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Carbon Dioxide Market

Published Date : Apr 2024 | Forecast Year : 2020

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Carbon Dioxide Market Size, Share, Industry Analysis by Production(Combustion, Biological) By Delivery (Centralized, Pipelines, Trucks, Cylinders, Onsite), By End Use(Metal Manufacturing & Fabrication, Food & Beverages, Pulp & Paper, Oil & Gas) Growth, Trends, Regional Outlook, and Forecast 2023-2032

Report ID: AG34

Published : Apr 2024

Pages : 189

Category : Chemical & Material

Format : Carbon Dioxide Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD US$ 4.5
MARKET SIZE (2023)USD US$ 1.80
CAGR (2023-2029)8.4%
HISTORIC YEAR2020
BASE YEAR2023
FORECAST YEAR2032
BY TYPECombustion
Biological
BY APPLICATIONCentralized
Pipelines
Trucks
Cylinders
Onsite
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSLinde Group, Air Liquide, Praxair Inc., Air Products and Chemicals Inc., Gulf Cryo, Dubai Industrial Gases, Mohsin Haider Darwish LLC, Yateem Oxygen, ERCO Worldwide, Acail Gás, Air Products and Chemicals, Inc., Greco Gas Inc., Linde AG, Messer Group, Sicgil India Limited, SOL Group, Strandmøllen A/S, Taiyo Nippon Sanso Corporation., Linde plc (Ireland), Air Products and Chemicals, Inc. (U.S.), Air Liquide (France), Sicgil India Limited (India), Matheson Tri-Gas, Inc.(U.S.), Universal Industrial Gases, Inc.(U.S.), The Messer Group GmbH (Germany), SOL Spa (Italy), POET, LLC(U.S.), Reliant Gases(U.S.), India Glycols Limited (India), Iwatani Corporation, Messer SE & Co. KGaA, SOL Spa, Reliant Gases, China Petroleum & Chemical Corp (Sinopec), PetroChina Company Limited, NGK Spark Plug Co, Ltd., Taiyo Nippon Sanso, Oxair, Yingde Gas Group Co. Ltd., the Linde Group, Core Industrial Gases, Supagas.

The global carbon dioxide market is projected to be worth US$ 4.5 billion by the end of 2032, ascending from US$ 1.80 billion in 2023. This is because worldwide demand for carbon dioxide is forecasted to increase at a noteworthy CAGR of 8.4% through 2032. This report provides a deep insight into the global Carbon Dioxide market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Carbon Dioxide Market

Size, by Product, - (USD Billion)

Combustion

Biological

Other Products

8.4

The Market will Grow

At the CAGR of:

8.4%

The Forecast Market

Size for in USD:

$US$ 4.5

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Companies

Linde Group

Air Liquide

Praxair Inc.

Air Products and Chemicals Inc.

Gulf Cryo

Dubai Industrial Gases

Mohsin Haider Darwish LLC

Yateem Oxygen

ERCO Worldwide

Acail Gás

Air Products and Chemicals, Inc.

Greco Gas Inc.

Linde AG

Messer Group

Sicgil India Limited

SOL Group

Strandmøllen A/S

Taiyo Nippon Sanso Corporation.

Linde plc (Ireland)

Air Products and Chemicals, Inc. (U.S.)

Air Liquide (France)

Sicgil India Limited (India)

Matheson Tri-Gas, Inc.(U.S.)

Universal Industrial Gases, Inc.(U.S.)

The Messer Group GmbH (Germany)

SOL Spa (Italy)

POET, LLC(U.S.)

Reliant Gases(U.S.)

India Glycols Limited (India)

Iwatani Corporation

Messer SE & Co. KGaA

SOL Spa

Reliant Gases

China Petroleum & Chemical Corp (Sinopec)

PetroChina Company Limited

NGK Spark Plug Co, Ltd.

Taiyo Nippon Sanso

Oxair

Yingde Gas Group Co. Ltd.

the Linde Group

Core Industrial Gases

Supagas 

Carbon Dioxide Market

Share, by end user, (USD Billion)

Analytica Global US$ 1.80 %

Centralized

Pipelines

Trucks

Cylinders

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

US$ 4.5

Total Market Size

USD (Billion),

8.4%

CAGR

-

Global Carbon Dioxides Market Segments

By Production :

Combustion

Biological

By Delivery :

Centralized

Pipelines

Trucks

Cylinders

Onsite

By End Use :

Metal Manufacturing & Fabrication

Food & Beverages

Pulp & Paper

Oil & Gas

Healthcare

Chemicals

Here are some of the prominent geographies covered in detail:

1. North America: Large economies like the United States and Canada are covered in this region.

2. Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.

3. Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.

4. Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.

5. Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.

6. Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analyzed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behavior in these regions.

Carbon Dioxide Market Opportunity

  1. Carbon Capture and Storage (CCS): With growing concerns about greenhouse gas emissions, there is an increasing demand for technologies that capture CO2 emissions from industrial processes and power plants and store them underground. Companies developing CCS technologies and infrastructure have a significant opportunity in this market.
  2. Carbon Utilization: Instead of simply storing captured CO2 underground, there's a growing interest in utilizing CO2 as a resource. This includes using CO2 to manufacture chemicals, fuels, plastics, and construction materials. Companies involved in carbon utilization technologies can capitalize on this growing market.
  3. Renewable Energy: The shift towards renewable energy sources such as solar and wind power creates opportunities for companies involved in CO2 capture and utilization. Renewable energy technologies often require innovative solutions for managing intermittent power generation, and CO2 utilization can provide a way to store excess energy in chemical form.
  4. Carbon Offsetting: As companies and individuals seek to reduce their carbon footprints, there is a growing demand for carbon offset projects. These projects involve activities such as reforestation, afforestation, and investing in renewable energy to offset CO2 emissions. Companies that develop and manage carbon offset projects can find lucrative opportunities in this market.
  5. Carbon Trading: Carbon trading markets, such as emissions trading schemes and carbon credit markets, provide opportunities for companies to buy and sell carbon credits. These markets create financial incentives for companies to reduce emissions and invest in carbon reduction projects. Companies that provide carbon trading platforms, consulting services, and carbon accounting software can benefit from this market.

Carbon Dioxide Market trends

  1. Increasing Demand for Carbon Capture and Storage (CCS): Governments, industries, and investors are increasingly focusing on CCS technologies to mitigate greenhouse gas emissions. This trend is driven by regulatory pressures, corporate sustainability goals, and growing awareness of climate change.
  2. Rise of Carbon Utilization Technologies: There's a growing interest in utilizing captured CO2 as a feedstock for various products, including chemicals, fuels, and construction materials. Innovations in carbon utilization technologies are gaining traction as industries seek sustainable alternatives to traditional production methods.
  3. Expanding Renewable Energy Sector: The rapid growth of renewable energy sources, such as wind and solar power, is driving demand for CO2 capture and utilization technologies. These technologies play a crucial role in balancing intermittent renewable energy generation and enabling energy storage solutions.
  4. Emergence of Carbon Offsetting Markets: Carbon offsetting markets are experiencing significant growth as companies and individuals seek to offset their carbon footprints. This trend is fueled by the implementation of carbon pricing mechanisms, corporate sustainability initiatives, and consumer demand for eco-friendly products and services.
  5. Investment in Carbon Removal Technologies: There's increasing investment and research focus on carbon removal technologies, including direct air capture (DAC), bioenergy with carbon capture and storage (BECCS), and natural climate solutions. These technologies are seen as essential for achieving net-zero emissions goals and addressing the challenges of climate change.
  6. Carbon Pricing and Regulatory Developments: Governments worldwide are implementing carbon pricing mechanisms, such as carbon taxes and emissions trading schemes, to incentivize emissions reduction. These regulatory developments are shaping market dynamics and driving investment in low-carbon technologies and solutions.

Carbon Dioxide Key Takeaways

  1. Growing Awareness of Climate Change: The increasing recognition of climate change as a global challenge is driving demand for solutions to reduce CO2 emissions and mitigate their impact on the environment.
  2. Regulatory Pressures: Governments worldwide are implementing regulations and policies to curb CO2 emissions, including carbon pricing mechanisms, emissions reduction targets, and incentives for carbon capture and storage technologies.
  3. Market Opportunities: The CO2 market offers diverse opportunities across sectors such as carbon capture and storage, carbon utilization, renewable energy, carbon offsetting, carbon trading, and carbon removal technologies.
  4. Technological Innovation: There's ongoing innovation in CO2 capture, utilization, and storage technologies, as well as advancements in renewable energy, carbon removal, and carbon management solutions.
  5. Corporate Sustainability: Companies are increasingly integrating carbon management strategies into their business operations to align with sustainability goals, meet regulatory requirements, and address stakeholder expectations.
  6. Investment Trends: There's growing investment in low-carbon technologies, renewable energy projects, carbon offset initiatives, and carbon removal technologies, driven by financial incentives, corporate commitments, and climate-related risks.

    Carbon Dioxide Market

    Size, by Product, - (USD Billion)

    NORTH AMERICA 24

    The Market will Grow

    At the CAGR of:

    8.4%

    The Forecast Market

    Size for in USD:

    $US$ 4.5

    b0d51e3055fd6f23ff6a384a6e091406.svg

Carbon Dioxide Recent developments

  1. Advancements in Carbon Capture Technologies: There have been significant advancements in carbon capture technologies, including improvements in efficiency, cost-effectiveness, and scalability. Innovative approaches such as solid sorbents, membrane-based systems, and chemical looping are being explored to capture CO2 emissions from industrial processes and power plants.
  2. Expansion of Carbon Utilization Applications: The application of captured CO2 as a feedstock for various products is expanding rapidly. Recent developments include the production of synthetic fuels, chemicals, plastics, and building materials using CO2 as a raw material. These advancements are driving the commercialization of carbon utilization technologies and creating new market opportunities.
  3. Growing Investment in Carbon Removal Technologies: There's increasing investment in carbon removal technologies, such as direct air capture (DAC), bioenergy with carbon capture and storage (BECCS), and nature-based solutions. Startups and research institutions are developing innovative approaches to remove CO2 from the atmosphere and store it permanently, with a focus on scalability and cost-effectiveness.
  4. Integration of Carbon Management in Corporate Strategies: Companies are increasingly incorporating carbon management strategies into their business operations and long-term planning. This includes setting science-based emissions reduction targets, investing in renewable energy and energy efficiency initiatives, and disclosing carbon emissions data to stakeholders.
  5. Carbon Offsetting Market Growth: The carbon offsetting market is experiencing rapid growth, driven by corporate sustainability commitments, regulatory requirements, and consumer demand for eco-friendly products and services. Companies are investing in carbon offset projects, such as reforestation, renewable energy, and methane capture, to compensate for their carbon emissions and achieve carbon neutrality.

Carbon Dioxide Market Challenges

  1. Cost of Carbon Capture and Storage (CCS): The high cost of CCS technologies remains a major barrier to widespread adoption. Capturing CO2 from industrial processes and power plants, transporting it, and storing it underground requires significant investment, making CCS projects economically challenging without sufficient financial incentives or regulatory support.
  2. Technological Maturity and Scale-Up: Many carbon capture and utilization technologies are still in the early stages of development and lack scalability. Achieving commercial-scale deployment of these technologies requires further research, development, and demonstration to address technical challenges, optimize processes, and reduce costs.
  3. Energy Intensity and Efficiency: Some carbon capture technologies consume a considerable amount of energy, reducing the overall efficiency of industrial processes or power generation. Balancing the energy requirements of carbon capture with the energy demands of the operation poses a significant challenge, particularly in sectors with high energy intensity.
  4. Carbon Utilization Market Viability: While there's growing interest in utilizing captured CO2 as a feedstock for various products, the market viability of carbon utilization remains uncertain. Challenges include competing with existing, lower-cost feedstocks, ensuring the quality and consistency of CO2 feedstock, and creating value-added products that meet market demand.
  5. Policy and Regulatory Uncertainty: Uncertainty surrounding carbon pricing mechanisms, emissions regulations, and government policies creates challenges for businesses planning long-term investments in carbon reduction technologies. Inconsistent or changing regulatory frameworks can hinder market development and deter investment in low-carbon solutions.
  6. Infrastructure Development: Building the necessary infrastructure for CO2 capture, transportation, and storage requires significant investment and coordination among stakeholders. Lack of infrastructure, such as CO2 pipelines and storage sites, can impede the deployment of CCS projects and limit their effectiveness in reducing emissions.

    Carbon Dioxide Market TO (USD BN)

    Carbon Dioxide Market

    CAGR OF

    8.4%

    Carbon Dioxide Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global US$ 4.5 billion %

Carbon Dioxide Market Conclusion

In conclusion, the carbon dioxide (CO2) market presents both opportunities and challenges as the world strives to address the urgent issue of climate change. While the market offers various avenues for mitigating CO2 emissions, transitioning to a low-carbon economy, and fostering sustainable development, significant barriers must be overcome to realize its full potential.

 

Carbon Dioxide Market - Global Outlook & Forecast -

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