Latin America Industrial Gases Market Size & Outlook
Latin America industrial gases market, 2018-2030 (US$M)
Related Markets
Latin America industrial gases market highlights
- The Latin America industrial gases market generated a revenue of USD 8,999.0 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, oxygen was the largest revenue generating product in 2023.
- Nitrogen is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 8,999.0 million |
| Market revenue in 2030 | USD 12,035.5 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Oxygen |
| Fastest growing segment | Nitrogen |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Acetylene, Argon, Other Products |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, StealthGas Inc, Nippon Sanso Holdings Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.6% of the global industrial gases market in 2023.
- 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 76,636.9 million by 2030.
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Industrial Gases Market Scope
Industrial Gases Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America industrial gases 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 industrial gases market will help companies and investors design strategic landscapes.
Oxygen was the largest segment with a revenue share of 28.79% in 2023. Horizon Databook has segmented the Latin America industrial gases market based on oxygen, nitrogen, hydrogen, carbon dioxide, acetylene, argon, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The expansion of the oil & gas industry on account of rising foreign investments, coupled with growing government investments, is anticipated to promote the growth of the Central & South American industrial gases market over the forecast period.
In addition, the growth of the healthcare industry in countries, such as Brazil and Argentina, is projected to further promote the use of cryogenic liquid for various medical purposes, which is expected to drive the market growth over the forecast period.
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Target buyers of Latin America industrial gases market databook
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Our clientele includes a mix of industrial gases market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America industrial gases market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America industrial gases market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America industrial gases market size, by country, 2018-2030 (US$M)
Latin America Industrial Gases Market Outlook Share, 2023 & 2030 (US$M)
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