About Co2 Gas
Carbon dioxide is a colorless gas present naturally in the atmosphere. It is generally recovered from fossil fuels such as coal, gasoline, wood, etc. Moreover, it is recovered as a by-product from the manufacture of hydrogen for ammonia synthesis. This CO2 gas is captured and converted into liquid carbon dioxide for various applications. Gaseous carbon dioxide is used in enhanced oil recovery and on-site chemical manufacturing.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The carbon dioxide market is a fragmented market due to the presence of a large number of established competitors. Key players focus on innovating and developing new strategies to maintain their market position and customer base. The company is also planning strategic activities such as partnerships, collaborations, mergers, and acquisitions that help it maintain its position in the market and maintain its competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Co2 Gas market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Liquide International S.A. (France), Linde PLC (Ireland), Air Products and Chemicals; Inc. (United States), Continental Carbonic Products; Inc. (United States), Matheson Tri-Gas; Inc. (United States), Universal Industrial Gases; Inc. (United States), SICGIL India Limited (India), Asco Carbon Dioxide Ltd. (Switzerland), The Messer Group GmbH (Germany) and Reliant Gases (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SOL Spa (Italy), POET, LLC (United States), India Glycols Limited (India) and INOX Air Products Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Co2 Gas market by , Application (Food & Beverages, Oil & Gas, Chemicals, Pharmaceuticals & Biopharma, Rubber & Plastics and Others (Environmental Uses, Metal Industry, Medical)) and Region.
On the basis of geography, the market of Co2 Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Vietnam, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Production, the sub-segment i.e. Industrial capture will boost the Co2 Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Industrial Grade will boost the Co2 Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Wood will boost the Co2 Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Application of CO2 in the End-Use Industries such as Oil & Gas, Food and Beverages, and Medical and Growing Demand of Carbonated Drinks across the Globe
Challenges:
Risk Associated With the Transportation of CO2
Restraints:
Stringent Government Regulations owing to Harmful Impact of CO2 and High Cost of Transportation and Maintenance
Opportunities:
Rising Oil and Gas Activities in the Gulf Countries Using Technologies such as EOR and IOR
Market Leaders and their expansionary development strategies
In November 2023, Chevron, the oil and gas giant, acquired Carbon Clean Solutions, a leader in CO2 capture technology. This move strengthens Chevron's position in the CCUS space and signals its commitment to carbon reduction.
In June 2023, Carbon Engineering, a pioneer in direct air capture, opened the world's first commercial-scale Air To Fuels plant in Canada. This facility will convert captured CO2 into synthetic gasoline and diesel, paving the way for wider adoption of the technology.
Key Target Audience
CO2 Gas Producers, Gas Suppliers/Distributors, Oil & Gas Companies, Research Institutes, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.