Carbon Dioxide Market By Form (Solid, Liquid, Gas), By Application (Food and Beverages, Medical, Fire Fighting, Agriculture, Metal Fabrication, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global carbon dioxide market was valued at $79 billion in 2020, and is projected to reach $148.2 billion by 2032, growing at a CAGR of 5.8% from 2023 to 2032.

Introduction

Carbon dioxide (CO2) is a greenhouse gas that contributes to global climate change. CO2 is captured from industrial processes and power plants and stored underground to prevent it from entering the atmosphere. Carbon dioxide is used to carbonate soft drinks, beer, and other beverages, as well as in food processing and packaging. Carbon capture and storage (CCS) involves capturing CO2 from industrial processes, such as power plants, and storing it underground in geological formations or in depleted oil and gas reservoirs. This helps to reduce CO2 emissions and slow the progression of climate change.

Carbon dioxide is used in a variety of industrial processes, such as refrigeration and cooling, as a solvent in the production of chemicals such as urea and methanol, and as a cleaning agent in the electronics industry. CO2 is also used in medical procedures such as laparoscopy, where it is used to inflate the abdomen to create space for the surgeon to operate. It is also used in respiratory therapy to help patients breathe more easily. Carbon dioxide removal (CDR) refers to the process of removing CO2 from the atmosphere and storing it long-term. This can be done through a variety of methods, including afforestation, ocean fertilization, and direct air capture. CDR technologies are still in the early stages of development, but they hold promise for mitigating the impacts of climate change.

Market Dynamics

The growth of the global carbon dioxide market is majorly attributable to its wide applications in various industries such as agriculture, metal fabrication, food and beverages, oil and gas, medical, firefighting, and others. Moreover, growth in demand for carbon dioxide from the food & beverage industry is expected to drive the market growth during the forecast period. However, adverse impacts of carbon dioxide on humans and the environment is projected to hinder the expansion of the market. On the contrary, surge in carbon recycling for renewable materials and energy supply are expected to offer ample growth opportunities for the superplasticizers market.

Segments Overview

The carbon dioxide market is segmented into form, application, and region. On the basis of form, the market is categorized into solid, liquid, and gas. On the basis of application, the market is divided into agriculture, metal fabrication, food and beverages, oil and gas, medical, firefighting, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of form, the gas segment dominated the global carbon dioxide market in 2022. Carbon dioxide gas is commonly used as a shield gas in metal inert gas (MIG) and metal active gas (MAG) welding, where it protects the weld puddle from oxidation by the nearby air.

In enhanced oil recovery (EOR), CO2 is injected into oil reservoirs to help extract additional crude oil that would otherwise be difficult to recover using conventional methods. The injected CO2 helps to reduce the viscosity of the oil, making it easier to flow through the reservoir and into production wells. Carbon dioxide also plays a crucial role in the medical field, where it is commonly used in respiratory therapy. Medical-grade CO2 is administered to patients through respiratory devices such as ventilators to help regulate breathing and maintain proper pH levels in the blood.

On the basis of application, the food and beverages segment dominated the global carbon dioxide market in 2022. Carbon dioxide is widely used to carbonate beverages, including soft drinks, beer, sparkling water, and champagne. It adds fizziness and enhances the taste and mouthfeel of these beverages. CO2 is also used as a cooling agent in cryogenic freezing applications, such as freezing meat, seafood, and other perishable food.

On the basis of region, the Asia-Pacific segment dominated the global carbon dioxide market in 2022. Carbon dioxide utilization is seen as a promising way to reduce greenhouse gas emissions while also generating new economic opportunities in the Asia-Pacific region. Carbon dioxide can be used as a feedstock for the production of chemicals such as methanol and urea by businesses such as Carbon Clean Solutions, which has operations in India and China.

The major players operating in the carbon dioxide market include ACAIL GAS, Buzwair Industrial Gases Factories, Dubai Industrial Gases, Gulf Cryo, India Glycols Limited, Linde PLC, Messer Group, SOL Group, Axcel Gases, PAVAN INDUSTRIAL GASES PVT. LTD., Coregas, and Air Liquide.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carbon dioxide market analysis from 2020 to 2032 to identify the prevailing carbon dioxide market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the carbon dioxide market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global carbon dioxide market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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Investment Opportunities
Upcoming/New Entrant by Regions
Technology Trend Analysis
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Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Volume Market Size and Forecast

Key Market Segments

By Form

Solid
Liquid
Gas

By Application

Food and Beverages
Medical
Fire Fighting
Agriculture
Metal Fabrication
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players:

Messer Group
SOL Spa
Taiyo Nippon Sanso Corporation
India Glycols Limited
Ellenbarrie Industrial Gases Private Limited
Linde PLC
Gulf Cryo
Dubai Industrial Gases
Buzwair Industrial Gases Factories
ACAIL GAS

Product Code: A39509

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Growth in demand for carbon dioxide from food and beverage industry
  - 3.4.1.2. Rise in use of carbon dioxide in healthcare industry
- 3.4.2. Restraints
  - 3.4.2.1. Adverse impacts of carbon dioxide on humans and environment
- 3.4.3. Opportunities
  - 3.4.3.1. Surge in carbon recycling for renewable materials and energy supply
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Key Regulation Analysis
3.8. Patent Landscape

CHAPTER 4: CARBON DIOXIDE MARKET, BY FORM

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Solid
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Liquid
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Gas
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: CARBON DIOXIDE MARKET, BY APPLICATION

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Food and Beverages
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Medical
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Fire Fighting
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Agriculture
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Metal Fabrication
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
5.7. Others
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country

CHAPTER 6: CARBON DIOXIDE MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Form
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Form
  - 6.2.4.1.2. Market size and forecast, by Application
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Form
  - 6.2.4.2.2. Market size and forecast, by Application
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Form
  - 6.2.4.3.2. Market size and forecast, by Application
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Form
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Form
  - 6.3.4.1.2. Market size and forecast, by Application
  - 6.3.4.2. France
  - 6.3.4.2.1. Market size and forecast, by Form
  - 6.3.4.2.2. Market size and forecast, by Application
  - 6.3.4.3. UK
  - 6.3.4.3.1. Market size and forecast, by Form
  - 6.3.4.3.2. Market size and forecast, by Application
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Market size and forecast, by Form
  - 6.3.4.4.2. Market size and forecast, by Application
  - 6.3.4.5. Italy
  - 6.3.4.5.1. Market size and forecast, by Form
  - 6.3.4.5.2. Market size and forecast, by Application
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Form
  - 6.3.4.6.2. Market size and forecast, by Application
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Form
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Form
  - 6.4.4.1.2. Market size and forecast, by Application
  - 6.4.4.2. India
  - 6.4.4.2.1. Market size and forecast, by Form
  - 6.4.4.2.2. Market size and forecast, by Application
  - 6.4.4.3. Japan
  - 6.4.4.3.1. Market size and forecast, by Form
  - 6.4.4.3.2. Market size and forecast, by Application
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Form
  - 6.4.4.4.2. Market size and forecast, by Application
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Market size and forecast, by Form
  - 6.4.4.5.2. Market size and forecast, by Application
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Form
  - 6.4.4.6.2. Market size and forecast, by Application
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Form
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Form
  - 6.5.4.1.2. Market size and forecast, by Application
  - 6.5.4.2. South Africa
  - 6.5.4.2.1. Market size and forecast, by Form
  - 6.5.4.2.2. Market size and forecast, by Application
  - 6.5.4.3. Saudi Arabia
  - 6.5.4.3.1. Market size and forecast, by Form
  - 6.5.4.3.2. Market size and forecast, by Application
  - 6.5.4.4. Rest of LAMEA
  - 6.5.4.4.1. Market size and forecast, by Form
  - 6.5.4.4.2. Market size and forecast, by Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2020

CHAPTER 8: COMPANY PROFILES

8.1. ACAIL GAS
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
8.2. Linde PLC
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
8.3. Messer Group
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
8.4. SOL Spa
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
8.5. Taiyo Nippon Sanso Corporation
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
8.6. Gulf Cryo
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
8.7. India Glycols Limited
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
8.8. Dubai Industrial Gases
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
8.9. Ellenbarrie Industrial Gases Private Limited
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
8.10. Buzwair Industrial Gases Factories
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio