Industrial Grade Liquid Carbon Dioxide Market was valued at USD 6.5 Billion in 2022 and is projected to reach USD 9.3 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
The Industrial Grade Liquid Carbon Dioxide (CO2) market has witnessed significant shifts between 2018 and 2022, with fluctuating demand driven by key industries such as food and beverage, chemical manufacturing, and healthcare. Throughout this period, global demand for CO2 was largely influenced by the rise in industrial applications, especially in food preservation and carbonated beverages. However, the market faced challenges, such as supply chain disruptions and fluctuating energy prices, which hindered consistent growth. During this period, CO2 production was concentrated in regions with strong infrastructure, such as North America and Europe, with emerging markets in Asia showing rising demand, particularly in countries like China and India.
From 2023 to 2033, the demand for Industrial Grade Liquid Carbon Dioxide is projected to increase significantly, driven by continued growth in food packaging and the increasing adoption of CO2 in enhanced oil recovery (EOR) and carbon capture technologies. The global market is expected to see a surge in demand as industries align with stricter environmental regulations, requiring CO2 utilization for both industrial and sustainable practices. The growth of the renewable energy sector and increasing demand for sustainable processes will further support the expansion of the CO2 market, as this gas plays a crucial role in reducing the carbon footprint of industrial operations.
The expansion of the Industrial Grade Liquid Carbon Dioxide market can also be attributed to rising awareness regarding its applications in dry ice production, which is essential for the logistics and transportation of perishable goods. Additionally, the increasing number of industries utilizing CO2 in advanced manufacturing techniques, such as welding and metal fabrication, will be a key factor in driving demand. Countries like the United States and Germany are expected to remain dominant players, with the global market gradually seeing increased participation from developing nations.
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Linde
Continental Carbonic
UBE INDUSTRIES
SABIC
NIPPON SHOKUBAI
Jihua Beifang Huaxue
Shaanxi Yulong Gas
Huizhou Huadatong Gas
Ningxia Tonghui Gas
Henan Xinlianxin Chemicals
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 Global Industrial Grade Liquid Carbon Dioxide Market
Chemicals
Welding
Agricultural Crops
Casting Industry
Others
Based on Types the Market is categorized into Below types that held the largest Industrial Grade Liquid Carbon Dioxide market share In 2023.
0.99
0.995
0.998
Others
Global (United States, Global 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 Global Industrial Grade Liquid 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. Global Industrial Grade Liquid Carbon Dioxide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Grade Liquid Carbon Dioxide Market, By Type
6. Global Industrial Grade Liquid Carbon Dioxide Market, By Application
7. Global Industrial Grade Liquid Carbon Dioxide Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Grade Liquid Carbon Dioxide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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