Carbon Dioxide Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032

Allied Market Research recently released a report titled "Carbon Dioxide Market by Form (Solid, Liquid, and Gas), and Application (Food and Beverages, Medical, Fire Fighting, Agriculture, Metal Fabrication, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the carbon dioxide market witnessed a valuation of $79.0 billion in 2020 and is anticipated to reach $148.2 billion by 2032, demonstrating a CAGR of 5.8% from 2023 to 2032.

Key Growth Drivers:

The global carbon dioxide market is experiencing growth propelled by various factors. Notably, there's a rising demand for carbon dioxide in the food and beverage industry where it serves as a natural preservative, inhibiting the growth of bacteria and other microbes. However, concerns regarding its adverse impacts on humans and the environment pose challenges to market growth. Nevertheless, the surge in carbon recycling for renewable materials and energy supply presents lucrative opportunities for market expansion.

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Insights from the Report:

The carbon dioxide market is characterized by a high degree of fragmentation, with numerous players including ACAIL GÁS, Buzwair Industrial Gases Factories, Dubai Industrial Gases, and others.
The report draws insights from over 6,765 product literatures, industry releases, and annual reports, along with authentic industry journals and government websites, providing valuable industry insights.
The study encompasses nearly 20 countries, offering a detailed segment analysis of each country in terms of value and volume during the forecast period from 2020 to 2032.

Segment Insights:

In terms of form, the gas segment held the largest market share in 2020, accounting for over half of the global carbon dioxide market revenue. This segment is poised to maintain its dominance throughout the forecast period, primarily driven by its widespread use in carbonating beverages such as soda, beer, and sparkling water. On the other hand, the liquid segment is projected to witness the highest CAGR of 6.3% from 2023 to 2032, attributed to its applications in cryosurgery for the destruction of abnormal tissues.

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By application, the food and beverages segment led the market in 2020, accounting for a significant share of the global carbon dioxide market revenue. This dominance is expected to continue owing to carbon dioxide's role as a solvent in the extraction of essential oils and its use in carbonating beverages. Meanwhile, the medical segment is anticipated to exhibit the highest CAGR of 6.0% from 2023 to 2032, driven by its use as a contrast agent in medical imaging procedures.

Regional Outlook:

Asia-Pacific emerged as the leading market in 2020, holding the highest market share and exhibiting the fastest growth rate. This growth is attributed to the heavy reliance on coal for electricity generation in many Asia-Pacific countries, leading to high CO2 emissions.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/south-america-carbon-dioxide-market/purchase-options

Leading Market Players:

Key players in the carbon dioxide market include ACAIL GÁS, Buzwair Industrial Gases Factories, Dubai Industrial Gases, and others. These players have adopted various strategies such as new product launches and collaborations to enhance their market presence.

In conclusion, the report provides comprehensive insights into the global carbon dioxide market, highlighting growth drivers, challenges, and key market players' strategies. With detailed analysis of forms, applications, and regional dynamics, the report serves as a valuable resource for stakeholders seeking to capitalize on emerging opportunities in the carbon dioxide market.

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