Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Sources (Hydrogen, Ethyl Alcohol, Ammonia, Natural gas, Others), By Application (Food & Beverages, Chemicals, Electronics, Agriculture, Healthcare, Wastewater treatment) And Competitive Landscape
Product Code: ETC184291 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Latin America Liquefied Carbon Dioxide Market |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Food and Beverage |
Latin America Liquefied Carbon Dioxide Market report thoroughly covers the by countries, by sources, and by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America liquefied carbon dioxide market is expected to reach a value of USD 1.5 billion by 2030, growing at a CAGR of 4.5% during the forecast period. The increasing adoption of carbon capture and storage (CCS) technologies and the expansion of end-use industries are major factors driving the market growth.
The liquefied carbon dioxide (LCO2) market in Latin America is gaining traction in response to increasing demand across various industries, including food and beverage, oil recovery, and pharmaceuticals. The market is characterized by its potential for growth as businesses tap into CO2's applications for carbonation in beverages, enhanced oil recovery, and as a refrigerant.
According to 6Wresearch, the Latin America Liquefied Carbon Dioxide Market size is expected to reach at a significant CAGR of 4.5% during the forecast period 2025-2031. Key drivers of the LCO2 market include the rising demand for carbonated beverages, where CO2 is a critical ingredient for producing fizz and extending shelf life. Additionally, the growth of the oil recovery sector seeks to enhance extraction techniques using liquefied CO2. Sustainability initiatives also push industries towards adopting CO2 technologies for capturing and utilising emissions effectively. However, the market faces challenges such as the significant costs associated with CO2 capture and liquefaction processes. Regulatory hurdles concerning environmental impact and the transportation of liquefied gases can also impede Latin America Liquefied Carbon Dioxide Market growth. Nevertheless, some trends are shaping the market growth such as a surge in sustainable practices, with industries exploring carbon capture and storage (CCS) technologies. There's also a movement towards utilizing by-product CO2 from industrial processes, which not only reduces waste but also lowers overall production costs. As these trends continue to evolve, they are likely to reshape the dynamics of the liquefied carbon dioxide market in the region.
In the Latin America liquefied carbon dioxide market, several key players are driving the industry's growth. Notable companies include Linde plc, Air Products and Chemicals, Inc., and Messer Group GmbH, which are leveraging their extensive distribution networks and technological advancements.
Government regulations play a crucial role in shaping the behaviors and practices of the liquefied carbon dioxide market in Latin America. Regulations aimed at reducing greenhouse gas emissions are prompting industries to adopt CO2 capture technologies and improve the efficiency of CO2 usage. Compliance with safety standards for the transportation and storage of liquefied gases is also essential for market participants to mitigate risks and ensure public safety. The regulatory landscape continues to evolve, with governments promoting initiatives that encourage sustainability in industrial practices.
The Latin America liquefied carbon dioxide industry is expected to witness significant growth, driven by the increasing adoption of sustainable practices and the ongoing need for CO2 in various applications. Innovations in carbon capture and storage technologies may lead to more efficient production methods, reducing costs and enhancing competitiveness. Additionally, as environmental regulations tighten, businesses that invest in advanced CO2 utilization techniques could gain a strategic advantage, positioning themselves as leaders in a rapidly changing market landscape.
According to Dhaval, Research Manager, 6Wresearch, Brazil emerges as the top players in the entire region, driven by its robust industrial base and increasing investments in CO2 capture technologies. The nation has prioritized sustainability efforts, aligning with global environmental standards and implementing regulations that promote efficient CO2 utilization.
Based on application, the food and beverages sector is leading in application, accounting for a substantial portion of overall demand. CO2 is extensively used in carbonation processes for soft drinks, sparkling wines, and beer, along with its role in packaging to extend shelf life.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Liquefied Carbon Dioxide Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Liquefied Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Liquefied Carbon Dioxide Market - Industry Life Cycle |
3.4 Latin America Liquefied Carbon Dioxide Market - Porter's Five Forces |
3.5 Latin America Liquefied Carbon Dioxide Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Liquefied Carbon Dioxide Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.7 Latin America Liquefied Carbon Dioxide Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Latin America Liquefied Carbon Dioxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Liquefied Carbon Dioxide Market Trends |
6 Latin America Liquefied Carbon Dioxide Market, 2021-2031 |
6.1 Latin America Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
6.2 Latin America Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
7 Brazil Liquefied Carbon Dioxide Market, 2021-2031 |
7.1 Brazil Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
7.2 Brazil Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
8 Mexico Liquefied Carbon Dioxide Market, 2021-2031 |
8.1 Mexico Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
8.2 Mexico Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
9 Argentina Liquefied Carbon Dioxide Market, 2021-2031 |
9.1 Argentina Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
9.2 Argentina Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
10 Rest of Latin America Liquefied Carbon Dioxide Market, 2021-2031 |
10.1 Rest of Latin America Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
10.2 Rest of Latin America Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
11 Latin America Liquefied Carbon Dioxide Market Key Performance Indicators |
12 Latin America Liquefied Carbon Dioxide Market - Opportunity Assessment |
12.1 Latin America Liquefied Carbon Dioxide Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Liquefied Carbon Dioxide Market Opportunity Assessment, By Sources, 2021 & 2031F |
12.3 Latin America Liquefied Carbon Dioxide Market Opportunity Assessment, By Application , 2021 & 2031F |
13 Latin America Liquefied Carbon Dioxide Market - Competitive Landscape |
13.1 Latin America Liquefied Carbon Dioxide Market Revenue Share, By Companies, 2024 |
13.2 Latin America Liquefied Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |