Press release
Liquid Carbon Dioxide Market Set to hit US$ 14.03 billion by 2035., Growth Across GCC, United States & APAC
Liquid Carbon Dioxide Market Size 2026-2035
DataM Intelligence has released its latest "Liquid Carbon Dioxide Market Size 2026" report, delivering comprehensive insights into market trends, growth opportunities, competitive dynamics, and regional performance. The report covers market size by value and volume, CAGR forecasts, and emerging opportunities, the report delivers data-driven insights into industry developments, competitive trends, and future market outlook, enabling more effective strategic planning and market expansion.
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Northern Lights Strengthens Europe's Carbon Capture Network with Fourth LCO2 Carrier:
• July 2026: Northern Lights completed its Phase 1 LCO2 fleet with the arrival of the Northern Purpose carrier in Norway.
• The 130-meter vessel features LNG dual-fuel propulsion, a rotor sail, and an air lubrication system to reduce emissions.
• Northern Purpose will transport captured CO2 from European emitters to the Øygarden terminal for permanent offshore storage.
• The fleet now includes four custom-built LCO2 carriers, enhancing cross-border carbon transport and storage capacity across Europe.
• Northern Lights continues expanding its CCS network, with four additional CO2 carriers already chartered for future operations.
United States: Recent Industry Developments
✅ June 2026: Air Products and Chemicals, Inc. expanded liquid carbon dioxide recovery capabilities to support growing demand from food processing, beverage carbonation, and industrial applications.
✅ May 2026: Linde plc enhanced its U.S. liquid CO2 distribution network by investing in additional storage and transportation infrastructure to improve regional supply reliability.
✅ March 2026: Airgas, an Air Liquide company, strengthened its liquid carbon dioxide supply agreements with food and beverage manufacturers to address increasing seasonal demand.
✅ January 2026: Matheson Tri-Gas, Inc. expanded bulk liquid carbon dioxide supply services for healthcare, food preservation, and manufacturing customers across North America.
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Top List of Key Player:
Linde plc, Air Liquide, Air Products and Chemicals, Inc., Messer Group, Matheson Tri-Gas, Nippon Gases, SOL Group, Gulf Cryo, INOX Air Products, Iwatani Corporation, Continental Carbonic Products, Coregas, MISC Berhad, Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, Northern Lights JV, Chart Industries, CryoGas International, BOSCO India, SICGIL Industrial Gases
Key Industry Developments 2026:
✅ June 2026: Air Liquide commissioned its first industrial-scale CryocapTM FG pilot unit at Holcim's CaptureLab to advance carbon capture technology for the cement industry, supporting the production and utilization of liquid CO2 for industrial applications.
✅ February 2026: Northern Lights JV announced the expansion of its fleet with four additional liquid CO2 carriers, increasing transport and storage capacity to more than 5 million tonnes per year to support growing carbon capture and storage (CCS) demand.
✅ January 2026: MISC Berhad, in partnership with K Line, secured a long-term charter agreement from Northern Lights JV to provide a dedicated liquefied carbon dioxide (LCO2) carrier for the next phase of the Northern Lights CCS transport and storage project.
✅ January 2026: ExxonMobil and CF Industries commenced commercial carbon capture and storage (CCS) operations at the Donaldsonville ammonia complex in Louisiana, with the project designed to capture up to 2 million tonnes of CO2 annually for permanent underground storage.
Growth Forecast Projection 2026:
The Global Liquid Carbon Dioxide Market is expected to witness significant growth during the forecast period 2026-2033. In 2025, the market is projected to accelerate as leading players continue to implement strategic initiatives that drive adoption. This sustained growth is set to create emerging opportunities and enhance long-term revenue potential across the industry.
How Our Market Research Process Works 2026-2033:
The Liquid Carbon Dioxide Market report by DataM Intelligence delivers comprehensive insights backed by extensive primary and secondary research. It analyzes key market trends, competitive dynamics, regulatory developments, technological advancements, emerging innovations, and growth opportunities while highlighting potential challenges and evolving market conditions. The report provides actionable intelligence to support strategic planning and identify future market potential.
Latest M & A/ partnerships in 2026:
• January 2026: Air Liquide completed the acquisition of DIG Airgas in South Korea, strengthening its industrial gases portfolio, including carbon dioxide supply capabilities in Asia.
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Japan: Recent Industry Developments
✅ June 2026: Nippon Sanso Holdings Corporation upgraded its liquid carbon dioxide production and logistics network to improve supply efficiency for the food and electronics industries.
✅ May 2026: Taiyo Nippon Sanso Corporation expanded carbon dioxide recovery systems at industrial facilities to support Japan's circular carbon utilization initiatives.
✅ March 2026: Iwatani Corporation strengthened investments in liquid carbon dioxide distribution infrastructure to ensure stable supply for beverage and food processing applications.
✅ January 2026: Air Water Inc. enhanced production capacity for food-grade liquid carbon dioxide to meet rising demand from beverage manufacturers and cold-chain processing facilities.
Key Segmentation Plannings (2026):
By Source: Ethanol Fermentation CO2, Hydrogen and Refinery CO2, Natural Gas Processing CO2, Captured Industrial CO2 and CCUS Linked Supply, Natural CO2 Sources
By Purity Grade: Food Grade CO2, Industrial Grade CO2, Medical and Pharmaceutical Grade CO2, Electronic and Specialty Grade CO2
By Application: Beverage Carbonation, Food Freezing, Chilling and Modified Atmosphere Packaging, Dry Ice Production and Cold Chain, Oil and Gas Enhanced Oil Recovery, Chemicals and pH Control, Medical and Healthcare, Welding, Metal Fabrication and Industrial Processing, Agriculture and Greenhouse Enrichment
By Storage and Delivery Mode: Bulk Liquid Tanks, Cylinders and Dewars, Road Tankers, ISO Containers, Dedicated Liquid CO2 Carriers, Onsite Recovery and Liquefaction Systems
By End-User: Food and Beverage Producers, Cold Chain and Dry Ice Operators, Oil and Gas Companies, Chemical Manufacturers, Healthcare and Pharmaceutical Companies, Industrial Manufacturing, Agriculture and Water Treatment Users
By Contract and Buyer Model: Long Term Bulk Supply Contracts, Spot and Emergency Supply, Distributor Led Supply, Captive and Onsite CO2 Recovery, CCUS Transport and Storage Service Model
Global Market Growth Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1 - Market Overview: Provides a comprehensive introduction to the Liquid Carbon Dioxide Market, including key segments by region, product type, and application, along with market size, growth potential, and short- and long-term outlook.
Chapter 2 - Emerging Trends: Highlights the latest industry trends, technological advancements, and innovations driving market transformation.
Chapter 3 - Competitive Landscape: Analyzes the competitive environment, including market share, strategic developments, partnerships, and recent mergers and acquisitions.
Chapter 4 - Leading Company Profiles: Presents detailed profiles of major market participants, covering revenue, product portfolios, operating performance, and recent developments.
Chapters 5 & 6 - Regional and Country Analysis: Delivers in-depth insights into market performance across key regions and countries, highlighting revenue trends, growth opportunities, and market potential.
Chapter 7 - Market Segmentation: Examines the market by type, identifying key segments, growth prospects, and high-opportunity areas.
Chapter 8 - Application Analysis: Explores major application areas, emerging demand trends, and sectors contributing to market expansion.
Chapter 9 - Supply Chain Analysis: Maps the end-to-end industry value chain, providing insights into upstream suppliers, downstream channels, and overall market structure.
Chapter 10 - Key Insights and Strategic Outlook: Summarizes the report with actionable insights, strategic recommendations, and growth opportunities to support future market planning.
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Q1: What is the current market size of the Liquid Carbon Dioxide Market and its future outlook?
Ans: The global Liquid Carbon Dioxide Market reached US$ 9.85 billion in 2026 and is forecast to attain US$ 14.03 billion by 2035
Q2: How fast is the Liquid Carbon Dioxide Market expected to grow during the forecast period?
Ans: The market is projected to expand at a CAGR of 4.0% from 2026 to 2035, reflecting strong growth potential over the forecast period.
Q3: Which region leads the Liquid Carbon Dioxide Market?
Ans: North America accounted for the largest market share, contributing 28.11% of the global market in 2025
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Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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