South Korea Compressed Natural Gas Market Size & Outlook
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South Korea compressed natural gas market outlook highlights
The South Korea compressed natural gas market outlook generated a revenue of USD 9,677.5 million in 2025 and is expected to reach USD 26,285.8 million by 2033.Compressed Natural Gas Market Outlook data book summary
| Market revenue in 2025 | USD 9,677.5 million |
| Market revenue in 2033 | USD 26,285.8 million |
| Growth rate | 13.4% (CAGR from 2026 to 2033) |
| Largest segment | Non Associated Gas |
| Fastest growing segment | Refinery |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| 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, South Korea accounted for 4.9% of the global compressed natural gas market outlook in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China compressed natural gas market outlook is projected to lead the regional market in terms of revenue in 2033.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 18,314.2 million by 2033.
South Korea's compressed natural gas (CNG) market presents significant opportunities driven by the government's commitment to reducing emissions and promoting cleaner energy sources. The increasing focus on sustainable transportation solutions, particularly in urban areas, is encouraging the adoption of CNG vehicles, supported by incentives and regulatory frameworks.
Expanding CNG infrastructure, including refueling stations, enhances accessibility and convenience for consumers. Additionally, advancements in CNG technology and engine efficiency are creating further potential for market growth. The rising awareness of environmental issues among the population also fosters a favorable environment for CNG adoption, positioning it as a key player in South Korea's energy transition strategy.
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Publish Date: Oct 22, 2026
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Compressed Natural Gas Market Scope
Compressed Natural Gas Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Chevron Corp | View profile | 45,600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | www.chevron.com |
| TotalEnergies SE | View profile | 100,000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | www.totalenergies.com |
| Eni | View profile | 10001+ | Rome, Lazio, Italy, Europe | www.eni.com/en_IT/home.html |
| Shell PLC | View profile | 100,000 | Shell Centre, London, United Kingdom, SE1 7NA | www.shell.com |
| BP PLC | View profile | 87,800 | 1 St James's Square, London, United Kingdom, SW1Y 4PD | www.bp.com |
| ConocoPhillips | View profile | 10,000 | 925 North Eldridge Parkway, Houston, TX, United States, 77079 | www.conocophillips.com |
| Gazprom | View profile | 10001+ | Moscow, Moscow City, Russian Federation, Europe | www.gazprom.com |
| Equinor ASA | View profile | 24,467 | Forusbeen 50, Stavanger, Norway, N-4035 | www.equinor.com |
| Occidental Petroleum Corp | View profile | 12,570 | 5 Greenway Plaza, Suite 110, Houston, TX, United States, 77046 | www.oxy.com |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | corporate.exxonmobil.com |
South Korea 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 Outlook will help companies and investors design strategic landscapes.
Non Associated Gas was the largest segment with a revenue share of 63.33% in 2025.
Horizon Databook has segmented the South Korea compressed natural gas market based on refinery, associated gas, non associated gas covering the revenue growth of each sub-segment from 2021 to 2033.
South Korea's compressed natural gas (CNG) market presents significant opportunities driven by the government's commitment to reducing emissions and promoting cleaner energy sources. The increasing focus on sustainable transportation solutions, particularly in urban areas, is encouraging the adoption of CNG vehicles, supported by incentives and regulatory frameworks.
Expanding CNG infrastructure, including refueling stations, enhances accessibility and convenience for consumers. Additionally, advancements in CNG technology and engine efficiency are creating further potential for market growth. The rising awareness of environmental issues among the population also fosters a favorable environment for CNG adoption, positioning it as a key player in South Korea's energy transition strategy.
- South Korea Compressed Natural Gas Market Source Outlook (Revenue, USD Million , 2021-2033)
- Refinery
- Associated Gas
- Non Associated Gas
- South Korea Compressed Natural Gas Market Application Outlook (Revenue, USD Million , 2021-2033)
- Residential/Commercial
- Chemical
- Industrial
- Autogas
- Refinery
- Others
- South Korea Compressed Natural Gas Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Light duty vehicles
- Medium / Heavy duty trucks
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Compressed Natural Gas Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Compressed Natural Gas Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Compressed Natural Gas Market, 2021-2033 (US$M)
South korea compressed natural gas market statistics, by source 2021 - 2033 (US$M)
