Carbon Dioxide Product Market Report – 2025 Outlook, Trends, Share, Size & Forecast
MarkNtel Advisors has unveiled its latest research report on the Carbon Dioxide Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Carbon Dioxide industry.
Carbon Dioxide Market Size: 2025 Outlook
The Global Carbon Dioxide Market is estimated to grow at a CAGR of around 4.87% during the forecast period, i.e., 2025-30. The market growth imputes to the unceasing use of urea as a nitrogen fertilizer in the global agriculture industry, making the fertilizer industry one of the key end users of captive carbon dioxide throughout the historical period. As per IEA, global urea consumption accounted for nearly 122 Mt in 2020. Although, in recent years, the annual growth in agriculture production globally has been highly volatile, yet to fulfill the growing population’s food requirements in the coming years.
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📘 Scope of the Report
- Forecasts till 2030 with year-wise market breakdown
- Geographical and segment-level analysis
- Company profiles and strategic insights
- Key market drivers and restraints
- Analysis of market trends and investment opportunities
What’s Driving the Market?
Soaring Usage of Carbon Dioxide in the Food & Beverage Industry: Over the past few years, the global population has significantly risen and has surged the requirements for food & beverage products. According to the United Nations, in 2022, the world population reached approximately 8 billion. Moreover, developing countries in the Asia-Pacific, like India, China, etc., are undergoing urbanization & industrialization due to the evolution plans such as China's 14th Five-Year Plan (2021-2025), India's Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, etc., laid down by their governments.
What’s Holding Back Growth?
Conveyance & Distribution Related Concerns - Carbon Dioxide is generally available in the liquid & gaseous state. However, its transportation occurs in the gaseous state due to atmospheric conditions. CO2 requires specialized handling, infrastructure, and safety measures during transportation, which further increases transportation costs, making it costlier for end-users. Moreover, CO2 pipelines have specific design considerations due to the corrosive nature of CO2 and the need to prevent leaks or seepage during transport. Hence, the lack of infrastructure, like the unavailability of the transportation pipeline in low-developed economies, complicates CO2 transportation, resulting in end-users seeking alternatives like nitrogen and, in turn, impeding the growth of the Global Carbon Dioxide Market.
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Carbon Dioxide Market Segmentation
By Source
- Hydrogen- Market Size & Forecast 2020-2030, Thousand Tons
- Ethyl Alcohol- Market Size & Forecast 2020-2030, Thousand Tons
- Ethylene Oxide- Market Size & Forecast 2020-2030, Thousand Tons
- Substitute Natural Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
By Form
- Solid- Market Size & Forecast 2020-2030, Thousand Tons
- Liquid- Market Size & Forecast 2020-2030, Thousand Tons
- Gas- Market Size & Forecast 2020-2030, Thousand Tons
- By Application
- Food & Beverage- Market Size & Forecast 2020-2030, Thousand Tons
- Chemical Manufacturing- Market Size & Forecast 2020-2030, Thousand Tons
- Oil & Gas- Market Size & Forecast 2020-2030, Thousand Tons
- Medical - Market Size & Forecast 2020-2030, Thousand Tons
- Metal Fabrication- Market Size & Forecast 2020-2030, Thousand Tons
- Firefighting- Market Size & Forecast 2020-2030, Thousand Tons
- Others- Market Size & Forecast 2020-2030, Thousand Tons
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
🏢 Industry Leaders: Who’s Dominating the Carbon Dioxide Market?
The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:
- Air Liquide S.A
- Air Products and Chemicals
- Linde Plc
- Taiyo Nippon Sanso
- Messer Group
- Strandmøllen A / S
- Yara International ASA
- BASF
- Air Water Group
- Reliance Industries Ltd.
- Greco Gas Inc.
- Sicgil India Limited
- SOL Group
- Matheson Tr-Gas, Inc.
These companies are focused on health-based R&D, expansion, and functional ingredient diversification.
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🧠 Frequently Asked Questions (FAQs)
- What are the main drivers of the Carbon Dioxide market?
- Which segment leads the Carbon Dioxide industry?
- What regulatory challenges impact product development?
- Who are the top players in the Carbon Dioxide industry?
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