, the European Commission adopted delegated acts defining renewable hydrogen eligibility, tightening supply rules, and ensuring market confidence. For instance, electrolyzer developers in Germany secured funding under those rules, knowing their product qualifies. That security accelerates scale hydrogen generation capacity, which feeds demand for ancillary gases and boosts the European industrial gases value chain. This predictable policy framework is a critical enabler of bankable projects and cross-border pipeline investments. As a result, long-term offtake contracts are emerging, which strengthens demand visibility for industrial gas producers.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Europe Industrial Gases Market Policies, Regulations, and Product Standards
Europe Industrial Gases Market Supply Chain Analysis
Europe Industrial Gases Market Trends & Developments
Europe Industrial Gases Market Dynamics
1. Growth Drivers
2. Challenges
Europe Industrial Gases Market Hotspot & Opportunities
Europe Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
    1. By Gas
      1. Nitrogen – Market Size & Forecast 2020-2032, USD Million
      2. Oxygen – Market Size & Forecast 2020-2032, USD Million
      3. Carbon dioxide – Market Size & Forecast 2020-2032, USD Million
      4. Argon – Market Size & Forecast 2020-2032, USD Million
      5. Hydrogen – Market Size & Forecast 2020-2032, USD Million
      6. Helium – Market Size & Forecast 2020-2032, USD Million
      7. Acetylene – Market Size & Forecast 2020-2032, USD Million
      8. Others – Market Size & Forecast 2020-2032, USD Million
    2. By Application
      1. Combustion and process oxygen – Market Size & Forecast 2020-2032, USD Million
      2. Welding and metal fabrication – Market Size & Forecast 2020-2032, USD Million
      3. Inerting blanketing and heat treating – Market Size & Forecast 2020-2032, USD Million
      4. Cryogenics and liquefaction – Market Size & Forecast 2020-2032, USD Million
      5. Chemical synthesis and hydrogenation – Market Size & Forecast 2020-2032, USD Million
      6. Purging and purifications – Market Size & Forecast 2020-2032, USD Million
      7. Analytical and calibration – Market Size & Forecast 2020-2032, USD Million
    3. By Supply Mode
      1. Packaged Gas Supply (Merchant Sales) – Market Size & Forecast 2020-2032, USD Million
      2. Bulk or Liquid Gas Supply – Market Size & Forecast 2020-2032, USD Million
      3. Onsite Generation or Pipeline Supply – Market Size & Forecast 2020-2032, USD Million
      4. Gas-as-a-Service Model – Market Size & Forecast 2020-2032, USD Million
    4. By End-User Industry
      1. Oil and Gas – Market Size & Forecast 2020-2032, USD Million
      2. Petrochemicals and Chemicals – Market Size & Forecast 2020-2032, USD Million
      3. Power and Energy – Market Size & Forecast 2020-2032, USD Million
      4. Mining, Steelmaking, Metals – Market Size & Forecast 2020-2032, USD Million
      5. Healthcare – Market Size & Forecast 2020-2032, USD Million
      6. Food and Beverages – Market Size & Forecast 2020-2032, USD Million
      7. Fertilizers – Market Size & Forecast 2020-2032, USD Million
      8. Others – Market Size & Forecast 2020-2032, USD Million
    5. By Region
      1. Germany
      2. United Kingdom (UK)
      3. France
      4. Italy
      5. Belgium
      6. Spain
      7. Sweden
      8. Netherlands
      9. Rest of Europe
    6. By Company
      1. Company Revenue Shares
      2. Competitor Characteristics
Germany Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
United Kingdom (UK) Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
France Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
Italy Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
Belgium Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
Spain Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
Sweden Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
Netherlands Industrial Gases Market Outlook, 2026–2032
1. Market Size & Outlook
  1. By Revenue (USD Million)
  2. By Volume Sold (Million Cubic Meters)
2. Market Share & Outlook
  1. By Gas – Market Size & Forecast 2020-2032, USD Million
  2. By Application – Market Size & Forecast 2020-2032, USD Million
  3. By Supply Mode – Market Size & Forecast 2020-2032, USD Million
  4. By End-User Industry – Market Size & Forecast 2020-2032, USD Million
Europe Industrial Gases Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Linde plc
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Air Liquide S.A.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Air Products and Chemicals, Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Taiyo Nippon Sanso Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Messer Group SE & Co. KGaA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Taiyo Nippon Sanso
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Nippon Sanso Holdings Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Iwatani Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Air Water Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. SOL Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Yingde Gases Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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