Mexico Industrial Gas 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, exhibiting a CAGR of 4.17% during the forecast period of 2025-2033. Growth is driven by robust expansions in the manufacturing, healthcare, and food and beverage sectors. Additionally, increasing demand for clean energy solutions, particularly hydrogen, alongside technological advancements in gas production and distribution, continue to propel market expansion.

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 market growth is supported by increased investments in new manufacturing plants such as hydrogen plants and air separation units.

●     Mexico's National Energy Plan 2024-2030 allocates USD 23.4 Billion for renewable energy including green hydrogen, strengthening market prospects.

●     Expansion in liquefied natural gas (LNG) production and export capacity, including a new 1.4 Million Tons per year LNG facility offshore Altamira by New Fortress Energy.

●     Growing demand for clean energy and technological advancements in gas production bolster market growth.

●     Strategic investments are positioning Mexico as a key player in global industrial gas and LNG markets.

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Mexico Industrial Gas Market Growth Factors

Mexico's industrial gas market is witnessing rapid expansion driven by robust investments in new facilities such as hydrogen plants and air separation units, aimed at improving supplies of crucial gases used across industries. The government's focus on renewable energy sources, particularly green hydrogen, is underscored by the National Energy Plan 2024-2030, which includes USD 23.4 Billion investments. This clean energy and sustainability emphasis is fostering extensive infrastructure development, fueling long-term market growth.

Furthermore, the production and export capacity for liquefied natural gas (LNG) is significantly boosting the industrial gas market. The launch of a new offshore LNG facility in Altamira, operated by New Fortress Energy with a production capacity of 1.4 Million Tons per year, highlights Mexico's commitment to supplying low-cost, clean LNG to downstream customers. This move enhances Mexico's global position as a reliable energy supplier, supporting domestic industries and export growth.

Technological advancements in gas production and distribution also drive market expansion. The growth of sectors like manufacturing, healthcare, and food and beverages is intensifying demand for industrial gases such as nitrogen and hydrogen. Companies like Air Liquide and Cryoinfra are enhancing production capacities with new plants, while strategic investments align with Mexico’s energy goals, reinforcing its stature as a key player in the international industrial gas marketplace.

Mexico Industrial Gas Market Segmentation

Type Insights:

●     Nitrogen: Industrial gas widely used in manufacturing and processing industries.

●     Oxygen: Essential gas deployed for various industrial and healthcare applications.

●     Carbon Dioxide: Utilized in food & beverages, chemicals, and other sectors.

●     Argon: Employed in welding and other specialized industrial processes.

●     Hydrogen: Increasingly demanded for clean energy and industrial uses.

●     Others: Includes remaining industrial gases serving niche applications.

Application Insights:

●     Manufacturing: The sector demanding bulk gases for processes and production.

●     Metallurgy: Uses gases for metal processing and refining.

●     Energy: Application of gases in power generation and related activities.

●     Chemicals: Industrial gas consumption in chemical synthesis and processing.

●     Healthcare: Medical gases for treatment and health services.

●     Others: Other assorted industry uses of industrial gases.

Supply Mode Insights:

●     Packaged: Industrial gases supplied in packaged containers.

●     Bulk: Large volume gas supply for industrial needs.

●     On-Site: Direct gas production and supply at customer premises.

Regional Insights

The market is analyzed across Northern Mexico, Central Mexico, Southern Mexico, and other regions. Although the report does not specify which region dominates, strategic investments and capacity expansions are occurring nationwide. Each region contributes to overall market growth, supported by robust industrial and energy sector developments across Mexico.

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Recent Developments & News

In July 2024, New Fortress Energy produced its first liquefied natural gas (LNG) at the Fast LNG facility offshore Altamira, Mexico, with a capacity of 1.4 Million Tons per year, aiming to supply low-cost, clean LNG to downstream terminal customers. Industry leaders such as Air Liquide and Cryoinfra are actively boosting production capacities by establishing new hydrogen plants and air separation units. The Mexican government's National Energy Plan 2024-2030 includes a USD 23.4 Billion investment to support renewable energy initiatives including green hydrogen, accelerating the sector's growth.

Key Players

●     Air Liquide

●     Cryoinfra

●     New Fortress Energy

Customization Note

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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