Carbon Dioxide Market Size Worth USD 15.21 billion 2032| A CAGR of 3.6%| Companies- Linde plc, Air Products and Chemicals, Inc, Air Liquide

The global carbon dioxide market size was valued at USD 11.11 billion in 2023. The industry is expected to expand from USD 11.50 billion in 2024 to USD 15.21 billion by 2032, exhibiting a CAGR of 3.6% over the study period.

Carbon dioxide refers to a chemical compound with two oxygen atoms and one carbon atom. The surging consumer demand for carbonated beverages is fostering market growth. Additionally, CO2 finds applications in various sectors owing to its versatility.

Fortune Business Insights™ provides this information in its research report, titled "Carbon Dioxide Market, 2024-2032".

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/sample/carbon-dioxide-market-102866

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

▶ Linde plc (Ireland)

▶ Air Products and Chemicals, Inc. (U.S.)

▶ Air Liquide (France)

▶ Sicgil India Limited (India)

▶ Matheson Tri-Gas, Inc. (U.S.)

▶ Universal Industrial Gases, Inc. (U.S.)

▶ The Messer Group GmbH (Germany)

▶ SOL Spa (Italy)

▶ POET, LLC (U.S.)

▶ Reliant Gases (U.S.)

▶ India Glycols Limited (India)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐋𝐢𝐪𝐮𝐢𝐝 𝐂𝐎𝟐 𝐢𝐧 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐅𝐮𝐞𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

In terms of form, the market is classified into gas, solid, and liquid. The liquid segment captured the largest share in 2023 with extensive applications of liquid carbon dioxide in different industries, including chemical processing, healthcare, food and beverages, and more.

𝐔𝐭𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐄𝐭𝐡𝐲𝐥 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐚𝐬 𝐚 𝐅𝐮𝐞𝐥 𝐒𝐨𝐮𝐫𝐜𝐞 𝐭𝐨 𝐈𝐦𝐩𝐞𝐥 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

On the basis of source, the market is segregated into ethylene oxide, substitute natural gas, hydrogen, ethyl alcohol, and others. The ethyl alcohol segment witnessed the largest carbon dioxide market share in 2023 with the deployment of ethyl alcohol as a source of fuel in combustion engines, which leads to the production of CO2 as a byproduct.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/carbon-dioxide-market-102866

𝐑𝐚𝐩𝐢𝐝𝐥𝐲 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐭𝐡𝐞 𝐅𝐨𝐨𝐝 & 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧

With respect to end-use industry, the market is categorized into metal fabrication, firefighting, oil & gas, food & beverage, medical, and others. The food & beverage segment holds the major share due to the surging demand for food and beverage products owing to the rapidly growing population.

From the regional perspective, the market is classified into Latin America, the Middle East & Africa, the Asia Pacific, North America, and Europe.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞

The research report provides a comprehensive coverage of the major driving and restraining factors affecting the market growth. In addition, it highlights the key segments, the latest trends, and notable industry developments. Additional aspects of the report include the strategic initiatives undertaken by leading companies to boost their share.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

𝐒𝐮𝐫𝐠𝐢𝐧𝐠 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐢𝐧 𝐅𝐨𝐨𝐝 & 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐚𝐧𝐝 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐄𝐬𝐜𝐚𝐥𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

One of the major factors boosting the carbon dioxide market growth is an increase in the utilization of medical and food & beverage industries. Carbon dioxide has different applications in the medical industry, including the stabilization of body cavities during respiratory stimulation and minimally invasive surgery. In addition, it is deployed in the food & beverage industry to carbonate beverages and freeze poultry & meat.

However, the concerns pertaining to the transportation of the product may hamper market expansion.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧- https://www.fortunebusinessinsights.com/carbon-dioxide-market-102866

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐋𝐞𝐚𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐮𝐞 𝐭𝐨 𝐇𝐞𝐢𝐠𝐡𝐭𝐞𝐧𝐞𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐅𝐫𝐨𝐦 𝐭𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Asia Pacific's market valuation reached USD 5.08 billion in 2023 on the back of the massive demand from medical and food & beverage industries. Increasing population and rise in disposable incomes will result in heightened consumption of beverages, leading to the region's growth.

North America is poised to observe significant growth in coming years due to the growing demand for oil recovery applications, which is encouraging carbon dioxide use.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐄𝐦𝐩𝐡𝐚𝐬𝐢𝐳𝐞 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐓𝐡𝐞𝐢𝐫 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲

The market depicts a competitive and consolidated structure in terms of the competitive scenario. Moreover, global companies are making heavy investments in the research and development of better technologies to enhance product output. Several companies are also focusing on capacity expansion strategies to maximize their production output.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟎: Linde unveiled that it has started a new air separation plant in Freeport, Texas. The new plant will supply oxygen and nitrogen to MEGlobal Oyster Creek.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-

Industrial Gases Market- https://www.fortunebusinessinsights.com/industry-reports/industrial-gases-market-101728

Food-grade Gases Market- https://www.fortunebusinessinsights.com/industry-reports/food-grade-gases-market-101623

Natural Refrigerants Market- https://www.fortunebusinessinsights.com/natural-refrigerants-market-105256

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This release was published on openPR.