Carbon Dioxide Market size was valued at US$ 8.22 Bn. in 2021 and the total revenue is expected to grow at CAGR 4.87% through 2022 to 2029, reaching nearly US$ 12.03 Bn.Carbon Dioxide Market Overview:
Carbon dioxide is a colorless gas, having a faint sharp acidic odor with a density of 53% higher than dry air. Carbon Dioxide has a chemical formula of CO2. It is a minor component of the earth's atmosphere about 3 volumes in 10000. Carbon Dioxide is used as a refrigerant in a cryogenic refrigerator. It is used in fire extinguishers for inflating life rafts and life jackets, blasting coal, foaming rubber and plastics, Acidifier in water treatment, promoting the growth of plants in greenhouses, and carbonated beverages. In 2021, Carbon Dioxide was the world's 2772nd most traded product, and trade in Carbon Dioxide represents 0.0027% of total world trade.To know about the Research Methodology :- Request Free Sample Report
Carbon Dioxide Market Dynamics:
Carbon Dioxide has been used in various applications ranging from medical to food processing, beverage carbonation, and other Industrial uses drive the carbon dioxide market growth worldwide. Growing Investment in Research and Development (R&D) for advanced technologies in Enhanced Oil Recovery (EOR) and Carbon Capture and Storage (CCS) resulting in an increased demand for carbon dioxide across the globe. The high abundance and wide benefits of carbon dioxide above other industrial gases are expected to increase the adoption of carbon dioxide in various end-use applications across the globe. Carbon dioxide is widely used in the medical industry in several applications, such as invasive surgery to stabilize body cavities, tissue freezing, respiratory stimulation, and cryotherapy. The extensive use of carbon dioxide in the medical industry is expected to drive the carbon dioxide market growth during the forecast period. Transportation of CO2 involves high maintenance cost and the risk of CO2 leakage in the atmosphere are hindering the growth of the carbon dioxide market. In addition, protocols such as the Kyoto Protocol which commits the involved countries to limit the emission of greenhouse gases expected to deter the growth of the carbon dioxide market in the future.Global Carbon Dioxide Market Segment Analysis:
Based on the Source, the Carbon Dioxide Market is segmented into Hydrogen, Ethyl Alcohol, Ethylene Alcohol, Substitute Natural Gas, and others. The Ethyl Alcohol segment captured the largest market share accounted for 32.17 % in 2021. In the production of ethyl alcohol, carbon dioxide is obtained as a by-product through alcoholic fermentation. Carbon dioxide obtained from ethyl alcohol has a high purity level and is primarily preferred for food grade, which fuels the product demand for this product. The Hydrogen segment is expected to witness rapid growth at a CAGR of 4.7% during the forecast period. The initiatives taken by developed countries like U.S. and U.K. to move towards a hydrogen economy are expected to boost the production of hydrogen along with growth in the production of carbon dioxide for this segment. The growing demand for Ethylene Alcohol from end-use segments, such as chemical, medical, and pharmaceuticals, is expected to drive the segment growth during the forecast period.Based on Application, the Carbon Dioxide Market is segmented into Food and Beverages, Oil and Gas, Medical, Rubber, Fire Fighting, and others. The Food and Beverages segment accounted for the largest share 41.37 % in 2021. In the Food & Beverages industry, carbon dioxide is mostly used for the carbonation of drinks, freezing poultry and food products as well as control of pH levels. Changing lifestyles of people leads to a rise in demand for ready-to-make and frozen foods, which increases the consumption of carbon dioxide. Moreover, the increasing population across the world has boosted the demand for Food & Beverages, which are expected to enhance the growth of the carbon dioxide market during the forecast period. The Medical segment is expected to witness rapid growth with a CAGR of 4.92% during the forecast period. Increasing usage of carbon dioxide in the medical sector is expected to boost the growth of the carbon dioxide market during the forecast period.
Global Carbon Dioxide Market Regional Insights:
North America region held the largest market share accounting for 40.88 % in 2021. The presence of a large number of oil and gas production and refineries in this region is driving the growth of carbon dioxide market growth during the forecast period. As per the American Petroleum Institute, the oil & gas industry has been registered significant demand for carbon dioxide for the last 35 years for additional oil recovery. A report by the U.S. Department of Energy reported that around 137 billion barrels of potential oil resources are recoverable through carbon dioxide enhanced oil recovery, with close to 67 billion barrels recoverable at the cost of around US$ 85 per barrel. In 2021, the U.S. accounted for 29% of global carbon dioxide demand. Asia Pacific region is expected to witness a significant CAGR of 5.07% during the forecast period. The continuous growing demand for CO2 in this region is attributed to the growth and expansion of end-user industries, such as food & beverages, medical, and rubber. In 2021, China accounted for 28% of global carbon dioxide demand. The objective of the report is to present a comprehensive analysis of the Trampoline Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Trampoline Market dynamic, structure by analyzing the market segments and projecting the Trampoline Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Trampoline Market make the report investor’s guide.Global Carbon Dioxide Market Scope: Inquire before buying
Global Carbon Dioxide Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 8.22 Bn. Forecast Period 2022 to 2029 CAGR: 4.87% Market Size in 2029: US $ 12.03 Bn. Segments Covered: by Source • Hydrogen • Ethyl Alcohol • Ethylene Oxide • Substitute Natural Gas • Others by Application • Food & Beverages • Oil & Gas • Medical • Rubber • Fire Fighting • Others Global Carbon Dioxide Market, by Region
• North America • Europe • Asia Pacific • South America • The Middle East and AfricaGlobal Carbon Dioxide Market, Key Players
• Universal Industrial Gases, Inc. • Linde Group • Air Products and Chemicals, Inc. • INOX Air Products Ltd. • Continental Carbonic Products, Inc. • Matheson Tri-Gas, Inc. • Air Liquide International S.A. • Praxair Inc. • Gulf Cryo • Bristol Gases–Concorde Corodex Group • Buzwair Industrial Gases Factory • Dubai Industrial Gases • Messer • Taiyo Nippon Sanso Corp.Frequently Asked Questions:
1] What segments are covered in the Carbon Dioxide Market report? Ans. The segments covered in the Carbon Dioxide Market report are based on Source and Application. 2] Which region is expected to hold the highest share in the Carbon Dioxide Market? Ans. North America region is expected to hold the highest share in the Carbon Dioxide Market. 3] What is the market size of the Carbon Dioxide Market by 2029? Ans. The market size of the Carbon Dioxide Market by 2029 is US $ 12.03 Bn. 4] Who are the top key players in the Carbon Dioxide Market? Ans. Universal Industrial Gases, Inc., Linde Group, Air Products and Chemicals, Inc., INOX Air Products Ltd., Continental Carbonic Products, Inc., Matheson Tri-Gas, Inc., Air Liquide International S.A., Praxair Inc., Gulf Cryo, Bristol Gases–Concorde Corodex Group, Buzwair Industrial Gases Factory, Dubai Industrial Gases, Messer, and Taiyo Nippon Sanso Corp. 5] What was the market size of the Carbon Dioxide Market in 2021? Ans. The market size of the Carbon Dioxide Market in 2021 was US $ 8.22 Bn.
To know about the Research Methodology :- 
Based on Application, the Carbon Dioxide Market is segmented into Food and Beverages, Oil and Gas, Medical, Rubber, Fire Fighting, and others. The Food and Beverages segment accounted for the largest share 41.37 % in 2021. In the Food & Beverages industry, carbon dioxide is mostly used for the carbonation of drinks, freezing poultry and food products as well as control of pH levels. Changing lifestyles of people leads to a rise in demand for ready-to-make and frozen foods, which increases the consumption of carbon dioxide. Moreover, the increasing population across the world has boosted the demand for Food & Beverages, which are expected to enhance the growth of the carbon dioxide market during the forecast period.
The Medical segment is expected to witness rapid growth with a CAGR of 4.92% during the forecast period. Increasing usage of carbon dioxide in the medical sector is expected to boost the growth of the carbon dioxide market during the forecast period.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Carbon Dioxide Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Carbon Dioxide Market 3.4. Geographical Snapshot of the Carbon Dioxide Market, By Manufacturer share 4. Global Carbon Dioxide Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Carbon Dioxide Market 5. Supply Side and Demand Side Indicators 6. Global Carbon Dioxide Market Analysis and Forecast, 2021-2029 6.1. Global Carbon Dioxide Market Size & Y-o-Y Growth Analysis. 7. Global Carbon Dioxide Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 7.1.1. Hydrogen 7.1.2. Ethyl Alcohol 7.1.3. Ethylene Oxide 7.1.4. Substitute Natural Gas 7.1.5. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Food & Beverages 7.2.2. Oil & Gas 7.2.3. Medical 7.2.4. Rubber 7.2.5. Fire Fighting 7.2.6. Others 8. Global Carbon Dioxide Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Carbon Dioxide Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 9.1.1. Hydrogen 9.1.2. Ethyl Alcohol 9.1.3. Ethylene Oxide 9.1.4. Substitute Natural Gas 9.1.5. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Food & Beverages 9.2.2. Oil & Gas 9.2.3. Medical 9.2.4. Rubber 9.2.5. Fire Fighting 9.2.6. Others 10. North America Carbon Dioxide Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Carbon Dioxide Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Carbon Dioxide Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Carbon Dioxide Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Carbon Dioxide Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Carbon Dioxide Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Carbon Dioxide Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Carbon Dioxide Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Carbon Dioxide Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Carbon Dioxide Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Carbon Dioxide Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Carbon Dioxide Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Carbon Dioxide Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Carbon Dioxide Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Carbon Dioxide Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Carbon Dioxide Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Carbon Dioxide Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Carbon Dioxide Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Carbon Dioxide Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Carbon Dioxide Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Carbon Dioxide Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Carbon Dioxide Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Carbon Dioxide Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Carbon Dioxide Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Carbon Dioxide Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Carbon Dioxide Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Carbon Dioxide Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Carbon Dioxide Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Carbon Dioxide Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Carbon Dioxide Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Carbon Dioxide Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Carbon Dioxide Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Carbon Dioxide Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Carbon Dioxide Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Carbon Dioxide Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Source, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Carbon Dioxide Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Universal Industrial Gases, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. The Linde Group 45.3.3. Air Products and Chemicals, Inc. 45.3.4. INOX Air Products Ltd. 45.3.5. Continental Carbonic Products, Inc. 45.3.6. Matheson Tri-Gas, Inc. 45.3.7. Air Liquide International S.A. 45.3.8. Praxair Inc. 45.3.9. Gulf Cryo 45.3.10. Bristol Gases – Concorde Corodex Group 45.3.11. Buzwair Industrial Gases Factory 45.3.12. Dubai Industrial Gases 45.3.13. Others 46. Primary Key Insights