Global Carbon Dioxide Market Trends And Strategies Of Major Players in the Carbon Dioxide Market 2021-2030
4 Mar, 2021
The carbon dioxide market consists of the sales of carbon dioxide by entities (organizations, sole traders or partnerships) that manufacture carbon dioxide gas in compressed, liquid, and solid forms. Carbon dioxide (CO2) is an odorless, colorless gas with a slightly pungent, acid taste. Commercial carbon dioxide is recovered from industrial plants, which produce hydrogen or ammonia from natural gas, coal and hydrocarbon feedstock. Corn-to-ethanol plants have been the most rapidly growing source of feed gas for CO2 recovery. CO2-rich natural gas reservoirs are another source of recoverable carbon dioxide.
Global Carbon Dioxide Market Size And Drivers:
The global carbon dioxide market reached a value of nearly $9.68 billion in 2020, having increased at a compound annual growth rate (CAGR) of 4.94% since 2015. The market is expected to reach $11.26 billion by 2025, and $12.70 billion by 2030. The carbon dioxide market in the forecast period is expected to be supported by the growing demand for frozen food.
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Trends In The Global Carbon Dioxide Market
Companies in the carbon dioxide industry are focusing on the use of separation technology. The technology is based on using the CO2 emitted across various production processes to be further cleaned to ensure that it is available for further use.
Global Carbon Dioxide Market Segments:
The global carbon dioxide market is further segmented based on type, application, grade type and geography.
By Type:Liquid Carbon Dioxide, Solid Carbon Dioxide, Gaseous Carbon Dioxide.
By Application:Beverages, Food, Metal Products, Oil and Gas, Medical, Chemical, Firefighting.
By Grade Type:Medical Grade, Food Grade, Industrial Grade, Other Grade
By Geography:The global carbon dioxide market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global carbon dioxide market, accounting to 40.1% of total market.
Read More On The Report For The Global Carbon Dioxide Market At:https://www.thebusinessresearchcompany.com/report/carbon-dioxide-market
Carbon Dioxide Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides carbon dioxide market overviews, analyzes and forecasts market size and growth for the global carbon dioxide market, carbon dioxide market share, carbon dioxide market players, carbon dioxide market segments and geographies, carbon dioxide market’s leading competitors’ revenues, profiles and market shares. The carbon dioxide market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.