United States Industrial Carbon Dioxide Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The US Industrial Carbon Dioxide Market plays a critical role in several industries, ranging from food and beverage to healthcare and manufacturing. As one of the most commonly produced gases, carbon dioxide (CO2) is utilized extensively in the form of a refrigerant, a propellant, and a key component in chemical processes. Industrial demand for CO2 is driven primarily by the growth of industries that rely on the gas for various applications, such as the production of soft drinks, preservation of perishable goods, and in welding and metal fabrication.
In recent years, the Industrial Carbon Dioxide Market has experienced considerable growth, with industries like food and beverage seeing an increased requirement for CO2 in carbonation and packaging processes. The demand is also heavily influenced by the expanding production and consumption of carbonated beverages. The agriculture and healthcare sectors rely on CO2 for controlled atmosphere packaging and medical procedures, such as anesthesia or for insufflation in laparoscopic surgeries.
Beyond the food and beverage industries, carbon dioxide is integral to sectors such as oil recovery and chemical manufacturing. Enhanced oil recovery, in which CO2 is injected into oil reservoirs, has become a standard method in the oil and gas industry. Similarly, CO2 is used in the production of chemicals, including urea and other essential chemical compounds, adding to its demand in industrial markets.
Environmental regulations have prompted industries to consider more sustainable sources of CO2, often derived from the byproducts of other industrial processes like ethanol production. This sustainable sourcing has led to the establishment of new CO2 production facilities designed to minimize emissions while meeting the growing market demand.
The continued growth of industries and the expansion of CO2 applications in diverse fields solidify the importance of the US Industrial Carbon Dioxide Market in the national economy. With technological advancements, the efficiency of CO2 use is improving, benefiting both industrial sectors and the environment in the long term.
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Linde
Air Liquid
Air Products and Chemicals
Taiyo Nippon Sanso
Messer Group
India Glycols
SOL Group
Air Water
Hunan Kaimeite Gases
Gulf Cryo
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Industrial Carbon Dioxide Market
Food and Beverage
Oil and Gas
Medical and Pharmaceuticals
Metallurgical Processing
Fire Suppression
Water Treatment
Liquid Carbon Dioxide
Solid Carbon Dioxide (Dry Ice)
Gas Carbon Dioxide
Cylinders
Bulk Supply
Pipelines
Food Grade
Industrial Grade
Medical Grade
Agriculture
Food Processing
Manufacturing
Healthcare
Environmental Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Industrial Carbon Dioxide Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Industrial Carbon Dioxide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Industrial Carbon Dioxide Market, By Type
6. US Industrial Carbon Dioxide Market, By Application
7. US Industrial Carbon Dioxide Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Industrial Carbon Dioxide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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