Industrial Grade Carbon Dioxide Market Revenue was valued at USD 3.2 Billion in 2024 and is estimated to reach USD 5.1 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
The global Industrial Grade Carbon Dioxide market was valued at approximately USD 12.1 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2030. This growth is attributed to the increasing demand for industrial gases in sectors like food and beverages, oil and gas, and healthcare, where CO2 plays a crucial role. The markets expansion is also driven by the growing focus on sustainable practices, including carbon capture and utilization technologies. The Asia Pacific region holds the largest market share, with China and India driving the demand due to rapid industrialization and urbanization, which are expected to contribute to the region’s continued dominance in the coming years. North America and Europe also represent significant portions of the market, with the North American region expected to see a steady growth rate due to advancements in CO2 utilization across various industries. Europe’s market is driven by the implementation of stringent environmental regulations promoting the use of cleaner industrial gases. Latin America and the Middle East & Africa markets are witnessing gradual growth, with emerging opportunities in the oil and gas industries and food preservation. The market dynamics in these regions will be influenced by the increasing adoption of industrial CO2 for enhanced oil recovery and its growing use in carbonated drinks. The global Industrial Grade Carbon Dioxide market is poised for steady growth, with ample opportunities in both developed and emerging markets.
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Linde
Airgas
Air Products and Chemicals
Continental Carbonic Products
Matheson Tri-Gas
Air Liquid
Messer Group
Glycols
SOL Group
Taiyo Nippon Sanso
Air Water
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. 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 Carbon Dioxide Market
Food and Beverage
Pharmaceuticals
Chemicals
Metal Fabrication
Agriculture
Gas for Carbonation
Welding and Metal Cutting
Greenhouse Enrichment
Refrigeration
Food Preservation
Direct Sales
Distributors and Wholesalers
Online Retailing
Specialized Gas Suppliers
Industrial Gas Companies
Liquid Carbon Dioxide
Gaseous Carbon Dioxide
Dry Ice
Food Grade CO2
Industrial Grade CO2
Technical Grade CO2
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 Global Industrial Grade 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 Carbon Dioxide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Grade Carbon Dioxide Market, By Type
6. Global Industrial Grade Carbon Dioxide Market, By Application
7. Global Industrial Grade Carbon Dioxide Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Grade Carbon Dioxide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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