South America Carbon Dioxide Market Overview:
South America Carbon Dioxide Market size and share is currently valued at USD 1,705.99 million in 2023 and is anticipated to generate an estimated revenue of USD 2,454.15 Million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Rising Demand in Food and Beverage: Growing use of CO2 in carbonation and food preservation supports market expansion.
- Expanding Agriculture Sector: Use of CO2 in greenhouses to enhance crop yield drives demand.
- Industrial Growth: Increasing applications in welding, refrigeration, and chemical manufacturing fuel the market.
- Carbon Capture and Storage (CCS) Initiatives: Growing focus on carbon capture technologies aligns with sustainability goals.
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Key Companies in South America Carbon Dioxide Market:
- American Pipeline Solutions
- Applus+
- Baker Hughes Company
- Dexon Technology PLC
- LIN SCAN
- MISTRAS Group
- Pigtek Ltd.
- ROSEN Group
- SGS SA
- T.D. Williamson, Inc.
South America Carbon Dioxide Market Scope
The research scope for carbon dioxide in South America explores its applications in food and beverages, agriculture, industrial processes, and enhanced oil recovery (EOR). The study focuses on regional production capacities, distribution networks, and innovations in CO2 capture and storage technologies. It also assesses demand drivers such as expanding industrialization, sustainability initiatives, and the role of CO2 in greenhouse farming to support agricultural growth.
South America Carbon Dioxide Market Segmentation:
The South America carbon dioxide market is segmented by source, application, and end-user industry. Sources include industrial processes, fermentation, and CO2 capture technologies. Applications cover food and beverage carbonation, enhanced oil recovery (EOR), greenhouse farming, and chemical manufacturing. End-user industries span agriculture, energy, and manufacturing, with regional segmentation focusing on countries with strong industrial and agricultural bases. This segmentation emphasizes the increasing importance of CO2 utilization for sustainability and industrial efficiency.
South America Carbon Dioxide Market, Sources Outlook (Revenue – USD Million, 2019-2032)
- Hydrogen
- Ethyl Alcohol
- Ethylene Oxide
- Substitute Natural Gas
- Other Sources
South America Carbon Dioxide Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Food & Beverages
- Oil & Gas
- Medical
- Rubber
- Fire Fighting
- Other Applications
South America Carbon Dioxide Market, Form Outlook (Revenue – USD Million, 2019-2032)
- Solid
- Liquid
- Gas
South America Carbon Dioxide Industry Developments:
- April 2024: Orizon, a Brazilian waste management company, announced plans to sell carbon offsets generated from landfill projects. The company expects to complete sales of 1-2 million tCO2e during Q2 at a price of $6-7 per tCO2e, supporting carbon reduction initiatives.
- December 2023: Brazil unveiled plans to launch a regulated carbon market under a cap-and-trade system, aimed at reducing emissions and attracting foreign investment as part of President Lula’s green agenda. While the initiative marks a significant step, agriculture—a major emissions contributor—has been excluded, prompting criticism that this exemption could undermine the market’s environmental effectiveness.
The South America Carbon Dioxide market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.