Carbon Dioxide Global Market Report 2020
February 2020
200
About the Report
About the Report
The carbon dioxide market consists of sales of carbon dioxide and its related services in the form of liquid, gas, and solid. Carbon dioxide is a colorless chemical element which is a product of both fermentation and combustion. It is widely used in the food industry for applications such as removing the caffeine from coffee beans to make decaffeinated coffee and for carbonating beer, soft drinks etc. Also used for cooling in food and manufacturing industries.
The global carbon dioxide market was worth USD 12.55 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.4% and reach USD 16.76 billion by 2023.
The carbon dioxide market covered in this report is segmented by type into liquid carbon dioxide, solid carbon dioxide, gaseous carbon dioxide. It is also segmented by application into food & beverages, oil & gas, medical, rubber, fire fighting, others.
During the historic period, increased demand for oil and gas industry globally contributed to the carbon dioxide market's growth. Carbon dioxide is primarily used for enhancing oil recovery (EOR) in the oil and gas industry as it is compatible with crude oil and lucrative than other fluids. Crude oil is extracted by poring carbon dioxide into pore spaces in rocks. The enhanced oil refinery application to account for the largest share of the carbon dioxide market with increased investments in research and development for advanced technologies. The global enhanced oil recovery (EOR) market is estimated to grow at a CAGR of 17.6% during 2019-2025. Increased demand for EOR market supported with massive investments in advanced technologies drove the carbon dioxide market and is also expected to drive the market in the next five years.
The high cost for capturing, liquefying, and transporting carbon dioxide is a major challenge in the carbon dioxide market. Carbon dioxide can be transported either in solid, liquid or gas form and is available through various means including motor carriers, railway, ship and pipelines. Transporting the carbon dioxide as a solid form is neither cost-effective nor feasible as it requires more energy compared with other alternatives. However, for larger quantities of carbon dioxide, pipelines are the lucrative mode of transport. The liquefaction of carbon dioxide for ship transport and compression for pipeline transport requires abundant electrical energy. Globally, government agencies have formulated various regulations for the proper storage and transportation of carbon dioxide. These regulations also affect the cost of transportation. The high cost of transportation is expected to affect profit margins of carbon dioxide manufacturers and limit the growth of the market.
Carbon dioxide manufacturers are using advanced carbon capture and storage (CCS) technologies to effectively capture, purify, liquify, and store carbon dioxide. CCS works by trapping carbon dioxide at its emission source and transporting it to a storage site. It is a technology that captures around 90% of the carbon dioxide emissions generated from the use of fossil fuels in electricity production and industrial processes. CCS technologies offers effective method for capturing carbon dioxide, restraining the carbon dioxide from entering the environment.
In March 2019, Air Products acquired ACP Europe SA, an independent carbon dioxide business in Continental Europe, for an undisclosed amount. This deal enables Air Products to better serve existing customers and pursue new industrial gas growth opportunities. Air Products is an industrial gases company that provides industrial gases and related equipment to various industries including refining, chemical, metals, electronics, manufacturing, and food and beverage. It has four liquid carbon dioxide production plants, and two dry ice production locations across Europe.
Major players in the market are AGA, Air Liquide, Air Products and Chemicals, Inc., AIR WATER INC, Airgas, Buzwair Industrial Gases Factories, Continental Carbonic Products, Cosmo Engineering, EPC Engineering & Technologies GmbH
Products
Products
1) By Product Type: Liquid Carbon Dioxide; Solid Carbon Dioxide; Gaseous Carbon Dioxide; 2) By Application: Food & Beverages; Oil & Gas; Medical; Rubber; Fire Fighting; Others
Companies
AGA
Air Liquide
Air Products and Chemicals, Inc.
AIR WATER INC
Airgas
Buzwair Industrial Gases Factories
Continental Carbonic Products
Cosmo Engineering
EPC Engineering & Technologies GmbH
Gulf Cryo
INOX Air Products Ltd.
Iwatani Corporation
Linde AG
Matheson Tri-Gas
Matheson Tri-Gas, Inc.
Messer Group
Praxair, Inc.
SABIC
SOL Spa
Southern Industrial Gas Sdn Bhd
The BOC
The Southern Gas Limited
Universal Industrial Gases Inc
Yingde Gas Group Co., Ltd.
Table of Contents
Table of Contents
1. Executive Summary
2. Carbon Dioxide Market Characteristics
3. Carbon Dioxide Market Size And Growth
3.1. Global Carbon Dioxide Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Carbon Dioxide Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Carbon Dioxide Market Segmentation
4.1. Global Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Liquid Carbon Dioxide
Solid Carbon Dioxide
Gaseous Carbon Dioxide
4.2. Global Carbon Dioxide Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Food & Beverages
Oil & Gas
Medical
Rubber
Fire Fighting
Others
5. Carbon Dioxide Market Regional And Country Analysis
5.1. Global Carbon Dioxide Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Carbon Dioxide Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Carbon Dioxide Market
6.1. Asia-Pacific Carbon Dioxide Market Overview
6.2. Asia-Pacific Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Carbon Dioxide Market
7.1. China Carbon Dioxide Market Overview
7.2. China Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Carbon Dioxide Market
8.1. India Carbon Dioxide Market Overview
8.2. India Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Carbon Dioxide Market
9.1. Japan Carbon Dioxide Market Overview
9.2. Japan Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Carbon Dioxide Market
10.1. Australia Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Carbon Dioxide Market
11.1. Indonesia Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Carbon Dioxide Market
12.1. South Korea Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Carbon Dioxide Market
13.1. Western Europe Carbon Dioxide Market Overview
13.2. Western Europe Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Carbon Dioxide Market
14.1. UK Carbon Dioxide Market Overview
14.2. UK Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Carbon Dioxide Market
15.1. Germany Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Carbon Dioxide Market
16.3. France Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Carbon Dioxide Market
17.1. Eastern Europe Carbon Dioxide Market Overview
17.2. Eastern Europe Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Carbon Dioxide Market
18.1. Russia Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Carbon Dioxide Market
19.1. North America Carbon Dioxide Market Overview
19.2. North America Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Carbon Dioxide Market
20.1. USA Carbon Dioxide Market Overview
20.2. USA Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Carbon Dioxide Market
21.1. South America Carbon Dioxide Market Overview
21.2. South America Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Carbon Dioxide Market
22.1. Brazil Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Carbon Dioxide Market
23.1. Middle East Carbon Dioxide Market Overview
23.2. Middle East Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Carbon Dioxide Market
24.1. Africa Carbon Dioxide Market Overview
24.2. Africa Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Carbon Dioxide Market Competitive Landscape And Company Profiles
25.1. Carbon Dioxide Market Competitive Landscape
25.2. Carbon Dioxide Market Company Profiles
25.2.1. Airgas
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. AGA
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Air Liquide
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Air Products and Chemicals, Inc.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. AIR WATER INC
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Carbon Dioxide Market
27. Carbon Dioxide Market Trends And Strategies
28. Carbon Dioxide Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Carbon Dioxide Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Carbon Dioxide Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global Carbon Dioxide Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Asia-Pacific, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: China, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: India, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Japan, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Australia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Indonesia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: South Korea, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: Western Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: UK, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: Germany, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: France, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Eastern Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Russia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: North America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: USA, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: South America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Brazil, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Middle East, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Africa, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Airgas Financial Performance
Figure 27: AGA Financial Performance
Figure 28: Air Liquide Financial Performance
Figure 29: Air Products and Chemicals, Inc. Financial Performance
Figure 30: AIR WATER INC Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Carbon Dioxide Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Carbon Dioxide Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global Carbon Dioxide Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Asia-Pacific, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: China, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: India, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Japan, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Australia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Indonesia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: South Korea, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: Western Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: UK, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: Germany, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: France, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Eastern Europe, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Russia, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: North America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: USA, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: South America, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Brazil, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Middle East, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Africa, Carbon Dioxide Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Airgas Financial Performance
Table 27: AGA Financial Performance
Table 28: Air Liquide Financial Performance
Table 29: Air Products and Chemicals, Inc. Financial Performance
Table 30: AIR WATER INC Financial Performance
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