Mexico Industrial Gases Market Share, Size, Trends, Analysis, Forecast: By Type: Nitrogen, Oxygen, Carbon Dioxide, Argon, Hydrogen, Others; By Application: Manufacturing, Metallurgy, Energy, Chemicals, Healthcare, Others; By Supply Mode: Packaged, Bulk, On-Site; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Mexico Industrial Gases Market Outlook

The Mexico industrial gases market size reached a value of around USD 2.18 billion in 2022. During the forecast period of 2023-2028, the market is expected to grow at a CAGR of 5.40% to reach a value of around USD 2.99 billion by 2028.

Key Trends in the Market

The term ‘industrial gases’ refers to the gaseous substances created for industrial use. Any element, molecule, or even a combination can be considered an industrial gas. Industrial gases often have low molecular weights and unique chemical characteristics, making them advantageous and helpful for a wide range of industries. Some of the commonly used industrial gases are nitrogen, oxygen, argon, carbon dioxide, acetylene, hydrogen, and helium. 

• The growing use of industrial gases in a number of sectors, including healthcare, metals and mining, and food and beverage, is anticipated to fuel the expansion of the Mexico industrial gases market. There is a constant need for industrial gases because they are widely used in the mining, metal, and aerospace industries.

• The electronics industry uses industrial gases like nitrogen trifluoride (NF3), sulphur hexafluoride (SF6), and silane (SiH4) In order to create flat panel displays, compound semiconductors, and advanced components like silicon wafers and integrated circuits. Industrial gases are also required in the electronics sector for innovation and new product development, due to their versatility and expanding applications.

• In addition, the expanding worldwide demand for crude oil and need for refining have increased the demand for the Mexico industrial gases market. Industrial gases are widely used in the oil and gas sector for a wide range of crucial operations, including coiled tubing, drilling, leak testing, well raising, pipe inerting and cooling, subsea works, inspection, maintenance, spool base for pipe building, shipbuilding, and gas analysis, among others.

Mexico Industrial Gases Market Analysis

Based on type, the market is segmented into nitrogen, oxygen, carbon dioxide, argon, and hydrogen, among others. The market is divided on the basis of application into manufacturing, metallurgy, energy, chemicals, and healthcare, among others. Based on supply mode, the market is segmented into packaged, bulk, and on-site. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Mexico industrial gases market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• Air Liquide S.A

• AOC MÉXICO, S.A. of C.V

• Linde plc

• Grupo Infra

• Others

Market Share by Type

Oxygen has accounted for a significant revenue share in the historical period as the thermal efficiency of fuel is known to be improved by oxygen. Oxygen is used for the gasification of coal as well as the treatment of contaminated water and hazardous wastes. In order to reduce pollution, oxygen can also be used in place of chlorine in the pulp and paper sector. Additionally, the medical sector uses oxygen extensively. It is anticipated that in the upcoming years, the demand for industrial oxygen would continue to increase due to the widespread use of oxygen in numerous industries, thus aiding the Mexico industrial gases market growth. In contrast to other industrial gases, oxygen gas has a booming application in the medical field, which contributes to its high demand. It is also necessary as a raw material in various applications due to its oxidising properties.

Market Share by Application

Over the forecast period, the healthcare applications of industrial gases is anticipated to grow at a fast rate. A rise in healthcare spending globally and in Mexico is giving healthcare applications a significant opportunity for expansion. Bulk oxygen is frequently needed in the medical field to reduce the risk of having low oxygen levels in the lungs or other body tissues during surgeries and to enable artificial breathing. Oxygen is also commonly used in the treatment of various pulmonary disorders, and its demand increased further for treatments of COVID-19. In this way, the use of gases in healthcare technology has been expanding rapidly in recent years. Therefore, the growing uses of industrial gases in the healthcare sector is supporting the Mexico industrial gases market.

Competitive Landscape

Air Liquide S.A. is a global leader in gases, technology, and services for various businesses and healthcare end users, with its headquarters in France. Air Liquide, which was founded in 1902, has 66,400 employees worldwide and serves more than 3.8 million clients and patients. The company aims to advance the fields of healthcare and technology as well as solutions for the environment and energy transition, particularly using hydrogen.

Linde plc, with its headquarters in Ireland, is one of the top engineering and industrial gas companies worldwide. The company's two main business activities are construction of cryogenic and non-cryogenic air separation plants and the production of industrial and medicinal gases . Atmospheric gases such as argon, oxygen, nitrogen, and rare gases, and process gases including hydrogen, carbon dioxide, helium, speciality gases, electronic gases, and acetylene, make up the majority of the company's industrial gases products.

Grupo Infra, a Mexican conglomerate of businesses formed in 1919, produces, sells, and distributes a variety of gases, including cryogenic, industrial, high purity, specialised, and medicinal gases. The company offers dedicated products and solutions for applications in mining, automotive, aerospace, oil wells, and healthcare. Apart from commonly used industrial gases, Grupo Infra also designs and matches various gases and gas mixtures to meet customer needs. 

Other market players include AOC MÉXICO, S.A. of C.V, among others.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.