Report Scope & Overview: 

Carbon Dioxide Market Size was valued at USD 3.93 billion in 2022 and is expected to reach USD 6.76 billion by 2030, and grow at a CAGR of 7% over the forecast period 2023-2030. Carbon dioxide is a greenhouse gas that is necessary for the Earth's ecology and can be collected from flue gases, the production of hydrogen for ammonia synthesis, limekilns, and other sources. Thanks to increased demand from metal manufacturing and fabrication, oil and gas, food and packaging, and other related industries, the industry has been steadily growing for the past half-decade. Thanks to increased demand from metal manufacturing and fabrication, oil and gas, and food and packaging, other related industries, the industry has been steadily growing for the past half-decade.

Carbon Dioxide market Revenue Analysis

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Market Dynamics:


  • In the oil and gas industry, enhanced oil recovery (EOR) is used.


  • Concerns transportation issues


  • The rising prominence of Precipitated Calcium Carbonate (PCC) manufacturing.


  • In cryogenic freezing and cooling applications, liquid carbon dioxide is used.

Impact of covid-19:

The coronavirus 2019 (COVID 19, or SARS-CoV-2) pandemic, which began in December 2019, has had an extraordinary impact in most nations throughout the world and continues to pose a threat to human lives. Human health and national economy have suffered as a result of COVID-19 and tight lockdown measures. These restrictions have helped to improve air quality, water quality, and the ozone layer while also lowering greenhouse gas emissions. This analysis looked at the effects of COVID-19 lockout measures on annual carbon emissions globally, concentrating on 47 highly affected countries and their 105 cities by December 2020, Satellite products for soil moisture active passive (SMAP) Level 4 carbon (SMAP LC4). While the lockdown measures reduced carbon emissions globally, the reduction was only temporary in some countries and localities because they were not implemented for extended times in 2020. The total carbon emissions of 184 nations were lowered by 438 Mt in 2020 compared to 2019. Because global economic activity is likely to gradually recover to pre-COVID-19 levels, the drop in carbon emissions experienced during the pandemic will not be long-term sustainable. Concerned authorities must make major efforts to reform global transportation, climatic, and environmental policies that drive carbon emissions if they are to be sustainable.

Market Segmentation:

By Source Types

  • Hydrogen

  • Ethyl Alcohol

  • Ethylene Oxide

  • Substitute Natural Gas

By Application Types

  • Food & Beverages

  • Oil & Gas

  • Medical

  • Rubber

  • Fire Fighting

Carbon Dioxide Market Segmentation Analysis

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Regional analysis:

Because the United States and Canada are the region's primary contributors, North America leads the carbon dioxide market. Due to rapidly rising end-use industries such as food and beverage and medical in emerging countries, as well as the growing consumption of carbon dioxide in this region, Asia-Pacific is predicted to increase at high rate from 2023 to 2030.

Individual market affecting elements and changes in market legislation that impact present and future market trends are also discussed in the nation portion of the carbon dioxide market study. The presence of a significant number of oil refineries and food and beverage companies is fuelling consumer demand in North America. After North America, China is the second-largest generator of carbon dioxide. Market players in the nation have large production capacities and advanced production equipment. Europe is also a major carbon dioxide emitter. Linde Group and Air Liquide, for example, have a strong presence in the region.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Air Liquide, Greco Gas Inc., Messer Group, SOL Group, Strandmøllen A/S, Acail Gás, Air Products and Chemicals Inc., Linde AG, Sicgil India Limited, Taiyo Nippon Sanso Corporation, and other Players.

Air Liquide-Company Financial Analysis


Carbon Dioxide Market Report Scope:
Report Attributes Details
Market Size in 2022 USD 3.93 Billion
Market Size by 2030 USD 6.76 Billion
CAGR CAGR of 7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Source Types (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas)
• By Application Types (Food & Beverages, Oil & Gas, Medical, Rubber, Fire Fighting)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Air Liquide, Greco Gas Inc., Messer Group, SOL Group, Strandmøllen A/S, Acail Gás, Air Products and Chemicals Inc., Linde AG, Sicgil India Limited, Taiyo Nippon Sanso Corporation, and other Players.
DRIVERS • In the oil and gas industry, enhanced oil recovery (EOR) is used.
RESTRAINTS • Concerns transportation issues

Frequently Asked Questions

Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stakeholder of this report.

Ans: Air Liquide, Greco Gas Inc., Messer Group, SOL Group, Strandmøllen A/S, Acail Gás, Air Products and Chemicals Inc., Linde AG, Sicgil India Limited, Taiyo Nippon Sanso Corporation are the major key players of  Carbon Dioxide Market.


Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Air Liquide, Greco Gas Inc., Messer Group, SOL Group, Strandmøllen A/S, Acail Gás, Air Products and Chemicals Inc., Linde AG, Sicgil India Limited and Taiyo Nippon Sanso Corporation


Ans: Global Carbon Dioxide Market Size was valued at USD 3.68 billion in 2021, and expected to reach USD 5.90 billion by 2028, and grow at a CAGR of 7 % over the forecast period 2022-2028.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis


8. Global Carbon Dioxide Market segment, by Source Types

                8.1 Hydrogen

                8.2 Ethyl Alcohol

                8.3 Ethylene Oxide

                8.4 Substitute Natural Gas


9. Global Carbon Dioxide Market segment, By Application Types

                9.1 Food & Beverages

                9.2 Oil & Gas

                9.3 Medical

                9.4 Rubber

                9.5 Fire Fighting


10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2    Canada

10.2.3    Mexico

10.3 Europe

10.3.1    Germany

10.3.2    UK

10.3.3    France

10.3.4    Italy

10.3.5    Spain

10.3.6    The Netherlands

10.3.7    Rest of Europe

10.4 Asia-Pacific

10.4.1    Japan

10.4.2    South Korea

10.4.3    China

10.4.4    India

10.4.5    Australia

10.4.6    Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1    Israel

10.5.2    UAE

10.5.3    South Africa

10.5.4    Rest

10.6 Latin America

10.6.1    Brazil

10.6.2    Argentina

10.6.3    Rest of Latin America


11. Company Profiles

                11.1 Acail Gás 

                                11.1.1 Financial

                                11.1.2 Products/ Services Offered

                                11.1.3 SWOT Analysis

                                11.1.4 The SNS view

                11.2 Air Liquide

                11.3 Air Products and Chemicals, Inc.

                11.4 Greco Gas Inc.

                11.5 Linde AG

                11.6 Messer Group

                11.7 Sicgil India Limited

                11.8 SOL Group

                11.9 Strandmøllen A/S

                11.10 Taiyo Nippon Sanso Corporation


12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments


13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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