Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Sources (Hydrogen, Ethyl Alcohol, Ammonia, Natural gas, Others), By Application (Food & Beverages, Chemicals, Electronics, Agriculture, Healthcare, Wastewater treatment) And Competitive Landscape
| Product Code: ETC183402 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
| Report Name | Middle East Liquefied Carbon Dioxide Market |
| Forecast period | 2025-2031 |
| Forecast Size | USD 1.5 billion by 2031 |
| CAGR | 5% |
| Growing Sector | Chemical |
Middle East Liquefied Carbon Dioxide Market report thoroughly covers the market by countries, source and application. The market outlook 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.
Middle East Liquefied Carbon Dioxide Market was valued at USD 1 billion and is expected to reach USD 1.5 billion, growing at a CAGR of around 5% from 2025 to 2031. This growth is primarily driven by the increasing demand across industries such as beverage carbonation, oil recovery, and food processing, as well as advancements in carbon capture and storage technologies throughout the region.
Middle East Liquefied Carbon Dioxide Market is on a trajectory of sustained growth, fueled by innovation, supportive government policies, and the increasing demand for eco-friendly and energy-efficient solutions. The market's expansion is not confined to its traditional stronghold sectors; rather, it's branching out into new domains, leveraging Liquefied Carbon Dioxide versatility. The advent of using Liquefied Carbon Dioxide in novel applications such as carbonated beverages and enhanced oil recovery practices heralds a new era of opportunities, promising to broaden the market landscape even further. Additionally, the concerted efforts in boosting the Liquefied Carbon Dioxide supply chain efficiency illustrate the market's proactive stance in addressing the burgeoning demand across various industries. This dynamic market, thus, stands at the cusp of a paradigm shift, poised to redefine the industrial application of liquefied carbon dioxide in the Middle East.
According to 6Wresearch, the Middle East Liquefied Carbon Dioxide Market size is projected to grow at the CAGR of 5% during the forecast period of 2025-2031. One of the primary drivers of the Middle East Liquefied Carbon Dioxide (LCO2) market is the region's robust industrial growth, particularly in sectors such as oil and gas, food processing, and desalination plants. These industries have a high demand for LCO2 for various applications, including enhanced oil recovery (EOR), carbonation in beverages, and as a refrigerant. Additionally, the growing emphasis on reducing carbon emissions across the globe has led to an increased demand for LCO2 in carbon capture, utilization, and storage (CCUS) technologies. Governments in the Middle East are actively investing in these technologies to combat climate change, further propelling the market growth. The strategic geographic location of the Middle East, serving as a critical link between the East and the West, also plays a pivotal role in establishing the region as a key LCO2 supplier to both local and international market. The Liquefied Carbon Dioxide Market in Middle East faces several challenges that could hinder its growth. One significant challenge is the fluctuating prices of crude oil, which have a direct impact on the operational costs of producing LCO2, particularly in the oil and gas sector. This volatility can lead to uncertainty in LCO2 supply and pricing, making it difficult for industries that rely on it to plan and budget effectively. Additionally, political instability in certain parts of the Middle East can disrupt the distribution and supply chains of LCO2, affecting its availability and escalating costs. Furthermore, regulatory issues regarding the storage and transport of LCO2, given its classification as a hazardous material, pose another challenge. Compliance with these regulations requires significant investment in safety and handling procedures, potentially increasing the operational costs for LCO2 producers and suppliers.
Governments across the Middle East have been actively formulating policies and implementing schemes to bolster the growth of the Liquefied Carbon Dioxide market. These initiatives aim to promote sustainable industrial practices and reduce carbon footprints, in line with global environmental targets. For instance, several countries have introduced incentives for carbon capture and utilization (CCU) technologies, offering tax rebates and funding for research and development projects. Additionally, collaborations between governmental bodies and private sectors are being encouraged through public-private partnerships (PPPs), enhancing the infrastructure for Liquefied Carbon Dioxide storage and transportation.
The leading players in the Middle East Liquefied Carbon Dioxide Industry, including Saudi Basic Industries Corporation (SABIC), Qatar Fuel Additives Company Limited (QAFAC), and Emirates Industrial Gases Co. Ltd, are continuously adopting strategies for expansion and innovation. These corporations focus on increasing their market foothold through strategic partnerships, technological advancements, and expanding into new geographic and application areas
The future growth of the Middle East Liquefied Carbon Dioxide market looks promising, as the region continues to see advancements in technology and supportive government policies. The demand for energy-efficient and environmentally friendly alternatives is expected to drive the market further, and players are constantly looking for innovative solutions to meet these demands. In addition to expanding applications in traditional sectors like food and beverage, oil and gas, and chemical industries, there is a growing interest in utilizing Liquefied Carbon Dioxide for new applications such as carbonated drinks and enhanced oil recovery. This diversification of application areas is anticipated to open up new opportunities for market players and further drive the Middle East Liquefied Carbon Dioxide Market Growth.
The natural gas is expected to witness significant growth in the coming years. This can be attributed to the abundance of natural gas reserves in the region and its increasing use as a feedstock for LCO2 production. Moreover, advancements in technologies such as carbon capture and storage (CCS) are making it more economically feasible to produce LCO2 from natural gas. The implementation of these technologies can also help reduce the carbon footprint of the Middle East LCO2 industry, aligning with international efforts towards reducing greenhouse gas emissions.
According to Dhaval, Research Manager, 6Wresearch. the chemical segment is expected to grow significantly in the Middle East Liquefied Carbon Dioxide (LCO2) market. This can be attributed to the increasing demand for LCO2 in various chemical processes, such as pH control, cooling, and inerting. Additionally, LCO2 is used in the production of chemicals like urea, which has a wide range of applications in fertilizers, plastics, and pharmaceuticals.
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 Middle East Liquefied Carbon Dioxide Market Overview |
| 3.1 Middle East Regional Macro Economic Indicators |
| 3.2 Middle East Liquefied Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
| 3.3 Middle East Liquefied Carbon Dioxide Market - Industry Life Cycle |
| 3.4 Middle East Liquefied Carbon Dioxide Market - Porter's Five Forces |
| 3.5 Middle East Liquefied Carbon Dioxide Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Middle East Liquefied Carbon Dioxide Market Revenues & Volume Share, By Sources, 2021 & 2031F |
| 3.7 Middle East Liquefied Carbon Dioxide Market Revenues & Volume Share, By Application , 2021 & 2031F |
| 4 Middle East Liquefied Carbon Dioxide Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Middle East Liquefied Carbon Dioxide Market Trends |
| 6 Saudi Arabia Liquefied Carbon Dioxide Market, 2021-2031 |
| 6.1.1 Saudi Arabia Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 6.1.2 Saudi Arabia Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 7 UAE Liquefied Carbon Dioxide Market, 2021-2031 |
| 7.1 UAE Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 7.2 UAE Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 8 Qatar Liquefied Carbon Dioxide Market, 2021-2031 |
| 8.1 Qatar Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 8.2 Qatar Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 9 Kuwait Liquefied Carbon Dioxide Market, 2021-2031 |
| 9.1 Kuwait Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 9.2 Kuwait Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 10 Oman Liquefied Carbon Dioxide Market, 2021-2031 |
| 10.1 Oman Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 10.2 Oman Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 11 Bahrain Liquefied Carbon Dioxide Market, 2021-2031 |
| 11.1 Bahrain Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 11.2 Bahrain Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 12 Turkey Liquefied Carbon Dioxide Market, 2021-2031 |
| 12.1 Turkey Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 12.2 Turkey Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 13 Rest of Middle East Liquefied Carbon Dioxide Market, 2021-2031 |
| 13.1 Rest of Middle East Liquefied Carbon Dioxide Market, Revenues & Volume, By Sources, 2021-2031 |
| 13.2 Rest of Middle East Liquefied Carbon Dioxide Market, Revenues & Volume, By Application , 2021-2031 |
| 14 Middle East Liquefied Carbon Dioxide Market Key Performance Indicators |
| 15 Middle East Liquefied Carbon Dioxide Market - Opportunity Assessment |
| 15.1 Middle East Liquefied Carbon Dioxide Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Middle East Liquefied Carbon Dioxide Market Opportunity Assessment, By Sources, 2021 & 2031F |
| 15.3 Middle East Liquefied Carbon Dioxide Market Opportunity Assessment, By Application , 2021 & 2031F |
| 16 Middle East Liquefied Carbon Dioxide Market - Competitive Landscape |
| 16.1 Middle East Liquefied Carbon Dioxide Market Revenue Share, By Companies, 2024 |
| 16.2 Middle East Liquefied Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here