Mexico Industrial Gas Market Market Share, Size, In-Depth Analysis and Forecast Report by 2033

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 reached USD 1.64 Million in 2024 and is projected to reach USD 2.37 Million by 2033, growing at a CAGR of 4.17% during the forecast period 2025-2033. Growth is driven by expanding manufacturing, healthcare, and food and beverage sectors, alongside increasing demand for clean energy solutions like hydrogen and technological advancements in gas production and distribution.

Study Assumption Years

●     Base Year: 2024

●     Historical Year/Period: 2019-2024

●     Forecast Year/Period: 2025-2033

Mexico Industrial Gas Market Key Takeaways

●     Current Market Size: USD 1.64 Million (2024)

●     CAGR: 4.17% (2025-2033)

●     Forecast Period: 2025-2033

●     Robust growth in the manufacturing, healthcare, and food and beverage sectors supports market expansion.

●     Increasing demand for clean energy, particularly hydrogen, contributes to market growth.

●     Technological advancements in gas production and distribution are key growth drivers.

●     The government's National Energy Plan 2024-2030 supports renewable energy including green hydrogen with USD 23.4 Billion investment.

●     Companies like Air Liquide and Cryoinfra are expanding production capacity.

●     Growth in liquefied natural gas (LNG) capacity with the new facility offshore Altamira enhances Mexico's LNG production and export capabilities.

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Mexico Industrial Gas Market Growth Factors

The Mexico industrial gas market is propelled by rapid growth in manufacturing, healthcare, and food and beverage sectors, which increases demand for industrial gases used in production, processing, and packaging. Additionally, the rise in clean energy initiatives, particularly hydrogen energy, is boosting demand for green hydrogen production, supported by government policies and investments like the National Energy Plan 2024-2030 that allocates USD 23.4 Billion for renewable energy including green hydrogen.

Technological advancements in gas production and distribution facilities also fuel the market expansion. Companies such as Air Liquide and Cryoinfra are boosting production capacity by establishing new hydrogen plants and air separation units, improving supply reliability of vital gases like hydrogen and nitrogen. This infrastructure investment supports sustainable industrial growth and energy transitions within the region.

Another significant driver is the expansion in liquefied natural gas (LNG) production and export capacity. The offshore Altamira LNG plant, started by New Fortress Energy in July 2024, has a production capacity of 1.4 Million Tons per year, providing low-cost, clean LNG to downstream terminal customers. This development positions Mexico as a key player in the global LNG market, meeting the increasing industry demand for cleaner energy and advancing Mexico's energy goals.

Mexico Industrial Gas Market Segmentation

Type Insights:

●     Nitrogen

●     Oxygen

●     Carbon Dioxide

●     Argon

●     Hydrogen

●     Others

These represent the major industrial gases segmented in the market, including essential gases like nitrogen, oxygen, and hydrogen utilized across various industries.

Application Insights:

●     Manufacturing

●     Metallurgy

●     Energy

●     Chemicals

●     Healthcare

●     Others

Applications cover industries that use industrial gases in processes such as manufacturing, metal processing, energy generation, chemical production, and healthcare.

Supply Mode Insights:

●     Packaged

●     Bulk

●     On-Site

The market supply modes include packaged gas cylinders, bulk supply, and on-site gas generation or supply, addressing different customer needs.

Regional Insights:

●     Northern Mexico

●     Central Mexico

●     Southern Mexico

●     Others

Market distribution spans major geographic regions including Northern, Central, and Southern Mexico, each contributing to overall market dynamics.

Regional Insights

Northern Mexico is a dominant region within the Mexico industrial gas market. Specific statistics such as market share or CAGR by region are not provided in the source. The region benefits from industrial gas demand driven by manufacturing and energy sectors, supported by infrastructure growth and investments in clean energy, enhancing its role in the supply of industrial gases.

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

Recent Developments & News

In July 2024, New Fortress Energy successfully began production at the Fast LNG facility offshore Altamira, Mexico, with a capacity of 1.4 Million Tons per year to supply low-cost, clean liquefied natural gas to downstream customers. This marks a significant expansion in Mexico’s LNG production and export capabilities. Additionally, companies like Air Liquide and Cryoinfra are expanding production capacity by establishing new hydrogen plants and air separation units to meet increasing demand from various industries.

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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