Carbon Dioxide Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

Coverage: Carbon Dioxide Market covers analysis By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others); Application (Food and Beverages, Oil and Gas, Medical, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Oct 2025
  • Report Code : TIPRE00029657
  • Category : Energy and Power
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Carbon Dioxide Market is expected to register a CAGR of XX% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The report is categorized by Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas) and further analyzes the market based on Application (Food and Beverages, Oil and Gas, Medical). A comprehensive breakdown is provided at global, regional, and country levels for each of these key segments.

The report includes market size and forecasts across all segments, presenting values in USD. It also delivers key statistics on the current market status of leading players, along with insights into prevailing market trends and emerging opportunities.

Purpose of the Report

The report Carbon Dioxide Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Carbon Dioxide Market Segmentation

Source
  • Hydrogen
  • Ethyl Alcohol
  • Ethylene Oxide
  • Substitute Natural Gas
Application
  • Food and Beverages
  • Oil and Gas
  • Medical

Strategic Insights

Carbon Dioxide Market Growth Drivers
  • Innovative Carbon Capture Technologies Transforming Industries
  • Growing Demand for Sustainable Solutions in Energy and Manufacturing
  • Government Policies Driving Investment in Carbon Reduction Initiatives
Carbon Dioxide Market Future Trends
  • Carbon Capture Tech Revolutionizes CO2 Market Dynamics
  • Green Bonds Surge as Investors Seek Sustainable Carbon Solutions
  • AI-Driven Carbon Trading Platforms Transform Emission Reductions
Carbon Dioxide Market Opportunities
  • Innovative Carbon Capture Solutions for Industrial Emissions
  • Sustainable Carbon Offsetting Programs for Eco-Conscious Consumers
  • Advanced CO2 Utilization Technologies Transforming Waste into Resources

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Carbon Dioxide Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Carbon Dioxide Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
World Geography

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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Carbon Dioxide Market - By Source
1.3.2 Carbon Dioxide Market - By Application
1.3.3 Carbon Dioxide Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. CARBON DIOXIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. CARBON DIOXIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. CARBON DIOXIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. CARBON DIOXIDE - GLOBAL MARKET OVERVIEW
6.2. CARBON DIOXIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. CARBON DIOXIDE MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. HYDROGEN
7.3.1. Overview
7.3.2. Hydrogen Market Forecast and Analysis
7.4. ETHYL ALCOHOL
7.4.1. Overview
7.4.2. Ethyl Alcohol Market Forecast and Analysis
7.5. ETHYLENE OXIDE
7.5.1. Overview
7.5.2. Ethylene Oxide Market Forecast and Analysis
7.6. SUBSTITUTE NATURAL GAS
7.6.1. Overview
7.6.2. Substitute Natural Gas Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CARBON DIOXIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. OIL AND GAS
8.4.1. Overview
8.4.2. Oil and Gas Market Forecast and Analysis
8.5. MEDICAL
8.5.1. Overview
8.5.2. Medical Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. CARBON DIOXIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Carbon Dioxide Market Overview
9.1.2 North America Carbon Dioxide Market Forecasts and Analysis
9.1.3 North America Carbon Dioxide Market Forecasts and Analysis - By Source
9.1.4 North America Carbon Dioxide Market Forecasts and Analysis - By Application
9.1.5 North America Carbon Dioxide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Carbon Dioxide Market
9.1.5.1.1 United States Carbon Dioxide Market by Source
9.1.5.1.2 United States Carbon Dioxide Market by Application
9.1.5.2 Canada Carbon Dioxide Market
9.1.5.2.1 Canada Carbon Dioxide Market by Source
9.1.5.2.2 Canada Carbon Dioxide Market by Application
9.1.5.3 Mexico Carbon Dioxide Market
9.1.5.3.1 Mexico Carbon Dioxide Market by Source
9.1.5.3.2 Mexico Carbon Dioxide Market by Application
9.2. EUROPE
9.2.1 Europe Carbon Dioxide Market Overview
9.2.2 Europe Carbon Dioxide Market Forecasts and Analysis
9.2.3 Europe Carbon Dioxide Market Forecasts and Analysis - By Source
9.2.4 Europe Carbon Dioxide Market Forecasts and Analysis - By Application
9.2.5 Europe Carbon Dioxide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Carbon Dioxide Market
9.2.5.1.1 Germany Carbon Dioxide Market by Source
9.2.5.1.2 Germany Carbon Dioxide Market by Application
9.2.5.2 France Carbon Dioxide Market
9.2.5.2.1 France Carbon Dioxide Market by Source
9.2.5.2.2 France Carbon Dioxide Market by Application
9.2.5.3 Italy Carbon Dioxide Market
9.2.5.3.1 Italy Carbon Dioxide Market by Source
9.2.5.3.2 Italy Carbon Dioxide Market by Application
9.2.5.4 United Kingdom Carbon Dioxide Market
9.2.5.4.1 United Kingdom Carbon Dioxide Market by Source
9.2.5.4.2 United Kingdom Carbon Dioxide Market by Application
9.2.5.5 Russia Carbon Dioxide Market
9.2.5.5.1 Russia Carbon Dioxide Market by Source
9.2.5.5.2 Russia Carbon Dioxide Market by Application
9.2.5.6 Rest of Europe Carbon Dioxide Market
9.2.5.6.1 Rest of Europe Carbon Dioxide Market by Source
9.2.5.6.2 Rest of Europe Carbon Dioxide Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Carbon Dioxide Market Overview
9.3.2 Asia-Pacific Carbon Dioxide Market Forecasts and Analysis
9.3.3 Asia-Pacific Carbon Dioxide Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Carbon Dioxide Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Carbon Dioxide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Carbon Dioxide Market
9.3.5.1.1 Australia Carbon Dioxide Market by Source
9.3.5.1.2 Australia Carbon Dioxide Market by Application
9.3.5.2 China Carbon Dioxide Market
9.3.5.2.1 China Carbon Dioxide Market by Source
9.3.5.2.2 China Carbon Dioxide Market by Application
9.3.5.3 India Carbon Dioxide Market
9.3.5.3.1 India Carbon Dioxide Market by Source
9.3.5.3.2 India Carbon Dioxide Market by Application
9.3.5.4 Japan Carbon Dioxide Market
9.3.5.4.1 Japan Carbon Dioxide Market by Source
9.3.5.4.2 Japan Carbon Dioxide Market by Application
9.3.5.5 South Korea Carbon Dioxide Market
9.3.5.5.1 South Korea Carbon Dioxide Market by Source
9.3.5.5.2 South Korea Carbon Dioxide Market by Application
9.3.5.6 Rest of Asia-Pacific Carbon Dioxide Market
9.3.5.6.1 Rest of Asia-Pacific Carbon Dioxide Market by Source
9.3.5.6.2 Rest of Asia-Pacific Carbon Dioxide Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Carbon Dioxide Market Overview
9.4.2 Middle East and Africa Carbon Dioxide Market Forecasts and Analysis
9.4.3 Middle East and Africa Carbon Dioxide Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Carbon Dioxide Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Carbon Dioxide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Carbon Dioxide Market
9.4.5.1.1 South Africa Carbon Dioxide Market by Source
9.4.5.1.2 South Africa Carbon Dioxide Market by Application
9.4.5.2 Saudi Arabia Carbon Dioxide Market
9.4.5.2.1 Saudi Arabia Carbon Dioxide Market by Source
9.4.5.2.2 Saudi Arabia Carbon Dioxide Market by Application
9.4.5.3 U.A.E Carbon Dioxide Market
9.4.5.3.1 U.A.E Carbon Dioxide Market by Source
9.4.5.3.2 U.A.E Carbon Dioxide Market by Application
9.4.5.4 Rest of Middle East and Africa Carbon Dioxide Market
9.4.5.4.1 Rest of Middle East and Africa Carbon Dioxide Market by Source
9.4.5.4.2 Rest of Middle East and Africa Carbon Dioxide Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Carbon Dioxide Market Overview
9.5.2 South and Central America Carbon Dioxide Market Forecasts and Analysis
9.5.3 South and Central America Carbon Dioxide Market Forecasts and Analysis - By Source
9.5.4 South and Central America Carbon Dioxide Market Forecasts and Analysis - By Application
9.5.5 South and Central America Carbon Dioxide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Carbon Dioxide Market
9.5.5.1.1 Brazil Carbon Dioxide Market by Source
9.5.5.1.2 Brazil Carbon Dioxide Market by Application
9.5.5.2 Argentina Carbon Dioxide Market
9.5.5.2.1 Argentina Carbon Dioxide Market by Source
9.5.5.2.2 Argentina Carbon Dioxide Market by Application
9.5.5.3 Rest of South and Central America Carbon Dioxide Market
9.5.5.3.1 Rest of South and Central America Carbon Dioxide Market by Source
9.5.5.3.2 Rest of South and Central America Carbon Dioxide Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. CARBON DIOXIDE MARKET, KEY COMPANY PROFILES
11.1. LINDE PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AIR PRODUCTS INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AIR LIQUIDE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SICGIL INDIA LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MATHESON TRI-GAS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. UNIVERSAL INDUSTRIAL GASES, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SOL SPA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. POET, LLC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MESSER NORTH AMERICA, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. INDIA GLYCOLS LIMITED.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1.Linde plc
2. Air Products Inc.
3.Air Liquide
4. Sicgil india limited
5.MATHESON TRI-GAS, INC.
6.Universal Industrial Gases, Inc.
7.SOL Spa
8.POET, LLC.
9.Messer North America, Inc.
10.India Glycols Limited.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.