0

Carbon Dioxide Market by Application, Production area, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 164
  • SKU: IRTNTR71398
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

"The carbon dioxide market is estimated to grow at a CAGR of 4.32%" between 2022 and 2027. The size of the market is forecast to increase by USD 1,916.46 million. The growth of the market depends on serval factors, including carbon dioxide market depends on serval factors, including the rising demand from the oil and gas industry, the increasing number of applications in food and beverages, and advancements in carbon capturing and storage technologies.

This report extensively covers market segmentation by Application (enhanced oil recovery, food and beverages, precipitated calcium carbonate, and others), production area (combustion and biological), and geography (APAC, North America, Europe, Middle East, and Africa, and South America) . It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Carbon Dioxide Market be During the Forecast Period?

Carbon Dioxide Market Size

To learn more about this report, Download Report Sample

Parent Market Analysis

The report categorizes the global carbon dioxide market as part of the global industrial gases market under the global chemicals market. The global industrial gases market covers a variety of categories including basic chemicals, specialty chemicals, petrochemicals, industrial gases, and polymers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Carbon Dioxide Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising demand from the oil and gas industry is notably driving the carbon dioxide market growth, although factors such as the high manufacturing cost may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. Although there was a decrease in demand for carbon dioxide during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Carbon Dioxide Market Driver 

The rising demand from the oil and gas industry is notably driving the carbon dioxide market growth. The oil and gas industry is a key end-user in the global carbon dioxide market. carbon dioxide (CO2) is mainly used for enhancing oil recovery in the oil and gas industry as it is miscible with crude oil and is more cost-effective than other similar miscible fluids. CO2 is poured into the spaces and crevices in rocks to extract the crude oil. Though other similar miscible solvents can be used to pump oil from underground reservoirs, the cost involved is high as they are derivatives of crude oil.

The underground deposits of CO2 are relatively inexpensive. They are preferred by vendors as they are naturally occurring sources and can be extracted in large quantities. The use of CO2 is increasing considerably in the oil and gas industry. The oil and gas industry has been registering significant stagnation since the decline in oil prices in 2020. Major vendors have reduced their expenses, and the key unprofitable projects have been shelved. As a result, there is a supply-demand imbalance in the oil and gas industry. The increased use of nitrogen and CO2 in oil recovery projects along with the high demand for low-sulfur diesel and gasoline, where these gases are used for the sulfur separation process, will foster the growth of the global carbon dioxide market during the forecast period.

Key Carbon Dioxide Market Trend

Carboxytherapy treatment is the primary trend driving the carbon dioxide market growth. Carboxytherapy is a non-surgical cosmetic medicine treatment. This therapy is done by injecting CO2 into the skin to improve the texture of the facial skin and open the skin pores to destroy the fat cells. A liquid form of CO2 and dry ice is used as an agent to remove unwanted skin, thereby increasing the demand for CO2 globally.

The CO2 laser also has various other applications, such as wound closing and destruction of abnormal tissues occurring in oral cavities. Though the technique has existed for many years, CO2 therapy (CDT) or carboxytherapy has recently gained traction in many cosmetic indications, including facial rejuvenation. Rising demand for cosmetic surgical techniques that use CO2 instead of Botox and skin fillers will increase the demand for carbon dioxide during the forecast period.

Key Carbon Dioxide Market Challenge

High manufacturing cost is the major challenge impeding the carbon dioxide market growth. Although CO2 is abundant in nature, the setting up of air separation plants for producing this gas requires heavy investments. Factors such as the volatility in raw material prices, the rising cost of products, and the mode of packaging reduce the profit margins of vendors, thereby posing a threat to medium and small vendors. The separation of carbon dioxide from atmospheric gases is an energy-intensive process and results in the separation of nitrogen, hydrogen, and oxygen.

The distribution cost, production cost, packaging cost, and storage costs are considered to arrive at the final price of carbon dioxide gas. Vendors are shifting to tonnage distribution for maximum utilization of the existing capacities and are focusing on offering large volumes of industrial gases and reducing their variable costs. Tonnage distribution causes demand lag, but vendors are unable to maintain a balanced mix of distribution to ensure maximum consumer reach. Factors such as variations in energy prices, rising labor costs, and other expenses pose a threat to carbon dioxide vendors. Such factors are expected to hamper the growth of the global carbon dioxide market during the forecast period.

Key Carbon Dioxide Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Carbon Dioxide Market Share by Geography

Global Carbon Dioxide Market Customer Landscape

Who are the Major Carbon Dioxide Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market

Taiyo Nippon Sanso Corp. - The company offers carbon dioxide for steel and non-ferrous metal refining, glass, ceramics, cement, paper, and other materials under its gas business segment as key offerings. Through this segment, the company also provides oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, acetylene, gas-related equipment, and specialty gases in Japan. Additionally, it provides electronics-related equipment and installation, semiconductor manufacturing equipment, cutting and welding equipment, welding materials, plants, and machinery in the country.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Acail Gas
  • Air Products and Chemicals Inc.
  • Axcel Gases
  • Bosco India
  • Buzwair Group
  • Ellenbarrie Industrial Gases Ltd.
  • Gulf Cryo Holding CSC
  • India Glycols Ltd.
  • Kanoria Chemicals and Industries
  • Linde Plc
  • Messer SE and Co. KGaA
  • Mitsubishi Heavy Industries Ltd.
  • Salasar Carbonics Pvt. Ltd.
  • Sicgil India Ltd.
  • SOL Spa
  • Sri Venkateswara Carbonic Gases
  • Steelman Gases Pvt. Ltd.
  • Strandmollen AS
  • Taiyo Nippon Sanso Corp.
  • Universal Industrial Gases Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Revenue-generating Application Segments in the Carbon Dioxide Market?

The market share growth by the enhanced oil recovery segment will be significant during the forecast period. Carbon dioxide is used for enhancing oil recovery when the production of oil slows down in oilfields. This can happen for various reasons, such as a pressure drop in the oilfield, which stops the oil from moving to the production well, or the presence of thick oil in reservoirs, which restricts their flow. Many studies show that this process of injecting carbon dioxide for enhanced oil recovery can help in reducing the CO2 present in the environment, basically called carbon-negative oil. Such initiatives will increase the adoption of carbon dioxide in enhancing oil recovery.

Carbon Dioxide Market Size

Get a glance at the market contribution of various segments  Request a PDF Sample

The enhanced oil recovery segment showed a gradual increase in the market share with USD 4,477.41 million in 2017 and continued to grow by 2021. In oil recovery applications, compressed carbon dioxide is injected into an oil reservoir. It acts as a solvent that helps in oil expansion and ensures the easy flow of oil into production wells. For instance, at Weyburn oilfields, carbon dioxide is injected at several injection wells. After the injection of carbon dioxide, the wells are injected with water so that the oil can expand and flow easily. The pressure in the reservoir increases and flushes out the oil into the production wells.

The growth of this segment is primarily attributed to the increasing adoption of carbon dioxide, which is driven by an increase in the global demand for the carbon dioxide industry.

Which are the Key Regions for Carbon Dioxide Market?

Carbon Dioxide Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

APAC is projected to contribute 61% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In APAC, the use of carbon dioxide is increasing, primarily in food processing and beverage carbonation applications. In China and India, the surge in the use of carbon dioxide in food processing and beverage carbonation can be attributed to the ever-rising population and the thriving food industry. For example, China is one of the largest markets for carbon dioxide use globally, owing to the large number of food exports from the country, which require carbon dioxide for preservation.

According to the World Bank, food exports from China increased from 7.6% of the total exported merchandise to 9.1% from 2010 to 2021, which is increasing the demand for carbon dioxide. Hence, the abovementioned factors are expected to drive the growth of the regional carbon dioxide market during the forecast period.

In 2020 and 2021, the COVID-19 pandemic negatively affected the carbon dioxide market in APAC. Moreover, the restrictions on trade activities during H1 2020 negatively impacted the supply chain in the regional carbon dioxide market, which affected its growth negatively. However, the resumption of end-user industries, including oil and gas, food and beverage, chemical, and others following the initiation of large-scale COVID-19 vaccination programs in the second half of 2021 helped the market recover in 2021 and 2022. Such factors are expected to drive the growth of the regional carbon dioxide market during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

  • Deployment Outlook ( USD Million, 2017 - 2027)
    • Enhanced oil recovery
    • Food and beverages
    • Precipitated calcium carbonate
    • Other
  • Application Outlook ( USD Million, 2017 - 2027)
    • Combustion 
    • Biological
  • Region Outlook ( USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Carbon Dioxide Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.32%

Market growth 2023-2027

$ 1,916.46 million

Market structure

Fragmented

YoY growth (%)

3.24

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 61%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Acail Gas, Air Products and Chemicals Inc., Axcel Gases, Bosco India, Buzwair Group, Ellenbarrie Industrial Gases Ltd., Gulf Cryo Holding CSC, India Glycols Ltd., Kanoria Chemicals and Industries, Linde Plc, Messer SE and Co. KGaA, Mitsubishi Heavy Industries Ltd., Salasar Carbonics Pvt. Ltd., Sicgil India Ltd., SOL Spa, Sri Venkateswara Carbonic Gases, Steelman Gases Pvt. Ltd., Strandmollen AS, Taiyo Nippon Sanso Corp., and Universal Industrial Gases Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Carbon Dioxide Market Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the carbon dioxide market size and its contribution of the market in focus to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behavior
  • Growth of the carbon dioxide market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive details of factors that will challenge the growth of carbon dioxide market vendors

 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Production Area
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global carbon dioxide market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global carbon dioxide market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Production Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Production Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Enhanced oil recovery - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Enhanced oil recovery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Enhanced oil recovery - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Enhanced oil recovery - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Enhanced oil recovery - Year-over-year growth 2022-2027 (%)
    • 6.4 Food and beverages - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
    • 6.5 Precipitated calcium carbonate - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Precipitated calcium carbonate - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Precipitated calcium carbonate - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Precipitated calcium carbonate - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Precipitated calcium carbonate - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)

    7 Market Segmentation by Production Area

    • 7.1 Market segments
      • Exhibit 51: Chart on Production Area - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Production Area - Market share 2022-2027 (%)
    • 7.2 Comparison by Production Area
      • Exhibit 53: Chart on Comparison by Production Area
      • Exhibit 54: Data Table on Comparison by Production Area
    • 7.3 Combustion - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Combustion - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Combustion - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Combustion - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Combustion - Year-over-year growth 2022-2027 (%)
    • 7.4 Biological - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Biological - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Biological - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Biological - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Biological - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Production Area
      • Exhibit 63: Market opportunity by Production Area ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Acail Gas
              • Exhibit 116: Acail Gas - Overview
              • Exhibit 117: Acail Gas - Product / Service
              • Exhibit 118: Acail Gas - Key offerings
            • 12.4 Air Products and Chemicals Inc.
              • Exhibit 119: Air Products and Chemicals Inc. - Overview
              • Exhibit 120: Air Products and Chemicals Inc. - Business segments
              • Exhibit 121: Air Products and Chemicals Inc. - Key news
              • Exhibit 122: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 123: Air Products and Chemicals Inc. - Segment focus
            • 12.5 Axcel Gases
              • Exhibit 124: Axcel Gases - Overview
              • Exhibit 125: Axcel Gases - Product / Service
              • Exhibit 126: Axcel Gases - Key offerings
            • 12.6 Buzwair Group
              • Exhibit 127: Buzwair Group - Overview
              • Exhibit 128: Buzwair Group - Product / Service
              • Exhibit 129: Buzwair Group - Key offerings
            • 12.7 Ellenbarrie Industrial Gases Ltd.
              • Exhibit 130: Ellenbarrie Industrial Gases Ltd. - Overview
              • Exhibit 131: Ellenbarrie Industrial Gases Ltd. - Product / Service
              • Exhibit 132: Ellenbarrie Industrial Gases Ltd. - Key offerings
            • 12.8 Gulf Cryo Holding CSC
              • Exhibit 133: Gulf Cryo Holding CSC - Overview
              • Exhibit 134: Gulf Cryo Holding CSC - Product / Service
              • Exhibit 135: Gulf Cryo Holding CSC - Key offerings
            • 12.9 India Glycols Ltd.
              • Exhibit 136: India Glycols Ltd. - Overview
              • Exhibit 137: India Glycols Ltd. - Business segments
              • Exhibit 138: India Glycols Ltd. - Key offerings
              • Exhibit 139: India Glycols Ltd. - Segment focus
            • 12.10 Kanoria Chemicals and Industries
              • Exhibit 140: Kanoria Chemicals and Industries - Overview
              • Exhibit 141: Kanoria Chemicals and Industries - Business segments
              • Exhibit 142: Kanoria Chemicals and Industries - Key offerings
              • Exhibit 143: Kanoria Chemicals and Industries - Segment focus
            • 12.11 Linde Plc
              • Exhibit 144: Linde Plc - Overview
              • Exhibit 145: Linde Plc - Business segments
              • Exhibit 146: Linde Plc - Key news
              • Exhibit 147: Linde Plc - Key offerings
              • Exhibit 148: Linde Plc - Segment focus
            • 12.12 Messer SE and Co. KGaA
              • Exhibit 149: Messer SE and Co. KGaA - Overview
              • Exhibit 150: Messer SE and Co. KGaA - Product / Service
              • Exhibit 151: Messer SE and Co. KGaA - Key offerings
            • 12.13 Mitsubishi Heavy Industries Ltd.
              • Exhibit 152: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 153: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 154: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 155: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 156: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.14 Sicgil India Ltd.
              • Exhibit 157: Sicgil India Ltd. - Overview
              • Exhibit 158: Sicgil India Ltd. - Product / Service
              • Exhibit 159: Sicgil India Ltd. - Key offerings
            • 12.15 SOL Spa
              • Exhibit 160: SOL Spa - Overview
              • Exhibit 161: SOL Spa - Business segments
              • Exhibit 162: SOL Spa - Key offerings
              • Exhibit 163: SOL Spa - Segment focus
            • 12.16 Strandmollen AS
              • Exhibit 164: Strandmollen AS - Overview
              • Exhibit 165: Strandmollen AS - Product / Service
              • Exhibit 166: Strandmollen AS - Key offerings
            • 12.17 Taiyo Nippon Sanso Corp.
              • Exhibit 167: Taiyo Nippon Sanso Corp. - Overview
              • Exhibit 168: Taiyo Nippon Sanso Corp. - Business segments
              • Exhibit 169: Taiyo Nippon Sanso Corp. - Key offerings
              • Exhibit 170: Taiyo Nippon Sanso Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Carbon Dioxide market growth will increase by $1916.46 million during 2023-2027.
              The carbon dioxide market is expected to grow at a CAGR of 4.32% during 2023-2027.
              Technavio has segmented the carbon dioxide market by application (Enhanced oil recovery, Food and beverages, Precipitated calcium carbonate, and Others) ,production area (Combustion, Biological, Precipitated calcium carbonate, and Others) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              Acail Gas, Air Products and Chemicals Inc., Axcel Gases, Bosco India, Buzwair Group, Ellenbarrie Industrial Gases Ltd., Gulf Cryo Holding CSC, India Glycols Ltd., Kanoria Chemicals and Industries, Linde Plc, Messer SE and Co. KGaA, Mitsubishi Heavy Industries Ltd., Salasar Carbonics Pvt. Ltd., Sicgil India Ltd., SOL Spa, Sri Venkateswara Carbonic Gases, Steelman Gases Pvt. Ltd., Strandmollen AS, Taiyo Nippon Sanso Corp., Universal Industrial Gases Inc. are a few of the key vendors in the carbon dioxide market.
              APAC will register the highest growth rate of 60.86% among the other regions. Therefore, the carbon dioxide market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • India
              • Japan
              • Germany
              The key factors driving the carbon dioxide market growth are:
              • Rising demand in oil and gas industry
              • Increase in R and D activities for new applications
              The carbon dioxide market vendors should focus on grabbing business opportunities from the enhanced oil recovery segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>