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After starting at $84.8 billion in 2022, the worldwide carbon dioxide market is expected to reach $141.9 billion by 2030, expanding at a CAGR of 6.5% between 2023 and 2030.
This is due to its increasing application in enhanced oil recovery (EOR), which is in high demand because of dwindling oil supplies and the region's significant reliance on crude oil imports. The expansion of end-use markets for products like food and drink and healthcare could also help the carbon dioxide (CO2) business thrive over the next few years. The United States is expected to be one of the world's most lucrative CO2 markets over the next few years, with revenue expanding at a CAGR of 4.9%. The expansion of manufacturing and the energy sector in the United States have both contributed to the development of the carbon dioxide market.
Carbon dioxide, or CO2 for short, is a gas with no discernible odour or taste. It is 60% denser than dry air and is a molecular molecule made up of one carbon atom bound to two oxygen atoms. As a greenhouse gas, CO2 is already present at low levels in Earth's atmosphere. This gas is typically obtained during the manufacture of hydrogen via steam reforming of natural gas or the production of ethanol via fermentation, and it finds usage in a wide range of sectors. Because of its many useful qualities, carbon dioxide (CO2) is an extremely adaptable chemical. Water purification, metalworking, fire suppression, oil recovery, and freezing are just few of the many uses for this acidic gas. Carbon dioxide market expansion is being driven by customers' increasing thirst for carbonated drinks.
Carbon dioxide has antimicrobial properties that make it useful as a natural preservative. By reducing the amount of oxygen in the packing, it also helps to extend the life of many different sorts of goods. Food-related aerosols, such as whipped cream and culinary sprays, use carbon dioxide as a propellant. The food and beverage business in the United States consumes over 70 percent of the country's total carbon dioxide output. Carbon dioxide's negative effects on humans and the environment, though, could slow the market's expansion. Carbon dioxide (CO2) is a vital gas for life on Earth, but too much of it can have negative effects on people and the planet. High concentrations of carbon monoxide (CO2) are harmful to human health and can lead to a host of unpleasant symptoms like headaches, dizziness, exhaustion, and shortness of breath.
When carbon dioxide is dissolved in seawater, it forms carbonic acid, which can have a pH-lowering effect on the ocean. Changes in temperature and ocean chemistry can have far-reaching impacts on ecosystems, including changes in the distribution and behaviour of plant and animal species and an increased risk of invasive species, which can have a negative effect on marine life. Sea levels are increasing as a result of melting ice caps and increased global temperatures driven by human-induced CO2 emissions.
Several medical procedures, such as minimally invasive surgery, cryotherapy, and respiratory stimulation, use carbon dioxide as an insufflation gas to stabilise bodily cavities. Tissue freezing and testing tooth sensitivity also make use of the gas. The rapidly expanding healthcare sector, which makes considerable use of CO2, is likely to be a major market driver. Additionally, it finds application in the food and drink sector. Food-grade carbon dioxide is used for carbonating beverages and for deep-freezing meat and poultry. Other foods, however, do employ petrol of a more industrial quality. Producers of packaged foods and drinks are driving the market forward with their increasing demand.
The issues surrounding carbon dioxide transportation pose a significant threat to the development of the sector. When transporting gas, pipelines are the most common method. Pipeline quality authentication requirements are currently lacking, which will stifle industry expansion unless they are developed. Growth in the market is stymied by the expensive expense of maintaining CO2 transport infrastructure and the possibility of leaks into the atmosphere. The output of greenhouse gases will decrease as a result of international agreements like the Kyoto Protocol, which will slow the expansion of the market.
Report Coverage
Global Carbon Dioxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Dioxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Dioxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Dioxide market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Dioxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Dioxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Linde plc, India Glycols Limited, Messer Group, Taiyo Nippon Sanso Corporation, Ellenbarrie Industrial Gases, SOL Spa, Dubai Industrial Gases, ACAIL GÁS, Buzwair Industrial Gases Factories, Gulf Cryo
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Dioxide market based on the below-mentioned segments:
Global Carbon Dioxide Market, By Form
Liquid
Gas
Solid
Global Carbon Dioxide market, By Application
Food and Beverages
Oil and Gas
Medical
Fire Fighting
Agriculture
Metal Fabrication
Others
Global Carbon Dioxide market, Regional Analysis
This is due to its increasing application in enhanced oil recovery (EOR), which is in high demand because of dwindling oil supplies and the region's significant reliance on crude oil imports. The expansion of end-use markets for products like food and drink and healthcare could also help the carbon dioxide (CO2) business thrive over the next few years. The United States is expected to be one of the world's most lucrative CO2 markets over the next few years, with revenue expanding at a CAGR of 4.9%. The expansion of manufacturing and the energy sector in the United States have both contributed to the development of the carbon dioxide market.
Carbon dioxide, or CO2 for short, is a gas with no discernible odour or taste. It is 60% denser than dry air and is a molecular molecule made up of one carbon atom bound to two oxygen atoms. As a greenhouse gas, CO2 is already present at low levels in Earth's atmosphere. This gas is typically obtained during the manufacture of hydrogen via steam reforming of natural gas or the production of ethanol via fermentation, and it finds usage in a wide range of sectors. Because of its many useful qualities, carbon dioxide (CO2) is an extremely adaptable chemical. Water purification, metalworking, fire suppression, oil recovery, and freezing are just few of the many uses for this acidic gas. Carbon dioxide market expansion is being driven by customers' increasing thirst for carbonated drinks.
Carbon dioxide has antimicrobial properties that make it useful as a natural preservative. By reducing the amount of oxygen in the packing, it also helps to extend the life of many different sorts of goods. Food-related aerosols, such as whipped cream and culinary sprays, use carbon dioxide as a propellant. The food and beverage business in the United States consumes over 70 percent of the country's total carbon dioxide output. Carbon dioxide's negative effects on humans and the environment, though, could slow the market's expansion. Carbon dioxide (CO2) is a vital gas for life on Earth, but too much of it can have negative effects on people and the planet. High concentrations of carbon monoxide (CO2) are harmful to human health and can lead to a host of unpleasant symptoms like headaches, dizziness, exhaustion, and shortness of breath.
When carbon dioxide is dissolved in seawater, it forms carbonic acid, which can have a pH-lowering effect on the ocean. Changes in temperature and ocean chemistry can have far-reaching impacts on ecosystems, including changes in the distribution and behaviour of plant and animal species and an increased risk of invasive species, which can have a negative effect on marine life. Sea levels are increasing as a result of melting ice caps and increased global temperatures driven by human-induced CO2 emissions.
Several medical procedures, such as minimally invasive surgery, cryotherapy, and respiratory stimulation, use carbon dioxide as an insufflation gas to stabilise bodily cavities. Tissue freezing and testing tooth sensitivity also make use of the gas. The rapidly expanding healthcare sector, which makes considerable use of CO2, is likely to be a major market driver. Additionally, it finds application in the food and drink sector. Food-grade carbon dioxide is used for carbonating beverages and for deep-freezing meat and poultry. Other foods, however, do employ petrol of a more industrial quality. Producers of packaged foods and drinks are driving the market forward with their increasing demand.
The issues surrounding carbon dioxide transportation pose a significant threat to the development of the sector. When transporting gas, pipelines are the most common method. Pipeline quality authentication requirements are currently lacking, which will stifle industry expansion unless they are developed. Growth in the market is stymied by the expensive expense of maintaining CO2 transport infrastructure and the possibility of leaks into the atmosphere. The output of greenhouse gases will decrease as a result of international agreements like the Kyoto Protocol, which will slow the expansion of the market.
Report Coverage
Global Carbon Dioxide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Dioxide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Dioxide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Dioxide market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Linde plc, India Glycols Limited, Messer Group, Taiyo Nippon Sanso Corporation, Ellenbarrie Industrial Gases, SOL Spa, Dubai Industrial Gases, ACAIL GÁS, Buzwair Industrial Gases Factories, Gulf Cryo |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Carbon Dioxide Market from 2021 to 2030.
- Market Forecast for Carbon Dioxide Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Carbon Dioxide competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Carbon Dioxide
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Dioxide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Dioxide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Linde plc, India Glycols Limited, Messer Group, Taiyo Nippon Sanso Corporation, Ellenbarrie Industrial Gases, SOL Spa, Dubai Industrial Gases, ACAIL GÁS, Buzwair Industrial Gases Factories, Gulf Cryo
Primary Target Market
- Market Players of Carbon Dioxide
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Dioxide market based on the below-mentioned segments:
Global Carbon Dioxide Market, By Form
Liquid
Gas
Solid
Global Carbon Dioxide market, By Application
Food and Beverages
Oil and Gas
Medical
Fire Fighting
Agriculture
Metal Fabrication
Others
Global Carbon Dioxide market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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