MarkNtel Advisors analyses the growth rate of the Carbon Dioxide market in the forecast period from 2025 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Carbon Dioxide market, helping them make informed decisions.
Market Outlook – 2025-2030:
The Global Carbon Dioxide Market is estimated to grow at a CAGR of around 4.87% during the forecast period, i.e., 2025-30. The market growth imputes to the unceasing use of urea as a nitrogen fertilizer in the global agriculture industry, making the fertilizer industry one of the key end users of captive carbon dioxide throughout the historical period. As per IEA, global urea consumption accounted for nearly 122 Mt in 2020. Although, in recent years, the annual growth in agriculture production globally has been highly volatile, yet to fulfill the growing population’s food requirements in the coming years.
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Key Company Profiles
This report explores recent significant developments in the Carbon Dioxide Market, focusing on the leading companies and their innovative profiles. The major players in the Carbon Dioxide Market, featured in this report, include:
- Air Liquide S.A
- Air Products and Chemicals
- Linde Plc
- Taiyo Nippon Sanso
- Messer Group
- Strandmøllen A / S
- Yara International ASA
- BASF
- Air Water Group
- Reliance Industries Ltd., Others.
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Carbon Dioxide Market to forecast revenues and analyse trends across each of the following sub-markets:
By Source
- Hydrogen- Market Size & Forecast 2020-2030, Thousand Tons
- Ethyl Alcohol- Market Size & Forecast 2020-2030, Thousand Tons
- Ethylene Oxide- Market Size & Forecast 2020-2030, Thousand Tons
- Substitute Natural Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
Of them all, Hydrogen held the major share of the Global Carbon Dioxide Market during the historical years.
By Form
- Solid- Market Size & Forecast 2020-2030, Thousand Tons
- Liquid- Market Size & Forecast 2020-2030, Thousand Tons
- Gas- Market Size & Forecast 2020-2030, Thousand Tons
By Application
- Food & Beverage- Market Size & Forecast 2020-2030, Thousand Tons
- Chemical Manufacturing- Market Size & Forecast 2020-2030, Thousand Tons
- Oil & Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Medical – Market Size & Forecast 2020-2030, Thousand Tons
- Metal Fabrication- Market Size & Forecast 2020-2030, Thousand Tons
- Firefighting- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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What are the primary factors driving the growth of the Carbon Dioxide market?
Soaring Usage of Carbon Dioxide in the Food & Beverage Industry: Over the past few years, the global population has significantly risen and has surged the requirements for food & beverage products. According to the United Nations, in 2022, the world population reached approximately 8 billion. Moreover, developing countries in the Asia-Pacific, like India, China, etc., are undergoing urbanization & industrialization due to the evolution plans such as China’s 14th Five-Year Plan (2021-2025), India’s Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, etc., laid down by their governments.
As a result, the working population in these countries is significantly increasing. According to the Ministry of State Labour, in 2021, the employment rate in India increased to approximately 52.9%. This increase in the office-going population is resulting in a rise in demand for processed food & beverage products across the globe. Thus, to cater to this rising demand for food & beverages, the companies such as Coca-Cola, Goya Foods, etc., are expanding their food production capacity by setting up manufacturing units in different countries.
- In 2023, ITC, a leading player in the FMCG sector, inaugurated its manufacturing unit worth USD54.76 million in India to expand its production capacity for processed food products.
The CO2 is essential in food & beverage manufacturing units for various purposes such as carbonation, Freezing & Cooling, pH control, etc. Thus, the setup of new food & beverage manufacturing units across the globe to cater to the growing demand for food & beverage is driving the Global Carbon Dioxide Market.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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