Market Insights and Analysis: Global Carbon Dioxide Market Overview and Projections (2023-2028)
The Global Carbon Dioxide Market is estimated to grow at a CAGR of around 4.87% during the forecast period, i.e., 2023-28. 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.
Top leading companies in the Global Carbon Dioxide Market includes:
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, and Reliance Industries Ltd., Others.
Global Carbon Dioxide Market Challenge
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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Report Segmentation:
The market is categorized into the following segments in the report:
By Source
-Merchant Liquid & Solid- Market Size & Forecast 2018-2028, (Thousand Tons)
By Application
-Food
-Beverage
-Chemical Manufacturing
-Enhanced Oil Recovery
-Metal Working and Others
-Merchant Gaseous- Market Size & Forecast 2018-2028, (Thousand Tons)
By Application
-Enhanced Oil Recovery
-Chemical Manufacturing
-Agriculture
-Fire Suppression
-Others
-Captive- Market Size & Forecast 2018-2028, (Thousand Tons)
By Application
-Enhanced Oil Recovery
-Fertilizers Production (Urea, etc.)
-Others.
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Global Carbon Dioxide Market Geographic Reach:
The Geographic Reach of the Global Carbon Dioxide Market evaluates the spread and significance of Global Carbon Dioxide market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada
- Europe: The UK, Germany, France, The Netherlands, Italy, Spain, Nordic Region, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Indonesia, Australia, Rest of Asia Pacific
- Latin America: Mexico, Brazil, Argentina, Chile, Rest of South America
- Middle East & Africa: The UAE, Saudi Arabia, Kuwait, Oman, Qatar, & Bahrain, Egypt, South Africa, Rest of the Middle East & Africa.
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