Singapore Carbon Dioxide Market by Source (Hydrogen, Ammonia, Natural Gas, Ethanol, Others), by form (Solid, Liquid, Gas), by End-use Industry (Food & Beverages, Oil & Gas, Medical, Metal Fabrication, Wastewater Treatment, Electronics, Chemicals, Others), by Forecast 2024-2032
The Singapore Carbon Dioxide Market size was valued at USD 98.6 USD Million in 2023 and is projected to reach USD 133.28 USD Million by 2032, exhibiting a CAGR of 4.4 % during the forecast period. The Singapore carbon dioxide market, today, is characterized by dynamic growth mainly due to the needs of the food and beer production industries, healthcare facilities, and manufacturing companies. These include such features as high purity, supply reliability, and efficient storage and transportation facilities backed up by reliable legislative requirements. Ranging from fizzing of drinks and preservation of food to anaesthetic in the medical field or in rust removal during welding or in recovering oil. Carbon dioxide according to the market comes in the state of gas, liquid and even solid state. CCS is better as it has become more efficient and environmentally friendly regarding the technological developments made in this area. It helps industry, product quality, medical requirements, and Singapore's climate measures due to dependable foundations and backing.
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End-use Industry:
Recent Industry Developments:
This report provides comprehensive coverage of the evolving Singapore carbon dioxide market, highlighting:
The Singapore carbon dioxide market is a part of the Southeast Asian carbon dioxide market, which is the largest regional market in Asia-Pacific. Singapore is a key market within the region due to its well-developed industrial sector and strong government support for carbon dioxide utilization.
The major consumers of carbon dioxide in Singapore are the food and beverage, oil and gas, and electronics industries. The food and beverage industry accounts for the largest share of demand, as carbon dioxide is essential for carbonating soft drinks and other beverages.
The demand for carbon dioxide in Singapore is expected to grow in the coming years, driven by the growing food and beverage industry, expanding electronics industry, and increasing adoption in oil and gas operations.
Singapore is a net importer of carbon dioxide, with the majority of imports coming from Malaysia and Indonesia. The country also exports carbon dioxide to neighbouring countries, such as Thailand and Vietnam.
The pricing of carbon dioxide in Singapore is influenced by factors such as the cost of production, transportation, and storage, as well as demand and supply dynamics.
The Singapore carbon dioxide market is segmented based on source, form, end-use industry, and region. The source segment includes hydrogen, ammonia, natural gas, ethanol, and others. The form segment includes solid, liquid, and gas. The end-use industry segment includes food and beverages, oil and gas, medical, metal fabrication, wastewater treatment, electronics, chemicals, and others.
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 4.4% 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 4.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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