Carbon Dioxide Market by Form (Liquid, Gas, Solid), by Source (Ethyl Alcohol, Hydrogen, Ethylene Oxide, Substitute Natural Gas, Others), by End-Use Industry (Food & Beverage, Oil & Gas, Metal Fabrication, Medical, Firefighting, Others), by North America (U.S., Canada) Forecast 2024-2032
The Carbon Dioxide Marketsize was valued at USD 10.36 USD Billion in 2023 and is projected to reach USD 14.68 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period.Carbon dioxide (CO2) is a colorless and odorless gas that is composed of one carbon atom bonded to two oxygen atoms. It belongs to the thin layer that encircles the planet's surface, and it performs one of the most essential tasks in the planet's carbon cycle and regulates the temperature of the globe. CO2 gets emitted through natural processes, including respiration and volcanic eruptions, and through activities like burning fossil fuels and deforestation, which are performed by humans. Carbon dioxide has earned itself a bad reputation for its role in climate change, yet it is in many industries where it is of great importance. In the food and drink industry, it is highly used to carbonate soda drinks, extend the shelf life of perishable commodities, and also cool food during processing. For instance, cryosurgery makes use of it in the medical field, and the agents in imaging are part of it as well. CO2 is not only a component in fire extinguishers, but it is also used in oil recovery processes and as a solvent in chemical manufacturing. The diversity of its use is its strength, which also makes it impossible to do without it despite its effects on the environment.
End-Use Industry:
The comprehensive Carbon Dioxide market report provides an in-depth analysis of the market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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