Carbon Dioxide Market Overview

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Carbon Dioxide Market” size was valued at USD 9.04 Bn. in 2023 and the total Carbon Dioxide revenue is expected to grow by 4.87 % from 2024 to 2030, reaching nearly USD 12.61 Bn.

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Carbon Dioxide Market Scope and Methodology

The report provides an estimation of the market size for the Carbon Dioxide market, encompassing an analysis of current and future trends. It offers a detailed examination of key developments, marketing strategies, supply and demand indicators, and company profiles of market owners, leaders, potential players, and new entrants. The Carbon Dioxide Market report adopts a bottom-up approach, utilizing both primary and secondary data sources. Primary research involves interviews with significant market leaders and industry experts, including business owners and marketing specialists. Secondary research involves reviewing the financial and annual reports of top manufacturers. To enhance understanding of market penetration, competitive landscape, demand analysis, and regional analysis, the report covers local, regional, and global levels. Segment-wise analysis of the Carbon Dioxide market is conducted based on specific criteria.

Market dynamics for carbon dioxide:

Carbon Dioxide (CO2) is utilised in many different applications, including food processing, medicinal, carbonating beverages, and other industrial purposes that fuel the growth of the carbon dioxide sector. Global demand for CO2 emissions is being driven up by an increase in research and development (R&D) spending on cutting edge technologies such as enhanced oil recovery (EOR) and carbon capture and storage (CCS).

Carbon Dioxide Market Regional Insights

The report presents a comprehensive Regional Analysis, encompassing the current market status of various countries. It offers an in-depth assessment of factors influencing the market, including market size, growth rate, and import-export dynamics within each region. The analysis spans across local and country levels, providing a detailed outlook.

The Carbon Dioxide market is strategically divided into key regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region's unique market characteristics and potential are thoroughly examined, offering valuable insights for businesses and stakeholders seeking to understand the market landscape at a regional level.

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Carbon Dioxide Market Segmentation

by Source

Hydrogen
Ethyl Alcohol
Ethylene Oxide
Substitute Natural Gas
Others

The carbon dioxide market is divided into categories such as hydrogen, ethylene alcohol, methyl alcohol, substitute natural gas, and others, according to the source. In 2022, the Ethyl Alcohol category held the highest market share, accounting for 32.17%. Alcoholic fermentation produces carbon dioxide as a byproduct during the ethyl alcohol production process. The high purity level and preference for food grade carbon dioxide derived from ethyl alcohol fuels the source demand for this source. Over the course of the projection period, the hydrogen segment is anticipated to grow quickly at a CAGR of 4.7%. Hydrogen output is predicted to increase in tandem with growth as a result of the steps developed nations like the United States and the United Kingdom have taken to transition to a hydrogen economy.

by Application

Food & Beverages
Oil & Gas
Medical
Rubber
Fire Fighting
Others

The carbon dioxide market is divided into several segments based on the application, including food and beverage, oil and gas, medical, rubber, fire fighting, and others. In 2022, the highest proportion (41.37%) was accounted for by the Food and Beverages segment. Carbon dioxide is primarily utilised in the food and beverage industries to manage pH levels, carbonate drinks, and freeze poultry and food sources. People's changing lifestyles raise demand for frozen and ready-to-make foods, increasing carbon dioxide consumption. Additionally, the demand for food and beverages has increased due to the growing global population, which is anticipated to support the expansion of the carbon dioxide market throughout the course of the forecast period.

Carbon Dioxide Market Key Players

1. Universal Industrial Gases, Inc. [United States]
2. Linde Group
3. Air Products and Chemicals, Inc.
4. INOX Air Products Ltd.
5. Continental Carbonic Products, Inc. [United States]
6. Matheson Tri-Gas, Inc.
7. Air Liquide International S.A.
8. Praxair Inc.
9. Gulf Cryo
10. Bristol Gases–Concorde Corodex Group
11. Buzwair Industrial Gases Factory
12. Dubai Industrial Gases
13. Messer
14. Taiyo Nippon Sanso Corp.

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Key questions answered in the Carbon Dioxide Market are:

What is Carbon Dioxide?
What was the Carbon Dioxide market size in 2022?
What are the different segments of the Carbon Dioxide Market?
What growth strategies are the players considering to increase their presence in Carbon Dioxide?
What are the upcoming industry applications and trends for the Carbon Dioxide Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Carbon Dioxide Market?
Who are the key players in the Carbon Dioxide market?
What major challenges could the Carbon Dioxide Market face in the future?
What segments are covered in the Carbon Dioxide Market?
Who are the leading companies and what are their portfolios in Carbon Dioxide Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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