Carbon Dioxide Market Size, Status, Top Players, Trends and Forecast to 2029

Posted February 3, 2023 by maximizemangesh

Carbon dioxide is a colorless gas, having a faint sharp acidic odor with a density of 53% higher than dry air. Carbon Dioxide has a chemical formula of CO2.
Carbon Dioxide Market Overview:

The Carbon Dioxide Market research provides a comprehensive insight into the competition, including the market share and company profiles of the world’s biggest rivals. The research scope covers a comprehensive examination of the Carbon Dioxide Market, as well as the causes for variances in the industry’s growth across a variety of sectors.

Carbon Dioxide Market size was valued at US$ 8.22 Bn. in 2021 and the total revenue is expected to grow at CAGR 4.87% through 2022 to 2029, reaching nearly US$ 12.03 Bn.

Market Scope:

Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.


The carbon dioxide market is divided into segments based on the source, including hydrogen, ethanol, ethylene alcohol, substitute natural gas, and others. The market share that the ethyl alcohol segment owned in 2021 was 32.17%. Through alcoholic fermentation, carbon dioxide is produced as a byproduct in the synthesis of ethyl alcohol. The excellent purity and primary preference for food quality of the carbon dioxide produced from ethyl alcohol drives up demand for this commodity.

The Carbon Dioxide Market is divided into Food and Beverages, Oil and Gas, Medical, Rubber, Fire Fighting, and Others based on Application. In 2021, the segment that had the biggest share was Food and Beverages (41.37%). In the food and beverage sector, carbon dioxide is primarily used to carbonate beverages, freeze meat and other food items, and regulate pH levels. People's changing lifestyles cause a growth in the demand for frozen and ready-to-eat foods, which raises carbon dioxide consumption. Additionally, the demand for Food & Beverages has increased due to the world's growing population, and this demand is anticipated to support the expansion of the carbon dioxide market throughout the course of the projected period.

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Global Carbon Dioxide Market: Research Methodology
Global Carbon Dioxide Market: Executive Summary
Market Overview and Definitions
Introduction to Global Carbon Dioxide Market
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Carbon Dioxide Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
Regulatory Landscape by region
North America
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Carbon Dioxide Market Segmentation
Global Carbon Dioxide Market, by Source (2021-2029)
Global Carbon Dioxide Market, by Application (2021-2029)
Regional Carbon Dioxide Market(2021-2029)
Regional Carbon Dioxide Market, by Source (2021-2029)
Regional Carbon Dioxide Market, by Application (2021-2029)
Regional Carbon Dioxide Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Players:

• Universal Industrial Gases, Inc.
• Linde Group
• Air Products and Chemicals, Inc.
• INOX Air Products Ltd.
• Continental Carbonic Products, Inc.
• Matheson Tri-Gas, Inc.
• Air Liquide International S.A.
• Praxair Inc.
• Gulf Cryo
• Bristol Gases–Concorde Corodex Group
• Buzwair Industrial Gases Factory
• Dubai Industrial Gases
• Messer
• Taiyo Nippon Sanso Corp.

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Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and markeCarbon Dioxideg executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and markeCarbon Dioxideg executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

The biggest players in the Carbon Dioxide market are as follows:

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Regional Analysis:

Individual market influencing components and changes in market laws impacCarbon Dioxideg current and future market trends are also covered in the Carbon Dioxide market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer fooCarbon Dioxideg. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Carbon Dioxide Market:

End-user industries where Carbon Dioxide are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Carbon Dioxide manufacturers, harming the Carbon Dioxide market’s growth in 2020. End-user business demand for Carbon Dioxide has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.

Key Questions Answered in the Carbon Dioxide Market Report are:

In 2021, which segment accounted for the most share of the Carbon Dioxide market?
What is the competitive landscape of the Carbon Dioxide market?
What are the key factors influencing Carbon Dioxide market growth?
In the Carbon Dioxide market, which region has the most market share?
What will be the CAGR of the Carbon Dioxide market during the forecast period (2022-2027)?

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Tags carbon dioxide market
Last Updated February 3, 2023