Latin America Compressed Natural Gas Market Size & Outlook
Related Markets
Latin America compressed natural gas market highlights
- The Latin America compressed natural gas market generated a revenue of USD 8,965.6 million in 2024.
- The market is expected to grow at a CAGR of 5.3% from 2025 to 2030.
- In terms of segment, non associated gas was the largest revenue generating source in 2024.
- Refinery is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 8,965.6 million |
| Market revenue in 2030 | USD 12,681.1 million |
| Growth rate | 5.3% (CAGR from 2025 to 2030) |
| Largest segment | Non associated gas |
| Fastest growing segment | Refinery |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Refinery, Associated Gas, Non Associated Gas |
| Key market players worldwide | ExxonMobil, BP PLC, TotalEnergies SE, Chevron Corp, Eni, Equinor ASA, ConocoPhillips, Cabot Energy, Gazprom, Shell PLC, Occidental Petroleum Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.1% of the global compressed natural gas market in 2024.
- 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 173,814.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Compressed Natural Gas Market Scope
Compressed Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cabot Energy | View profile | 11-50 | London, England, United Kingdom, Europe | https://www.cabot-energy.com/ |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| Occidental Petroleum Corp | View profile | 12570 | 5 Greenway Plaza, Suite 110, Houston, TX, United States, 77046 | https://www.oxy.com |
| Equinor ASA | View profile | 24467 | Forusbeen 50, Stavanger, Norway, N-4035 | https://www.equinor.com |
| Gazprom | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | http://www.gazprom.com |
| ConocoPhillips | View profile | 10000 | 925 North Eldridge Parkway, Houston, TX, United States, 77079 | https://www.conocophillips.com |
| BP PLC | View profile | 87800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | https://www.bp.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Eni | View profile | 10001+ | Rome, Lazio, Italy, Europe | http://www.eni.com/en_IT/home.html |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
Latin America compressed natural gas 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 compressed natural gas market will help companies and investors design strategic landscapes.
Non associated gas was the largest segment with a revenue share of 61.36% in 2024. Horizon Databook has segmented the Latin America compressed natural gas market based on refinery, associated gas, non associated gas covering the revenue growth of each sub-segment from 2018 to 2030.
The compressed natural gas (CNG) market in Latin America is characterized by a growing recognition of natural gas as a cleaner energy alternative, driven by environmental concerns and the need for energy diversification.
Many countries in the region are focusing on enhancing their natural gas infrastructure, including the development of refueling stations and distribution networks, to facilitate broader CNG adoption, particularly in transportation. The market is marked by significant disparities in natural gas production and consumption across countries, with some nations like Argentina and Brazil leading in demand while others lag behind.
Additionally, the integration of regional energy markets is becoming increasingly important as countries seek to enhance energy security and reduce dependence on oil. Overall, the CNG market in Latin America is evolving, supported by investments and policies aimed at promoting sustainable energy solutions amid varying economic and regulatory landscapes.
Reasons to subscribe to Latin America compressed natural gas market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America compressed natural gas market databook
-
Our clientele includes a mix of compressed natural gas market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 compressed natural gas market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America compressed natural gas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America compressed natural gas market size, by country, 2018-2030 (US$M)
Latin America Compressed Natural Gas Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
