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Good Growth Opportunities in Global Carbon Dioxide Market Till 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.

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.


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.

To Know More About Carbon Dioxide Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/carbon-dioxide-market

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.

Top Players of Carbon Dioxide (CO2) Market:

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.

Market Segmentation of Carbon Dioxide (CO2) Market:

The Global Carbon Dioxide Market segmented on the basis of Source, Application, and Region.

By Source:

    Hydrogen
    Ethyl alcohol
    Ethylene oxide
    Substitute natural gas

By Application:

    Food & Beverages
    Oil & Gas
    Medical
    Rubber
    Fire Fighting

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East and Africa

Inquire about Carbon Dioxide Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1453
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