The Industrial gases market in Europe is experiencing significant growth, with the market size expected to reach USD 0.52 billion by 2033, showcasing a steady rise from USD 0.31 billion in 2024. Industrial gases such as oxygen, nitrogen, carbon dioxide, hydrogen, and specialty gases are pivotal across various sectors including manufacturing, healthcare, and energy. The demand for these gases remains high due to industrialization, urbanization, and the shift towards sustainable energy sources. Notably, hydrogen stands out as a key player in decarbonization efforts, with the European Commission emphasizing its role in achieving carbon neutrality by 2050. The healthcare sector has also emerged as a major consumer of industrial gases, particularly medical oxygen, with a 12% annual demand surge since 2020. The importance of oxygen in emergency care, highlighted during the COVID-19 pandemic, has led to increased investments in medical gas supply chains. However, challenges such as high energy costs in production and stringent environmental regulations present obstacles to market growth, impacting operational efficiency and profitability for manufacturers. Despite these challenges, the market presents opportunities for growth, especially with the expanding role of hydrogen in renewable energy applications. The EU's focus on producing 40 gigawatts of green hydrogen by 2030 is expected to drive demand for industrial gas manufacturers. Investments in hydrogen infrastructure have been steadily increasing, supported by policies promoting renewable energy integration and reduced reliance on fossil fuels. While the market faces hurdles, the drive towards sustainability and innovation continues to shape the landscape of industrial gases in Europe.