The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An increased demand for the oil and gas industry globally are expected to drive innovation in carbon dioxide manufacturing, thus driving the market during the forecast period.

The global carbon dioxide market is expected to grow from $13.21 billion in 2022 to $15.12 billion in 2023 at a compound annual growth rate (CAGR) of 14.4%. The global carbon dioxide market size is expected to grow from $25.32 billion in 2027 at a CAGR of 13.8%.

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Global Carbon Dioxide Market Segments Include:

• By Product Type: Liquid Carbon Dioxide, Solid Carbon Dioxide, Gaseous Carbon Dioxide
• By Source: Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Other Sources
• By Application: Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global carbon dioxide market in 2021.

Major Market Players in the carbon dioxide market include AGA, Air Liquide, Air Products and Chemicals, Inc., AIR WATER Inc., Airgas, Buzwair Industrial Gases Factories, Continental Carbonic Products.

Carbon dioxide manufacturers are using advanced carbon capture and storage (CCS) technologies to effectively capture, purify, liquefy, and store carbon dioxide. CCS works by trapping carbon dioxide at its emission source and transporting it to a storage site. It is a technology that captures around 90% of the carbon dioxide emissions generated from the use of fossil fuels in electricity production and industrial processes. CCS technologies offer an effective method for capturing carbon dioxide, restraining the carbon dioxide from entering the environment.

The Carbon Dioxide Global Market Report 2023  provides a carbon dioxide market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The carbon dioxide market forecast analyzes carbon dioxide market size, carbon dioxide market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Carbon dioxide is a colorless chemical element that is a product of both fermentation and combustion. It is widely used in the food industry for applications such as removing the caffeine from coffee beans to make decaffeinated coffee and for carbonating beer, and soft drinks. It is also used for cooling in the food and manufacturing industries.

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