Product Code: ETC13218297 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Liquefied Carbon Dioxide Market was valued at USD 8.6 Billion in 2024 and is expected to reach USD 11.5 Billion by 2031, growing at a compound annual growth rate of 4.50% during the forecast period (2025-2031).
The Global Liquefied Carbon Dioxide Market is experiencing steady growth driven by various industries such as food and beverages, pharmaceuticals, oil and gas, and agriculture. The market is primarily fueled by the increasing demand for carbon dioxide in food and beverage applications, such as carbonation and packaging. Additionally, the growth of the pharmaceutical industry and the use of carbon dioxide in medical applications are contributing to market expansion. Technological advancements in carbon capture and storage technologies are also influencing market growth. However, regulatory challenges related to carbon emissions and fluctuating raw material prices may hinder market growth. Key players in the market include Linde plc, Air Liquide, Praxair Inc., and Air Products and Chemicals Inc., among others. The market is expected to continue growing as industries increasingly recognize the benefits of carbon dioxide in various applications.
The Global Liquefied Carbon Dioxide Market is experiencing significant growth driven by increasing demand from various end-use industries such as food and beverage, oil and gas, healthcare, and agriculture. The rising awareness about the environmental benefits of using carbon dioxide in refrigeration, fire extinguishers, and wastewater treatment is also contributing to market growth. Additionally, the expansion of the food and beverage industry, particularly in emerging economies, is creating opportunities for market players to capitalize on. Technological advancements in carbon capture and storage technologies are further expected to drive the market`s growth as companies focus on reducing their carbon footprint. Overall, the market presents lucrative opportunities for companies to innovate and expand their product offerings to meet the growing demand for liquefied carbon dioxide across diverse industries.
The Global Liquefied Carbon Dioxide Market faces several challenges, including fluctuating prices of raw materials, stringent government regulations related to carbon emissions, and the limited availability of storage and transportation infrastructure for carbon dioxide. Additionally, the market is highly dependent on industries such as food and beverage, healthcare, and oil and gas, making it susceptible to changes in these sectors. Another challenge is the increasing competition from alternative technologies for carbon capture and storage, which could potentially impact the demand for liquefied carbon dioxide. Overall, market players in the Global Liquefied Carbon Dioxide Market need to navigate these challenges effectively through innovation, strategic partnerships, and sustainable practices to ensure long-term growth and competitiveness.
The Global Liquefied Carbon Dioxide Market is primarily driven by the increasing demand from various end-use industries such as food and beverages, healthcare, and oil and gas. The food and beverages industry, in particular, is a significant driver as liquefied carbon dioxide is widely used for carbonation in soft drinks and as a cooling agent in food processing. Additionally, the growing applications of liquefied carbon dioxide in enhanced oil recovery techniques and as a refrigerant in healthcare facilities are further propelling market growth. Stringent environmental regulations promoting the use of environmentally friendly refrigerants are also contributing to the market expansion as liquefied carbon dioxide is considered a more sustainable alternative. Overall, the market is expected to witness steady growth due to these key drivers.
Government policies related to the Global Liquefied Carbon Dioxide Market primarily focus on regulating emissions and promoting carbon capture and storage initiatives to combat climate change. Many governments have implemented regulatory frameworks such as carbon pricing mechanisms and emission reduction targets to incentivize the use of liquefied carbon dioxide as a feedstock for various industries. Additionally, subsidies and grants are often provided to support the development of carbon capture and storage technologies, which can capture and store carbon dioxide emissions from industrial processes. Overall, government policies aim to encourage the adoption of liquefied carbon dioxide as a sustainable alternative and to drive innovation in reducing greenhouse gas emissions on a global scale.
The Global Liquefied Carbon Dioxide Market is expected to witness steady growth in the coming years due to increasing demand from various end-use industries such as food and beverage, healthcare, and agriculture. The market is driven by the growing popularity of carbon dioxide as a versatile industrial gas for various applications, including refrigeration, chemical processing, and fire extinguishing. Additionally, the rising focus on sustainability and environmental regulations promoting the use of carbon dioxide as a greener alternative to traditional chemicals is expected to further boost market growth. Technological advancements in carbon capture and storage technologies are also likely to play a significant role in shaping the future of the market. Overall, the Global Liquefied Carbon Dioxide Market is poised for expansion, driven by evolving industry trends and increasing awareness of environmental sustainability.
In the Global Liquefied Carbon Dioxide Market, Asia Pacific is expected to witness significant growth due to the increasing demand for carbon dioxide in various industries such as food and beverage, healthcare, and manufacturing. North America is projected to hold a prominent market share, driven by the growing applications of liquefied carbon dioxide in enhanced oil recovery and beverage carbonation. In Europe, stringent regulations promoting the use of carbon dioxide in refrigeration and wastewater treatment are anticipated to boost market growth. The Middle East and Africa region is likely to experience steady growth, supported by the expanding food processing industry. Latin America is also poised for growth, with a rising demand for carbon dioxide in the healthcare sector and for water treatment applications. Overall, the global liquefied carbon dioxide market is expected to witness steady expansion across all regions.
Global Liquefied 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 Liquefied Carbon Dioxide Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Liquefied Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
3.3 Global Liquefied Carbon Dioxide Market - Industry Life Cycle |
3.4 Global Liquefied Carbon Dioxide Market - Porter's Five Forces |
3.5 Global Liquefied Carbon Dioxide Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Liquefied Carbon Dioxide Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.7 Global Liquefied Carbon Dioxide Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Global Liquefied Carbon Dioxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Liquefied Carbon Dioxide Market Trends |
6 Global Liquefied Carbon Dioxide Market, 2021 - 2031 |
6.1 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Hydrogen, 2021 - 2031 |
6.1.3 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Ethyl Alcohol, 2021 - 2031 |
6.1.4 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Ammonia, 2021 - 2031 |
6.1.5 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Natural gas, 2021 - 2031 |
6.1.6 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Food & Beverages, 2021 - 2031 |
6.2.3 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Chemicals, 2021 - 2031 |
6.2.4 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Electronics, 2021 - 2031 |
6.2.5 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
6.2.6 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.2.7 Global Liquefied Carbon Dioxide Market, Revenues & Volume, By Wastewater treatment, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Liquefied Carbon Dioxide Market, Overview & Analysis |
7.1 North America Liquefied Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
7.2 North America Liquefied Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
7.4 North America Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
8 Latin America (LATAM) Liquefied Carbon Dioxide Market, Overview & Analysis |
8.1 Latin America (LATAM) Liquefied Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Liquefied Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
8.4 Latin America (LATAM) Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
9 Asia Liquefied Carbon Dioxide Market, Overview & Analysis |
9.1 Asia Liquefied Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Liquefied Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
9.4 Asia Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
10 Africa Liquefied Carbon Dioxide Market, Overview & Analysis |
10.1 Africa Liquefied Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Liquefied Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
10.4 Africa Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
11 Europe Liquefied Carbon Dioxide Market, Overview & Analysis |
11.1 Europe Liquefied Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
11.4 Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
12 Middle East Liquefied Carbon Dioxide Market, Overview & Analysis |
12.1 Middle East Liquefied Carbon Dioxide Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Liquefied Carbon Dioxide Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Liquefied Carbon Dioxide Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021 - 2031 |
12.4 Middle East Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021 - 2031 |
13 Global Liquefied Carbon Dioxide Market Key Performance Indicators |
14 Global Liquefied Carbon Dioxide Market - Export/Import By Countries Assessment |
15 Global Liquefied Carbon Dioxide Market - Opportunity Assessment |
15.1 Global Liquefied Carbon Dioxide Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Liquefied Carbon Dioxide Market Opportunity Assessment, By Sources, 2021 & 2031F |
15.3 Global Liquefied Carbon Dioxide Market Opportunity Assessment, By Application , 2021 & 2031F |
16 Global Liquefied Carbon Dioxide Market - Competitive Landscape |
16.1 Global Liquefied Carbon Dioxide Market Revenue Share, By Companies, 2024 |
16.2 Global Liquefied Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |