IMARC Group has recently released a new research study titled “Mexico Industrial Gas Market Size, Share, Trends and Forecast by Type, Application, Supply Mode, and Region, 2025-2033” which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico industrial gas market size was USD 1.64 Million in 2024 and is forecast to reach USD 2.37 Million by 2033, growing at a CAGR of 4.17% during 2025-2033. Growth in manufacturing, healthcare, and food and beverage industries, along with rising demand for clean energy solutions such as hydrogen, drives market expansion. Technological advancements in gas production and distribution also propel growth, positioning Mexico as a key player in the industrial gas sector. 

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Mexico Industrial Gas Market Key Takeaways

• Current Market Size: USD 1.64 Million in 2024
• CAGR: 4.17% (2025-2033)
• Forecast Period: 2025-2033
• The industrial gas market growth is driven by increasing demand in manufacturing, healthcare, and food and beverage sectors.
• Mexico is investing in renewable energy sources, especially green hydrogen, supported by the National Energy Plan 2024-2030 with USD 23.4 Billion investment.
• Expansion of LNG production capabilities, such as the new facility offshore Altamira with a capacity of 1.4 Million Tons per year, boosts market growth.
• Companies like Air Liquide and Cryoinfra are increasing production capacity through new hydrogen plants and air separation units.

Sample Request Link: https://www.imarcgroup.com/mexico-industrial-gas-market/requestsample

Mexico Industrial Gas Market Growth Factors

Mexico's industrial gas market growth is fueled by robust investments in production capacity, particularly in hydrogen and air separation plants. Companies such as Air Liquide and Cryoinfra are expanding facilities to supply critical gases like hydrogen and nitrogen to diverse industries. The government’s commitment to renewable energy is exemplified by the National Energy Plan 2024-2030 which entails a substantial USD 23.4 Billion investment, fostering green hydrogen and sustainability, thus propelling market expansion.

The increasing focus on clean energy solutions is also evident in the liquefied natural gas (LNG) segment. The development of LNG production facilities, including offshore installations like the Altamira fast LNG plant with a production capacity of 1.4 Million Tons per year by New Fortress Energy, underscores Mexico’s strategic position in global energy markets. This capacity supports meeting both domestic and international energy demand, especially for power generation and transportation, enhancing export capabilities.

Technological advancements in gas production and distribution further stimulate market growth. Enhanced infrastructure and innovative production methods enable stable, cost-effective supply of industrial gases. The increasing demand from vital sectors such as manufacturing, healthcare, chemicals, and food and beverage, combined with national policies emphasizing sustainability and clean energy integration, create a favorable environment for steady market growth during the forecast period.

Mexico Industrial Gas Market Segmentation

Type Insights:

• Nitrogen: A major industrial gas widely used across sectors for various applications including manufacturing and metallurgy.
• Oxygen: Essential for healthcare and chemical industries, oxygen is a key segment in the gas market.
• Carbon Dioxide: Used extensively in food and beverage industries and other applications.
• Argon: Important for manufacturing and metallurgy applications.
• Hydrogen: Increasingly demanded for clean energy and industrial uses.
• Others: Includes additional industrial gases relevant to various applications.

Application Insights:

• Manufacturing: Utilizes a broad range of industrial gases for production processes.
• Metallurgy: Requires gases like argon and nitrogen for metal processing.
• Energy: Focus on clean energy gases including hydrogen and LNG.
• Chemicals: Industrial gases serve as feedstocks and processing aids.
• Healthcare: Medical-grade gases critical for healthcare delivery.
• Others: Additional varied applications across sectors.

Supply Mode Insights:

• Packaged: Gas supplied in containers for smaller scale or portable use.
• Bulk: Large volume supply for heavy industrial usage.
• On-Site: Gas produced or stored at the customer's facility to meet demand.

Regional Insights

Northern Mexico, Central Mexico, and Southern Mexico are the major regional markets, with unspecified exact dominance in the provided data. The report mentions all these regions along with others but does not provide specific market shares or growth rates by region.

Summary: The Mexico industrial gas market covers Northern, Central, Southern Mexico, and other regions, reflecting a geographically diverse market landscape.

Speak to an Analyst: https://www.imarcgroup.com/request?type=report&id=36792&flag=C

Recent Developments & News

In July 2024, New Fortress Energy achieved its first liquefied natural gas production at the Fast LNG facility offshore Altamira, Mexico. The plant has a production capacity of 1.4 Million Tons per year, targeting low-cost, clean LNG delivery to downstream terminal customers. Companies like Air Liquide and Cryoinfra are also increasing production capacities by establishing new hydrogen plants and air separation units. The government supports these developments through the National Energy Plan 2024-2030, allocating USD 23.4 Billion towards renewable energy, including green hydrogen.

Key Players

• Air Liquide
• Cryoinfra
• New Fortress Energy

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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