The global carbon dioxide market size is expected to reach USD 8.6 billion by 2025. Increasing applications of enhanced oil recovery (EOR) technology, owing to rising crude oil demand and number of mature wells is anticipated to fuel the market growth over the next nine years.
Carbon dioxide is a high profile greenhouse gas. However, the excessive amount of CO2 is being dumped into the atmosphere from past few years due to the growth in industrialization. This has resulted in global warming, suffocation of living organisms, and various other health related problems which becomes toxic and harmful to humans.
Companies are also developing advanced carbon capturing and storage technologies such as CCS for effectively capturing, purifying, liquefying, and storing CO2. These companies are also involved in developing effective systems for transporting CO2, which include pipelines, ships, rail, and road tankers. Oil and gas is the major application segment for carbon dioxide market from past few years.
Growing demand for crude oil and advancement in the EOR technologies are the major factor fueling the growth in this segment. In 2015, oil & gas application was followed by food & beverages sector in terms of growth. Increasing demand for carbonation of beverages is anticipated to drive the growth of food & beverages market segment.
- Universal Industrial Gases, Inc.
- Linde AG
- Air Products and Chemicals, Inc.
- INOX Air Products Ltd.
- Airgas, Inc.
- Continental Carbonic Products, Inc.
- Praxair, Inc.
- Matheson Tri-Gas, Inc.
- The BOC Group
- AGA AB
- Air Liquide
Cosmo Engineering Co. Ltd.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Carbon Dioxide (CO2) Market Variables,Trends, & Scope
4 Carbon Dioxide (CO2) Market: Sources Type Estimates & Trend Analysis
5 Carbon Dioxide (CO2) Market: Application Estimates& Trend Analysis
6 Carbon Dioxide (CO2) Market: Regional Estimates & Trend Analysis
7 Competitive Landscape
8 Company Profile
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