Product ID: UCMIG15A2083
Carbon Dioxide Market Size, Share, Growth Analysis, By Source(Hydrogen, Ethyl Alcohol), By Application(Food & Beverages, Oil & Gas), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG15A2083 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Carbon Dioxide Market Insights
Market Overview:
The worldwide carbon dioxide market had a value of USD 3.68 billion in 2021 and is predicted to rise at a CAGR of 7.3% from 2022 to 2030. The market is set to grow due to the increasing use of carbon dioxide for Enhanced Oil Recovery (EOR), the rise in the food and beverage and medical industries, and the depletion of oil reserves. In addition, the need to lessen dependence on crude oil imports in different areas of the world, mainly in Asia Pacific, has led to an increase in the deployment of EOR technology, resulting in market growth. The US is one of the largest markets for carbon dioxide in the world, with revenue growth projected to increase at a CAGR of 7.2% over the forecast period. This is due to the country's ongoing industrialization and the thriving oil and gas sector.
Carbon Dioxide Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Carbon Dioxide Market Report Snapshots
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