Market Forecast By Sources (Hydrogen, Ethyl Alcohol, Ammonia, Natural gas, Others), By Application (Food & Beverages, Chemicals, Electronics, Agriculture, Healthcare, Wastewater treatment) And Competitive Landscape
Product Code: ETC190964 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Liquefied Carbon Dioxide Market |
Forecast period | 2025-2031 |
CAGR | 7.9% |
Growing Sector | Food and beverage |
Bangladesh Liquefied Carbon Dioxide Market report thoroughly covers the market By Sources and By Application.The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Liquefied Carbon Dioxide Market is undergoing robust growth, fueled by increasing demand in vital sectors like food & beverages, healthcare, and agriculture. This expansion is propelled by Bangladesh's advancing economic landscape and concerted industrialization endeavors. The surge in demand reflects the essential role carbon dioxide plays in various industries, from preserving food freshness to enhancing medical procedures and optimizing agricultural processes.
According to 6Wresearch, Bangladesh Liquefied Carbon Dioxide Market size is expected to grow at a significant CAGR of 7.9% during the forecast period 2025-2031. The industry is experiencing dynamic growth, driven by escalating demand in industries ranging from beverage carbonation to enhanced oil recovery. Key growth factors include rapid industrialization, increasing population, and technological advancements in CO2 capture and utilization. The trend towards more environmentally friendly refrigerants and the growing food and beverage sector contribute significantly to market expansion. However, challenges such as regulatory compliance, high initial investment for CO2 capture infrastructure, and volatility in raw material prices pose hurdles to growth. Emerging opportunities lie in the development of innovative applications of liquefied carbon dioxide in the medical field, agriculture, and as a renewable energy source, promising a broad expansion horizon for the market in the coming years. The use of carbon dioxide (CO2) has become an essential part of various industries, including the food and beverage, pharmaceutical, and energy sectors. CO2 is a naturally occurring gas that can be found in the Earth's atmosphere.
The Bangladesh liquefied carbon dioxide market features a competitive landscape with key players that include Bashundhara Gas Limited and Spectra Oxygen Limited dominating the market. These leading companies are recognized for their significant market shares, extensive distribution networks, and innovative strategies in meeting consumer demands. Further contributing to the industry's growth are emerging companies such as Linde Bangladesh Limited, which brings global expertise and technological advancements into the local market, enhancing the overall competitiveness and sustainability of the liquefied carbon dioxide sector in Bangladesh.
The government has been actively involved in fostering the Bangladesh Liquefied Carbon Dioxide Market Growth as part of its broader initiative to promote sustainable and environmentally friendly industrial practices. In recent years, it has introduced various policies and incentives aimed at encouraging the production, utilization, and export of liquefied CO2. These initiatives include tax exemptions for green technology equipment, subsidies for industries adopting eco-friendly practices, and the establishment of special economic zones focusing on green energy. These governmental efforts have not only contributed to an increase in domestic production but have also attracted foreign investment, significantly impacting the country's position in the global liquefied carbon dioxide market.
The Bangladesh Liquefied Carbon Dioxide Industry is poised for significant expansion, driven by innovations and sustainability initiatives. The integration of carbon capture and storage (CCS) technologies, alongside its expanded use in agriculture and healthcare sectors, is anticipated to fuel market growth. This trajectory reflects a broader global trend towards environmental responsibility and resource optimization. As Bangladesh embraces these advancements, it positions itself for robust development in the realm of liquefied carbon dioxide, aligning with both economic and ecological imperatives.
According to Ravi Bhandari, Research Head, 6Wresearch, the Bangladesh Liquefied Carbon Dioxide Market relies primarily on natural gas for production. Abundant in availability and supported by well-established extraction and processing facilities, natural gas emerges as the dominant choice. Its reliability and existing infrastructure position it as the preferred source for liquefied carbon dioxide in Bangladesh.
The agriculture segment is expected to proliferate in the coming years, driven by the need for increased crop yield. Carbon dioxide plays a vital role in controlled atmospheric cultivation, essential for the agrarian-based economy to meet the food demands of a growing population.
The report offers a comprehensive study of the subsequent market segments:
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 Bangladesh Liquefied Carbon Dioxide Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Liquefied Carbon Dioxide Market - Industry Life Cycle |
3.4 Bangladesh Liquefied Carbon Dioxide Market - Porter's Five Forces |
3.5 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.6 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Bangladesh Liquefied Carbon Dioxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for carbonated beverages and packaged food products, which require liquefied carbon dioxide for carbonation and preservation. |
4.2.2 Growing use of liquefied carbon dioxide in various industries such as pharmaceuticals, chemicals, and healthcare for applications like pH control, cooling, and inerting. |
4.2.3 Government initiatives promoting the use of carbon capture and storage technologies to reduce greenhouse gas emissions. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices (such as ethanol or ammonia) used in the production of liquefied carbon dioxide. |
4.3.2 Stringent regulations related to the handling, transportation, and storage of liquefied carbon dioxide. |
4.3.3 Limited availability of skilled labor for handling liquefied carbon dioxide safely. |
5 Bangladesh Liquefied Carbon Dioxide Market Trends |
6 Bangladesh Liquefied Carbon Dioxide Market, By Types |
6.1 Bangladesh Liquefied Carbon Dioxide Market, By Sources |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Sources, 2021 - 2031F |
6.1.3 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Hydrogen, 2021 - 2031F |
6.1.4 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Ethyl Alcohol, 2021 - 2031F |
6.1.5 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Ammonia, 2021 - 2031F |
6.1.6 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Natural gas, 2021 - 2031F |
6.1.7 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Bangladesh Liquefied Carbon Dioxide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.2.3 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.2.4 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.2.5 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.2.6 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.2.7 Bangladesh Liquefied Carbon Dioxide Market Revenues & Volume, By Wastewater treatment, 2021 - 2031F |
7 Bangladesh Liquefied Carbon Dioxide Market Import-Export Trade Statistics |
7.1 Bangladesh Liquefied Carbon Dioxide Market Export to Major Countries |
7.2 Bangladesh Liquefied Carbon Dioxide Market Imports from Major Countries |
8 Bangladesh Liquefied Carbon Dioxide Market Key Performance Indicators |
8.1 Compliance rate with safety regulations and standards for handling liquefied carbon dioxide. |
8.2 Adoption rate of carbon capture and storage technologies in industries using liquefied carbon dioxide. |
8.3 Percentage of revenue invested in research and development for innovative applications of liquefied carbon dioxide. |
9 Bangladesh Liquefied Carbon Dioxide Market - Opportunity Assessment |
9.1 Bangladesh Liquefied Carbon Dioxide Market Opportunity Assessment, By Sources, 2021 & 2031F |
9.2 Bangladesh Liquefied Carbon Dioxide Market Opportunity Assessment, By Application , 2021 & 2031F |
10 Bangladesh Liquefied Carbon Dioxide Market - Competitive Landscape |
10.1 Bangladesh Liquefied Carbon Dioxide Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Liquefied Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |