GVR Report cover Carbon Dioxide Market Size, Share & Trends Report

Carbon Dioxide Market Size, Share & Trends Analysis Report By Form (Solid, Liquid, Gas), By Source (Ethyl Alcohol, Ethylene Oxide), By Application (Food & Beverages, Oil & Gas, Medical), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-403-1
  • Number of Report Pages: 134
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Bulk Chemicals

Carbon Dioxide Market Size & Trends

The global carbon dioxide market size was estimated at USD 10.94 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This is attributed to its growing application in enhanced oil recovery (EOR) due to the depleting oil reserves and heavy dependence on crude oil imports, mainly in the Asia Pacific. Moreover, growing end-use industries like food & beverages and medical are expected to boost the carbon dioxide (CO2) industry during the forecast period. The U.S. is one of the most prominent markets for CO2 in the world, growing at a CAGR of 4.9% in terms of revenue in the upcoming years. The growth of the CO2 industry in the U.S. is attributed to increasing industrialization and the flourishing oil and gas industry in the country.

U.S. Carbon Dioxide Market size and growth rate, 2024 - 2030

As per the U.S. Energy Information Administration U.S. dry natural gas production in 2022 was ~1.29 trillion cubic feet, greater than in 2021 owing to higher prices for natural gas & increase in demand, especially for exports.

The application of CO2 in the medical segment is increasingly gaining significance across the globe. The CO2 gas is primarily used as an insufflation component for several surgical procedures including laparoscopy, endoscopy, and arthroscopy. It is used to inflate and stabilize the cavities in the human body, thereby ensuring better visibility of the surgical area.

Moreover, CO2 is also used in surgeries for increasing the blood flow to the brain and aids respiration. For medical purposes, CO2 is supplied through uniquely manufactured steel cylinders that are chromium-plated and include valves.

Moreover, the detrimental effects of carbon emissions in the atmosphere are among the major cause of global climate change. Although countries around the world have invested heavily to curb carbon pollution by introducing innovations in CCS (Carbon Capture & Storage) technology and implementing carbon rates in some countries. However, most countries remain considerably short of meeting the targeted climate goals.

Carbon capture utilization & storage (CCUS) is the technology capable of lowering emissions from a wide range of industries such as power generation, steel, iron, refining, petrochemicals, and cement manufacturing. The carbon sequestration technologies include capture, transport, storage, and utilization.

Market Concentration & Characteristics

The major players including Air Liquide, Air Products and Chemicals, Inc., Linde plc, SOL Group, and Messer SE & Co. KGaA partner with other companies in adjacent industries to explore new business models or product lines or collaborate with innovative startups to bring new carbon capture and utilization technologies to market. An example of strategic partnership is ExxonMobil partnering with Global Thermostat, a technology company that specializes in direct air capture of carbon dioxide. This partnership allows ExxonMobil to leverage the expertise and resources of Global Thermostat to develop new carbon capture and utilization technologies.

Carbon Dioxide Market Concentration & Characteristics

Moreover, the emerging participants including ACAIL Gas, Strandmøllen A / S, Sicgil India Limited, and Greco Gas Inc. are focusing on product innovation and technological advancements to differentiate themselves from established players. For instance, CarbonCure Technologies company has developed a technology that uses carbon dioxide to strengthen concrete, reducing the carbon footprint of the building industry. The company's operating strategy focuses on innovation, with research and development efforts to continually improve the technology.

Applications Insights

Food & Beverages segment dominated with the highest revenue share of over 50.0% in 2023 owing to its increasing usage for cryogenic freezing, which offers wide flexibility in terms of temperature as compared to mechanical refrigeration. Cryogenic cooling and freezing with CO2 is commonly preferred for bakery, confectionary, meat, and seafood products as it offers increased production capacity, better preservation of aromas and nutrients, and efficient conservation of natural taste, color, and food quality.

CO2 is often used in modified atmospheric packaging (MAP) to extend the shelf life of the food products. This type of packaging uses a controlled environment for certain foods, such as meat, fruits, salads, and some bakery products, to prevent the spoilage and to preserve the freshness of the food products. CO2 is also used for controlled atmosphere storage (CAS), which is used to control insects and pests in long-term storage facilities.

Global Carbon Dioxide Market share and size, 2023

Moreover, oil & gas industry exhibits the large-scale use of CO2 for upstream well servicing applications such as hydraulic fracturing and enhanced oil recovery (EOR) applications such as miscible oil displacement. EOR techniques are used in oil & gas industry to improve oil recovery rates and to prolong the operating life of mature oil fields. The use of EOR-CO2 technique increases the oil extraction by 30% to 60% as compared to the use of natural gas injection or water pressure injection.

Source Insights

Ethyl alcohol dominated the market with the highest revenue share of over 33.0% in 2023. This is attributed to its easy availability as a long term and reliable source for the production of CO2. Moreover, increasing global demand for food-grade CO2 is further projected to fuel the CO2 production from ethyl alcohol in the coming years.

Carbon dioxide is obtained as a by-product in the production of ethyl alcohol through alcoholic fermentation. In addition, combustion of ethanol also leads to the release of CO2 and water vapor. CO2obtained from these processes is primarily used for food & beverage applications such as carbonation and as a chilling, cooling, & freezing agent

Carbon dioxide is also obtained as a by-product during the production process of hydrogen. Different processes involved in the production of enhanced hydrogen includes biological processes, thermochemical processes and electrolytic processes.

Carbon dioxide is also produced from a number of other sources and used in various processes. During the forecast period, the ongoing R&D efforts to efficiently manufacture CO2 from various sources is anticipated to boost the market growth. Carbon dioxide prices are influenced by factors such as supply & demand, production cost, emission regulations, transportation, and competition. If there are many suppliers offering carbon dioxide in particular application, the prices may be lower due to increased competition.

Form Insights

Liquid segment dominated the market with the highest revenue share in 2023. This is attributed to wide use of the product in food & beverages sector for freezing and carbonation.

Further, the fuels derived using the product is being increasingly utilized in the transportation industry and power generation sectors. SPIC, Linde Plc, and Air Liquide are some of the key producers of liquid CO2.

Regional Insights

North America region dominated the product market with the highest revenue share of over 42% in 2023. This is attributed to the expansion of industrial sector in the region. Moreover, the growing healthcare industry across the countries of North America is likely to promote the use of CO2 for various purposes such as in surgeries to stabilize body cavities and enlarge the surgical surface area.

Carbon Dioxide Market Trends, by Region, 2024 - 2030

In terms of revenue, Asia Pacific accounted for the second-largest revenue share in 2023. This is attributable to the significant industrial development in country like China. As per the State Council People’s Republic of China, the country’s production sustained its industrial production growth, as the industrial output went up by 3.6% year on year in 2022. Moreover, the country is a key consumer of CO2 both globally and in Asia Pacific.

Philippines Carbon Dioxide Market: Philippines produced approximately 3.68 billion tons of CO2 emissions in 2022. Some of major sectors resulting in emissions are energy, agriculture, industrial processes, waste management, and forestry. The country aims to reduce the GHG emissions by 75% by 2030, which is likely to promote the carbon capture, utilization, & storage industry in the economy.

UK constitutes the largest share for carbon dioxide market in Europe, followed by Germany, France, Spain, Italy, and rest of Europe. In Europe, carbon dioxide is mainly used in food & beverages and other applications including oil & gas, medical, rubber, and firefighting.

Key Companies & Market Share Insights

Major market players such as Matheson Tri-Gas, Inc & Linde plc have adopted sustainable sourcing strategies after considering current regulatory scenario & the long-term opportunities. Moreover, major companies are following expansion strategies in order to increase the market share of the company.

  • In December 2023, Air Liquide announced that it will build one of Europe’s largest carbon capture & storage unit at its hydrogen production plant in Rotterdam, the Netherlands, utilizing its Cryocap technology. The facility is expected to be operational in 2026.

  • In April 2023, Linde signed a long-term agreement with ExxonMobil for off-take of CO2. As per the agreement, ExxonMobil shall transport and store 2.2 million metric tons of CO2 annually from Linde’s hydrogen production plant. 

Key Carbon Dioxide Companies:

  • Acail Gás
  • Air Liquide
  • Air Products and Chemicals, Inc.
  • Greco Gas Inc.
  • Linde AG
  • Messer Group
  • Sicgil India Limited
  • SOL Group
  • Strandmøllen A/S
  • Taiyo Nippon Sanso Corporation.

Carbon Dioxide Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 11.56 billion

Revenue forecast in 2030

USD 15.46 billion

Growth rate

CAGR of 5.0% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

Quantitative Units

Volume in kilotons, revenue in USD million, and CAGR from 2024 to 2030

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Form, source, application, region

Regional scope

U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, Saudi Arabia , & UAE

Country scope

Acail Gás , Air Liquide, Air Products and Chemicals, Inc., Greco Gas Inc., Linde AG, Messer Group, Sicgil India Limited, SOL Group, Strandmøllen A/S, Taiyo Nippon Sanso Corporation

Key companies profiled

Acerinox S.A.; Aperam Stainless; ArcelorMittal; Baosteel Group; Jindal Stainless; Nippon Steel Corporation; Outokumpu; POSCO; ThyssenKrupp Stainless GmbH; Yieh United Steel Corp.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Carbon Dioxide Market Report Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global carbon dioxide market report based on source, form, application, and region:

Global Carbon Dioxide Market Report Segmentation

  • Source Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

    • Hydrogen

    • Ethyl Alcohol

    • Ethylene Oxide

    • Substitute Natural Gas

    • Others

  • Form Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

    • Solid

    • Liquid

    • Gas

  • Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

    • Food & Beverages

    • Oil & Gas

    • Medical

    • Rubber

    • Firefighting

    • Others

  • Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • UAE

      • Saudi Arabia

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR’s Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Insights
                    2.2. Segmental Outlook
                    2.3. Competitive Outlook
Chapter 3. Carbon Dioxide Market Variables, Trends & Scope
                    3.1. Market Lineage Outlook
                        3.1.1. Global Carbon Dioxide Market Outlook
                    3.2. Industry Value Chain Analysis
                        3.2.1. Sales Channel Analysis
                        3.2.2. Carbon Dioxide Profit Margin Analysis
                        3.2.3. Vendor Selection Criteria
                    3.3. Manufacturing/Technology Overview
                        3.3.1. Carbon Capture & Storage (CSS)
                            3.3.1.1. Post-combustion of Carbon
                            3.3.1.2. Pre-combustion of Carbon
                            3.3.1.3. Oxy-fuel Combustion
                        3.3.2. Technology Trends
                            3.3.2.1. Chemical Looping
                            3.3.2.2. Solvents and Sorbents
                            3.3.2.3. Bio-energy with Carbon Capture and Storage (BECCS)
                            3.3.2.4. Direct Air Capture (DAC)
                    3.4. Price Trend Analysis, 2018 - 2030
                        3.4.1. Factors influencing Prices
                    3.5. Regulatory Framework
                    3.6. Trade Analysis (HS Code: 281121)
                        3.6.1. Major Importers, Key Country Analysis 2018 - 2022
                        3.6.2. Major Exporters, Key Country Analysis 2018 - 2022
                    3.7. Market Dynamics
                        3.7.1. Market Driver Analysis
                        3.7.2. Market Restraint Analysis
                        3.7.3. Industry Challenges
                    3.8. Porter’s Five Forces Analysis
                        3.8.1. Supplier Power
                        3.8.2. Buyer Power
                        3.8.3. Substitution Threat
                        3.8.4. Threat from New Entrant
                        3.8.5. Competitive Rivalry
                    3.9. PESTEL Analysis
                        3.9.1. Political Landscape
                        3.9.2. Economic Landscape
                        3.9.3. Social Landscape
                        3.9.4. Technological Landscape
                        3.9.5. Environmental Landscape
                        3.9.6. Legal Landscape
                    3.10. Major Liquification Plants
                    3.11. Carbon Pricing Initiatives
                    3.12. Carbon Pricing Emission Coverage & Tax Composition
                        3.12.1. Carbon Price Gaps In Different Sectors
                        3.12.2. Estimated Emission Coverage & Permit Price, 2018
                        3.12.3. Effective Carbon Prices
Chapter 4. Carbon Dioxide Market: Suppliers Portfolio Analysis
                    4.1. List Of Raw Material Suppliers
                    4.2. Raw Material Trends
                    4.3. Portfolio Analysis/Kraljic Matrix
                    4.4. Engagement Model
                    4.5. List of Raw Material Suppliers
                    4.6. Negotiation Strategies
                    4.7. Sourcing Best Practices
Chapter 5. Carbon Dioxide Market: Form Outlook Estimates & Forecasts
                    5.1. Carbon Dioxide Market: Form Movement Analysis, 2023 & 2030
                    5.2. Solid
                        5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    5.3. Liquid
                        5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    5.4. Gas
                        5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Carbon Dioxide Market: Source Outlook Estimates & Forecasts
                    6.1. Carbon Dioxide Market: Source Movement Analysis, 2023 & 2030
                    6.2. Hydrogen
                        6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.3. Ethyl Alcohol
                        6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.4. Ethylene Oxide
                        6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.5. Substitute Natural Gas
                        6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.6. Others
                        6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Carbon Dioxide Market: Application Outlook Estimates & Forecasts
                    7.1. Carbon Dioxide Market: Application Movement Analysis, 2023 & 2030
                    7.2. Food & Beverage
                        7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    7.3. Oil & Gas
                        7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    7.4. Medical
                        7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    7.5. Rubber
                        7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    7.6. Firefighting
                        7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    7.7. Others
                        7.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Carbon Dioxide Market Regional Outlook Estimates & Forecasts
                    8.1. Regional Snapshot
                    8.2. Carbon Dioxide Market: Regional Movement Analysis, 2023 & 2030
                    8.3. North America
                        8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        8.3.2. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                        8.3.3. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                        8.3.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.3.5. U.S.
                            8.3.5.1. Key Country Dynamics
                            8.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.5.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.5.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.5.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.3.6. Canada
                            8.3.6.1. Key Country Dynamics
                            8.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.6.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.6.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.6.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.3.7. Mexico
                            8.3.7.1. Key Country Dynamics
                            8.3.7.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.7.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.7.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.3.7.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                    8.4. Europe
                        8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        8.4.2. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.2.1. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.2.2. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.2.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.4.3. Germany
                            8.4.3.1. Key Country Dynamics
                            8.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.3.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.3.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.3.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.4.4. France
                            8.4.4.1. Key Country Dynamics
                            8.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.4.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.4.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.4.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.4.5. UK
                            8.4.5.1. Key Country Dynamics
                            8.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.5.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.5.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.5.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.4.6. Italy
                            8.4.6.1. Key Country Dynamics
                            8.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.6.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.6.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.6.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.4.7. Spain
                            8.4.7.1. Key Country Dynamics
                            8.4.7.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.7.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.7.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.4.7.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                    8.5. Asia Pacific
                        8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.2. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.3. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.5. China
                            8.5.5.1. Key Country Dynamics
                            8.5.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.5.3. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.5.4. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.5.5. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.5.6. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.6. South Korea
                            8.5.6.1. Key Country Dynamics
                            8.5.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.6.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.6.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.6.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.7. Japan
                            8.5.7.1. Key Country Dynamics
                            8.5.7.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.7.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.7.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.7.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.5.8. India
                            8.5.8.1. Key Country Dynamics
                            8.5.8.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.8.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.8.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.5.8.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                    8.6. Central & South America
                        8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        8.6.2. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                        8.6.3. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                        8.6.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.6.5. Brazil
                            8.6.5.1. Key Country Dynamics
                            8.6.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.6.5.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.6.5.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.6.5.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.6.6. Argentina
                            8.6.6.1. Key Country Dynamics
                            8.6.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.6.6.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.6.6.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.6.6.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                    8.7. Middle East & Africa
                        8.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        8.7.2. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                        8.7.3. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                        8.7.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.7.5. Saudi Arabia
                            8.7.5.1. Key Country Dynamics
                            8.7.5.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.7.5.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.7.5.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.7.5.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        8.7.6. UAE
                            8.7.6.1. Key Country Dynamics
                            8.7.6.2. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            8.7.6.3. Market estimates and forecast, by source, 2018 - 2030 (USD Million) (Kilotons)
                            8.7.6.4. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            8.7.6.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 9. Competitive Landscape
                    9.1. Company Categorization
                    9.2. Vendor Landscape
                        9.2.1. List Of Key Distributors & Channel Partners
                        9.2.2. List Of End-Users
                    9.3. Company Market Positioning Analysis, 2022
                        9.3.1. SWOT, By Key Companies
                    9.4. Company Heat Map Analysis
                    9.5. Strategy Mapping
                        9.5.1. Expansion
                        9.5.2. Mergers & Acquisition
                        9.5.3. Collaborations
                        9.5.4. New Product Launches
                        9.5.5. Research & Development
Chapter 10. Company Profiles/Listing
                    10.1. Acail Gás
                        10.1.1. Company Overview
                        10.1.2. Financial Performance
                        10.1.3. Product Benchmarking
                    10.2. Air Liquide
                        10.2.1. Company Overview
                        10.2.2. Financial Performance
                        10.2.3. Product Benchmarking
                    10.3. Air Products and Chemicals, Inc.
                        10.3.1. Company Overview
                        10.3.2. Financial Performance
                        10.3.3. Product Benchmarking
                    10.4. Greco Gas Inc.
                        10.4.1. Company Overview
                        10.4.2. Financial Performance
                        10.4.3. Product Benchmarking
                    10.5. Linde AG
                        10.5.1. Company Overview
                        10.5.2. Financial Performance
                        10.5.3. Product Benchmarking
                    10.6. Messer Group
                        10.6.1. Company Overview
                        10.6.2. Financial Performance
                        10.6.3. Product Benchmarking
                    10.7. Sicgil India Limited
                        10.7.1. Company Overview
                        10.7.2. Financial Performance
                        10.7.3. Product Benchmarking
                    10.8. SOL Group
                        10.8.1. Company Overview
                        10.8.2. Financial Performance
                        10.8.3. Product Benchmarking
                    10.9. Strandmøllen A/S
                        10.9.1. Company Overview
                        10.9.2. Financial Performance
                        10.9.3. Product Benchmarking
                    10.10. Taiyo Nippon Sanso Corporation
                        10.10.1. Company Overview
                        10.10.2. Financial Performance
                        10.10.3. Product Benchmarking


List of Tables

Table 1 Carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 2 Liquid carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 3 Gas carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 4 Solid carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 5 Carbon dioxide market estimates and forecasts, by hydrogen, 2018 - 2030 (USD Million) (Kilotons)
Table 6 Carbon dioxide market estimates and forecasts, by ethyl alcohol, 2018 - 2030 (USD Million) (Kilotons)
Table 7 Carbon dioxide market estimates and forecasts, by ethylene oxide, 2018 - 2030 (USD Million) (Kilotons)
Table 8 Carbon dioxide market estimates and forecasts, by substitute natural gas, 2018 - 2030 (USD Million) (Kilotons)
Table 9 Carbon dioxide market estimates and forecasts, by other sources, 2018 - 2030 (USD Million) (Kilotons)
Table 10 Carbon dioxide market estimates and forecasts, in food & beverages, 2018 - 2030 (USD Million) (Kilotons)
Table 11 Carbon dioxide market estimates and forecasts, in oil & gas, 2018 - 2030 (USD Million) (Kilotons)
Table 12 Carbon dioxide market estimates and forecasts, in medical, 2018 - 2030 (USD Million) (Kilotons)
Table 13 Carbon dioxide market estimates and forecasts, in rubber, 2018 - 2030 (USD Million) (Kilotons)
Table 14 Carbon dioxide market estimates and forecasts, in firefighting, 2018 - 2030 (USD Million) (Kilotons)
Table 15 Carbon dioxide market estimates and forecasts, in other applications, 2018 - 2030 (USD Million) (Kilotons)
Table 16 North America carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 17 North America carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 18 North America carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 19 North America carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 20 North America carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 21 North America carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 22 North America carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 23 U.S. carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 24 U.S. carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 25 U.S. carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 26 U.S. carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 27 U.S. carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 28 U.S. carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 29 U.S. carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 30 Canada carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 31 Canada carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 32 Canada carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 33 Canada carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 34 Canada carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 35 Canada carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 36 Canada carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 37 Mexico carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 38 Mexico carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 39 Mexico carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 40 Mexico carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 41 Mexico carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 42 Mexico carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 43 Mexico carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 44 Europe carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 45 Europe carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 46 Europe carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 47 Europe carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 48 Europe carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 49 Europe carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 50 Europe carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 51 Germany carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 52 Germany carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 53 Germany carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 54 Germany carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 55 Germany carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 56 Germany carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 57 Germany carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 58 France carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 59 France carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 60 France carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 61 France carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 62 France carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 63 France carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 64 France carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 65 UK carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 66 UK carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 67 UK carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 68 UK carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 69 UK carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 70 UK carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 71 UK carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 72 Italy carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 73 Italy carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 74 Italy carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 75 Italy carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 76 Italy carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 77 Italy carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 78 Spain carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 79 Spain carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 80 Spain carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 81 Spain carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 82 Spain carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 83 Spain carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 84 Spain carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 85 Asia Pacific carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 86 Asia Pacific carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 87 Asia Pacific carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 88 Asia Pacific carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 89 Asia Pacific carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 90 Asia Pacific carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 91 Asia Pacific carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 92 China carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 93 China carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 94 China carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 95 China carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 96 China carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 97 China carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 98 China carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 99 Japan carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 100 Japan carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 101 Japan carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 102 Japan carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 103 Japan carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 104 Japan carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 105 Japan carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 106 South Korea carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 107 South Korea carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 108 South Korea carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 109 South Korea carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 110 South Korea carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 111 South Korea carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 112 South Korea carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 113 India carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 114 India carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 115 India carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 116 India carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 117 India carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 118 India carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 119 India carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Kilotons)
Table 120 Central & South America carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 121 Central & South America carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 122 Central & South America carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 123 Central & South America carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 124 Central & South America carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 125 Central & South America carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 126 Central & South America carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 127 Brazil carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 128 Brazil carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 129 Brazil carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 130 Brazil carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 131 Brazil carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 132 Brazil carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 133 Brazil carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 134 Argentina carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 135 Argentina carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 136 Argentina carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 137 Argentina carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 138 Argentina carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 139 Argentina carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 140 Argentina carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 141 Middle East & Africa carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 142 Middle East & Africa carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 143 Middle East & Africa carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 144 Middle East & Africa carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 145 Middle East & Africa carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 146 Middle East & Africa carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 147 Middle East & Africa carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 148 Saudi Arabia carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 149 Saudi Arabia carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 150 Saudi Arabia carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 151 Saudi Arabia carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 152 Saudi Arabia carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 153 Saudi Arabia carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 154 Saudi Arabia carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 155 UAE carbon dioxide market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 156 UAE carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (USD Million)
Table 157 UAE carbon dioxide market estimates and forecasts, by source, 2018 - 2030 (Kilotons)
Table 158 UAE carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (USD Million)
Table 159 UAE carbon dioxide market estimates and forecasts, by form, 2018 - 2030 (Kilotons)
Table 160 UAE carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 161 UAE carbon dioxide market estimates and forecasts, by application, 2018 - 2030 (Kilotons)


List of Figures

Fig. 1 Carbon Dioxide Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Carbon Dioxide Market Snapshot
Fig. 7 Carbon Dioxide Market Segment Snapshot
Fig. 8 Carbon Dioxide Market Competitive Landscape Snapshot
Fig. 9 Carbon Dioxide Market Application Segment Growth Rate, 2018 - 2030
Fig. 10 Carbon Dioxide Market - Value Chain Analysis
Fig. 11 Post Combustion Process
Fig. 12 Pre-Combution Process
Fig. 13 Oxy-Fuel Combustion Process
Fig. 14 Chemical looping Combustion Process
Fig. 15 Carbon Dioxide Market: Market Dynamics
Fig. 16 Carbon Dioxide Industry Analysis - Porter’s Analysis
Fig. 17 Macroeconomic Analysis - PESTLE
Fig. 18 Carbon Dioxide Market Estimates & Forecasts, by Source: Key Takeaways
Fig. 19 Carbon Dioxide Market Share, By Source, 2022 & 2030
Fig. 20 Carbon Dioxide Market Estimates & Forecast by Hydrogen, 2018 - 2030 (Kilotons) (USD Million)
Fig. 21 Carbon Dioxide Market Estimates & Forecast by Ethyl Alcohol, 2018 - 2030 (Kilotons) (USD Million)
Fig. 22 Carbon Dioxide Market Estimates & Forecast by Ethylene Oxide, 2018 - 2030 (Kilotons) (USD Million)
Fig. 23 Carbon Dioxide Market Estimates & Forecast by Substitute Natural Gas, 2018 - 2030 (Kilotons) (USD Million)
Fig. 24 Carbon Dioxide Market Estimates & Forecast by Other Sources, 2018 - 2030 (Kilotons) (USD Million)
Fig. 25 Carbon Dioxide Market Share, By Form, 2022 & 2030
Fig. 26 Carbon Dioxide Market Estimates & Forecast by Solid, 2018 - 2030 (Kilotons) (USD Million)
Fig. 27 Carbon Dioxide Market Estimates & Forecast by Liquid, 2018 - 2030 (Kilotons) (USD Million)
Fig. 28 Carbon Dioxide Market Estimates & Forecast by Gas, 2018 - 2030 (Kilotons) (USD Million)
Fig. 29 Carbon Dioxide Market Estimates & Forecasts, by Application: Key Takeaways
Fig. 30 Carbon Dioxide Market Share, By Application, 2022 & 2030
Fig. 31 Carbon Dioxide Market Estimates & Forecasts, In Food & Beverages, 2018 - 2030 (Kilotons) (USD Million)
Fig. 32 Carbon Dioxide Market Estimates & Forecasts, In Oil & Gas, 2018 - 2030 (Kilotons) (USD Million )
Fig. 33 Carbon Dioxide Market Estimates & Forecasts, In Medical, 2018 - 2030 (Kilotons) (USD Million)
Fig. 34 Carbon Dioxide Market Estimates & Forecasts, In Rubber, 2018 - 2030 (Kilotons) (USD Million)
Fig. 35 Carbon Dioxide Market Estimates & Forecasts, In Firefighting, 2018 - 2030 (Kilotons) (USD Million)
Fig. 36 Carbon Dioxide Market Estimates & Forecasts, In Other Application, 2018 - 2030 (Kilotons) (USD Million)
Fig. 37 Global Carbon Dioxide Market Revenue, (USD Million)
Fig. 38 North America Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 39 U.S. Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 40 Canada Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 41 Mexico Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 42 Europe Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 43 UK Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 44 Germany Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 45 France Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 46 Italy Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 47 Spain Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 48 Asia Pacific Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 49 China Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 50 India Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 51 Japan Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 52 South Korea Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 53 Central & South America Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 54 Brazil Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 55 Argentina Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 56 Middle East & Africa Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 57 Saudi Arabia Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 58 UAE Carbon Dioxide Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
Fig. 59 Strategy Framework

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Market Segmentation

  • Source Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
    • Hydrogen
    • Ethyl Alcohol
    • Ethylene Oxide
    • Substitute Natural Gas
    • Others
  • Form Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
    • Solid
    • Liquid
    • Gas
  • Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
    • Food & Beverages
    • Oil & Gas
    • Medical
    • Rubber
    • Firefighting
    • Others
  • Carbon Dioxide Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Carbon Dioxide Market, By Sources
        • Hydrogen
        • Ethyl Alcohol
        • Ethylene Oxide
        • Substitute Natural Gas
        • Others
      • North America Carbon Dioxide Market, By Form
        • Solid
        • Liquid
        • Gas
      • North America Carbon Dioxide Market, By Application
        • Food & Beverages
        • Oil & Gas
        • Medical
        • Rubber
        • Firefighting
        • Others
      • U.S.
        • U.S. Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • U.S. Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • U.S. Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Canada
        • Canada Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Canada Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Canada. Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Mexico
        • Mexico Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Mexico Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Mexico Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
    • Europe
      • Europe Carbon Dioxide Market, By Sources
        • Hydrogen
        • Ethyl Alcohol
        • Ethylene Oxide
        • Substitute Natural Gas
        • Others
      • Europe Carbon Dioxide Market, By Form
        • Solid
        • Liquid
        • Gas
      • Europe Carbon Dioxide Market, By Application
        • Food & Beverages
        • Oil & Gas
        • Medical
        • Rubber
        • Firefighting
        • Others
      • U.K.
        • U.K. Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • U.K. Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • U.K. Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Germany
        • Germany Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Germany Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Germany Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • France
        • France Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • France Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • France Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Italy
        • Italy Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Italy Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Italy Carbon Dioxide Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Spain
        • Spain Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Spain Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Spain Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
    • Asia Pacific
      • Asia Pacific Carbon Dioxide Market, By Sources
        • Hydrogen
        • Ethyl Alcohol
        • Ethylene Oxide
        • Substitute Natural Gas
        • Others
      • Asia Pacific Carbon Dioxide Market, By Form
        • Solid
        • Liquid
        • Gas
      • Asia Pacific Carbon Dioxide Market, By Application
        • Food & Beverages
        • Oil & Gas
        • Medical
        • Rubber
        • Firefighting
        • Others
      • China
        • China Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • China Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • China Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • India
        • India Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • India Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • India Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Japan
        • Japan Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Japan Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Japan Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • South Korea
        • South Korea Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • South Korea Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • South Korea Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
    • Central & South America
      • Central & South America Carbon Dioxide Market, By Sources
        • Hydrogen
        • Ethyl Alcohol
        • Ethylene Oxide
        • Substitute Natural Gas
        • Others
      • Central & South America Carbon Dioxide Market, By Form
        • Solid
        • Liquid
        • Gas
      • Central & South America Carbon Dioxide Market, By Application
        • Food & Beverages
        • Oil & Gas
        • Medical
        • Rubber
        • Firefighting
        • Others
      • Brazil
        • Brazil Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Brazil Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Brazil Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • Argentina
        • Argentina Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Argentina Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Argentina Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
    • Middle East & Africa
      • Middle East & Africa America Carbon Dioxide Market, By Sources
        • Hydrogen
        • Ethyl Alcohol
        • Ethylene Oxide
        • Substitute Natural Gas
        • Others
      • Middle East & Africa Carbon Dioxide Market, By Form
        • Solid
        • Liquid
        • Gas
      • Middle East & Africa Carbon Dioxide Market, By Application
        • Food & Beverages
        • Oil & Gas
        • Medical
        • Rubber
        • Firefighting
        • Others
      • Saudi Arabia
        • Saudi Arabia Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • Saudi Arabia Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • Saudi Arabia Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others
      • UAE
        • UAE Carbon Dioxide Market, By Sources
          • Hydrogen
          • Ethyl Alcohol
          • Ethylene Oxide
          • Substitute Natural Gas
          • Others
        • UAE Carbon Dioxide Market, By Form
          • Solid
          • Liquid
          • Gas
        • UAE Market, By Application
          • Food & Beverages
          • Oil & Gas
          • Medical
          • Rubber
          • Firefighting
          • Others

Carbon Dioxide Market Market Dynamics

Market Driver Analysis: Increasing Use Of Carbon Dioxide In Enhanced Oil Recovery (EOR)

The growing application of carbon dioxide in gas-based enhanced oil recovery is the main factor propelling the carbon dioxide market (EOR). Growing reliance on imported crude oil, primarily from Asia Pacific, and diminishing oil reserves have contributed to the development of EOR technology. The gap between supply and demand is growing as there is a rise in the market for natural gas and crude oil. However, in majority of the regions, the peak oil theory is also attainable. Over the coming years, it is anticipated that the presence of the aforementioned variables will drive the global EOR systems. Government programmes to improve infrastructure and advance EOR technologies are anticipated to promote market expansion even more. The governments of nations in the Asia-Pacific region, including Indonesia, China, India, and Malaysia, have suggested introducing tax systems with financial incentives and flexibility to entice multinational corporations to enter the market. Over the coming years, it is also anticipated that the EOR market will be driven by fluctuating crude oil prices and an increase in the number of mature wells.

Increasing Consumption Of Carbon Dioxide In The Medical Industry

Globally, the use of CO2 in medicinal applications is becoming more and more significant. In addition, the goal of governments everywhere is to make better healthcare facilities accessible, which has led to the existence of several hospitals and medical facilities in the majority of the world's nations. The main application for carbon dioxide gas is as an insufflation tool for several surgical techniques, such as arthroscopy, laparoscopy, and endoscopy. Its purpose is to stabilize and expand the body's cavities, improving visibility in the surgical site. In addition, it is utilized during surgeries to improve breathing and blood supply to the brain. CO2 is provided for medicinal reasons in specially-made steel cylinders with valves and a chromium plating. A facemask is used to apply the gas to the human body. CO2 is one of the most common and widely used medicinal gases which is also utilized in the medical field for post-anesthesia application, respiratory stimulation, and cryotherapy.

Market Restraint Analysis: Increasing Carbon Emissions & High Cost Of Carbon Capture & Storage (CCS) Technology

The atmospheric release of carbon dioxide is one of the main contributors to global warming. Even while many nations have made significant investments in efforts to reduce carbon pollution for example, by enacting carbon prices in some cases and adopting breakthroughs in CCS technology the majority of them are still far from meeting the desired climate targets. Numerous governments have since taken action to lower carbon emissions from the electricity industry and are working nonstop to lower greenhouse gas emissions from power plants. A cap-and-trade system that sets a price on carbon emissions is encouraging the installation of CCS in several industries, including chemical processing, electricity generation, oil and gas, iron and steel, and others. Waste CO2 can be captured using a process called carbon capture and storage (CCS) to keep it from contaminating the atmosphere. Nevertheless, there is a very important cost component to the technology. More than 90% of the carbon dioxide (CO2) emissions from a power station or industrial site can be captured by CCS technology and stored in geological formations.

What Does This Report Include?

This section will provide insights into the contents included in this carbon dioxide market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Carbon dioxide market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Carbon dioxide market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the carbon dioxide market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for carbon dioxide market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of carbon dioxide market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Carbon Dioxide Market Categorization:

The carbon dioxide market was categorized into three segments, namely source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, ), application (Food & Beverages, Oil & Gas, Medical, Rubber, Firefighting), and region (North America, Europe, Asia Pacific, Central & South America, Middle East and Africa).

Segment Market Methodology:

The carbon dioxide market was segmented into source, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The carbon dioxide market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, Middle East and Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; Saudi Arabia; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Carbon dioxide market companies & financials:

The carbon dioxide market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Acail Gás, Acail Gás specializes in producing high-pressure gases for a variety of end-use sectors, such as agriculture, livestock & fisheries, food, construction, pharmaceutical, electronics & telecommunications, and others. A variety of unique gases, such as argon, nitrogen, carbon dioxide, helium, hydrogen, oxygen, and unusual gas combinations, are supplied by the company. The company provides several services, such as gas supply from cylinders and on-site delivery, distribution and storage of liquids, and other services associated with liquid supply. It also works in the healthcare industry, offering a variety of medical gases with high purity levels and respiratory homecare equipment. Portugal and Spain are home to a sizable distributor network for the business.

  • Air Liquide, The business divisions of Air Liquide are engineering & construction, electronics, and healthcare. With 66,400 employees, the company operates in more than 75 countries worldwide. It performs a number of operations, including industrial cryogenics, oxy-combustion, and carbonation, among others. Air Liquide's subsidiary Airgas provides dry ice and carbon dioxide to the US market. The business is active in more than 75 nations worldwide. In order to create novel and enhanced goods in the areas of bioresources, medicine, manufacturing, industry, and food & drink, the company makes significant investments in R&D. The company's principal product line, Aligal gases, complies with Hazard Analysis Critical Control Point (HACCP) regulations to uphold standards in the production and delivery of gases intended for the food and beverage sector. Serving markets in the Americas, Europe, Asia Pacific, and the Middle East and Africa, the company is present all over the world. It is an international corporation that meets the needs of the oil and gas, chemical, engineering, automotive, food and beverage, metal fabrication, research and development, and healthcare sectors.

  • Air Products and Chemicals, Inc., The company's main business is the international sale of chemicals and gases for industrial applications. It meets the demands and specifications of numerous end-use applications, such as those in the fields of energy, technology, industry, food, and healthcare. The company produces atmospheric gases, equipment for producing and processing gases, and services related to these activities. It serves clients globally and conducts business in 50 countries. The company offers argon, oxygen, carbon dioxide, nitrogen, hydrogen, chemical intermediates, process & specialty gases, and performance materials in its product portfolio. The company also produces paints and adhesives, gas cabinets and equipment for gas liquefaction.

  • Greco Gas Inc., Greco Gas Inc. sells safety gear, filler metals, bulk propane, welding supplies, industrial and specialised gases, and more. It provides a range of industrial gases, including welding mixtures, CO2, nitrogen, oxygen, argon, and propane. The company supplies carbon dioxide that meets certain requirements for commercial food and beverage, bone dry, and Coleman instruments.

  • Linde AG, The corporation was created by the union of Praxair, Inc. and Linde AG. This company deals in industrial gases; its main products include process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene) and atmospheric gases (oxygen, nitrogen, argon, and rare gases). Dry ice and carbon dioxide are supplied to the United States by NuCO2, a subsidiary of Linde plc. The business is involved in the engineering, design, and development of machinery for the internal production of industrial gases. In addition, it provides a broad range of services related to gas production and processing, including air separation, synthesis and hydrogen gas, olefin, natural gas, and other plant types. The business serves a broad spectrum of end-user sectors, such as water treatment, chemicals, manufacturing, food and beverage, healthcare, and petroleum refining. Hydrogen is produced and distributed by across North America, Europe, South America, and Asia.

  • Messer Group, The company produces and distributes medical supplies like carbon dioxide, nitrogen, argon, oxygen, and others. Furthermore, it caters to several industries, such as electronics, paper & pulp, rubber & plastics, food & beverage, and others. The business has operations in 30 Asian and European nations. Technical gases, welding and cutting gases, specialised gases, breathing gases, food gases, pharmaceutical gases, dry ice, cylinder gases, and other gases are included in its product segment. In addition, the business deals in gas supply systems and equipment, such as expansion stations, shut-off and metering valves, cylinder pressure regulators, and laboratory apparatus.

  • Sicgil India Limited, The company produces and supplies dry ice and carbon dioxide in India. The products of the company have certifications from FSCC 22000, FSSAI, HACCAP, and ISO 9001. It provides solutions for both home and business use. It provides minimum of 30 kg and maximum up to 30 tonnes of dry ice. The company offers CO2 in cylinder, tank, and micro bulk forms based on the needs of the customer. Nine manufacturing facilities are owned by the company and are situated in India, including Vadodara, Mumbai, Bangalore, Chennai, Coimbatore, Indore, Pune, Pashamylaram, and Vishakhapatnam. In addition, Ahmedabad, Chennai, Delhi, Hyderabad, Mumbai, Vapi, and Vishakhapatnam are the locations of the company's depots.

  • SOL Group, The business produces and markets pure technical, medical, and industrial gases. It also creates, builds, and manages on-site distribution, storage, and production facilities for gas. Furthermore, SOL Group offers services pertaining to the use of the generated gases. Italy, Holland, Belgium, France, Germany, Austria, Greece, Slovenia, Croatia, Macedonia, Albania, Bosnia, Bulgaria, and Serbia are the locations of the company's production facilities.

  • Strandmøllen A/S, The company offers a large selection of gases, equipment for handling gases, gas cylinder packaging, and other technical gas services. Acetylene, argon, nitrous oxide, LPG, helium, hydrogen, carbon dioxide, nitrogen, oxygen, and other pure gases as well as gas mixes are among the available gases. The company provides services to several end-use industries, such as the process, food, pharmaceutical, health, iron and machine, and laboratory industries. It offers carbon dioxide under several purity levels, such as TECH LINE, FOOD LINE, PHARMA LINE, and LAB LINE. The company has offices in Denmark, Sweden, and Germany, and employs over 200 people.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Carbon Dioxide Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Carbon Dioxide Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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