Conventional Liquid Carbon Dioxide Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 2.8 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
The South Korea Conventional Liquid Carbon Dioxide Market has witnessed significant growth in recent years, driven by increasing demand across various industries. Liquid carbon dioxide (CO2) is an essential commodity used in a wide range of applications, from food preservation to chemical processing, and its importance continues to rise. The market’s growth is directly linked to the country’s industrial needs, with particular focus on manufacturing sectors and emerging technologies that require CO2 for operations.
In South Korea, industries like food and beverage, pharmaceuticals, and oil and gas heavily rely on conventional liquid CO2. In food processing, CO2 plays a crucial role in carbonation, refrigeration, and preservation, allowing products to maintain freshness for longer periods. The pharmaceutical industry uses liquid CO2 in various medical and chemical processes, including the production of drugs and medical gases, highlighting its significance in ensuring public health safety.
The growing requirement for liquid CO2 also stems from its adoption in the production of dry ice, a key component in logistics and transportation for perishable goods. Moreover, the oil and gas industry uses CO2 for enhanced oil recovery techniques, which have become more prevalent as companies look for cost-effective ways to boost production.
Environmental concerns have further driven the demand for conventional liquid CO2. The ability of liquid CO2 to be recycled and reused in different industries makes it an attractive option for industries aiming to reduce their carbon footprint. This emphasis on sustainability aligns with South Korea’s broader environmental goals, further pushing the need for efficient CO2 use and management.
The South Korean government’s policies also support the growth of the Conventional Liquid Carbon Dioxide Market by providing incentives for companies investing in cleaner technologies. With advancements in CO2 capture and storage technologies, industries are not only benefiting from the availability of liquid CO2 but also contributing to a more sustainable future.
As industries continue to evolve and prioritize both innovation and sustainability, the demand for conventional liquid CO2 is expected to grow steadily, ensuring that the South Korean market remains a key player in the global CO2 industry.
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Linde
Air Products and Chemicals
Continental Carbonic Products
Matheson Tri-Gas
India Glycols
SOL Group
Taiyo Nippon Sanso
Hubei Kailong Chemical Group
Hunan Kaimeite Gases
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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 South Korea Conventional Liquid Carbon Dioxide Market
Food and Beverage Industry
Chemicals Production
Healthcare Sector
Metal Fabrication
Water Treatment
Food Processing
Beverage Manufacturing
Pharmaceutical Companies
Aerospace Industry
Metalworking Industries
Bulk Transport
Cylinders and Tanks
On-site Production
Food-Grade CO2
Industrial-Grade CO2
Medical-Grade CO2
Direct Sales
Distributors and Resellers
Online Sales
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Conventional Liquid Carbon Dioxide Market Research Analysis
1. Introduction of the South Korea Conventional 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. South Korea Conventional Liquid Carbon Dioxide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Conventional Liquid Carbon Dioxide Market, By Type
6. South Korea Conventional Liquid Carbon Dioxide Market, By Application
7. South Korea Conventional Liquid Carbon Dioxide Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Conventional Liquid Carbon Dioxide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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