Carbon Dioxide Market to be Worth $15.46 Billion by 2030: Grand View Research, Inc.
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Read full market research report, "Carbon Dioxide Market Size, Share & Trends Analysis Report By Source (Ethyl Alcohol, Ethylene Oxide), By Application (Food & Beverages, Oil & Gas, Medical), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Carbon Dioxide Market Growth & Trends
CO2 also finds application in modern medicine to minimize invasive surgeries. In medicinal baths, it induces warm sensations and acts as a vasodilator for the skin by stimulating its heat receptors. In addition, insufflation with CO2 makes it easier to perform endoscopic procedures.
CO2 can be produced and recovered through various sources such as ethyl alcohol, hydrogen, ethylene oxide, substitute natural gas, and various other sources. Further, current research & development to capture carbon emissions has gained momentum. New research and development do not only aim to capture the CO2 in the form of carbon emissions but to refine and reuse it for some applications.
The carbon capture and storage (CCS) technology is capable of delivering considerable emission reductions from the utilization of fossil fuels. It is capable of lowering emissions from a wide range of industries such as power generation, steel, iron, refining, petrochemicals, and cement manufacturing. CCS technologies include capture, transport, and storage. Capture technology includes post-combustion, pre-combustion, oxy-firing, and industrial separation.
The key players in this industry are Air Products and Chemicals Inc.; Messer SE & Co. KGaA; Air Liquide; Linde Plc to maintain the market, share. Large firms frequently engage in mergers and acquisitions as well as new product launches. For instance, In September 2022, Covestro and SOL Kohlensäure GmbH & Co. KG signed a memorandum of understanding for collaboration in regards to the supply of biogenic CO2, effective from September 2022.
Carbon Dioxide Market Report Scope
Carbon Dioxide Market Segmentation
Grand View Research has segmented the global carbon dioxide market report based on source, application, and region:
Carbon Dioxide Market - Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Carbon Dioxide Market - Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Carbon Dioxide Market - Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
List of Key Players in the Carbon Dioxide Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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