The Mexico industrial gas cylinders market size reached USD 99.77 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 143.36 Million by 2033, exhibiting a growth rate (CAGR) of 4.11% during 2025-2033. The market is driven by rising demand from Mexico’s expanding manufacturing sector, particularly the automotive and aerospace industries, which rely on industrial gases for welding and cutting applications. Growth is further fueled by increasing foreign investments in export-oriented factories and stricter safety regulations mandating high-quality, certified cylinders. Additionally, the shift toward lightweight composite cylinders, offering superior safety and portability, is gaining traction across the healthcare and energy sectors, further augmenting the Mexico industrial gas cylinders market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 99.77 Million |
Market Forecast in 2033 | USD 143.36 Million |
Market Growth Rate 2025-2033 | 4.11% |
Increasing Demand for Industrial Gas Cylinders in Mexico’s Manufacturing Sector
The market is experiencing significant growth due to rising demand from the manufacturing sector. Industries such as automotive, aerospace, and metal fabrication rely heavily on industrial gases, including oxygen, nitrogen, and argon for welding, cutting, and inerting applications. As Mexico strengthens its position as a global manufacturing hub, the need for reliable and high-capacity gas cylinders has accelerated. Additionally, the expansion of maquiladoras (export-oriented factories) and foreign investments in industrial infrastructure are driving market growth. Mexico attracted USD 36 billion in Foreign Direct Investment (FDI) in 2023, solidifying its position as the ninth-largest recipient of FDI globally. The manufacturing, financial, and energy industries are the most prevalent, with significant interest in infrastructure and nearshoring programs, especially in areas such as semiconductors and electromobility. This foreign investment boom reflects the growing importance of various industries, such as industrial gas cylinders, in supporting Mexico's changing industrial and energy infrastructure. Companies are increasingly adopting advanced gas storage solutions to enhance operational efficiency and safety. Furthermore, stringent workplace safety regulations are pushing manufacturers to use certified and durable cylinders, increasing demand for high-quality products. With the manufacturing sector expected to grow steadily, the industrial gas cylinders market in Mexico is poised for continued expansion in the coming years.
Shift Toward Lightweight and Composite Gas Cylinders
The growing preference for lightweight and composite cylinders over traditional steel cylinders is propelling the Mexico industrial gas cylinders market growth. Composite cylinders, made from materials such as carbon fiber, offer advantages such as reduced weight, higher corrosion resistance, and improved safety due to their ability to withstand higher pressures. Industries such as healthcare, food and beverage, and energy are increasingly adopting these cylinders for easier handling and transportation. Additionally, the oil and gas sector in Mexico is utilizing composite cylinders for portable gas storage in remote operations. Mexico is the 4th highest oil producer in the Americas, with proven oil reserves of 5.978 billion barrels (2024) and natural gas production reaching 190.3 billion cubic meters (2023). In addition, Mexico is focused on reducing the emission of associated gas and is taking measures to improve oil field infrastructure through large-scale projects. Industrial gas cylinders are expected to benefit as Mexico increases its production of oil and gas. The shift is also driven by environmental concerns, as composite cylinders have a longer lifespan and are more recyclable. While steel cylinders still dominate the market due to lower costs, manufacturers are investing in composite technology to meet changing customer demands. This trend is expected to accelerate as advancements in material science make composite cylinders more cost-effective.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes steel industrial gas cylinder, aluminum industrial gas cylinder, and composite industrial cylinder.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes general industry, chemical energy, food industry, medical industry, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Steel Industrial Gas Cylinder, Aluminum Industrial Gas Cylinder, Composite Industrial Cylinder |
Applications Covered | General Industry, Chemical Energy, Food Industry, Medical Industry, Others |
Regions Covered | Northern Mexico, Central Mexico, Southern Mexico, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: