PUBLISHER: Value Market Research | PRODUCT CODE: 1547330
PUBLISHER: Value Market Research | PRODUCT CODE: 1547330
The global demand for Carbon Dioxide Market is presumed to reach the market size of nearly USD 24.63 Billion by 2032 from USD 15.13 Billion in 2023 with a CAGR of 5.56% under the study period 2024-2032.
Carbon dioxide (CO2) is a significant heat-trapping (greenhouse) gas, which is released through human activities such as burning fossil fuels and deforestation and natural processes such as volcanic eruptions and respiration. Carbon dioxide is a colorless gas that has a faint sharp odor and a sour taste. It is one of the main greenhouse gases linked to global warming, but it is a minor component of Earth's atmosphere (about three volumes in 10,000), formed in the combustion of carbon-containing materials, in fermentation, and in respiration of animals and employed by plants in the photosynthesis of carbohydrates.
The rising utilization of carbon dioxide (CO2)in the oil & gas sector for enhanced Oil Recovery (EOR) technology is the major factor driving the carbon dioxide market. The growing usage of CO2 gas has been used for medical applications in the form of an insufflation component for several surgical procedures, including laparoscopy, endoscopy, and arthroscopy lead to high market demand from several industries. The shift in focus of governments towards improvement in healthcare facilities owing to the ongoing global COVID-19 pandemic is positively impacting the market growth. Moreover, the increasing adoption of the carbon dioxide oil and gas industry and food sector is likely to create growth opportunities for key players in the carbon dioxide market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Carbon Dioxide. The growth and trends of Carbon Dioxide industry provide a holistic approach to this study.
This section of the Carbon Dioxide market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Carbon Dioxide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Carbon Dioxide market include Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, Outokumpu, POSCO, ThyssenKrupp Stainless GmbH, Yieh United Steel Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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