Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, July 1, 2022 · 579,318,388 Articles · 3+ Million Readers

Carbon Dioxide Market to Hit USD 13.65 billion by 2028 | Carbon Dioxide Industry Share, Revenue, Segmentation, Qualitative Insights Report by Fortune Business Insights™

Companies covered in carbon dioxide market are 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), and more players profiled

/EIN News/ -- Pune, India, Dec. 17, 2021 (GLOBE NEWSWIRE) -- The global carbon dioxide market size was USD 10.36 billion in 2020. The market is projected to grow from USD 10.69 billion in 2021 to USD 13.65 billion in 2028 at a CAGR of 3.6% during the 2021-2028 period.

According to our expert researchers, this gas is utilized in numerous industries for several applications that are generally attained during the generation of hydrogen by steam reforming of natural gas or the making of ethanol by the fermentation process.


List of Key Players Covered in this Market Report

  • 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)
  • Other Key Players


Report Coverage

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective.

The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for carbon dioxide in the near future.


Get a Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/carbon-dioxide-market-102866


COVID-19 Impact

Upsurge in Demand from Food Industry during Pandemic to Sustain Market Growth

The current COVID-19 pandemic has resulted in deterioration in global production, diminished formation competences, and numerous impacted nations across the globe. The motionless nature of carbon dioxide manufacturing facilities has resulted in a decline in the production rate. The provisional shutdown of divisions of ethyl alcohol manufacturing factories led to a drop in the accessibility for carbon dioxide across the world.


Segmentation

On the basis of the end-use industry, the market is segregated into food & beverage, oil & gas, metal fabrication, medical, and others.
Amongst these segments, food & beverage accounts for the major share of the carbon dioxide market.

In terms of region, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Drivers and Restraints

Surging Usage in Medical and Food & Beverage Industries to Fuel Development of Market

In the medical industry, CO2 is utilized as an insufflation gas in various applications involving insignificantly aggressive surgery to alleviate body hollows, cryotherapy, as well as respiratory stimulation. The gas is also utilized for tissue freezing, and tooth sensitivity valuation. Moreover, the widespread usage of CO2 in the promptly increasing medical industry is anticipated to power the market growth.


Get Your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/carbon-dioxide-market-102866


Regional Insights

Asia Pacific held the largest carbon dioxide market share and was worth USD 3.80 billion in 2020. Asia Pacific is the biggest and fastest-developing region owing to great demand from food & beverage, and medical industries.

North America is categorized by an increase in demand for oil recovery applications, thus endorsing the usage of this gas in the region.

The market in Europe is to be administered by the utilization of the gas for carbonation of alcoholic and non-alcoholic beverages in the food & beverage industry.


Competitive Landscape

Procurement Engaged by Chief Companies to Support Market Growth

The prominent players in the market repetitively opt for effective tactics to reinforce their brand value as well as endorse the global market growth of the product with confronting least possible hindrances. One such proficient strategy is obtaining competitive companies and further safeguarding financial benefit for both the involved companies.


Key Industry Development

March 2021: Air Liquide got engaged into a contract with the Gippsland Basin Joint Venture, which is an equal joint venture between BHP Petroleum (Bass Strait) Pty Ltd and Esso Australia Resources Pty Ltd, intended for the construction of novel division to provide carbon dioxide to all Australian industries.


Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights – Impact of COVID-19 on Global Carbon Dioxide Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak

TOC Continued…!


Inquire Before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/carbon-dioxide-market-102866


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Emailsales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs


Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release