Summary
Global Carbon Dioxide Market, By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others), By Application (Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting, Others), and opportunities and forecast 2020-2027
Covid-19 Impact on Carbon Dioxide Market: The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Carbon Dioxide Market Overview The global carbon dioxide/CO2 market is showing sluggish growth and a moderate increase in its valuation for the next few years. Increasing demand for CO2 in the healthcare sector is a key fact which contributing more to the market’s growth. Also, the growing demand for aerated drinks will directly increase the demand for food-grade carbon dioxide. Eventually, it boosts the growth of the market during the forecast period.
Additionally, technological advancement plays an important role in the market’s growth so, increasing investment towards this goal also drives the market in a fruitful direction in the future. Also, Enhanced oil recovery ( EOR) has been establishing a significant road map for market growth in the coming years. As well, the global carbon dioxide market is mainly driven by the expansion in end-use industries. carbon dioxide has huge demand in end-use industries due to its use in a different application.
On the downside, factor such as transportation of CO2 involves high maintenance cost, and risk of CO2 leakage in the atmosphere are hampering the growth of the market. In addition, protocols such as the Kyoto Protocol which commits the involved countries to limit the emission of greenhouse gases will also deter the growth of the market in the forthcoming years.
Carbon Dioxide Market Segment Overview The Food & Beverages segment has the largest share of the market. In the Food & Beverages industry, CO2 is mostly used for the carbonation of drinks, freezing poultry and food products as well as control of pH level. Changing lifestyles of people leads to rise in demand for ready-to-make and frozen foods, which increases the consumption of CO2. Moreover, the massively increasing population across the world has boosted the demand for Food & Beverages, which will be enhancing the growth of the carbon dioxide market in the coming years. In addition, the medical segment is also the fastest-growing application segment in the market. CO2 is used in surgeries, such as arthroscopy laparoscopy, and endoscopy, to stabilize body cavities and to expand the surgical surface area.
Carbon Dioxide Market Regional Overview North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. This is due to the major contribution in terms of revenue from the US and Canada. These countries are consuming a huge amount of co2 for Enhanced Oil Recovery Processes. Then again, the market of the Asia Pacific is projected to grow at the fastest rate owing to the vast expansion of end-use industries in the region. China will be a prominent contributor to the region’s growth, being a main consumer of CO2.
Carbon Dioxide Market Competitor overview · In March 2019, Air Products acquired ACP Europe SA (ACP), the largest independent carbon dioxide (CO₂) business in Continental Europe. This acquisition enables the company to better serve existing customers and pursue new industrial gas growth opportunities across additional European geographies.
· In October 2018, Linde plc announced the successful completion of the business combination between Praxair and Linde AG.
Carbon Dioxide Market, Key Players · Universal Industrial Gases, Inc.
· The Linde Group
· Air Products and Chemicals, Inc.
· INOX Air Products Ltd.
· Continental Carbonic Products, Inc.
· Matheson Tri-Gas, Inc.
· Air Liquide International S.A.
· Praxair Inc
· Gulf Cryo
· Bristol Gases – Concorde Corodex Group
· Buzwair Industrial Gases Factory
· Dubai Industrial Gases
Carbon Dioxide Market Segmentation Carbon Dioxide Market, By Source
· Hydrogen
· Ethyl Alcohol
· Ethylene Oxide
· Substitute Natural Gas
· Others
Carbon Dioxide Market, By Application
· Food & Beverages
· Oil & Gas
· Medical
· Rubber
· Fire Fighting
· Others
Carbon Dioxide market, By Region
North America
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
Table of Contents
1. Introduction 1.1. Research Scope 1.2. Market Segmentation 1.3. Research Methodology 1.4. Definitions and Assumptions 2. Executive Summary 3. Market Dynamics 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. Key Insights 4.1. Key Emerging Trends – For Major Countries 4.2. Latest Technological Advancement 4.3. Regulatory Landscape 4.4. Industry SWOT Analysis 4.5. Porters Five Forces Analysis 5. Global Carbon Dioxide Market Analysis (USD Billion), Insights and Forecast, 2020-2027 5.1. Key Findings / Summary 5.2. Market Analysis, Insights and Forecast – By Source5.2.1. Hydrogen 5.2.2. Ethyl Alcohol 5.2.3. Ethylene Oxide 5.2.4. Substitute Natural Gas 5.2.5. Others 5.3. Market Analysis, Insights and Forecast – By Application5.3.1. Food & Beverages 5.3.2. Oil & Gas 5.3.3. Medical 5.3.4. Rubber 5.3.5. Fire Fighting 5.3.6. Others 5.4. Market Analysis, Insights and Forecast – By Region5.4.1. North America 5.4.2. Latin America 5.4.3. Europe 5.4.4. Asia Pacific 5.4.5. Middle East and Africa 6. North America Carbon Dioxide Market Analysis (USD Billion), Insights and Forecast, 2020-2027 6.1. Key Findings / Summary 6.2. Market Analysis, Insights and Forecast – By Source6.2.1. Hydrogen 6.2.2. Ethyl Alcohol 6.2.3. Ethylene Oxide 6.2.4. Substitute Natural Gas 6.2.5. Others 6.3. Market Analysis, Insights and Forecast – By Application6.3.1. Food & Beverages 6.3.2. Oil & Gas 6.3.3. Medical 6.3.4. Rubber 6.3.5. Fire Fighting 6.3.6. Others 6.4. Market Analysis, Insights and Forecast – By Country 7. Latin America Carbon Dioxide Market Analysis (USD Billion), Insights and Forecast, 2020-2027 7.1. Key Findings / Summary 7.2. Market Analysis, Insights and Forecast – By Source7.2.1. Hydrogen 7.2.2. Ethyl Alcohol 7.2.3. Ethylene Oxide 7.2.4. Substitute Natural Gas 7.2.5. Others 7.3. Market Analysis, Insights and Forecast – By Application7.3.1. Food & Beverages 7.3.2. Oil & Gas 7.3.3. Medical 7.3.4. Rubber 7.3.5. Fire Fighting 7.3.6. Others 7.4. Market Analysis, Insights and Forecast – By Country7.4.1. Brazil 7.4.2. Mexico 7.4.3. Rest of Latin America 8. Europe Carbon Dioxide Market Analysis (USD Billion), Insights and Forecast, 2020-2027 8.1. Key Findings / Summary 8.2. Market Analysis, Insights and Forecast – By Source8.2.1. Hydrogen 8.2.2. Ethyl Alcohol 8.2.3. Ethylene Oxide 8.2.4. Substitute Natural Gas 8.2.5. Others 8.3. Market Analysis, Insights and Forecast – By Application8.3.1. Food & Beverages 8.3.2. Oil & Gas 8.3.3. Medical 8.3.4. Rubber 8.3.5. Fire Fighting 8.3.6. Others 8.4. Market Analysis, Insights and Forecast – By Country8.4.1. UK 8.4.2. Germany 8.4.3. France 8.4.4. Italy 8.4.5. Spain 8.4.6. Russia 8.4.7. Rest of Europe 9. Asia Pacific Carbon Dioxide Market Analysis (USD Billion), Insights and Forecast, 2020-2027 9.1. Key Findings / Summary 9.2. Market Analysis, Insights and Forecast – By Source9.2.1. Hydrogen 9.2.2. Ethyl Alcohol 9.2.3. Ethylene Oxide 9.2.4. Substitute Natural Gas 9.2.5. Others 9.3. Market Analysis, Insights and Forecast – By Application9.3.1. Food & Beverages 9.3.2. Oil & Gas 9.3.3. Medical 9.3.4. Rubber 9.3.5. Fire Fighting 9.3.6. Others 9.4. Market Analysis, Insights and Forecast – By Country9.4.1. China 9.4.2. India 9.4.3. Japan 9.4.4. Australia 9.4.5. South East Asia 9.4.6. Rest of Asia Pacific 10. Middle East & Africa Carbon Dioxide Market Analysis (USD Billion), Insights and Forecast, 2020-2027 10.1. Key Findings / Summary 10.2. Market Analysis, Insights and Forecast – By Source10.2.1. Hydrogen 10.2.2. Ethyl Alcohol 10.2.3. Ethylene Oxide 10.2.4. Substitute Natural Gas 10.2.5. Others 10.3. Market Analysis, Insights and Forecast – By Application10.3.1. Food & Beverages 10.3.2. Oil & Gas 10.3.3. Medical 10.3.4. Rubber 10.3.5. Fire Fighting 10.3.6. Others 10.4. Market Analysis, Insights and Forecast – By Country10.4.1. GCC 10.4.2. South Africa 10.4.3. Rest of Middle East & Africa 11. Competitive Analysis 11.1. Company Market Share Analysis, 2018 11.2. Key Industry Developments 11.3. Company Profile 11.4. Universal Industrial Gases, Inc.11.4.1. Business Overview 11.4.2. Segment 1 & Service Offering 11.4.3. Overall Revenue 11.4.4. Geographic Presence 11.4.5. Recent Development *Similar details will be provided for the following companies
11.5. The Linde Group 11.6. Air Products and Chemicals, Inc. 11.7. INOX Air Products Ltd. 11.8. Continental Carbonic Products, Inc. 11.9. Matheson Tri-Gas, Inc. 11.10. Air Liquide International S.A. 11.11. Praxair Inc 11.12. Gulf Cryo 11.13. Bristol Gases – Concorde Corodex Group 11.14. Buzwair Industrial Gases Factory
List of Figures
List of Figures
