Global Carbon Dioxide Market Size By Manufacturing Type (Fermentation, Carbon Capture), By Type (Gaseous CO2, Liquid CO2), By Application (Food & Beverage,Water Treatment), By Geographic Scope And Forecast

Carbon Dioxide Market Size And Forecast

Carbon Dioxide Market Size was valued at USD 80,106.22 Million in 2023 and is projected to reach USD 120,634.40 Million by 2030, growing at a CAGR of 5.26% from 2024 to 2030.

Increasing adoption of co2 in healthcare and construction are the factors driving the market growth. The Global Carbon Dioxide Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Carbon Dioxide Market Definition

Carbon dioxide, often abbreviated as CO2, is a ubiquitous compound in our atmosphere and an essential component of life on Earth. Carbon dioxide is highly versatile, with several applications in gaseous, liquid and solid states. The CO2 market represents a dynamic landscape that is intertwined with diverse sectors, from energy and industry to agriculture and healthcare. In this era of heightened environmental awareness, the CO2 market is at the forefront of discussions on climate change mitigation, sustainability and industrial innovation.

The compound is best known for its role in climate change and global warming, but also plays a pivotal part in various industrial processes that underpin modern society. CO2 plays a large role in industrial processes such as manufacturing, chemicals and construction, it is also used widely in the food and beverage industry for applications such as refrigeration, packaged food and carbonating beverages. There is an increasing opportunity for the Carbon Dioxide Market in the growing use of CO2 in the healthcare industry. Applications such as medical imaging, laparoscopic surgery and respiration therapy use CO2 and the growing demand for healthcare services and technological advancements in the field are driving the growth of the market.

Human caused CO2 emissions are leading to rising global temperatures, melting ice caps and rising sea levels among other negative impacts to the environment. A number of endeavours are currently being taken on to mitigate the challenges of CO2, one is reducing greenhouse gas emissions from industrial processes through more efficient technology and switching to renewable energy resources.

Global Carbon Dioxide Market Overview

The Global Carbon Dioxide Market stands at the intersection of environmental concerns, industrial applications and economic dynamics, making it a subject of growing significance in today’s world. As a result of this, CO2 presents a dual challenge, and addressing the concerns surrounding it requires a delicate balance between its industrial importance and its role as a greenhouse gas. Sustainable practices, emissions reduction and innovative solutions are essential in navigating the complex landscape of CO2 today.

The Global Carbon Dioxide Market is poised for both challenges and opportunities. The transition to a low-carbon future requires innovative solutions, responsible resource management, and cross-industry collaboration. It represents not only a response to climate change challenges but also an opportunity to reshape industries and economies. The journey ahead is marked by the need for continued innovation, investment, and collaboration.

Companies involved in the Carbon Dioxide industry boost their industry presence through partnerships and collaborations. Over the anticipated timeframe, new entrants will grow steadily, powered by substantial profit margins. BIGPL Group, Linde, COMTECSWISS AG, Global Thermostat, Air Liquide, Reliant, ASCO CARBON DIOXIDE LTD, LanzaTech, MESSER, Carbon Engineering Ltd, SOL Group, Greco Gas Inc., Matheson Tri-Gas, Inc., Zephyr Solutions, LLC, Universal Industrial Gases, Inc and Taiyo Nippon Sanso Corporation are some prominent players in the market.

Global Carbon Dioxide MarketSegmentation Analysis

The Global Carbon Dioxide Market is segmented on the basis of Manufacturing Type, Type, Application, and Geography.

Carbon Dioxide Market, By Manufacturing Type

• Fermentation
• Direct Combustion of Fossil Fuels
• Carbon Capture
• Biogas Production
• Others

Based on Manufacturing Type, The Global Carbon Dioxide Market bifurcated into Fermentation, Direct Combustion of Fossil Fuels, Carbon Capture, Biogas Production, and Others. Direct combustion of fossil fuels accounted for the largest market share of 59.86% in 2022, with a market value of USD 31,592.40 Million, and is projected to grow at the highest CAGR of 6.45% during the forecast period. Fermentation was the second-largest market in 2022, valued at USD 14,823.44 Million in 2022; it is projected to grow at a CAGR of 5.78%.

Carbon Dioxide Market, By Type

• Gaseous CO2
• Solid CO2 (Dry Ice)
• Liquid CO2
• Supercritical CO2

To Get a Summarized Market Report By Type-

Based on Type, The Global Carbon Dioxide Market bifurcated into Gaseous CO2, Solid CO2 (Dry Ice), Liquid CO2, and Supercritical CO2. Gaseous CO2 accounted for the largest market share of 57.08% in 2022, with a market value of USD 45,726.01 Million, and is projected to grow at the highest CAGR of 5.60% during the forecast period. Solid CO2 was the second-largest market in 2022, valued at USD 23,237.69 Million in 2022; it is projected to grow at a CAGR of 5.00%.

Carbon Dioxide Market, By Application

• Food & Beverage
• Industrial Processing
• Medical & Healthcare
• Water Treatment
• Others

Based on Application, The Global Carbon Dioxide Market bifurcated into Food & Beverage, Industrial Processing, Medical & Healthcare, Water Treatment, and Others. Food & Beverage accounted for the largest market share of 44.56% in 2022, with a market value of USD 35,694.07 Million, and is projected to grow at the highest CAGR of 6.13% during the forecast period. Industrial processing was the second-largest market in 2022, valued at USD 11,964.77 Million in 2022; it is projected to grow at a CAGR of 5.09%.

Carbon Dioxide Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East And Africa

To Get a Summarized Market Report By Geography-

Based on Geography, the Global Carbon Dioxide Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.. Asia Pacific accounted for the largest market share of 63.48% in 2022, with a market value of USD 29,463.07 Million and is projected to grow at the highest CAGR of 5.97% during the forecast period. North America was the second-largest market in 2022, valued at USD 25,017.17 Million in 2022; it is projected to grow at a CAGR of 5.25%.

Key Players

The “Global Carbon Dioxide Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Bathinda Industrial Gases Private Limited (BIG GROUP), Linde Plc, COMTECSWISS AG, Global Thermostat, Air Liquide, Reliant Gases, ASCO CARBON DIOXIDE LTD, LanzaTech, MESSER SE & CO. KGAA, Carbon Engineering Ltd, SOL Group, Greco Gas Inc., Matheson Tri-Gas, Inc., Zephyr Solutions, LLC, Universal Industrial Gases, Inc, and Taiyo Nippon Sanso Corporation. The competitive landscape section also includes key development strategies, industry footprint, and market ranking analysis of the above-mentioned players globally.

Key developments

• ASCO Carbon Dioxide Ltd, ú Digitalization of ASCO pelletizers to provide production and machine data on a new customer platform. Remote support and remote monitoring are now standard features.
• LanzaTech, ú Technip Energies (PARISTE) and LanzaTech Global, Inc., collaborated LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals.

Report Scope

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