San
Francisco, 05 April,
Carbon Dioxide (CO2) Market Analysis By Sources (Hydrogen, Ethyl Alcohol,
Ethylene Oxide, Substitute Natural Gas), By Application (Food & Beverages,
Oil & Gas, Medical, Rubber, Fire Fighting), Competitive Landscape, And
Segment Forecasts, 2018 - 2025
The global carbon dioxide market size
is expected to reach USD 8.6 billion by 2025, according to a new report by
Grand View Research, Inc. 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.
To control and regulate the emission from CO2 in the atmosphere,
government across the globe have formed various regulations such as Directive
2009/31/EC and Carbon Pollution Standard for new, modified and reconstructed
power plants. These regulations have formulated specific rules for the storage,
transport, usage and limiting the emission of carbon dioxide into the
atmosphere.
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.
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Research Report On Carbon Dioxide (CO2) Market Analysis:
Further Key Findings from the Study Suggest:
·
The global carbon dioxide
demand was USD 6.0 billion in 2015 and is expected to grow at a CAGR of 3.7%
from 2016 to 2025
·
Ethyl alcohol dominated the
source segment with over 34% of the market share in 2015 owing to the extensive
availability of resources, and cheap processes involved
·
Asia Pacific region had a
market share of over 30% in 2015. The market in the region is expected to grow
due to rising demand in the food & beverage industry, especially in the
emerging economies.
·
North America was the dominant
market in 2015, and the Middle East and Africa is anticipated to have the
highest growth rate over the forecast period
·
The market is highly
consolidated and competitive in nature. Some of the major industry participants
include Linde AG, Air Products and Chemical, Inc., Praxair, Inc., and Air
Liquide.
Browse More Reports Of This
Category By Grand View Research At: www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand View Research has
segmented the carbon dioxide market on the basis of source, application, and
region:
Carbon
Dioxide Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
·
Hydrogen
·
Ethyl alcohol
·
Ethylene oxide
·
Substitute natural gas
·
Others
Carbon
Dioxide Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014
- 2025)
·
Food & beverages
·
Oil & gas
·
Medical
·
Rubber
·
Fire fighting
·
Others
Carbon
Dioxide Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
·
North America
o
U.S
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
o
Italy
o
Spain
·
Asia Pacific
o
China
o
India
o
Japan
o
South Korea
·
Central & South America
o
Brazil
o
Argentina
·
Middle East and Africa
o
Saudi Arabia
o
UAE
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-carbon-dioxide-co2-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com/
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