Middle East Carbon Dioxide Market to Get an Explosive Growth | ADNOC, Aramco, EIG

The quantitative market research report published by Polaris Market Research on Middle East Carbon Dioxide Market aims to educate users with an in-depth understanding of a rapidly growing market. The study details important facts and figures, expert opinions, and major developments across the globe. The research study serves as a vital source of information with the historical data, Middle East Carbon Dioxide market size, financial data, and projected future growth. All the information presented in the report will help industry participants expand their positions in the market.

Market Stats:

Middle East Carbon Dioxide Market is currently valued at USD 1.33 Billion in 2024 and is anticipated to generate an estimated revenue of USD 2.29 Billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034

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Report Aim and Scope:

The purpose of the research report is to gain a thorough understanding of the industry's potential and to provide insights that will help stakeholders make wise business decisions. Being a comprehensive report, the study puts light on primary and secondary market drivers, leading segments, estimated sales volume, and latest expansions. Also, it offers an all-inclusive perspective on the competitive landscape of the market and a detailed supply chain analysis to help businesses and investors identify crucial changes in industry practices. Furthermore, the study analyzes the unique characteristics and behavior of various segments in the industry.

Competitive Landscape Analysis:

The presence of various Middle East Carbon Dioxide market key players, each employing a different marketing strategy to gain a larger market share, has resulted in intense competition and industry fragmentation. The research report profiles the various key players operating in the market based on price, quality, product portfolio, and brand distinction. Also, it covers various other aspects like product offerings, manufacturing priorities, and significant financial information about key players operating in the industry. Besides, the study includes a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

Here are the key players operating in the market:

ADNOC
Air Liquide
Air Products and Chemicals, Inc.
Aramco
EIG
Gulf Cryo
Linde PLC
SABIC
Sicgil
Technip Energies

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➡️ Middle East CO2 Market Report Highlights

・ In terms of source, the ethyl alcohol segment accounted for a major revenue share in 2024 due to its extensive use in food and beverages, pharmaceuticals, and industrial applications.
・ The substitute natural gas segment is projected to grow at a robust pace in the coming years, owing to the rising energy diversification initiatives and increasing adoption of alternative fuels.
・ Based on application, the food & beverages segment held the largest revenue share in 2024 due to expanding consumption of carbonated drinks, packaged foods, and processed products.
・ The oil & gas segment is projected to grow at a rapid pace during the forecast period, owing to the increasing use of CO2 in enhanced oil recovery (EOR) projects.
・ Saudi Arabia held the largest Middle East carbon dioxide (CO2) market share in 2024. This dominance is attributed to its strong industrial base and high consumption of CO2 across food processing, beverages, oil and gas, and medical applications.
・ The UAE market is projected to hold a substantial revenue share by 2034, driven by increasing investments in industrial gases and carbon capture, utilization, and storage (CCUS) projects.

Market Drivers and Restraints:

The research report discusses all the major elements that may influence the growth trajectory of the market. It includes in-depth information on the market drivers and restraints that are endangering the global industry. Furthermore, it goes on to analyze the various segments and sub-segments in the market. The research study offers a thorough analysis of the current industry trends and global development drivers for the market.

The study sheds light on all the major technological advancements, innovations and new product introductions anticipated to support the market expansion. Besides, it covers regulatory initiatives and changes that may have a favorable impact on the Middle East Carbon Dioxide market demand. Furthermore, investments in research and development activities by government and private entities have been covered in the study.

Market Segmentation:

By Source Outlook
▪️ Hydrogen
▪️ Ethyl Alcohol
▪️ Ethylene Oxide
▪️ Substitute Natural Gas
▪️ Others

By Application Outlook
▪️ Food & Beverages
▪️ Oil & Gas
▪️ Medical
▪️ Rubber
▪️ Firefighting
▪️ Others

By Country Outlook
▪️ Saudi Arabia
▪️ UAE
▪️ Qatar
▪️ Israel
▪️ Rest of Middle East

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The Report Provides Answers to the Following Questions:

1. How will the Middle East Carbon Dioxide industry perform during the estimated period?
➜ The market will grow at a CAGR of 5.60% from 2025 to 2034, driven by increasing automobile production, high polymer production, and expanding urbanization.

2. What will be the industry size in terms of volume and sales?
➜ Sales will grow from USD 1.33 billion in 2024 to USD 2.29 billion by 2034.

3. What are the impeding factors that may hamper market demand?
➜ The report does not specify impeding factors.

4. What are the key trends in this market?
➜ Key trends include expanding use in enhanced oil recovery (EOR) projects, rising demand from food & beverages sector for carbonation, and increasing investments in carbon capture utilization and storage (CCUS) technologies.

5. Which are the main factors responsible for new product launches?
➜ Growing focus on sustainability and net-zero initiatives, development of CO2 Direct Air Capture technologies, and integration with circular carbon economy applications.

The Middle East Carbon Dioxide market research report assesses all the key industry elements, such as long-term industry prospects, niche conclusion trends, and their evolution in the industry. It provides access to crucial information on raw material costs, production sites, and extensive industry chain analysis. The industry data and information provided in the report provide stakeholders with deep insights into the financial viability and practicality of various industry aspects.

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