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Latin America Carbon Dioxide Market Size, Share, Trends, Industry Analysis Report By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others), By Application, By Country – Market Forecast, 2025–2034

Publisher Polaris Market Research & Consulting LLP
Published Sep 01, 2025
Length 125 Pages
SKU # PLRS20451538

Description

The latin america carbon dioxide market size is expected to reach USD 2.82 billion by 2034, according to a new study by Polaris Market Research. The report “Latin America Carbon Dioxide Market Share, Size, Trends, Industry Analysis Report By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others), By Application, By Country; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for carbon dioxide (CO2) in South America is projected to witness significant growth driven by upstream players investing in enhanced oil recovery operations to maintain production levels. Additionally, the increasing use of CO2 in refrigeration, food and beverages, chemical wholesaling, and pharmaceuticals is further propelling market growth.

The consumption of carbonated drinks, frozen foods, and soda water is a major contributing factor to the growing demand for CO2 in South America. However, despite these favorable market dynamics, the high costs associated with capturing, liquefying, and transporting CO2 pose a significant challenge. This cost factor can potentially hinder the growth of the CO2 market in South America, as it affects the feasibility and profitability of utilizing CO2 across various industries.

Latin America CO2 Market Report Highlights

In terms of source, the ethyl alcohol segment held 34.28% of the revenue share in 2024 due to strong agricultural production, particularly in Brazil.

The substitute natural gas segment is projected to register a CAGR of 4.31% from 2025 to 2034, owing to a rising shift toward cleaner and more reliable sources of carbon dioxide.

Based on application, the oil & gas segment accounted for 64.33% of Latin America carbon dioxide (CO2) market share in 2024 due to the region’s reliance on enhanced oil recovery (EOR) techniques.

The food & beverages segment is expected to register a CAGR of 4.44% from 2025 to 2034, owing to shifting consumer lifestyles, rising urbanization, and increasing disposable incomes.

Brazil accounted for 43.19% of the Latin America carbon dioxide (CO2) market share in 2024. This dominance is attributed to its strong ethanol industry, which provides a steady and cost-effective source of CO2.

The market in Chile is estimated to register a CAGR of 3.50% from 2025 to 2034, owing to expanding industrial activities, particularly in food and beverage production, where companies use CO2 for carbonation and preservation.

A few key market players include Air Liquide; Air Products Inc.; Linde Plc; Messer SE & Co. KGaA; Oxigas Gases; SOL Group; Technip Energies; White Martins; and Zephyr Solutions, LLC.

Polaris Market Research has segmented the CO2 market report on the basis of source, application, and country:

By Source Outlook (Revenue, USD Billion, Volume Kiloton, 2020–2034)

Hydrogen

Ethyl Alcohol

Ethylene Oxide

Substitute Natural Gas

Others

By Application Outlook (Revenue, USD Billion, Volume Kiloton, 2020–2034)

Food & Beverages

Oil & Gas

Medical

Rubber

Firefighting

Others

By Country Outlook (Revenue, USD Billion, Volume Kiloton, 2020–2034)

Brazil

Argentina

Chile

Columbia

Peru

Rest of Latin America

Table of Contents

125 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Source
3.2.1. Primary Source
3.2.2. Secondary Source
4. U.S. Real-time Location Systems (RTLS) Market Insights
4.1. Real-time Location Systems (RTLS) Market – Market Snapshot
4.2. Real-time Location Systems (RTLS) Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing E-commerce Sector
4.2.1.2. Increasing Healthcare Investment
4.2.2. Restraints and Challenges
4.2.2.1. High Implementation Cost
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Real-time Location Systems (RTLS) Market Trends
4.6. Value Chain Analysis
5. U.S. Real-time Location Systems (RTLS) Market, by Component
5.1. Key Findings
5.2. Introduction
5.2.1. U.S. Real-time Location Systems (RTLS) Market, by Component, 2020-2034 (USD Billion)
5.3. Hardware
5.3.1. U.S. Real-time Location Systems (RTLS) Market, by Hardware, by Region, 2020-2034 (USD Billion)
5.4. Software
5.4.1. U.S. Real-time Location Systems (RTLS) Market, by Software, by Region, 2020-2034 (USD Billion)
5.5. Services
5.5.1. U.S. Real-time Location Systems (RTLS) Market, by Services, by Region, 2020-2034 (USD Billion)
6. U.S. Real-time Location Systems (RTLS) Market, by Technology
6.1. Key Findings
6.2. Introduction
6.2.1. U.S. Real-time Location Systems (RTLS) Market, by Technology, 2020-2034 (USD Billion)
6.3. Ultra-Wideband
6.3.1. U.S. Real-time Location Systems (RTLS) Market, by Ultra-Wideband, by Region, 2020-2034 (USD Billion)
6.4. Wi-Fi
6.4.1. U.S. Real-time Location Systems (RTLS) Market, by Wi-Fi, by Region, 2020-2034 (USD Billion)
6.5. RFID
6.5.1. U.S. Real-time Location Systems (RTLS) Market, by RFID, by Region, 2020-2034 (USD Billion)
6.6. ZigBee
6.6.1. U.S. Real-time Location Systems (RTLS) Market, by ZigBee, by Region, 2020-2034 (USD Billion)
6.7. Infrared
6.7.1. U.S. Real-time Location Systems (RTLS) Market, by Infrared, by Region, 2020-2034 (USD Billion)
6.8. Others
6.8.1. U.S. Real-time Location Systems (RTLS) Market, by Others, by Region, 2020-2034 (USD Billion)
7. U.S. Real-time Location Systems (RTLS) Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. U.S. Real-time Location Systems (RTLS) Market, by Application, 2020-2034 (USD Billion)
7.3. Inventory/Asset Tracking & Management
7.3.1. U.S. Real-time Location Systems (RTLS) Market, by Inventory/Asset Tracking & Management, by Region, 2020-2034 (USD Billion)
7.4. Personnel Locating & Monitoring
7.4.1. U.S. Real-time Location Systems (RTLS) Market, by Personnel Locating & Monitoring, by Region, 2020-2034 (USD Billion)
7.5. Access Control & Security
7.5.1. U.S. Real-time Location Systems (RTLS) Market, by Access Control & Security, by Region, 2020-2034 (USD Billion)
7.6. Environmental Monitoring
7.6.1. U.S. Real-time Location Systems (RTLS) Market, by Environmental Monitoring, by Region, 2020-2034 (USD Billion)
7.7. Yard, Dock, Fleet, & Warehouse Management & Monitoring
7.7.1. U.S. Real-time Location Systems (RTLS) Market, by Yard, Dock, Fleet, & Warehouse Management & Monitoring, by Region, 2020-2034 (USD Billion)
7.8. Supply Chain Management & Automation
7.8.1. U.S. Real-time Location Systems (RTLS) Market, by Supply Chain Management & Automation, by Region, 2020-2034 (USD Billion)
7.9. Other
7.9.1. U.S. Real-time Location Systems (RTLS) Market, by Other, by Region, 2020-2034 (USD Billion)
8. U.S. Real-time Location Systems (RTLS) Market, by Industry Vertical
8.1. Key Findings
8.2. Introduction
8.2.1. U.S. Real-time Location Systems (RTLS) Market, by Industry Vertical, 2020-2034 (USD Billion)
8.3. Transportation & Logistics
8.3.1. U.S. Real-time Location Systems (RTLS) Market, by Transportation & Logistics, by Region, 2020-2034 (USD Billion)
8.4. Healthcare
8.4.1. U.S. Real-time Location Systems (RTLS) Market, by Healthcare, by Region, 2020-2034 (USD Billion)
8.5. Retail
8.5.1. U.S. Real-time Location Systems (RTLS) Market, by Retail, by Region, 2020-2034 (USD Billion)
8.6. Manufacturing & Processing
8.6.1. U.S. Real-time Location Systems (RTLS) Market, by Manufacturing & Processing, by Region, 2020-2034 (USD Billion)
8.7. Others
8.7.1. U.S. Real-time Location Systems (RTLS) Market, by Others, by Region, 2020-2034 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. AiRISTA Flow
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. CenTrak, Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Hewlett Packard Enterprise
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Impinj, Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Lowry Solutions
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. PINC Solutions
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Savi Technology
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. TeleTracking Technologies, Inc.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Ubisense Group
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Zebra Technologies Corporation
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development

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