Carbon Dioxide Market Trends, Size, Share And Analysis 2024-2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Carbon Dioxide Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The carbon dioxide market size has grown rapidly in recent years. It will grow from $15.13 billion in 2023 to $17.32 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to emerging markets growth, and increased demand from the medical industry.

The carbon dioxide market size is expected to see rapid growth in the next few years. It will grow to $29.05 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to growing demand for frozen food, and growing demand from the oil and gas industry. Major trends in the forecast period include developing carbon dioxide separation technology, focusing on carbon capture and utilization, supplying to greenhouses, and considering mergers or the acquisition to increase market share.

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Market Segmentation:
The carbon dioxide market covered in this report is segmented -

1) By Product Type: Liquid Carbon Dioxide, Solid Carbon Dioxide, Gaseous Carbon Dioxide
2) By Grade Type: Medical Grade, Food Grade, Industrial Grade, Other Grade
3) By Application: Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, Chemicals, Metal Products, Other Applications

Major Driver - Growing Demand For Firefighting In Carbon Dioxide Market
The growing demand for firefighting is expected to propel the growth of the carbon dioxide market going forward. Firefighting is the practice and profession of extinguishing fires and managing emergency situations involving fires, with the primary goals of protecting life, property, and the environment. Carbon dioxide is widely used as a firefighting agent in specialized fire suppression systems by displacing oxygen and removing one of the elements required for combustion, reducing the risk of fire accidents and minimizing the extent of damage. For instance, in June 2023, according to the National Fire Protection Association, a US-based non-profit organization, there were 38 firefighters and 51 volunteer deaths in 2022, which is an increase of 27 firefighters and 35 volunteer deaths in 2021. Therefore, the growing demand for firefighting is driving the growth of the carbon dioxide market.

Competitive Landscape:
Major companies operating in the carbon dioxide market report are Linde PLC, Air Products and Chemical, Inc., Air Liquide, The Messer Group GmbH, Nippon Sanso Holdings Corporation, Air Water Inc, Gulf Cryo, SOL Spa, Reliant Gases, India Glycols Limited, Praxair Inc., NGK Spark Plug Co., Ltd., Taiyo Nippon Sanso, Oxair, Yingde Gas Group Co., Ltd., Core Industrial Gases, Supagas, AMCS Corporation, Gagan Gases Ltd, Refex Industries, BOC UK, Altex, Climeworks AG, Carbon Clean, GRASYS, Continental Carbonic Products, Inc., Matheson Tri-Gas, Messer Gases del Peru S.A., WIKA Alexander Wiegand SE & Co. KG, Buzwair, Sasol, Gas Africa Limited, Carbacid Investments Limited, Afrox

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Top Trend - Product Innovation With Carbon Dioxide In Cosmetics Industry
Major companies operating in the carbon dioxide market are focusing on the development of new products, to gain a competitive edge in the market. These innovations are used in cosmetic product that uses recycled carbon dioxide (CO2) as an ingredient. For Instance, In July 2022, Beiersdorf AG, a Germany-based personal-care products manufacturing company, launched NIVEA MEN Climate Care Moisturizer. NIVEA MEN Climate Care Moisturizer is manufactured with recycled carbon dioxide (CO2) and a carbon capture utilization process. For this product, carbon is collected and processed into ethanol, which is then used in the moisturizer. This is the first skin care product that uses ultramodern carbon dioxide (CO2) recycling technology.

The Table Of Content For The Market Report Include:

1. Executive Summary
2. Carbon Dioxide Market Characteristics
3. Carbon Dioxide Market Trends And Strategies
4. Carbon Dioxide Market - Macro Economic Scenario
5. Carbon Dioxide Market Size And Growth
…..
27. Carbon Dioxide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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