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Carbon Dioxide Market Size, Share Global Analysis Report, 2020–2026
Carbon Dioxide Market By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, and Others), and By Application (Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[174+ Pages Report] According to the report published by Facts Factors, the global carbon dioxide market size was worth around USD 7.84 billion in 2019 and is predicted to grow to around USD 10.17 billion by 2026 with a compound annual growth rate (CAGR) of roughly 3.8% between 2020 and 2026. The report analyzes the global carbon dioxide market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the carbon dioxide market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the carbon dioxide industry. The report analyzes and declares the historical and current trends analysis of the carbon dioxide industry and subsequently recommends the projected trends anticipated to be observed in the carbon dioxide market during the upcoming years.
The carbon dioxide market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire carbon dioxide market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the carbon dioxide market is set to grow annually at a rate of around 3.8%
- It was established through primary research that the carbon dioxide market was valued at around USD 7.84 billion in 2019
- North America held the largest market share of carbon dioxide in terms of revenue in 2019
- The “Hydrogen” category, on the basis of source segmentation, was the leading revenue-generating category in 2019
- The “Food & Beverages” category, on the basis of application segmentation, was the leading revenue-generating category in 2019
Key Recommendations from Analysts
- As per our analysts, utilization of carbon dioxide as a ‘cryogenic food grade gas’ in food processing applications is expected to drive the market
- Carbon dioxide usage is highly likely to offer potential benefits for Enhanced Oil Recovery (EOH) in the oil and gas industry, underpinning the growth of CO2 market
- Carbon dioxide is used during manufacturing of Precipitated Calcium Carbonate (PCC), in a bid to establish a uniformity in the particle size distribution
- Substitute Natural Gas (SNG) is anticipated to be the fastest growing source over the forecast period
- The medical segment is also among the fastest-growing application segments
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the carbon dioxide industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the carbon dioxide industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the carbon dioxide market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the carbon dioxide industry. The carbon dioxide market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the carbon dioxide sector. Key strategic developments in the carbon dioxide market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the carbon dioxide market are appropriately highlighted in the report.
Carbon dioxide is used in numerous applications, such as inert gas in fire-fighting, EOR, carbonation of beverages, and freezing and cooling food products. Increased investments in R&D for advanced technologies in EOR and Carbon Capture and Storage (CCS), have led to an increase in the demand for CO2, which in turn is anticipated to fuel the market growth in the forthcoming years.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 7.84 Billion |
Projected Market Size in 2026 |
USD 10.17 Billion |
CAGR Growth Rate |
3.8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
The Linde Group, INOX Air Products Ltd., Continental Carbonic Products, Inc., Praxair, Inc., Matheson Tri-Gas, Inc., Sicgil India Limited, Air Products and Chemicals, Inc., Universal Industrial Gases, Inc., Airgas, Inc., Air Liquide International S.A., Gulf Cryo, Bristol Gases – Concorde Corodex Group, Dubai Industrial Gases, National Industrial Gas Plants-Mohammed Hamad Al Mana Group, and Others |
Key Segment |
By Source, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The carbon dioxide market research report delivers an acute valuation and taxonomy of the carbon dioxide industry by practically splitting the market on the basis of different sources, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the carbon dioxide industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the carbon dioxide industry is provided for the leading economies of the world.
The carbon dioxide market is segmented based on source and application. On the basis of source segmentation, the market is classified into hydrogen, ethyl alcohol, ethylene oxide, substitute natural gas, and others. In terms of application segmentation, the market is bifurcated into food & beverages, oil & gas, medical, rubber, fire fighting, and others.
Some of the essential players operating in the carbon dioxide market, but not restricted to include
- The Linde Group
- INOX Air Products Ltd.
- Continental Carbonic Products Inc.
- Praxair Inc.
- Matheson Tri-Gas Inc.
- Sicgil India Limited
- Air Products and Chemicals Inc.
- Universal Industrial Gases Inc.
- Airgas Inc.
- Air Liquide International S.A.
- Gulf Cryo
- Bristol Gases – Concorde Corodex Group
- Dubai Industrial Gases
- National Industrial Gas Plants-Mohammed Hamad Al Mana Group
The taxonomy of the carbon dioxide industry by its scope and segmentation is as follows:
By Source Segmentation Analysis (Customizable)
- Hydrogen
- Ethyl Alcohol
- Ethylene Oxide
- Substitute Natural Gas
- Others
By Application Segmentation Analysis (Customizable)
- Food & Beverages
- Oil & Gas
- Medical
- Rubber
- Fire Fighting
- Others
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- The Linde Group
- INOX Air Products Ltd.
- Continental Carbonic Products Inc.
- Praxair Inc.
- Matheson Tri-Gas Inc.
- Sicgil India Limited
- Air Products and Chemicals Inc.
- Universal Industrial Gases Inc.
- Airgas Inc.
- Air Liquide International S.A.
- Gulf Cryo
- Bristol Gases – Concorde Corodex Group
- Dubai Industrial Gases
- National Industrial Gas Plants-Mohammed Hamad Al Mana Group
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