Latin America E Fuel Market Size & Outlook, 2023-2050
Latin America e fuel market, 2018-2050 (US$M)
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Latin America e fuel market highlights
- The Latin America e fuel market generated a revenue of USD 5,701.8 million in 2023.
- The market is expected to grow at a CAGR of 18.5% from 2024 to 2050.
- In terms of segment, e-diesel was the largest revenue generating product in 2023.
- Ethanol is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2050.
Latin America data book summary
| Market revenue in 2023 | USD 5,701.8 million |
| Market revenue in 2050 | USD 560,355.2 million |
| Growth rate | 18.5% (CAGR from 2023 to 2050) |
| Largest segment | E-diesel |
| Fastest growing segment | Ethanol |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2050 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-Diesel, Ethanol, Hydrogen, E-Methanol |
| Key market players worldwide | Archer-Daniels Midland Co, Ballard Power Systems Inc, Ceres Power Holdings PLC, Hexagon Composites ASA, Neste OYJ, Clean Fuels Alliance America, Climeworks, EFUEL |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.6% of the global e fuel market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2050.
- North America is the fastest growing regional market and is projected to reach USD 4,591,913.4 million by 2050.
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E Fuel Market Scope
E Fuel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America e fuel 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 e fuel market will help companies and investors design strategic landscapes.
E-diesel was the largest segment with a revenue share of 11.45% in 2023. Horizon Databook has segmented the Latin America e fuel market based on e-diesel, ethanol, hydrogen, e-methanol covering the revenue growth of each sub-segment from 2018 to 2050.
The e-fuels market is expanding in Central and South America due to the abundant renewable energy resources in the region. The region holds considerable potential, in terms of renewable energy sources, which gives rise to the production of e-fuels such as e-methanol, e-diesel, and other renewable fuels in the region.
For instance, Chile has a strong mining industry that produces waste carbon dioxide, which can be used as feedstock for e-methanol production. Furthermore, several countries such as Brazil, Argentina, Costa Rica, Chile, and others are aiming to reduce carbon and greenhouse gas emissions, supporting the use of e-fuels in the region.
For instance, in 2021, the Chilean government set a target to achieve 70% renewable energy in its electricity mix by 2030. Such favorable government initiatives and plans are expected to propel the demand for e-fuels in the region over the forecast period.
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Target buyers of Latin America e fuel market databook
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Our clientele includes a mix of e fuel 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 continent-level data and insights on the Latin America e fuel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America e fuel market from 2018 to 2050, including revenue numbers, major trends, and company profiles.
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Latin America e fuel market size, by country, 2018-2050 (US$M)
Latin America E Fuel Market Outlook Share, 2023 & 2050 (US$M)
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