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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Industrial Gases Market Trends
Mexico ranks as the world's seventh-largest producer of passenger vehicles, with an annual output of around 3.5 million units. Notable automakers in Mexico include Audi, BMW, Ford, General Motors, and Honda. Industrial gases play a crucial role in automotive manufacturing. For instance, car indicator lamps contain argon and nitrogen, and automotive air conditioning heat exchangers are often assembled in a controlled hydrogen or nitrogen atmosphere.
The Mexican transportation sector accounts for 26% of the country’s total GHG emissions and is the largest source of emissions in Mexico. The electrification of the vehicle fleet is among the measures to comply with Mexico’s Nationally Determined Contribution (NDC) to lower GHG emissions. The country aims at reducing its emissions by 35% by 2030. Hydrogen is a crucial industrial gas that finds use in fuel cells to generate electricity without emitting GHG. Fuel cell and hydrogen heavy-duty trucks and buses could provide Mexico’s transportation sector a zero-carbon alternative.
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.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124