South America Carbon Dioxide Market Outlook - 2032
The South America carbon dioxide market was valued at $2.1 billion in 2022, and is projected to reach $12.5 billion by 2032, registering a CAGR of 6.3% from 2023 to 2032.
CO2 is essential for lifestyles as it participates in the carbon cycle, a elaborate mechanism that governs the motion of carbon in the atmosphere, oceans, land, and living beings. This gasoline happens naturally as a result of procedures such as respiratory and volcanic activity, alternatively human activities have considerably extended its awareness in the surroundings in the course of the ultimate century, mostly due to the combustion of fossil fuels, deforestation, and industrial operations.
In South America, carbon dioxide emissions manifest from a combination of herbal sources and human activities. The region's various landscapes make a contribution to natural CO2 emissions, such as volcanic activity, wildfires, and soil respiration. However, the majority of carbon dioxide emissions in South America stem from anthropogenic sources. The important motives encompass the burning of fossil fuels for energy generation, transportation, industrial processes, deforestation, and land-use changes. In South America, CO2 is regularly used in controlled environment agriculture (CEA) and greenhouse horticulture. By enriching the surroundings with carbon dioxide, plant life endure photosynthesis extra efficiently, main to elevated crop yields and faster increase rates. This practice has been specifically precious in the production of high-value vegetation such as tomatoes, peppers, and flowers.
The carbonation process, used to produce glowing beverages such as soda and beer, includes dissolving carbon dioxide gas into liquids. In South America, the beverage enterprise depends on this method to create a extensive vary of carbonated drinks, catering to customer preferences for fizzy beverages. Agriculture contributes extensively to greenhouse fuel emissions, mainly when standard practices encompass deforestation and unsustainable land usage. Some South American international locations have promoted sustainable agriculture methods to reduce farming's carbon footprint. These practices may include agroforestry, crop rotation, and soil carbon sequestration. Farmers make bigger productivity while reducing CO2 emissions and improving soil health by using enforcing sustainable agriculture.
Enhanced Oil Recovery (EOR) strategies adopted by South American countries drive the growth of South America carbon dioxide market at some stage in the forecast period.
South American nations actively discover and adopt Enhanced Oil Recovery (EOR) strategies that utilize carbon dioxide (CO2). EOR objectives to extract greater oil from reservoirs after main and secondary restoration methods have been used. A in many instances used approach in the area is CO2 injection, the place CO2 is brought into the reservoir to minimize oil viscosity and improve its go with the flow towards production wells. Brazil, a leading oil producer in South America, has invested in CO2-based EOR technologies to beautify oil recuperation from mature oilfields in the Campos Basin and different areas. These developments force technological growth in the oil and fuel industry, fostering research and innovation in the region. Different international locations undertake varying EOR methods based on factors such as oil manufacturing capacity, existing infrastructure, regulations, and investment willingness.
The surge in demand for Carbon Capture and Storage (CCS) is anticipated to provide many possibilities for South America carbon dioxide market.
Many South American nations closely be counted on fossil fuels for electricity and introducing CCS in power plant life are predicted to assist minimize emissions whilst still utilising fossil fuels such as herbal gas, acting as a bridge to a extra renewable power future. In South America, greenhouse gasoline emissions are broadly speaking emitted from the power sector, agriculture, and land use changes. Industries such as cement, steel, and chemical manufacturing are great contributors to carbon emissions. Implementing CCS in these sectors is a doable answer to mitigate their environmental affect while maintaining monetary growth.
The amplify in demand for CCS in South America is driven by the want to decrease carbon emissions and acquire local weather goals. Governments have taken steps to put in force guidelines and offer incentives to promote the deployment of CCUS (Carbon Capture, Utilization, and Storage), main to substantial boom in the CCS market in the vicinity in the coming years.
The South America carbon dioxide market is segmented into form, application, and region. On the basis of form, the market is classified into liquid, gas, and solid. On the basis of application, the market is categorized into food & beverages, oil & gas, medical, firefighting, agriculture, metal fabrication, and others. Region-wise, the market is studied across Brazil, Peru, Chile, Argentina, and rest of the South America.
By Form
Gas is projected as the most lucrative segment.
On the basis of form, the gas oil segment dominated the South America carbon dioxide market in 2022. Carbon dioxide is used as a fire-extinguishing agent in positive environments where water or different ordinary extinguishing strategies are no longer suitable. Carbon dioxide functions by displacing oxygen and suffocating the fire. CO2 is used in the food enterprise to assist maintain the freshness and best of sure meals products. In a process called Modified Atmosphere Packaging (MAP), CO2 is added to programs to prolong the shelf existence of perishable gadgets such fruits, vegetables, and meats.
By Application
Food and Beverages are projected as the most lucrative segment.
On the basis of application, the food and beverages segment dominated the South America carbon dioxide market. Carbon dioxide is notably used to carbonate beverages such as gentle drinks, glowing water, beer, and champagne.
The dissolved CO2 creates fizziness and effervescence that many shoppers enjoy, enhancing the ordinary taste and mouthfeel of these beverages. CO2 acts as an acidulant to manage the pH level of positive food and beverage products. It helps in maintaining the style and extending the shelf lifestyles of acidic merchandise such as fruit juices and carbonated beverages.
Major players operating in the South America carbon dioxide market consists of Air Liquide, Air Products and Chemicals, Inc., Gulf Cryo, Linde plc, Messer Group, Praxair Technology, Inc., SE de Carburos Metálicos, SA, SOL Spa, Taiyo Nippon Sanso Corporation, and White Martins. These players adopted a number of increase techniques such as product launch and collaboration to make stronger their function in the market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the South America carbon dioxide market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the South America carbon dioxide market size is provided.
- The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the South America carbon dioxide market.
- The quantitative analysis of the South America carbon dioxide market from 2022 to 2032 is provided to determine the South America carbon dioxide market potential.
South America Carbon Dioxide Market Report Highlights
| Aspects | Details |
 By Form |
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 By Application |
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 By Region |
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 Key Market Players | AIR PRODUCTS AND CHEMICALS, INC., GULF CRYO, SOL SPA, WHITE MARTINS, PRAXAIR TECHNOLOGY, INC., SE DE CARBUROS METÁLICOS, SA, TAIYO NIPPON SANSO CORPORATION, LINDE PLC, AIR LIQUIDE, MESSER GROUP |
Analyst Review
According to the opinions of various CXOs of leading companies, the South America carbon dioxide market is driven by a rise in demand from the gas industry. CO2 is utilized in the production of chemicals, including urea, salicylic acid, and sodium bicarbonate. It is a crucial component in the oil and gas industry for enhanced oil recovery and well stimulation. In welding, CO2 is used as a shielding gas to protect the weld area from atmospheric contamination, ensuring a strong and clean bond.
Increase in demand for medical and healthcare applications drives the growth of South America carbon dioxide market. In South America, carbon dioxide (CO2) finds valuable applications in certain medical domains, notably as an insufflation gas for laparoscopic surgeries. It is introduced into the abdominal cavity to create operating space and ensure a clear view of the organs.
However, environmental and safety concerns is expected to restrain industry expansion. Rising CO2 levels cause global warming and impact South America with more frequent and severe extreme weather events, threatening communities and ecosystems. Preserving rainforests like the Amazon is crucial to absorb CO2 and mitigate climate change.
The surge in demand for Carbon Capture and Storage (CCS) is expected to offer many opportunities for market growth during the forecast period. South America's industries, including mining, agriculture, and manufacturing, contribute significant carbon emissions. Introducing CCS in power plants help transition to a low-carbon economy while utilizing fossil fuels more sustainably. Implementing CCS in sectors such as cement, steel, and chemicals curb their environmental impact and maintain economic activities in the region with less than 10% of GHG emissions.
Carbon dioxide gas is widely utilized as a shield gas in Metal Inert. These are the key factors boosting the South America carbon dioxide market growth
The global South America Carbon Dioxide market was valued at $2.1 billion in 2022, and is projected to reach $12.5 billion by 2032.
Air Liquide, Air Products and Chemicals, Inc., Gulf Cryo, Linde plc, Messer Group, Praxair Technology, Inc., SE de Carburos Metálicos, SA, SOL Spa, Taiyo Nippon Sanso Corporation, and White Martins. are the top players in South America Carbon Dioxide market.
Enhanced Oil Recovery (EOR) techniques adopted by South American countries is the main drivers of South America Carbon Dioxide market
The South America carbon dioxide market is segmented into form, application, and regions. On the basis of form, the market is classified into liquid, gas, and solid. On the basis of application, the market is categorized into food and beverages, oil and gas, medical, fire fighting, agriculture, metal fabrication, and others.
On the basis of region, the market is studied across Brazil., Peru, Chile, Argentina, and Rest of the South America
Gas is the dominating segment based on base oil
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