South America LNG Bunkering Market Size (2024 - 2029)

The South America LNG bunkering market is anticipated to experience growth over the forecast period, following a rebound from the negative impacts of the Covid-19 pandemic. The market's expansion is supported by increased investments in LNG bunkering infrastructure, although the adoption of alternative low-sulfur fuels may pose challenges. Despite these challenges, opportunities are expected to arise from investments in small-scale LNG infrastructure, contributing to the market's potential growth trajectory.

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Market Size of South America LNG Bunkering Industry

South America LNG Bunkering Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.00 %
Market Concentration Low

Major Players

South America LNG Bunkering Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America LNG Bunkering Market Analysis

The South America LNG bunkering market is expected to grow at a CAGR of more than 2% over the forecast period.

The market was negatively impacted by the Covid-19 pandemic, as demand for LNG bunkering services fell as marine shipping and trade declined significantly. However, the market has since rebounded and is expected to grow steadily during the forecast period.

  • Over the long term, factors such as rising investments in LNG bunkering infrastructure and facilities are expected to drive the market during the forecast period.
  • On the flip side, the increasing adoption of alternative low-sulfur fuels such as Marine Gas Oil (MGO) and Low-Sulfur Fuel Oil (LSFO) is expected to restrain the market during the forecast period.
  • Nevertheless, rising investments in small-scale LNG infrastructure are expected to provide a significant opportunity for the market beyond the forecast period.

South America LNG Bunkering Industry Segmentation

Liquefied natural gas (LNG) bunkering is where LNG fuel is transferred from a given distribution source to an LNG-fuelled ship.

The South America LNG bunkering market is segmented by end-user. By end-user, the market is segmented into tanker fleet, container fleet, bulk & general cargo fleet, ferries & OSV, and others. For each segment, the market sizing and forecasts have been done based on revenue (USD Billion).

End-User
Tanker Fleet
Container Fleet
Bulk and General Cargo Fleet
Ferries and OSV
Others
Geography
South America
Brazil
Argentina
Rest of South America
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South America LNG Bunkering Market Size Summary

The South America LNG bunkering market is poised for steady growth over the forecast period, recovering from the setbacks experienced during the Covid-19 pandemic. The market's expansion is driven by increased investments in LNG bunkering infrastructure and facilities, despite facing challenges from the growing adoption of alternative low-sulfur fuels like Marine Gas Oil and Low-Sulfur Fuel Oil. The region's strategic position, with significant oil-producing countries such as Brazil, Venezuela, and Argentina, and its proximity to major trade routes, offers substantial potential for LNG bunkering activities. The development of small-scale LNG infrastructure presents further opportunities for market growth beyond the forecast period.

Brazil stands out as a key player in the region, with its substantial crude oil and natural gas production contributing significantly to the LNG bunkering market. The country's efforts to enhance its hydrocarbon production and the establishment of partnerships for LNG shipping and bunkering solutions underscore its emerging role in the market. While Brazil leads in LNG bunkering activities, other South American countries are gradually catching up, with initiatives like the MoU between CB Fenton and Kanfer Shipping to establish an LNG bunkering hub in Panama. The market remains consolidated, with major players such as AES Corp, Engie SA, and Avenir LNG Ltd actively participating in the region's LNG bunkering developments.

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South America LNG Bunkering Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Force Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-User

      1. 2.1.1 Tanker Fleet

      2. 2.1.2 Container Fleet

      3. 2.1.3 Bulk and General Cargo Fleet

      4. 2.1.4 Ferries and OSV

      5. 2.1.5 Others

    2. 2.2 Geography

      1. 2.2.1 South America

        1. 2.2.1.1 Brazil

        2. 2.2.1.2 Argentina

        3. 2.2.1.3 Rest of South America

South America LNG Bunkering Market Size FAQs

The South America LNG Bunkering Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

AES Corp , Engie SA , Avenir LNG Ltd , Kanfer Shipping AS and CB Fenton & Co. are the major companies operating in the South America LNG Bunkering Market.

South America LNG Bunkering Report Snapshots

South America LNG Bunkering Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)