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Industrial Carbon Dioxide Market

Industrial Carbon Dioxide Market Size, Share & Trends Analysis Report

Industrial Carbon Dioxide Market Size, Share & Trends Analysis Report By Type (Purity≥99%, Purity≥99.5%, Others), By Application (Automotive Industry, Shipping Industry, Aerospace, Electronics Industry) Based On Region, And Segment Forecasts, 2022 - 2029

Published
Report ID : BMRC 1715
Number of pages : 300
Published Date : Nov 2022
Category : Heavy Industry
Delivery Timeline : 48 hrs

Global Industrial Carbon Dioxide Market is valued at USD 2.93 Billion in 2022 and expected to reach USD 3.96 Billion by 2029 with the CAGR of 4.35% over the forecast period.

Scope of Global Industrial Carbon Dioxide Market

Carbon dioxide market consists of the sales of CO2 by entities that produce CO2 gas in compacted, liquid, and solid forms. Carbon dioxide (CO2) is an odorless, colorless gas with a rather pungent, acid taste. Commercial CO2 is recovered from industrial plants, which produce hydrogen or ammonia from gas, coal and hydrocarbon feedstock. Corn-to-ethanol plants are the foremost rapidly growing source of feed gas for CO2 recovery.

CO2-rich gas reservoirs are another source of recoverable CO2. Carbon dioxide is fundamentally a greenhouse emission, which is crucial for the Earth’s ecosystem and may be recovered from flue gases, as a by-product from the manufacture of hydrogen for ammonia synthesis, from limekilns, and lots of other sources.

Carbon dioxide is utilized in various applications, like inert gas in enhanced oil recovery (EOR), firefighting, carbonation of beverages, freezing & cooling food products. Increased investments in R&D for progressive technologies in EOR and carbon capture & storage (CCS) have led to an increase in the demand for CO2. The destructive impact of carbon dioxide on the environment has resulted in the formulation of various government regulations globally. The increasing concerns regarding the harmful impact of carbon emissions have encouraged carbon-pricing initiatives in several countries of the world.      

During COVID-19 pandemic, demand for carbon dioxide as a cooling agent is relied upon to be significantly determined by the dry ice area, as it is needed for the protected storage and transport of mRNA antibodies. Because of growing rate of vaccination during the continuous COVID-19 emergency, utilization of dry ice for the storage of vaccines has given industrial carbon dioxide manufacturers a tremendous lift. However, due to social distancing norms and lockdown regulations there is a decline in demand for oil & gas as well as the shutting down of industries, such as automobile, semiconductor and consumer electronics, which affected the demand for carbon dioxide from these end users.

Global industrial carbon dioxide market is segmented on the basis of type, application, and region & country level. On the basis of type, the global industrial carbon dioxide market is classified into purity≥99%, purity≥99.5% and others. On the basis of application, the global industrial carbon dioxide market is classified into automotive industry, shipping industry, aerospace and electroncs industry.

The regions covered in global industrial carbon dioxide market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country global industrial carbon dioxide market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Global Industria Carbon Dioxide Market Segmentation

By Type

  • Purity≥9
  • Purity≥99.5%
  • Others

By Application

  • Automotive Industry
  • Shipping Industry
  • Aerospace
  • Electronics Industry

Key Players of Global Industrial Carbon Dioxide Market

Global industrial co2 manufacturing companies are

  • Airgas
  • Linde
  • Continental Carbonic Products
  • Airgas
  • Air Products and Chemicals
  • Air Liquid
  • Messer Group
  • Matheson Tri-Gas
  • SOL Group
  • India Glycols
  • Taiyo Nippon Sanso
  • Hunan Kaimeite Gases
  • Air Water
  • others.

News

Air Liquide Signs Long-Term CO2 Supply Agreement in Australia

On March 9th, 2021; Air Liquide reported that the fresh arrangement between the industrial gas monster and the Gippsland Basin Joint Venture, a 50-50 joint endeavor associating BHP Petroleum Pty Ltd and Esso Australia Resources Pty Ltd. Under the venture plans, Air Liquide will assemble the facility close to the Longford Gas Conditioning Plant which will catch CO2 from its activities and supply it to Air Liquide for purification and re-use. The filtered CO2 will provide to Australian organizations in a wide scope of industries where quality and dependability of supply are a need. Such industries incorporate food, drink, hospitality, desalination, water treatment, manufacturing, and clinical.

Increasing Utilization in Various Industries such as Metal, Chemical & Petroleum, Pharmaceuticals & Other and Growing Healthcare Industry Uses of Industrial-Grade CO2 for Insufflation and as a Respiratory Stimulant to Promote Deep Breathing are Major Factors Driving the Market Growth

One of the major factors driving the growth of global industrial carbon dioxide market is increasing utilization in various industries such as metal, chemical & petroleum, pharmaceuticals & other. Carbon dioxide is one of the main chemical compounds of human, creature, and plant lives, and natural health. carbon dioxide is being utilized in a several of applications in food and processing enterprises due to the valuable characteristics of carbon dioxide in fluid, gas, solid, and supercritical states like non-explosiveness, high volatility, and idleness, non-corrosiveness, cooling capacity and minimal cost. For example; the Tata Groups unit that formulates chemicals in the UK will construct the UK's first industrial-scale carbon capture plant in Northwich, England. This plant is stand-out; it will spend significant time in utilizing the CO2 from the burning of non-renewable energy sources for the food and pharmaceutical industries.

In addition, its growing use in healthcare industry for insufflation and as a respiratory stimulant to promote deep breathing also drives the global industrial carbon dioxide market growth. Clinical carbon dioxide gas is ordinarily blended in with different gases and utilized as a respiratory stimulant. In its pure form, it is utilized for negligibly invasive surgical interventions like arthroscopies and colonoscopies. Right when delivered in a cylinder with a siphon pipe, carbon dioxide is utilized to make dry ice at the clinic or in dental workplaces, which is helps preserve tissues, organs, and blood for storage or shipment.

However, high cost of transportation for carbon dioxide may hamper the global industrial carbon dioxide market growth. In spite of that, increasing advancements in its various industrial applications can provide various opportunities for the further growth of the global industrial carbon dioxide market.

North America is Excepted to Dominate the Global Industrial Carbon Dioxide Market

North America is expected to dominate the growth of global industrial carbon dioxide market due to the rising adoption of oil & gas production & refineries, rising production of carbon dioxide and presence of key players in this region. For instance; according to the American Petroleum Institute; the oil and natural gas industry supports nine million U.S. jobs and makes up 7% of the nation's gross household product. For example; according to the U.S. Energy Information Administration, in 2019, the United States emitted 5.1 billion metric tons of energy-related carbon dioxide, while the global emissions of energy-related carbon dioxide totaled 33.1 billion metric tons.

Frequently Asked Questions (FAQ)

Carbon dioxide is fundamentally a greenhouse emission, which is crucial for the Earth’s ecosystem and may be recovered from flue gases, as a by-product from the manufacture of hydrogen for ammonia synthesis, from limekilns, and lots of other sources. Carbon dioxide is utilized in various applications, like inert gas in enhanced oil recovery (EOR), firefighting, carbonation of beverages, freezing & cooling food products.

Carbon dioxide market consists of the sales of CO2 by entities that produce CO2 gas in compacted, liquid, and solid forms. Carbon dioxide (CO2) is an odorless, colorless gas with a rather pungent, acid taste. Commercial CO2 is recovered from industrial plants, which produce hydrogen or ammonia from gas, coal and hydrocarbon feedstock. Corn-to-ethanol plants are the foremost rapidly growing source of feed gas for CO2 recovery. CO2-rich gas reservoirs are another source of recoverable CO2. Carbon dioxide is fundamentally a greenhouse emission, which is crucial for the Earth’s ecosystem and may be recovered from flue gases, as a by-product from the manufacture of hydrogen for ammonia synthesis, from limekilns, and lots of other sources. Carbon dioxide is utilized in various applications, like inert gas in enhanced oil recovery (EOR), firefighting, carbonation of beverages, freezing & cooling food products. Increased investments in R&D for progressive technologies in EOR and carbon capture & storage (CCS) have led to an increase in the demand for CO2.

Corn-to-ethanol plants are the foremost rapidly growing source of feed gas for CO2 recovery. CO2-rich gas reservoirs are another source of recoverable CO2. Carbon dioxide is fundamentally a greenhouse emission, which is crucial for the Earth’s ecosystem and may be recovered from flue gases, as a by-product from the manufacture of hydrogen for ammonia synthesis, from limekilns, and lots of other sources.

Global Industrial Carbon Dioxide Market is valued at USD 6524.1 Million in 2020 and expected to reach USD 8938.0 Million by 2027 with the CAGR of 4.6% over the forecast period.

By Regional & Country Analysis

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA
Report Analysis Details
Historical data 2015 - 2021
Forecast Period 2021 - 2029
Market Size in 2022: USD 2.93 Billion
Base year considered 2020
Forecast Period CAGR %:

4.6%

Market Size Expected in 2029: USD 3.96 Billion
Tables, Charts & Figures: 175
Pages 300
Key Players/Companies Airgas, Linde, Continental Carbonic Products, Airgas, Air Products and Chemicals, Air Liquid, Messer Group, Matheson Tri-Gas, SOL Group, India Glycols, Taiyo Nippon Sanso, Hunan Kaimeite Gases, Air Water and others.
Segments Covered By Type, By Application
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Type:

  • Purity≥99%
  • Purity≥99.5%
  • Others

By Application:

  • Automotive Industry
  • Shipping Industry
  • Aerospace
  • Electronics Industry
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
Company
Key Players
  • Airgas
  • Linde
  • Continental Carbonic Products
  • Airgas
  • Air Products and Chemicals
  • Air Liquid
  • Messer Group
  • Matheson Tri-Gas
  • SOL Group
  • India Glycols
  • Taiyo Nippon Sanso
  • Hunan Kaimeite Gases
  • Air Water
  • and others.

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