Carbon Dioxide Market 2024 Edition: Size, Share, Trends and Research Report by 2032 | Air Liquide (France),Linde (Ireland),Air Products and Chemicals

Global Carbon Dioxide Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Carbon Dioxide Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The Carbon Dioxide Market size was valued at USD 10.9 billion in 2023 and is expected to reach USD 17.2 billion by 2032, growing at a CAGR of 5.3% over the forecast period 2025-2032.

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Carbon Dioxide Market Dynamics

Drivers:

Rising Demand for Carbonated Beverages and Food Products Drives Growth in the Carbon Dioxide Market

Expanding Industrial Applications of CO2 Promote Market Growth in Key Sectors like Oil & Gas and Chemical Manufacturing

Growing Focus on CO2 Capture and Utilization Technologies Enhances Market Opportunities for Carbon Dioxide

Restraints:

High Cost of CO2 Capture and Storage Technologies Limits Widespread Adoption of Carbon Dioxide in Industrial Applications

Major Players in Carbon Dioxide Markets are:

Air Liquide (France),Linde (Ireland),Air Products and Chemicals (US),Messer Group (Germany),Sicgil India Ltd (India),Acail (Portugal),Taiyyo Nippon Sanso Corporation (Japan),SOL Group (Italy),India Glycols Ltd (India),Greco Gas (US),

Industry News:

February 2024: Air Liquide and Dow renewed their industrial gas supply agreement in Stade, which is one of the largest chemical production sites in Lower Saxony, Germany. According to this agreement, Air Liquide will supply industrial gases based on a long-term contract, and it will carry out nearly 40 million euros of CAPEX to upgrade its facilities, thus improving operating efficiency and reducing CO2 emissions, ultimately addressing the increasing market demand.

December 2023: Air Liquide announced plans to build, own, and operate a world-scale carbon capture unit in the industrial hub of Rotterdam, the Netherlands, based on its innovative Cryocap technology. The new unit will be installed behind Air Liquide's hydrogen production plant at the Rotterdam port and will be coupled with Porthos, a large-scale carbon capture and storage infrastructure in Europe that seeks to significantly reduce CO2 emissions in the area.

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Global Carbon Dioxide Market Segmentation:

By Source
Hydrogen
Ethylene Oxide
Ethyl Alcohol
Substitute Natural Gas
Others

By Form
Solid
Liquid
Gas

By Production Method
Combustion
Biological

By Application
Food & Beverages
Oil & Gas
Rubber
Medical
Fire Fighting
Others

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The following areas and countries are covered in the worldwide Carbon Dioxide Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

In 2023, North America dominated the Carbon Dioxide (CO2) market with a market share of 40%. This dominance is largely attributed to the substantial industrial activities in the United States, including oil and gas production, chemical manufacturing, food and beverage production, and medical applications. The U.S. is one of the largest producers of CO2, largely due to its significant use in enhanced oil recovery (EOR) operations, which inject CO2 into aging oil fields to extract more crude oil. Additionally, the demand for CO2 in the food and beverage sector, particularly in carbonated beverages and food preservation, is substantial in North America. Canada and Mexico also contribute to the region's growth, with growing investments in CO2 capture and utilization technologies. The U.S. is a leader in CO2 production from fossil fuel combustion and industrial processes.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
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