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

Name: Europe Industrial Gases Market Research Report: Forecast (2026-2032)
Creator: MarkNtel Advisors
License: https://www.marknteladvisors.com/privacy-policy

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

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Europe Industrial Gases Market

Projected 5.60% CAGR from 2026 to 2032

Study Period

2026-2032

Market Size (2025)

USD 17.50 Billion

Market Size (2032)

USD 22.98 Billion

Base Year

2025

Projected CAGR

5.60%

Leading Segments

By Supply Mode: Packaged gas supply

Source: MarkNtel Advisors

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.

Europe Industrial Gases Market Growth Outlook 2026–2032

Europe Industrial Gases Market Trends:

Growth of CO₂ Management Ecosystems

Europe is witnessing a trending shift from standalone gas supply to integrated CO₂ capture, transport, and storage networks. Its pipeline network is expected to stretch 6,700 to 7,300 km by 2030 and expand to 15,000 to 19,000 km by 2050, entailing investments between USD10.8 billion and USD26.9 billion. For instance, a new onshore CO₂ pipeline planned in Belgium and the Netherlands aims to connect emissions clusters to North Sea storage hubs. Additionally, as infrastructure densifies, industrial gas providers are bundling CO₂ purification, compression, and handling services, thereby capturing margin and reinforcing customer lock-in.

Cluster Co-Location and Gas Valorization Corridors

Decarbonization strategies in Europe are pushing industrial hubs in the region to co-locate gas and CCUS assets to exploit synergies in shared utilities and feedstocks. In 2024, an academic research showed that industrial clusters deploying carbon capture and hydrogen systems exhibit 10 to 15% lower energy overheads due to shared thermal networks and optimized logistics. For instance, in a German chemical cluster, adjacent facilities sharing an oxygen/nitrogen/hydrogen utility train reduced duplication and cut capital costs. This cluster approach is encouraging long-term contracts for industrial gases and is raising the entry barriers for new suppliers.

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Europe Industrial Gases Market Challenges:

Strict Regulations Hindering Market Growth

Europe’s newly adopted methane regulation raises importers’ obligations to disclose upstream emissions and enforce low methane intensity by 2027. In March 2025, Eurogas warned that this raises “significant” security of gas supply risks as many LNG contracts lack compliant data. For instance, a US LNG supplier is renegotiating terms to include methane-reporting clauses to retain access to EU markets. Policy uncertainty and the cost of methane compliance can deter conventional gas sourcing for industrial gas producers. Because 90% of the EU gas supply is imported, that increases feedstock risk and constrains conventional gas-derived industrial gas economics.

Europe Industrial Gases Market (2026-32) Segmentation Analysis:

The Europe Industrial Gases Market Report and Forecast 2026-2032 offers a detailed analysis of the market based on the following segments:

Based on Supply Mode

Packaged Gas Supply (Merchant Sales)
Bulk or Liquid Gas Supply
Onsite Generation or Pipeline Supply
Gas-as-a-Service Model

Packaged gas supply is the largest mode in Europe by value, comprising about 41% of the EU-27 market in 2023 according to EIGA data. It leads because many customers require flexibility for smaller demand volumes, frequent delivery, and simpler infrastructure investment compared to onsite generation or pipelines. For instance, small metal fabrication shops and regional laboratories source nitrogen and argon in cylinders or bundles rather than build on-site capacity. That reduces capital burden and risk and makes merchant packaged supply dominant among SMEs and non-continuous users.

Based on End-User Industry

Oil and Gas
Petrochemicals and Chemicals
Power and Energy
Mining, Steelmaking, Metals
Healthcare
Food and Beverages
Fertilizers
Others

The petrochemicals and chemicals industry is Europe’s top consumer of industrial gases, representing over 20% of the market by value in recent years. Its lead comes from high requirements for hydrogen in hydrotreating, oxygen for oxidation processes, nitrogen for inerting and purge gas, and carbon dioxide for reactive feedstock. For instance, in 2024, chemical processing used hydrogen volumes for hydrotreaters, rising sharply under low sulfur fuel regulations in the EU, such that demand from that industry outpaces many others. The technical intensity and regulatory obligations in refining and chemicals make them a stable, high-volume segment.

Leading Manufacturers of the European Industrial Gases Market:

Linde plc

Linde plc is the world’s largest industrial gas supplier by market share and revenue. It produces gases like oxygen, nitrogen, argon, hydrogen, specialty gases, and delivers via on-site, bulk, and cylinder supply modes. Headquartered with legal domicile in Ireland, the company had more than 65,000 employees globally as of 2024 and generated over USD33 billion in revenues that year.

Europe Industrial Gases (2026-32): Regional Projection

The market for Industrial Gases in Europe is dominated by Germany due to its outsized manufacturing footprint and dense chemical and steel clusters that create concentrated demand for oxygen, nitrogen, hydrogen, and specialty gases. Germany accounted for 26% of the EU value of sold industrial production in 2024, which channels a large volume of onsite and bulk gas requirements. For instance, the Ludwigshafen chemical complex is the world’s largest integrated site, and BASF has commissioned a 54 MW electrolyzer there to supply zero-carbon hydrogen and associated gas flows. This concentration of heavy industry makes Germany the principal European market for industrial gas capacity and investment.

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Europe Industrial Gases Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
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Frequently Asked Questions

A. The Europe Industrial Gases Market is expected to grow at a compound annual growth rate (CAGR) of around 5.60% over the forecast period.

A. 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.

A. Carbon-cost escalation is expected to drive the Europe Industrial Gases Market during 2026-32.

A. Linde plc, Air Liquide S.A., Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group SE & Co. KGaA, Nippon Sanso Holdings Corporation, Iwatani Corporation, Air Water Inc., SOL Group, Yingde Gases Group, and others are the top companies in the Europe Industrial Gases Market.

A. The petrochemicals and chemicals industry held the largest share of the Europe Industrial Gases Market.

A. The growth of CO₂ management ecosystems is the key trend shaping the growth of the Europe Industrial Gases Market.

A. Strict regulations are the possible restraints affecting the growth of the Europe Industrial Gases Market.

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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