A chemical compound generally found in the gaseous colorless form with a density of 53% higher than natural air is called carbon dioxide. It has significant application for heat trapping and can also be extracted from the burning of fossils fuels. The non-flammability of the gas offers safety of using the same for industrial applications.
MARKET DYNAMICS
The rising application of carbon dioxide for food & beverage production, and medical/pharmaceuticals industries is contributing to the growth of the market. Additionally, the increase in demand for carbon dioxide for oil recovery is also expected to contribute to the growth of the global carbon dioxide market.
MARKET SCOPE
The "Global Carbon Dioxide Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The carbon dioxide market report aims to provide an overview of the carbon dioxide market with detailed market segmentation by source, application, and geography. The global carbon dioxide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carbon dioxide market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global carbon dioxide market is segmented based on source, application. Based on source, the carbon dioxide market is segmented into hydrogen, ethyl alcohol, ethylene oxide, substitute natural gas, others. Based on application, the carbon dioxide market is segmented into food and beverages, oil and gas, medical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carbon dioxide market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The carbon dioxide market by each region is later sub-segmented by respective countries and segments. The carbon dioxide market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the carbon dioxide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the carbon dioxide market in these regions.
IMPACT OF COVID-19 ON CARBON DIOXIDE MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global carbon dioxide market. The demand for carbon dioxide declined significantly from the end-use industries owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the carbon dioxide producers thereby impacting the growth of the global carbon dioxide market from the supply side as well.
MARKET PLAYERS
The reports cover key developments in the carbon dioxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from carbon dioxide market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the carbon dioxide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carbon dioxide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Linde plc
- Air Products Inc.
- Air Liquide
- Sicgil india limited
- MATHESON TRI-GAS, INC.
- Universal Industrial Gases, Inc.
- SOL Spa
- POET, LLC.
- Messer North America, Inc.
- India Glycols Limited.