Europe Specialty Gas Market Size & Outlook, 2023-2028

The specialty gas market in Europe is expected to reach a projected revenue of US$ 3,241.5 million by 2028. A compound annual growth rate of 7.2% is expected of Europe specialty gas market from 2024 to 2028.
Revenue, 2023 (US$M)
$2,293.8
Forecast, 2028 (US$M)
$3,241.5
CAGR, 2024 - 2028
7.2%
Report Coverage
Europe

Europe specialty gas market highlights

  • The Europe specialty gas market generated a revenue of USD 2,293.8 million in 2023.
  • The market is expected to grow at a CAGR of 7.2% from 2024 to 2028.
  • In terms of segment, carbon gases was the largest revenue generating product in 2023.
  • Ultra-High Purity Gases is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2028.

Europe data book summary

Market revenue in 2023USD 2,293.8 million
Market revenue in 2028USD 3,241.5 million
Growth rate7.2% (CAGR from 2023 to 2028)
Largest segmentCarbon gases
Fastest growing segmentUltra-High Purity Gases
Historical data covered2016 - 2022
Base year for estimation2023
Forecast period covered2024 - 2028
Quantitative unitsRevenue in USD million
Market segmentationUltra-High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases
Key market players worldwideAir Products & Chemicals Inc, Air Liquide SA, Linde PLC, Nippon Sanso Holdings Corp, Wesfarmers Ltd, Resonac Holdings Corp

Other key industry trends

  • In terms of revenue, Europe region accounted for 20.0% of the global specialty gas market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 8,997.5 million by 2028.

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Specialty Gas Market Companies

Name Profile # Employees HQ Website

Europe specialty gas market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty gas market will help companies and investors design strategic landscapes.


Carbon gases was the largest segment with a revenue share of 26.22% in 2023. Horizon Databook has segmented the Europe specialty gas market based on ultra-high purity gases, noble gases, carbon gases, halogen gases covering the revenue growth of each sub-segment from 2016 to 2028.


  • Europe Specialty Gas Product Outlook (Revenue, USD Million, 2016-2028)
    • Ultra-High Purity Gases
    • Noble Gases
    • Carbon Gases
    • Halogen Gases
    • Others
  • Europe Specialty Gas Application Outlook (Revenue, USD Million, 2016-2028)
    • Manufacturing
    • Electronics
    • Healthcare
    • Institutions
    • Others

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Target buyers of Europe specialty gas market databook

  • Our clientele includes a mix of specialty gas market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe specialty gas market , including forecasts for subscribers. This continent databook contains high-level insights into Europe specialty gas market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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Europe specialty gas market size, by country, 2016-2028 (US$M)

Europe Specialty Gas Market Outlook Share, 2023 & 2028 (US$M)

Europe specialty gas market size, by country, 2016-2028 (US$M)

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