Report Details

Chemicals & Advanced Materials

Global Carbon Dioxide Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

$2999

Carbon dioxide market outlook 2025–2032: key sources, forms, applications & trends driving demand in food, energy, and medical sectors.

SKU: 528 Pages: 500 Format: PDF Delivery: Upto 24 to 48 hrs

Single - $2999

Multiple - $3999

Corporate - $4999

Introduction

Market Valuation and Forecast: The global carbon dioxide market is estimated at approximately USD 9.28 billion in 2024 and is projected to exceed USD 12.21 billion by 2032, reflecting steady growth in diverse industrial applications.

Moderate Growth Outlook: With a compound annual growth rate (CAGR) of around 3.6% between 2025 and 2032, the market is expected to maintain consistent expansion driven by increasing utilization across sectors such as food & beverage, healthcare, and manufacturing.

Primary Growth Drivers: Rising demand for carbon dioxide in enhanced oil recovery, refrigeration, and chemical synthesis, along with growing industrialization, are key factors supporting market development globally.

McKinsey 7S Framework – Global Carbon Dioxide Market

Strategy: Focus on expanding production and distribution capacities to meet growing demand across food & beverage, healthcare, and industrial applications, while integrating sustainable CO₂ capture and utilization technologies.
Structure: Implement a flexible organizational framework that supports global operations, efficient supply chain management, and rapid adaptation to market fluctuations and regional regulatory changes.
Systems: Utilize advanced production monitoring, quality control, and ERP systems to optimize operational efficiency, ensure compliance, and maintain consistent product quality across multiple applications.
Shared Values: Foster a corporate culture emphasizing sustainability, innovation, and customer-centricity, aligning business practices with environmental responsibility and long-term market growth.
Style: Encourage collaborative leadership and cross-functional decision-making to drive agility, innovation, and responsiveness in a dynamic and highly regulated industry.
Staff: Invest in talent development programs focusing on chemical engineering, environmental compliance, and operational excellence to build a skilled workforce capable of driving technological and market advancements.
Skills: Develop core competencies in CO₂ capture, purification, storage, and application technologies to maintain competitive advantage and meet diverse industrial and commercial needs.

Market Segmentation: Global Carbon Dioxide Market

By Product Type
• Liquid Carbon Dioxide
• Gaseous Carbon Dioxide
• Dry Ice
• Others

By Application
• Food & Beverage
• Industrial & Chemical Processing
• Medical & Healthcare
• Water Treatment
• Enhanced Oil Recovery
• Others

By End-User Industry
• Food & Beverage Industry
• Oil & Gas Industry
• Chemical Industry
• Healthcare & Pharmaceuticals
• Water Treatment Industry
• Others

Market Segmentation: By Region – Global Carbon Dioxide Market

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Market Segmentation: By Country (Within Regions)
North America
• United States
• Canada
• Mexico
Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Netherlands
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Southeast Asia (Indonesia, Thailand, Vietnam, Malaysia)
Latin America
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa

Key Players – Global Carbon Dioxide Market
• Linde plc (Ireland/Germany)
• Air Products and Chemicals, Inc. (U.S.)
• Praxair, Inc. (U.S.)
• Air Liquide S.A. (France)
• Taiyo Nippon Sanso Corporation (Japan)
• Matheson Tri-Gas, Inc. (U.S.)
• Yara International ASA (Norway)
• Gulf Cryo (UAE)
• Messer Group GmbH (Germany)
• The Linde Group (Germany)

Table of Contents (TOC)

1. Introduction
1.1 Market Overview
1.2 Market Definition
1.3 Market Dynamics
1.3.1 Drivers
1.3.2 Restraints
1.3.3 Opportunities
1.3.4 Challenges

2. Global Carbon Dioxide Market Segmentation
2.1 By Product Type
2.1.1 Liquid Carbon Dioxide
2.1.2 Gaseous Carbon Dioxide
2.1.3 Dry Ice
2.1.4 Others

2.2 By Application
2.2.1 Food & Beverage
2.2.2 Industrial & Chemical Processing
2.2.3 Medical & Healthcare
2.2.4 Water Treatment
2.2.5 Enhanced Oil Recovery
2.2.6 Others

2.3 By End-User Industry
2.3.1 Food & Beverage Industry
2.3.2 Oil & Gas Industry
2.3.3 Chemical Industry
2.3.4 Healthcare & Pharmaceuticals
2.3.5 Water Treatment Industry
2.3.6 Others

3. Regional Analysis – Global Carbon Dioxide Market
3.1 North America
3.2 Europe
3.3 Asia-Pacific
3.4 Latin America
3.5 Middle East & Africa

Country-wise Analysis
4.1 North America
4.1.1 United States
4.1.2 Canada
4.1.3 Mexico
4.2 Europe
4.2.1 Germany
4.2.2 France
4.2.3 United Kingdom
4.2.4 Italy
4.2.5 Spain
4.2.6 Netherlands
4.2.7 Rest of Europe
4.3 Asia-Pacific
4.3.1 China
4.3.2 India
4.3.3 Japan
4.3.4 South Korea
4.3.5 Australia
4.3.6 Southeast Asia (Indonesia, Thailand, Vietnam, Malaysia)
4.4 Latin America
4.4.1 Brazil
4.4.2 Argentina
4.4.3 Rest of Latin America
4.5 Middle East & Africa
4.5.1 Saudi Arabia
4.5.2 UAE
4.5.3 South Africa
4.5.4 Rest of Middle East & Africa

5. Competitive Landscape
5.1 Market Share Analysis
5.2 Key Strategies Adopted by Leading Players
5.3 Company Profiles
5.3.1 Linde plc (Ireland/Germany)
5.3.2 Air Products and Chemicals, Inc. (U.S.)
5.3.3 Praxair, Inc. (U.S.)
5.3.4 Air Liquide S.A. (France)
5.3.5 Taiyo Nippon Sanso Corporation (Japan)
5.3.6 Matheson Tri-Gas, Inc. (U.S.)
5.3.7 Yara International ASA (Norway)
5.3.8 Gulf Cryo (UAE)
5.3.9 Messer Group GmbH (Germany)
5.3.10 The Linde Group (Germany)

6. Market Trends and Future Outlook

7. Market Challenges and Risk Analysis

8. Conclusion and Recommendations

9. Appendix
9.1 Research Methodology
9.2 Data Sources
9.3 Disclaimer

Market Segmentation: Global Carbon Dioxide Market

Market Segmentation: By Region – Global Carbon Dioxide Market

Download Sample Request Form

Your message has been sent. Thank you!

Make an Inquiry

Your message has been sent. Thank you!

Ask for Discount

Your message has been sent. Thank you!

Frequently Asked Questions

What is driving the growth of the global carbon dioxide market?

Increasing demand from the food & beverage, chemical, and medical sectors, along with rising use in enhanced oil recovery and industrial applications, is fueling market expansion. Growing focus on sustainability and carbon management technologies also shapes industry trends.

Which industries consume the highest volumes of carbon dioxide?

Food and beverage industries lead, using CO₂ for carbonated drinks, refrigeration, and packaging. Other key sectors include chemicals, pharmaceuticals, water treatment, and enhanced oil recovery operations.

How is carbon dioxide being utilized in emerging applications?

CO₂ is increasingly applied in renewable energy systems, greenhouse cultivation, and as a raw material in chemicals like urea and methanol. Innovations in carbon capture and utilization (CCU) are creating new market opportunities.

Which regions are dominating the carbon dioxide market?

North America and Europe lead due to industrialization and established chemical and beverage sectors. Asia-Pacific, particularly China and India, is witnessing rapid growth driven by industrial expansion and rising energy needs.

What trends are shaping the future of the carbon dioxide industry?

Key trends include CO₂ capture and storage technologies, low-carbon footprint production methods, and integration into sustainable industrial processes. Increasing regulatory focus on emissions and the drive for circular economy practices are transforming market dynamics.