Market Overview:
The global industrial grade carbon dioxide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for carbon dioxide from various end-use industries, such as metals industry, chemicals and petroleum industries, rubber and plastics industries, food and beverages industries, pharmaceuticals industry etc. Carbon dioxide is used as a feedstock in these industries for various purposes such as manufacturing of synthetic fuels & chemicals; production of polymers & plastics; extraction of metals (copper, zinc etc.), oil & natural gas; processing of foods (carbonated drinks) etc.
Product Definition:
Industrial grade carbon dioxide is a high purity form of the gas that is used in a variety of industrial and commercial applications. It has a number of important uses, including as a refrigerant, in food production and packaging, and in the manufacture of various products.
Gaseous State:
Gaseous State Carbon Dioxide (CO2) is a colorless and highly flammable gas. It has a strong odor similar to that of garlic or rotten eggs. The gas is often called the greenhouse gas because it acts as an insulator in the atmosphere, protecting the earth from harmful solar radiation. Gases such as carbon dioxide help regulate temperature, humidity, and air quality by maintaining atmospheric pressure; without them life on earth would not be possible.
Liquid State:
Liquid state carbon dioxide is a special type of carbon dioxide that has been processed to remove impurities. It is used in industrial applications as an insulator, refrigerant, and heat transfer agent. The liquid state can be achieved by using dry ice or by super cooling the liquid CO2 with water vapor.
The major application areas for the product include food & beverage processing, pharmaceuticals & biotechnology industries and chemical manufacturing among others such as petroleum refining.
Application Insights:
The chemicals and petroleum industry segment accounted for the largest market share of over 30% in 2017. The use of CO2 as a chemical feedstock is expected to witness significant growth on account of its ability to reduce costs and offer flexibility in production. It is also used as a by-product in the petrochemical industry, which provides an opportunity for additional utilization.
Carbon dioxide has been used extensively as a cryogenic agent across various industries such as medical equipment and technology, space exploration, food processing and beverage manufacturing among others owing to its low temperature effect (LTE). In addition, it is also utilized during the cooling process of liquefied natural gas (LNG) terminals along with nitrogen oxide (NOx), which further reduces environmental impact during operation.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing metal and chemical industries in China, India, Japan, South Korea, Taiwan and Indonesia. In addition, growing end-use industries such as food processing and pharmaceuticals are also expected drive regional growth over the next eight years.
The European market was valued at USD X billion in 2017 owing to high investments made by governments for research & development activities associated with CO2 utilization processes across various end-use industries including chemicals industry for producing specialty chemicals such as polymers; metals including aluminum; lubricants; rubber products etc.).
Growth Factors:
- Increasing demand for carbon dioxide from the food and beverage industry as a preservative and to improve the taste of products.
- Rising demand for carbon dioxide in the healthcare sector as a medical gas to treat various respiratory disorders.
- Growing use of carbon dioxide in metal fabrication and welding processes due to its ability to reduce oxidation rates.
- Increasing popularity of dry ice as a refrigerant and transportation medium in various industries such as food, pharmaceuticals, and logistics etcetera
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Grade Carbon Dioxide Market Research Report
By Type
Gaseous State, Liquid State
By Application
Metals Industry, Chemicals and Petroleum Industries, Rubber and Plastics Industries, Food and Beverages Industries, Pharmaceuticals Industry
By Companies
Linde, Airgas, Air Products and Chemicals, Continental Carbonic Products, Matheson Tri-Gas, Air Liquid, Messer Group, India Glycols, SOL Group, Taiyo Nippon Sanso, Linde, Hunan Kaimeite Gases
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Grade Carbon Dioxide Market Report Segments:
The global Industrial Grade Carbon Dioxide market is segmented on the basis of:
Types
Gaseous State, Liquid State
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metals Industry, Chemicals and Petroleum Industries, Rubber and Plastics Industries, Food and Beverages Industries, Pharmaceuticals Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Linde
- Airgas
- Air Products and Chemicals
- Continental Carbonic Products
- Matheson Tri-Gas
- Air Liquid
- Messer Group
- India Glycols
- SOL Group
- Taiyo Nippon Sanso
- Linde
- Hunan Kaimeite Gases
Highlights of The Industrial Grade Carbon Dioxide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gaseous State
- Liquid State
- By Application:
- Metals Industry
- Chemicals and Petroleum Industries
- Rubber and Plastics Industries
- Food and Beverages Industries
- Pharmaceuticals Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Grade Carbon Dioxide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial grade carbon dioxide is a type of compressed gas that is used in industrial processes. It is a colorless, odorless, and non-toxic gas.
Some of the major players in the industrial grade carbon dioxide market are Linde, Airgas, Air Products and Chemicals, Continental Carbonic Products, Matheson Tri-Gas, Air Liquid, Messer Group, India Glycols, SOL Group, Taiyo Nippon Sanso, Linde, Hunan Kaimeite Gases.
The industrial grade carbon dioxide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Grade Carbon Dioxide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Grade Carbon Dioxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Grade Carbon Dioxide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Grade Carbon Dioxide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Grade Carbon Dioxide Market Size & Forecast, 2018-2028
4.5.1 Industrial Grade Carbon Dioxide Market Size and Y-o-Y Growth
4.5.2 Industrial Grade Carbon Dioxide Market Absolute $ Opportunity
Chapter 5 Global Industrial Grade Carbon Dioxide Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Grade Carbon Dioxide Market Size Forecast by Type
5.2.1 Gaseous State
5.2.2 Liquid State
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Grade Carbon Dioxide Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Grade Carbon Dioxide Market Size Forecast by Applications
6.2.1 Metals Industry
6.2.2 Chemicals and Petroleum Industries
6.2.3 Rubber and Plastics Industries
6.2.4 Food and Beverages Industries
6.2.5 Pharmaceuticals Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Grade Carbon Dioxide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Grade Carbon Dioxide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Grade Carbon Dioxide Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Grade Carbon Dioxide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Grade Carbon Dioxide Market Size Forecast by Type
9.6.1 Gaseous State
9.6.2 Liquid State
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Grade Carbon Dioxide Market Size Forecast by Applications
9.10.1 Metals Industry
9.10.2 Chemicals and Petroleum Industries
9.10.3 Rubber and Plastics Industries
9.10.4 Food and Beverages Industries
9.10.5 Pharmaceuticals Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Grade Carbon Dioxide Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Grade Carbon Dioxide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Grade Carbon Dioxide Market Size Forecast by Type
10.6.1 Gaseous State
10.6.2 Liquid State
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Grade Carbon Dioxide Market Size Forecast by Applications
10.10.1 Metals Industry
10.10.2 Chemicals and Petroleum Industries
10.10.3 Rubber and Plastics Industries
10.10.4 Food and Beverages Industries
10.10.5 Pharmaceuticals Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Grade Carbon Dioxide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Grade Carbon Dioxide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Grade Carbon Dioxide Market Size Forecast by Type
11.6.1 Gaseous State
11.6.2 Liquid State
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Grade Carbon Dioxide Market Size Forecast by Applications
11.10.1 Metals Industry
11.10.2 Chemicals and Petroleum Industries
11.10.3 Rubber and Plastics Industries
11.10.4 Food and Beverages Industries
11.10.5 Pharmaceuticals Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Grade Carbon Dioxide Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Grade Carbon Dioxide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Grade Carbon Dioxide Market Size Forecast by Type
12.6.1 Gaseous State
12.6.2 Liquid State
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Grade Carbon Dioxide Market Size Forecast by Applications
12.10.1 Metals Industry
12.10.2 Chemicals and Petroleum Industries
12.10.3 Rubber and Plastics Industries
12.10.4 Food and Beverages Industries
12.10.5 Pharmaceuticals Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Grade Carbon Dioxide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Grade Carbon Dioxide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Grade Carbon Dioxide Market Size Forecast by Type
13.6.1 Gaseous State
13.6.2 Liquid State
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Grade Carbon Dioxide Market Size Forecast by Applications
13.10.1 Metals Industry
13.10.2 Chemicals and Petroleum Industries
13.10.3 Rubber and Plastics Industries
13.10.4 Food and Beverages Industries
13.10.5 Pharmaceuticals Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Grade Carbon Dioxide Market: Competitive Dashboard
14.2 Global Industrial Grade Carbon Dioxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linde
14.3.2 Airgas
14.3.3 Air Products and Chemicals
14.3.4 Continental Carbonic Products
14.3.5 Matheson Tri-Gas
14.3.6 Air Liquid
14.3.7 Messer Group
14.3.8 India Glycols
14.3.9 SOL Group
14.3.10 Taiyo Nippon Sanso
14.3.11 Linde
14.3.12 Hunan Kaimeite Gases
