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Carbon Dioxide Global Market Report 2022 – By Product Type (Liquid Carbon Dioxide, Solid Carbon Dioxide, Gaseous Carbon Dioxide), By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Other Sources), By Application (Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7304 | Delivery Time: 2-3 business days | Format :


The carbon dioxide market consists of sales of carbon dioxide and its related services in the form of liquid, gas, and solid. Carbon dioxide is a colourless chemical element that is a product of both fermentation and combustion. It is widely used in the food industry for applications such as removing the caffeine from coffee beans to make decaffeinated coffee and for carbonating beer, soft drinks, etc. It is also used for cooling in the food and manufacturing industries.

The main product types of carbon dioxide are liquid carbon dioxide, solid carbon dioxide, and gaseous carbon dioxide. Liquid carbon dioxide is carbon dioxide gas that has been highly compressed and cooled to a liquid form. Carbon dioxide exists as a liquid below the temperature of 31C and above the triple point at a temperature of 56.6 C and 4.18 bar. The sources are hydrogen, ethyl alcohol, ethylene oxide, substituted natural gas, and other sources. The various applications involved are food and beverages, oil & gas, medical, rubber, firefighting, and other applications.

The carbon dioxide market research report is one of a series of new reports from The Business Research Company that provides carbon dioxide market statistics, including carbon dioxide industry global market size, regional shares, competitors with a carbon dioxide market share, detailed carbon dioxide market segments, market trends and opportunities, and any further data you may need to thrive in the carbon dioxide industry. This carbon dioxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global carbon dioxide market grew from $11.3 billion in 2021 to $13.06 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The carbon dioxide market is expected to grow to $21.15 billion in 2026 at a CAGR of 12.8%.

During the historic period, increased demand for the oil and gas industry globally contributed to the carbon dioxide market’s growth. Carbon dioxide is primarily used for enhancing oil recovery (EOR) in the oil and gas industry as it is compatible with crude oil and more lucrative than other fluids. Crude oil is extracted by pouring carbon dioxide into the pore spaces in rocks. The enhanced oil refinery application accounts for the largest share of the carbon dioxide market with increased investments in research and development for advanced technologies. The global enhanced oil recovery (EOR) market is estimated to grow at a CAGR of 17.6% during 2019–2025. Increased demand for the EOR market, supported by massive investments in advanced technologies, drove the carbon dioxide market and is also expected to drive the market in the next five years.

The high cost of capturing, liquefying, and transporting carbon dioxide is a major challenge in the carbon dioxide market. Carbon dioxide can be transported either in solid, liquid, or gas form and is available through various means, including motor carriers, railways, ships, and pipelines. Transporting carbon dioxide as a solid form is neither cost-effective nor feasible as it requires more energy compared with other alternatives. However, for larger quantities of carbon dioxide, pipelines are the most lucrative mode of transport. The liquefaction of carbon dioxide for ship transport and compression of pipeline transport requires abundant electrical energy. Globally, government agencies have formulated various regulations for the proper storage and transportation of carbon dioxide. These regulations also affect the cost of transportation. The high cost of transportation is expected to affect the profit margins of carbon dioxide manufacturers and limit the growth of the market.

Carbon dioxide manufacturers are using advanced carbon capture and storage (CCS) technologies to effectively capture, purify, liquefy, and store carbon dioxide. CCS works by trapping carbon dioxide at its emission source and transporting it to a storage site. It is a technology that captures around 90% of the carbon dioxide emissions generated from the use of fossil fuels in electricity production and industrial processes. CCS technologies offer an effective method for capturing carbon dioxide, restraining the carbon dioxide from entering the environment.

In March 2019, Air Products acquired ACP Europe SA, an independent carbon dioxide business in Continental Europe, for an undisclosed amount. This deal enables Air Products to better serve existing customers and pursue new industrial gas growth opportunities. Air Products is a provider of industrial gases and related equipment to a variety of industries, including refining, chemicals, metals, electronics, manufacturing, and food and beverage. It has four liquid carbon dioxide production plants and two dry ice production locations across Europe.

Major players in the carbon dioxide market are AGA, Air Liquide, Air Products and Chemicals, Inc, AIR WATER INC, Airgas, Buzwair Industrial Gases Factories, Continental Carbonic Products, Cosmo Engineering, EPC Engineering & Technologies GmbH, and Gulf Cryo.

Asia Pacific was the largest region in the carbon dioxide market in 2021. North America was the second-largest region in the carbon dioxide market. The regions covered in the carbon dioxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the carbon dioxide market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The global carbon dioxide market is segmented -

1) By Product Type: Liquid Carbon Dioxide, Solid Carbon Dioxide, Gaseous Carbon Dioxide  

2) By Source: Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Other Sources

3) By Application: Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Carbon Dioxide Market Characteristics

    3. Carbon Dioxide Market Trends And Strategies

    4. Carbon Dioxide Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Carbon Dioxide Market

    4.2 Ukraine-Russia War Impact On Carbon Dioxide Market

    4.3 Impact Of High Inflation On Carbon Dioxide Market

    5. Carbon Dioxide Market Size And Growth

    5.1. Global Carbon Dioxide Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Carbon Dioxide Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Carbon Dioxide Market Segmentation

    6.1. Global Carbon Dioxide Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Liquid Carbon Dioxide

    Solid Carbon Dioxide

    Gaseous Carbon Dioxide  

    6.2. Global Carbon Dioxide Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Food & Beverages

    Oil & Gas

    Medical

    Rubber

    Fire Fighting

    Other Applications

    6.3. Global Carbon Dioxide Market, Segmentation  By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Hydrogen

    Ethyl Alcohol

    Ethylene Oxide

    Substitute Natural Gas

    Other Sources

    7. Carbon Dioxide Market Regional And Country Analysis

    7.1. Global Carbon Dioxide Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Carbon Dioxide Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Carbon Dioxide Market  

    8.1. Asia-Pacific Carbon Dioxide Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Carbon Dioxide Market  

    9.1. China Carbon Dioxide Market Overview  

    9.2. China Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Carbon Dioxide Market  

    10.1. India Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Carbon Dioxide Market  

    11.1. Japan Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Carbon Dioxide Market  

    12.1. Australia Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Carbon Dioxide Market  

    13.1. Indonesia Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Carbon Dioxide Market  

    14.1. South Korea Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Carbon Dioxide Market  

    15.1. Western Europe Carbon Dioxide Market Overview

    15.2. Western Europe Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Carbon Dioxide Market  

    16.1. UK Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Carbon Dioxide Market  

    17.1. Germany Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Carbon Dioxide Market  

    18.3. France Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Carbon Dioxide Market  

    19.1. Eastern Europe Carbon Dioxide Market Overview

    19.2. Eastern Europe Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Carbon Dioxide Market  

    20.1. Russia Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Carbon Dioxide Market  

    21.1. North America Carbon Dioxide Market Overview

    21.2. North America Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Carbon Dioxide Market  

    22.1. USA Carbon Dioxide Market Overview

    22.2. USA Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Carbon Dioxide Market  

    23.1. South America Carbon Dioxide Market Overview

    23.2. South America Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Carbon Dioxide Market  

    24.1. Brazil Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Carbon Dioxide Market  

    25.1. Middle East Carbon Dioxide Market Overview

    25.2. Middle East Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Carbon Dioxide Market  

    26.1. Africa Carbon Dioxide Market Overview

    26.2. Africa Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Carbon Dioxide Market Competitive Landscape And Company Profiles

    27.1. Carbon Dioxide Market Competitive Landscape

    27.2. Carbon Dioxide Market Company Profiles

    27.2.1. Abdullah Hashim Industrial & Equipment Co. Ltd

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. AGA

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Air Liquide

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Air Products and Chemicals, Inc.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. AIR WATER INC

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Carbon Dioxide Market

    29. Carbon Dioxide Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Carbon Dioxide Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Carbon Dioxide Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Carbon Dioxide Market, Segmentation  By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Carbon Dioxide Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Carbon Dioxide Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Abdullah Hashim Industrial & Equipment Co. Ltd Financial Performance
  • Table 28: AGA Financial Performance
  • Table 29: Air Liquide Financial Performance
  • Table 30: Air Products and Chemicals, Inc. Financial Performance
  • Table 31: AIR WATER INC Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Carbon Dioxide Market, Segmentation  By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Carbon Dioxide Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Carbon Dioxide Market, Segmentation  By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Carbon Dioxide Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Carbon Dioxide Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Abdullah Hashim Industrial & Equipment Co. Ltd Financial Performance
  • Figure 28: AGA Financial Performance
  • Figure 29: Air Liquide Financial Performance
  • Figure 30: Air Products and Chemicals, Inc. Financial Performance
  • Figure 31: AIR WATER INC Financial Performance
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