"Carbon Dioxide Market – Industry Trends and Forecast to 2028
Global Carbon Dioxide Market, By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others), Delivery Mode (Centralized, Onsite), Production (Combustion, Biological), Application (Food and Beverages, Oil and Gas, Medical, Rubber, Fire Fighting, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Carbon dioxide market size is valued at USD 10.50 billion by 2028 and is expected to grow at a compound annual growth rate of 3.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on carbon dioxide market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
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Carbon dioxide is a type of a colorless and gas which is naturally present in the atmosphere at a low concentration. Carbon dioxide is essentially a greenhouse gas, which is essential for the earth’s ecosystem and is also recovered for multiple diverse applications. Carbon dioxide molecules are composed of a carbon atom covalently double bonded to two oxygen atoms.
**Segments**
- **Application**:
- Beverage
- Fire Fighting
- Medical
- Oil Gas
- **Sources**:
- Fossil Fuel
- Fermentation
- By-product
- **End-Use Industry**:
- Food Beverage
- Healthcare
- Oil Gas
- Fire Safety
Carbon dioxide market is segmented based on application, sources, and end-use industries. In terms of **application**, the market is segregated into beverage, fire fighting, medical, and oil gas sectors. The beverage industry utilizes carbon dioxide in carbonated drinks, while fire fighting relies on it for extinguishing fires. In the medical field, carbon dioxide is used in medicinal applications. Additionally, the oil gas sector employs carbon dioxide for various processes. The **sources** of carbon dioxide include fossil fuels, fermentation, and by-products. Fossil fuels are a major source of carbon dioxide emission, while fermentation processes in industries also generate carbon dioxide. Moreover, certain industrial activities produce carbon dioxide as a by-product. Moving on to the **end-use industry**, carbon dioxide finds extensive applications in food beverage for carbonation, in healthcare for medical purposes, in oil gas for enhanced oil recovery, and in fire safety for fire suppression systems.
**Market Players**
- Linde plc
- Air Products and Chemicals, Inc.
- Praxair Technology, Inc.
- Air Liquide
- Taiyo Nippon Sanso Corporation
- Messer Group
- ELME MESSER GAAS
- Matheson Tri-Gas, Inc.
- Gulf Cryo
- SOL Spa
The carbon dioxide market features several key **market players** who play a crucial role in the industry. Companies like Linde plc, Air Products and Chemicals, Inc., and Air Liquide are prominent players offering a wide range of carbon dioxide products and services. Other significant players include Praxair Technology, Inc.,The carbon dioxide market is highly competitive and fragmented, with several key market players vying for market share and dominance. Linde plc is a major player in the industry, known for its comprehensive portfolio of carbon dioxide products and services catering to various sectors. Air Products and Chemicals, Inc. is another significant player that offers a wide range of solutions for carbon dioxide applications. Air Liquide, with its global presence and expertise in gas solutions, is a formidable competitor in the carbon dioxide market. Praxair Technology, Inc. brings innovative technologies and services to the market, driving advancements in carbon dioxide utilization. Taiyo Nippon Sanso Corporation and Messer Group are also noteworthy players, contributing to the growth and development of the carbon dioxide market with their specialized offerings.
ELME MESSER GAAS and Matheson Tri-Gas, Inc. are key contributors to the market, providing critical gas solutions for various industries that rely on carbon dioxide. Gulf Cryo and SOL Spa are significant players in the carbon dioxide market, offering reliable and efficient supply chain solutions for the distribution of carbon dioxide. These market players operate globally, serving a diverse clientele across different end-use industries such as food beverage, healthcare, oil gas, and fire safety. Their technological expertise, research and development capabilities, and strategic partnerships enhance their competitive advantage in the dynamic carbon dioxide market.
The carbon dioxide market is witnessing significant growth driven by the increasing demand for carbon dioxide across diverse applications and industries. The food beverage sector continues to be a key consumer of carbon dioxide for carbonation purposes, with the rise in the consumption of carbonated beverages worldwide. In the healthcare industry, carbon dioxide is essential for various medical applications, including surgical procedures, respiratory therapy, and diagnostic testing. The oil gas sector utilizes carbon dioxide for enhanced oil recovery, a method that helps in maximizing oil production from existing reservoirs.
Moreover, the fire safety segment relies on carbon dioxide for fire suppression systems, which are crucial for preventing and extinguishing**Global Carbon Dioxide Market Analysis**
- **Source**:
- Hydrogen
- Ethyl Alcohol
- Ethylene Oxide
- Substitute Natural Gas
- Others
- **Delivery Mode**:
- Centralized
- Onsite
- **Production**:
- Combustion
- Biological
- **Application**:
- Food and Beverages
- Oil and Gas
- Medical
- Rubber
- Fire Fighting
- Others
The global carbon dioxide market is experiencing significant growth with a wide range of applications across various industries. The market segmentation based on sources includes hydrogen, ethyl alcohol, ethylene oxide, substitute natural gas, and other sources. Delivery modes comprise centralized and onsite modes, catering to different end-user requirements for carbon dioxide. The production segment encompasses combustion and biological processes, highlighting the diverse methods of carbon dioxide generation. Application areas such as food and beverages, oil and gas, medical, rubber, fire fighting, and others showcase the versatility of carbon dioxide usage across different sectors.
The market expansion is influenced by the surging demand for carbon dioxide in the food and beverage industry, driven by the popularity of carbonated beverages globally. The healthcare sector relies on carbon dioxide for various medical applications, ranging from surgical procedures to respiratory therapy, underpinning its essential role in healthcare settings. Additionally, the oil and gas industry utilizes carbon dioxide for enhanced oil recovery techniques, aiding in the efficient extraction
Countries Studied:
- North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Key Coverage in the Carbon Dioxide Market Report:
- Detailed analysis of Carbon Dioxide Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Carbon Dioxide industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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