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Mexico Industrial Gases Market Share, Size, Trends, Forecast: By Type: Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, Acetylene; By Application: Chemicals, Manufacturing, Metallurgy, Food and Beverages, Healthcare, Electronics, Others; By Supply Mode: On-Site, Packaged, Others; Competitive Landscape; 2024-2032
Mexico Industrial Gases Market Size
The Mexico industrial gases market size was around USD 716.31 million in 2023. The market is estimated to grow at a CAGR of 4% during 2024-2032 to reach a value of USD 986.65 million by 2032.
Key Takeaways
- Grupo Infra and Praxair México are the two major companies that control about 70% of the Mexican oxygen market.
- Mexico has 14 free trade agreements (FTAs) with nations including the USA, Canada, Japan, and Australia as well as the EU. This has promoted trade and aided the growth of the country’s manufacturing sector.
- Industrial gases play a pivotal role in the food processing sector. In 2021, bakery and tortilla production accounted for 25% of total food processing in Mexico, followed by meat and dairy processing.
Industrial gases, primarily nitrogen, oxygen, carbon dioxide, hydrogen, and argon are widely deployed in end-use sectors such as automotive, healthcare, food processing, steel manufacturing, and metal fabrication. Mexico’s manufacturing sector is expanding due to the availability of low-cost skilled labour, which further supports the Mexico industrial gases market growth.
Mexico is the world’s seventh-largest manufacturer of automobiles and produced about 4.0 million cars in 2023. Industrial gases are crucial for automotive manufacturing processes, such as brazing.
Industrial gases, like hydrogen, oxygen, nitrogen, and argon are widely used in the development of PV cells. Renewable energy as a whole is expanding in Mexico, but solar panel manufacturing is one of the largest and fastest-growing segments. Juarez is Mexico's and Latin America’s largest solar panel manufacturing location majorly driven by SunEdison Inc.’s investment in Juarez. The company manufactures over one million solar panels each year in the location.
As of July 2020, Mexico was home to over 60 solar parks with an installed capacity of 4.8 GW.
Mexico Industrial Gases Market Report Snapshots
Mexico Industrial Gases Market Size
Mexico Industrial Gases Market Trends
Mexico Industrial Gases Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico Industrial Gases Market Analysis
8.1 Key Industry Highlights
8.2 Mexico Industrial Gases Historical Market (2018-2023)
8.3 Mexico Industrial Gases Market Forecast (2024-2032)
8.4 Mexico Industrial Gases Market by Type
8.4.1 Nitrogen
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Oxygen
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Carbon Dioxide
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Argon
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Hydrogen
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Acetylene
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Mexico Industrial Gases Market by Application
8.5.1 Chemicals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Manufacturing
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Metallurgy
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Food and Beverages
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Healthcare
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Electronics
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Mexico Industrial Gases Market by Supply Mode
8.6.1 On-Site
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Packaged
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Bulk
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Key Indicators for Demand
9.3 Key Indicators for Price
10 Trade Data Analysis
10.1 Major Importing Countries
10.1.1 By Volume
10.1.2 By Value
10.2 Major Exporting Countries
10.2.1 By Volume
10.2.2 By Value
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Air Liquide S.A
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 AOC MÉXICO, S.A. of C.V
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Quimobásicos, S.A. de C.V.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Linde plc
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Infra, SA de CV
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Exel Air
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Key Trends and Developments in the Market
List of Figures and Tables
1. Mexico Industrial Gases Market: Key Industry Highlights, 2018 and 2032
2. Mexico Industrial Gases Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Mexico Industrial Gases Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Mexico Industrial Gases Historical Market: Breakup by Application (USD Million), 2018-2023
5. Mexico Industrial Gases Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Mexico Industrial Gases Historical Market: Breakup by Supply Mode (USD Million), 2018-2023
7. Mexico Industrial Gases Market Forecast: Breakup by Supply Mode (USD Million), 2024-2032
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Mexico Industrial Gases Market Structure
Key Questions Answered in the Report
The market attained a value of USD 716.31 million in 2023.
The market is estimated to grow at a CAGR of 4.0% during 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of USD 986.65 million by 2032.
The different types are nitrogen, oxygen, carbon dioxide, argon, hydrogen, and acetylene.
The supply modes include onsite, packaged, and bulk.
The applications include chemicals, manufacturing, metallurgy, food and beverages, healthcare, electronics, and others.
The growing demand from the food processing sector, an increase in steel manufacturing and metal fabrication applications, and Mexico’s move towards clean energy generation are some of the key factors driving the adoption of industrial gases.
The key players in the market include Air Liquide S.A, AOC MÉXICO, S.A. of C.V, Quimobásicos, S.A. de C.V., Linde plc, Infra, SA de CV, and Exel Air, among others.
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