Liquid Carbon Dioxide Market: North America Will Continue to Hold the Largest Volume Share of 11,760 KT by the end of 2026
Liquid Carbon Dioxide Market: North America Will Continue to Hold the Largest Volume Share of 11,760 KT by the end of 2026
Published by top news
Posted on August 12, 2021
Fact.MR’s 8-year outlook of the carbon dioxide market reveals optimistic growth opportunities against the backdrop of increasing emphasis on industrial applications of CO2 in an effort to establish the low carbon economy.
Consumption of carbon dioxide witnessed a persistent rise during the historical period 2013-2017, and the status quo is expected to continue during the forecast period 2018-2026. According to Fact.MR, global carbon dioxide consumption is likely to reach nearly 23,000 KT in 2018, up from nearly 21,500 KT in 2017. The study shows that the carbon dioxide market remains moderately consolidated among tier 1 players and top 10 players collectively hold a revenue share of over 60%.Extensive application of carbon dioxide in the food and beverage industry range from carbonating drinks and wine conservation to preservation of packaged food. Study opines that demand for carbon dioxide from the food and beverage industry will continue to share a bulk of market share and account for worth US$ 2352.8 Mn by the end of 2026.
According to Fact.MR estimations, North America will continue to hold the largest volume share of 11,760 KT by the end of 2026. China is projected to follow suit with respect to volume share. Study finds that the flourishing oil and gas industry in these regions is one of the prime fillip responsible for their leading shares in the global carbon dioxide market.
Carbon dioxide market in Europe is estimated to outsell China in terms of value share with an excess of US$ 16 Mn by the end of 2026. The forecast includes current Europe carbon dioxide market dynamics which cover increasing CO2 prices on the back of CO2 shortage and growing reliance on imports.
In the CO2 market space, stakeholders will target higher market share by adopting shrewd market strategies such as mergers and acquisitions. The merger of two industrial gas giants – Linde Ag and Praxair, Inc. was confirmed in October 2018. Another prominent market player – Airgas, an Air Liquide company acquired Weiler Welding Company in May 2018. These acquisitions are majorly aimed at strengthening local distribution network of the carbon dioxide market.
Following Questions Answers Covered in the Report are:
How will the global Carbon Dioxide / CO2 Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Carbon Dioxide / CO2 Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Carbon Dioxide / CO2 Market?
How will these strategies influence the market growth and competition?
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Fact.MR’s 8-year outlook of the carbon dioxide market reveals optimistic growth opportunities against the backdrop of increasing emphasis on industrial applications of CO2 in an effort to establish the low carbon economy.
Consumption of carbon dioxide witnessed a persistent rise during the historical period 2013-2017, and the status quo is expected to continue during the forecast period 2018-2026. According to Fact.MR, global carbon dioxide consumption is likely to reach nearly 23,000 KT in 2018, up from nearly 21,500 KT in 2017. The study shows that the carbon dioxide market remains moderately consolidated among tier 1 players and top 10 players collectively hold a revenue share of over 60%.Extensive application of carbon dioxide in the food and beverage industry range from carbonating drinks and wine conservation to preservation of packaged food. Study opines that demand for carbon dioxide from the food and beverage industry will continue to share a bulk of market share and account for worth US$ 2352.8 Mn by the end of 2026.
According to Fact.MR estimations, North America will continue to hold the largest volume share of 11,760 KT by the end of 2026. China is projected to follow suit with respect to volume share. Study finds that the flourishing oil and gas industry in these regions is one of the prime fillip responsible for their leading shares in the global carbon dioxide market.
Carbon dioxide market in Europe is estimated to outsell China in terms of value share with an excess of US$ 16 Mn by the end of 2026. The forecast includes current Europe carbon dioxide market dynamics which cover increasing CO2 prices on the back of CO2 shortage and growing reliance on imports.
In the CO2 market space, stakeholders will target higher market share by adopting shrewd market strategies such as mergers and acquisitions. The merger of two industrial gas giants – Linde Ag and Praxair, Inc. was confirmed in October 2018. Another prominent market player – Airgas, an Air Liquide company acquired Weiler Welding Company in May 2018. These acquisitions are majorly aimed at strengthening local distribution network of the carbon dioxide market.
Following Questions Answers Covered in the Report are:
How will the global Carbon Dioxide / CO2 Market perform during the forecast period? What will be the market size in terms of value and volume?
Which segment will drive the global Carbon Dioxide / CO2 Market? Which regional market will show extensive growth in the future? What are the reasons?
How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
What are the key strategies adopted by players to sustain themselves in the global Carbon Dioxide / CO2 Market?
How will these strategies influence the market growth and competition?
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
