Latin America Carbon Dioxide Market Size & Outlook
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Latin America carbon dioxide market highlights
- The Latin America carbon dioxide market generated a revenue of USD 751.6 million in 2024.
- The market is expected to grow at a CAGR of 6.5% from 2025 to 2033.
- In terms of segment, ethyl alcohol was the largest revenue generating sources in 2024.
- Substitute Natural Gas is the most lucrative sources segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2033.
Latin America data book summary
| Market revenue in 2024 | USD 751.6 million |
| Market revenue in 2033 | USD 1,341.6 million |
| Growth rate | 6.5% (CAGR from 2025 to 2033) |
| Largest segment | Ethyl alcohol |
| Fastest growing segment | Substitute Natural Gas |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas |
| Key market players worldwide | Acail Gas, Air Liquide SA, Air Products and Chemicals, Inc., Greco Gas Inc., Linde PLC, Messer Group, Sicgil, Quimetal, Taiyo Nippon Sanso Corp. |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global carbon dioxide market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Latin America is the fastest growing regional market and is projected to reach USD 1,341.6 million by 2033.
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Carbon Dioxide Market Scope
Carbon Dioxide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Quimetal | View profile | 101-250 | Santiago, Region Metropolitana, Chile, South America | https://www.quimetal.cl |
| Taiyo Nippon Sanso Corp. | View profile | - | - | - |
| Air Products and Chemicals, Inc. | View profile | - | - | - |
| Sicgil | View profile | 101-250 | Chennai, Tamil Nadu, India, Asia | http://www.sicgil.com |
| Greco Gas Inc. | View profile | 11-50 | Tarentum, Pennsylvania, United States, North America | http://www.grecogas.com/ |
| Acail Gas | View profile | 11-50 | Souto, Aveiro, Portugal, Europe | https://www.acailgas.es |
| Messer Group | View profile | 10001+ | Bad Soden, Hessen, Germany, Europe | https://www.messergroup.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
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.
Ethyl alcohol was the largest segment with a revenue share of 38.13% in 2024. Horizon Databook has segmented the Latin America carbon dioxide market based on hydrogen, ethyl alcohol, ethylene oxide, substitute natural gas covering the revenue growth of each sub-segment from 2021 to 2033.
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.
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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 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America carbon dioxide market size, by country, 2021-2033 (US$M)
Latin America Carbon Dioxide Market Outlook Share, 2024 & 2033 (US$M)
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