Mexico Air Separation Plant Market Outlook

mexico is one of the most promising countries in the world in terms of air separation plant markets. it has a diverse range of industries and its energy mix, which has seen growth in the hydrocarbons category, is enabling the country to strengthen its position in the evolving global gas industry. as a result, the demand of mexico air separation plant markets has seen a tremendous rise over the last few years. according to the mexican energy agency, the country has nearly tripled its installed capacity since 2009, making it one of the largest operators of air separation plants in latin america. the main drivers for the air separation plants market in mexico are the rising population, growing industrial activities, demand for high-purity product gases, and the need for reliable supplies of natural gas for energy and production. in addition, the country is also exploring opportunities in the liquefied natural gas (lng) and compressed natural gas (cng) markets in order to boost its air separation plant capacities. various governmental initiatives in the energy sector, such as the recent readjustment to the structure of natural gas delivery bills, have made it easier for manufacturers and suppliers to access and operate reliable air separation plants. this, in turn, has encouraged foreign direct investment and the market is expected to witness significant growth rate over the forecast period. additionally, the adoption of renewable sources of energy has increased significantly, and this is likely to further fuel the demand for air-separation plants over the next several years. moreover, as the prices of natural gas continue to remain low, there is renewed interest among industry players in the country for using natural gas in their respective plants. thus, overall, the outlook of the mexico air separation plant market is positive and is projected to grow at a healthy rate between 2018 to 2032.