The Liquid Carbon Dioxide Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Liquid Carbon Dioxide Market?
The liquid carbon dioxide market has seen substantial growth in recent years, increasing from $6.10 billion in 2024 to $6.54 billion in 2025. This represents a compound annual growth rate (CAGR) of 7.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Liquid Carbon Dioxide Industry?
The Liquid Carbon Dioxide Global Market is predicted to reach a market size of $8.63 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.2%.
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What are the Key Growth Drivers Fueling the Liquid Carbon Dioxide Market?
The key drivers in the liquid carbon dioxide market are:
• Rising demand for carbonated beverages
• Increased adoption of liquid CO2 in food freezing and chilling applications
• Enhanced utilization in fire suppression systems
• Growing use in greenhouses for plant growth stimulation
Global Market Segmentation: Identifying Major Liquid Carbon Dioxide Industry Segments
The liquid carbon dioxide market covered in this report is segmented –
1) By Source Of Production: Natural Source, Synthetic Production
2) By Purity Level: Industrial Grade, Food Grade, Pharmaceutical Grade
3) By Distribution Channel: Direct Sales, Distributors, Online Sales, Retail
4) By Application: Food And Beverage Industry, Oil And Gas Industry, Medical And Healthcare, Chemical Manufacturing, Metallurgical Applications
4) By End-User: Industrial Manufacturing, Food Processing, Healthcare, Agriculture, Research And Development
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What are the Emerging Trends Shaping the Future of the Liquid Carbon Dioxide Market?
The key trends in the liquid carbon dioxide market are:
• Advancements in CO2 capture and liquefaction technologies are shaping the liquid carbon dioxide market.
• The adoption and integration of CO2-based systems in industrial refrigeration is a significant emerging trend.
• Technological development in dry ice production equipment is gaining prominence.
• Innovation in cryogenic storage and transport systems is setting the future trend.
Who Are the Top Competitors & Leading Players in the Liquid Carbon Dioxide Market?
Major players in the liquid carbon dioxide market are:
• Linde plc
• Air Liquide Deutschland GmbH
• Air Products and Chemicals Inc.
• Messer Group GmbH
• BOSCO India
• Westfalen AG
• SOL Group
• Matheson Tri-Gas Inc.
• Gulf Cryo Holding
• Continental Carbonic Products Inc.
• Praxair Inc.
• INOX Air Products Private Limited
• BOC Ltd.
• Goyal MG Gases Pvt. Ltd.
• SICGIL Industrial Gases Limited
• Southern Industrial Gas Sdn Bhd
• Coregas Pty Ltd.
• Axcel Industrial Gases Pvt. Ltd.
• Bathinda Industrial Gases Pvt. Ltd.
• UIG Universal Cryo Gas LLC
• Sri Venkateswara Carbonic Gases Private Limited
• Iwatani Corporation
Regional Dominance: Which Area Leads the Global Liquid Carbon Dioxide Market?
North America was the largest region in the liquid carbon dioxide market in 2024
