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The carbon dioxide market size has experienced substantial growth, climbing from $15.13 billion in 2023 to $17.32 billion in 2024, marking a noteworthy compound annual growth rate (CAGR) of 14.5%. This growth in the historic period is linked to the expansion of emerging markets and heightened demand from the medical industry. Projections for 2028 indicate a continued rapid growth, reaching $29.05 billion with a CAGR of 13.8%. Anticipated growth in the forecast period can be attributed to the increasing demand for frozen food and the expanding needs of the oil and gas industry. Key trends in this period involve the development of carbon dioxide separation technology, a focus on carbon capture and utilization, catering to greenhouse needs, and considerations of mergers or acquisitions to augment market share.

The carbon dioxide market is anticipated to experience growth driven by the rising demand for firefighting. As firefighting activities become more crucial in managing emergency situations involving fires and protecting life, property, and the environment, carbon dioxide plays a pivotal role as a firefighting agent. Widely used in specialized fire suppression systems, carbon dioxide displaces oxygen and diminishes one of the combustion elements, reducing the risk of fire accidents and minimizing damage. Notably, in June 2023, the National Fire Protection Association reported an increase in firefighter and volunteer deaths in 2022, emphasizing the vital role of firefighting in the growing demand for carbon dioxide and its applications in fire safety.

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What Are The Key Trends That Influence Carbon Dioxide Market Share Analysis?

Major companies in the carbon dioxide market are focusing on developing new products to gain a competitive advantage. Innovations include the use of recycled carbon dioxide (CO2) in cosmetic products. For instance, in July 2022, Beiersdorf AG, a Germany-based personal-care products company, launched the NIVEA MEN Climate Care Moisturizer made with recycled CO2 and a carbon capture utilization process. This moisturizer is the first skin care product utilizing advanced CO2 recycling technology.

Which Market Players Are Driving Growth In The Carbon Dioxide Market?

Major companies operating in the carbon dioxide market report are Linde PLC, Air Products and Chemical, Inc., Air Liquide, The Messer Group GmbH, Nippon Sanso Holdings Corporation, Air Water Inc, Gulf Cryo, SOL Spa, Reliant Gases, India Glycols Limited, Praxair Inc., NGK Spark Plug Co., Ltd., Taiyo Nippon Sanso, Oxair, Yingde Gas Group Co., Ltd., Core Industrial Gases, Supagas, AMCS Corporation, Gagan Gases Ltd, Refex Industries, BOC UK, Altex, Climeworks AG, Carbon Clean, GRASYS, Continental Carbonic Products, Inc., Matheson Tri-Gas, Messer Gases del Peru S.A., WIKA Alexander Wiegand SE & Co. KG, Buzwair, Sasol, Gas Africa Limited, Carbacid Investments Limited, Afrox

How Is The Global Carbon Dioxide Market Segmented?

The carbon dioxide market covered in this report is segmented –

1) By Product Type: Liquid Carbon Dioxide, Solid Carbon Dioxide, Gaseous Carbon Dioxide
2) By Grade Type: Medical Grade, Food Grade, Industrial Grade, Other Grade
3) By Application: Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, Chemicals, Metal Products, Other Applications

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The Carbon Dioxide Global Market Report 2024 provides an overview of the carbon dioxidemarket 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 and their market positions.

The Table Of Content For The Carbon Dioxide Market Include

1. Carbon Dioxide Market Executive Summary
2. Carbon Dioxide Market Segments
3. Carbon Dioxide Market Size And Template Market Growth Rate
4.  Key Carbon Dioxide Market Trends
5. Major Carbon Dioxide Market Drivers
……
25. Key Mergers And Acquisitions In The Carbon Dioxide Market
26. Top Carbon Dioxide Companies
27. Carbon Dioxide Market Opportunities And Strategies
28. Carbon Dioxide Market, Conclusions And Recommendations
29. Appendix

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