Press release
Carbon Dioxide Market: EOR in Oil and Gas Industries Complementing Sales of Carbon Dioxide || Key Players: Praxair Inc., Air Products and Chemicals, Inc., Gulf Cryo, Abdullah Hashim Industrial & Equipment Co. Ltd
Consumption of carbon dioxide witnessed a persistent rise during the historical period 2013-2017, and the status quo is expected to continue during the forecast period 2018-2026. According to Fact.MR, global carbon dioxide consumption is likely to reach nearly 23,000 KT in 2018, up from nearly 21,500 KT in 2017. The study shows that the carbon dioxide market remains moderately consolidated among tier 1 players and top 10 players collectively hold a revenue share of over 60%.
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Enhanced Oil Recovery (EOR) in Oil and Gas Industries Complementing Sales of Carbon Dioxide
As per a revelation by the American Petroleum Institute, the oil & gas industry has been registering a burgeoning demand for carbon dioxide from last 35 years for additional oil recovery. An analysis by the U.S. Department of Energy (DOE) conveys that around 137 billion barrels of potential oil resources are recoverable through carbon dioxide enhanced oil recovery, with close to 67 billion barrels recoverable at the cost of around US$ 85 per barrel.
Market Structure
The carbon dioxide market is segmented on the basis of production, by delivery mode, by end use, and by region. By production, the carbon dioxide market has been segmented into combustion and biological. By delivery mode, the carbon dioxide market has been classified into centralized and onsite. By end use, the carbon dioxide market has been segmented into metal manufacturing and fabrication, food and beverage, pulp and paper, oil and gas, healthcare, chemical, and other industries. The carbon dioxide market has been assessed across key regions of North America, Latin America, Europe, Asia Pacific excluding China, China, and MEA
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The competitive landscape in the research study on carbon dioxide market offers detailed information on the key stakeholders having a stronghold in the carbon dioxide market. Various prospects of the key players in the carbon dioxide market, such as product portfolio, technological innovations, key differential strategies, and other financials have been extensively covered. The report on carbon dioxide market features key companies such as Linde Group, Air Liquide, Praxair Inc., Air Products and Chemicals, Inc., Gulf Cryo, Abdullah Hashim Industrial & Equipment Co. Ltd, and many more.
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