Mexico Industrial Gases Market Size & Outlook, 2023-2030
Mexico industrial gases market, 2018-2030 (US$M)
Related Markets
Mexico industrial gases market highlights
- The Mexico industrial gases market generated a revenue of USD 1,958.7 million in 2023 and is expected to reach USD 2,642.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial gases market data book summary
| Market revenue in 2023 | USD 1,958.7 million |
| Market revenue in 2030 | USD 2,642.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.9% of the global industrial gases market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial gases market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 5,595.7 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico industrial gases market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 26.03% in 2023. Horizon Databook has segmented the Mexico industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
In 2020, Mexico held a revenue share of 8.7% of the North American industrial gases market. Manufacturing and healthcare are some of the major application segments of the industrial gases in Mexico.
The expansion of the healthcare industry in Mexico is projected to stimulate growth in the industrial market owing to the increasing use of industrial gases such as oxygen and nitrogen in various healthcare-related R&D and clinical applications. Industrial gases have been used in the Mexican food industry for ages.
These gases find a considerable number of applications, including use in flash freezing, beverage carbonation, fruit ripening, and shelf-life extension, among others. Liquid nitrogen is commonly used to freeze meats, including beef, pork, chicken, and fish, both raw and partially prepared, as well as fruits, vegetables, ice cream, and baked goods.
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Target buyers of Mexico industrial gases market databook
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico industrial gases market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico industrial gases market size, by product, 2018-2030 (US$M)
Mexico Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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