Product Code: ETC13136736 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Carbon Dioxide Market was valued at USD 6.5 Billion in 2024 and is expected to reach USD 9.9 Billion by 2031, growing at a compound annual growth rate of 6.60% during the forecast period (2025-2031).
The Global Carbon Dioxide Market is driven by the increasing demand for carbon dioxide in various industries such as food and beverages, oil and gas, healthcare, and agriculture. Carbon dioxide is widely used in food and beverages for carbonation, as a preservative, and for modified atmosphere packaging. In the oil and gas industry, it is used for enhanced oil recovery and as a drilling fluid. Additionally, carbon dioxide is essential in healthcare for medical procedures and as a respiratory stimulant. The market is also influenced by government regulations promoting the use of carbon dioxide for reducing greenhouse gas emissions. The market is characterized by key players such as Linde AG, Air Products and Chemicals Inc., and Praxair Inc. The increasing focus on sustainability and environmental initiatives is expected to drive further growth in the Global Carbon Dioxide Market.
The Global Carbon Dioxide Market is experiencing a surge in demand due to the rising focus on sustainable energy sources and environmental concerns. The market is driven by the increasing adoption of carbon capture and storage technologies, as well as the growing demand for carbon dioxide in various industries such as food and beverage, pharmaceuticals, and chemicals. Additionally, the expansion of the Enhanced Oil Recovery (EOR) industry is creating new opportunities for carbon dioxide suppliers. With governments worldwide implementing stricter regulations to reduce greenhouse gas emissions, the market for carbon dioxide is expected to witness significant growth in the coming years. Companies investing in innovative technologies for carbon capture and utilization are likely to capitalize on these emerging trends and opportunities in the Global Carbon Dioxide Market.
The Global Carbon Dioxide Market faces several challenges, including regulatory uncertainties and evolving government policies related to carbon emissions. Additionally, the market is impacted by fluctuating demand from industries such as manufacturing, oil and gas, and healthcare. Technological advancements in carbon capture and storage solutions present both opportunities and challenges for market players, as the costs associated with implementing these technologies can be significant. Furthermore, the increasing focus on sustainability and environmental concerns is driving the demand for carbon dioxide in applications such as food and beverage processing and greenhouse agriculture, but market participants must navigate complex supply chain dynamics and ensure compliance with environmental regulations to capitalize on these growth opportunities. Overall, the Global Carbon Dioxide Market must adapt to changing market conditions and regulatory landscapes to sustain long-term growth and profitability.
The Global Carbon Dioxide Market is primarily driven by the increasing demand for carbon dioxide in various end-use industries such as food and beverage, healthcare, and agriculture. In the food and beverage sector, carbon dioxide is used for carbonation in soft drinks and packaging of perishable goods. In the healthcare industry, it is utilized for cryotherapy and as a contrast agent in medical imaging. Furthermore, the agriculture sector relies on carbon dioxide for enhanced plant growth in greenhouses. Additionally, the rising emphasis on sustainability and environmental regulations promoting the use of carbon dioxide for reducing greenhouse gas emissions further contribute to market growth. These factors combined are expected to fuel the expansion of the Global Carbon Dioxide Market in the coming years.
Government policies related to the global carbon dioxide market typically focus on reducing greenhouse gas emissions to combat climate change. These policies include cap-and-trade systems, carbon taxes, and renewable energy mandates to incentivize businesses to lower their carbon dioxide emissions. Many countries have also committed to international agreements such as the Paris Agreement, which sets targets for reducing emissions. Additionally, governments may provide subsidies or grants for carbon capture and storage projects to further mitigate carbon dioxide levels in the atmosphere. Overall, these policies aim to promote sustainability and encourage industries to transition towards cleaner energy sources in order to mitigate the impacts of climate change.
The Global Carbon Dioxide Market is expected to witness significant growth in the coming years, driven by increasing demand from various industries such as food and beverage, healthcare, and agriculture. The market is poised for expansion due to the rising awareness about the environmental impact of greenhouse gas emissions and the implementation of stringent regulations to reduce carbon footprints. Additionally, the growing adoption of carbon capture and storage technologies is expected to further boost market growth. However, factors such as volatile raw material prices and the economic impact of the COVID-19 pandemic may pose challenges to market growth. Overall, the Global Carbon Dioxide Market is projected to experience steady growth, with a focus on sustainable practices and innovative solutions driving the market forward.
In the Global Carbon Dioxide Market, Asia is expected to witness significant growth due to the expansion of industries such as chemicals, oil & gas, and food & beverages. North America is likely to dominate the market, driven by the presence of key players and increasing investments in carbon capture and storage technologies. Europe is focusing on reducing carbon emissions, leading to a steady demand for carbon dioxide in various applications. The Middle East and Africa region is experiencing growth in the oil & gas sector, contributing to the demand for carbon dioxide for enhanced oil recovery. In Latin America, the market is driven by the agriculture and food industries, with a growing emphasis on sustainable practices and carbon footprint reduction.
Global Carbon Dioxide Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Carbon Dioxide Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
3.3 Global Carbon Dioxide Market - Industry Life Cycle |
3.4 Global Carbon Dioxide Market - Porter's Five Forces |
3.5 Global Carbon Dioxide Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Carbon Dioxide Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Global Carbon Dioxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Carbon Dioxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Carbon Dioxide Market Trends |
6 Global Carbon Dioxide Market, 2021 - 2031 |
6.1 Global Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Carbon Dioxide Market, Revenues & Volume, By Hydrogen, 2021 - 2031 |
6.1.3 Global Carbon Dioxide Market, Revenues & Volume, By Ethyl Alcohol, 2021 - 2031 |
6.1.4 Global Carbon Dioxide Market, Revenues & Volume, By Ethylene Oxide, 2021 - 2031 |
6.1.5 Global Carbon Dioxide Market, Revenues & Volume, By Substitute Natural Gas, 2021 - 2031 |
6.1.6 Global Carbon Dioxide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Carbon Dioxide Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.2.3 Global Carbon Dioxide Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.2.4 Global Carbon Dioxide Market, Revenues & Volume, By Medical, 2021 - 2031 |
6.2.5 Global Carbon Dioxide Market, Revenues & Volume, By Rubber, 2021 - 2031 |
6.2.6 Global Carbon Dioxide Market, Revenues & Volume, By Fire Fighting, 2021 - 2031 |
6.2.7 Global Carbon Dioxide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Carbon Dioxide Market, Overview & Analysis |
7.1 North America Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
7.2 North America Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
7.4 North America Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Carbon Dioxide Market, Overview & Analysis |
8.1 Latin America (LATAM) Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
8.4 Latin America (LATAM) Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Carbon Dioxide Market, Overview & Analysis |
9.1 Asia Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
9.4 Asia Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Carbon Dioxide Market, Overview & Analysis |
10.1 Africa Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
10.4 Africa Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Carbon Dioxide Market, Overview & Analysis |
11.1 Europe Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
11.4 Europe Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Carbon Dioxide Market, Overview & Analysis |
12.1 Middle East Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Carbon Dioxide Market, Revenues & Volume, By Source, 2021 - 2031 |
12.4 Middle East Carbon Dioxide Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Carbon Dioxide Market Key Performance Indicators |
14 Global Carbon Dioxide Market - Export/Import By Countries Assessment |
15 Global Carbon Dioxide Market - Opportunity Assessment |
15.1 Global Carbon Dioxide Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Carbon Dioxide Market Opportunity Assessment, By Source, 2021 & 2031F |
15.3 Global Carbon Dioxide Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Carbon Dioxide Market - Competitive Landscape |
16.1 Global Carbon Dioxide Market Revenue Share, By Companies, 2024 |
16.2 Global Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |