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The carbon dioxide market size is estimated to increase by USD 2.12 billion, at a CAGR of 4.48% between 2023 and 2028. Market expansion relies on several factors, notably the heightened need for CO2 in the oil and gas sector, the growing applications across the food and beverage industry, and the advancement of carbon capture and storage. However, challenges persist, including the steep manufacturing expenses associated with industrial CO2, stringent regulations, safety apprehensions concerning its storage and transportation, and the potential adverse impacts of CO2 leakage, impeding market growth. As demand escalates across various industries, particularly in oil and gas and food and beverages, addressing these challenges becomes paramount. Mitigating manufacturing costs through efficiency measures and adhering to rigorous safety protocols are essential steps. Additionally, investing in innovative solutions for carbon capture and storage as well as carbon dioxide removal can help alleviate concerns regarding CO2 leakage, fostering sustainable growth in the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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