Mexico Noble Gas Market Size & Outlook, 2023-2030
Mexico noble gas market, 2018-2030 (US$M)
Related Markets
Mexico noble gas market highlights
- The Mexico noble gas market generated a revenue of USD 41.1 million in 2023 and is expected to reach USD 55.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, helium was the largest revenue generating product in 2023.
- Argon is the most lucrative product segment registering the fastest growth during the forecast period.
Noble gas market data book summary
| Market revenue in 2023 | USD 41.1 million |
| Market revenue in 2030 | USD 55.9 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Helium |
| Fastest growing segment | Argon |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Helium, Neon, Argon, Krypton, Xenon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Basf SE, Linde PLC, Nippon Sanso Holdings Corp, Northrop Grumman Corp, Iwatani Corp, Resonac Holdings Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.5% of the global noble gas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. noble gas 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 182.0 million by 2030.
Helium was the largest segment with a revenue share of 44.53% in 2023. Horizon Databook has segmented the Mexico noble gas market based on helium, neon, argon, krypton, xenon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Ongoing technological advancements and increasing investments in Mexico's manufacturing sector are expected to fuel the demand for noble gas in the country. The surging demand for these gases for use in welding and cutting applications in Mexico is anticipated to fuel the market growth in the country over the forecast period.
Further, the flourishing healthcare sector in Mexico is another significant driver impacting the growth of the noble gas market in the country owing to the increased usage of these gas in medical applications such as mechanical ventilation systems, magnetic resonance imaging (MRI) equipment, and nuclear magnetic resonance imaging (NMRI) equipment. Noble gas is also used as an anesthetic. They are employed in the medical reanimation process as well.
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Noble Gas Market Scope
Noble Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico noble gas market size, by product, 2018-2030 (US$M)
Mexico Noble Gas Market Outlook Share, 2023 & 2030 (US$M)
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