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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

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Supply Mode

Breakup by Type

  • Nitrogen
  • Oxygen
  • Carbon Dioxide
  • Argon
  • Hydrogen
  • Others
Breakup by Application
  • Manufacturing
  • Metallurgy
  • Energy
  • Chemicals
  • Healthcare
  • Others
Breakup by Supply Mode
  • Packaged
  • Bulk
  • On-Site
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Air Liquide S.A
  • AOC MÉXICO, S.A. of C.V
  • Linde plc
  • Grupo Infra
  • Others

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Mexico Industrial Gases Market Analysis

    8.1    Key Industry Highlights
    8.2    Mexico Industrial Gases Historical Market (2018-2022) 
    8.3    Mexico Industrial Gases Market Forecast (2023-2028)
    8.4    Mexico Industrial Gases Market by Type
        8.4.1    Nitrogen
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Oxygen
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Carbon Dioxide
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Argon
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Hydrogen
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Mexico Industrial Gases Market by Application
        8.5.1    Manufacturing
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Metallurgy
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Energy
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Chemicals
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Healthcare
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Mexico Industrial Gases Market by Supply Mode
        8.6.1    Packaged
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Bulk
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    On-Site
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Key Indicators for Demand
    9.3    Key Indicators for Price
10    Trade Data Analysis 
    10.1    Major Importing Countries
        10.1.1    By Volume
        10.1.2    By Value
    10.2    Major Exporting Countries
        10.2.1    By Volume
        10.2.2    By Value
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Air Liquide S.A
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    AOC MÉXICO, S.A. of C.V
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Linde plc
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Grupo Infra
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Others
12    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Mexico Industrial Gases Market: Key Industry Highlights, 2018 and 2028
2.    Mexico Industrial Gases Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Mexico Industrial Gases Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Mexico Industrial Gases Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Mexico Industrial Gases Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Mexico Industrial Gases Historical Market: Breakup by Supply Mode (USD Million), 2018-2022
7.    Mexico Industrial Gases Market Forecast: Breakup by Supply Mode (USD Million), 2023-2028
8.    Major Exporting Countries by Value
9.    Major Importing Countries by Value
10.    Major Exporting Countries by Volume
11.    Major Importing Countries by Volume
12.    Mexico Industrial Gases Market Structure

Key Questions Answered in the Report

In 2022, the market for industrial gases in Mexico attained a value of nearly USD 2.18 billion.

The market is projected to grow at a CAGR of 5.40% between 2023 and 2028.

The Mexico industrial gases market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2.99 billion by 2028.

The major drivers of the market include rapid industrialisation, growing demand for advanced industrial gases in the electronics industry, rising investments from companies, and surge in the use of speciality gases.

Increasing applications of industrial gases in several industries and rising crude oil demand are the key industry trends propelling the growth of the market.

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.

The major players in the market are Air Liquide S.A, AOC MÉXICO, S.A. of C.V, Linde plc, and Grupo Infra, among others.

Through gas tankers, industrial gases are delivered to end-use industries in both liquefied and gaseous forms.

Cryogenic distillation or adsorption technique is used to purify the vast majority of industrial gases.

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