Latin America Carbon Dioxide Market Size & Outlook
Latin America carbon dioxide market, 2018-2030 (US$M)
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Latin America carbon dioxide market highlights
- The Latin America carbon dioxide market generated a revenue of USD 1,087.2 million in 2022.
- The market is expected to grow at a CAGR of 6% from 2023 to 2030.
- In terms of segment, food & beverages was the largest revenue generating application in 2022.
- Food & Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Chile is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,087.2 million |
| Market revenue in 2030 | USD 1,738.1 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Food & Beverages |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Oil & Gas, Medical, Fire Suppressant |
| Key market players worldwide | Lincoln Electric Holdings Inc, Air Products & Chemicals Inc, Linde PLC, Nippon Sanso Holdings Corp, Air Liquide SA, Messer Group, SOL Group, Acail Gas, Greco Gas Inc., Sicgil, Strandmöllen |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.0% of the global carbon dioxide market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,259.0 million by 2030.
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Carbon Dioxide Market Scope
Carbon Dioxide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America carbon dioxide 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 carbon dioxide market will help companies and investors design strategic landscapes.
Food & beverages was the largest segment with a revenue share of 49.09% in 2022. Horizon Databook has segmented the Latin America carbon dioxide market based on food & beverages, oil & gas, medical, fire suppressant covering the revenue growth of each sub-segment from 2018 to 2030.
The expansion of oil & gas industry on account of rising foreign investments coupled with the growing government investments is anticipated to promote the CO2 market over the forecast period. In addition, the growth of healthcare industry in countries such as Brazil and Argentina is projected to further promote the use CO2 for various medical purposes, which is expected to drive the market growth over the forecast period.
CO2 plays a major role in the production of beer and the market is anticipated to grow along with the growing microbreweries in the countries of the region over the forecast period. Brazil is among the major contributor and ranks third in the production of beer across the globe, this is anticipated to propel the market growth.
In Central and South America, there is a growing demand for carbon dioxide in the food and beverage industry. For example, in Colombia, the demand for carbon dioxide to produce carbonated beverages has been increasing in recent years. Similarly, in Peru, the demand for carbon dioxide for beer production has been on the rise.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America carbon dioxide market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America carbon dioxide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America carbon dioxide market size, by country, 2018-2030 (US$M)
Latin America Carbon Dioxide Market Outlook Share, 2022 & 2030 (US$M)
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