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 Malaysia Conventional Liquid Carbon Dioxide Market has been growing steadily as industries across various sectors rely heavily on this gas for numerous applications. Liquid carbon dioxide (CO2) is used in food processing, oil recovery, chemical manufacturing, and even in healthcare. The market is driven by an increasing demand for efficient solutions in industries like food and beverages, healthcare, and manufacturing, making conventional liquid CO2 a vital component in maintaining production standards.
The demand for conventional liquid carbon dioxide has risen in recent years, driven by the need for sustainable industrial solutions. This liquid CO2 is especially significant in the food and beverage sector, where it is used as a refrigerant and in carbonation processes. Furthermore, the chemical industry uses liquid CO2 in applications like enhanced oil recovery (EOR), where CO2 is injected into oil fields to increase the extraction of crude oil.
In Malaysia, the manufacturing sector also relies on conventional liquid carbon dioxide for its versatility and effectiveness in various applications. This includes its use in welding, where CO2 is employed in MIG (Metal Inert Gas) welding due to its ability to shield the weld pool and provide a smooth, consistent finish. Additionally, CO2 is increasingly used in pharmaceuticals for creating specific compounds and reactions in drug production, highlighting its importance in the chemical and healthcare industries.
With a growing industrial base, Malaysia’s demand for liquid CO2 is expected to continue its upward trend. The government has also started supporting industrial growth through policies that encourage sustainable and eco-friendly practices, indirectly boosting the conventional liquid carbon dioxide market. Additionally, the expansion of the healthcare sector and food & beverage industry further strengthens the need for liquid CO2, as it is pivotal in providing safe, efficient, and scalable production.
The market's future looks promising with continuous developments in CO2 technologies, such as better capture and distribution systems. With new players entering the market and existing players expanding their capacity, Malaysia is well-positioned to meet the increasing industrial demand for conventional liquid carbon dioxide.
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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
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia 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
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia 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. Malaysia Conventional Liquid Carbon Dioxide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Conventional Liquid Carbon Dioxide Market, By Type
6. Malaysia Conventional Liquid Carbon Dioxide Market, By Application
7. Malaysia Conventional Liquid Carbon Dioxide Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Conventional Liquid Carbon Dioxide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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