CO2 Market In-Depth Research & SWOT Analysis by Major Companies to 2026

Consumption of carbon dioxide witnessed a persistent rise during the historical period 2013-2017, and the status quo is expected to continue during the forecast period 2018-2026. According to Fact.MR, global carbon dioxide consumption is likely to reach nearly 23,000 KT in 2018, up from nearly 21,500 KT in 2017. The study shows that the carbon dioxide market remains moderately consolidated among tier 1 players and top 10 players collectively hold a revenue share of over 60%.

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Fact.MR’s 8-year outlook of the carbon dioxide market reveals optimistic growth opportunities against the backdrop of increasing emphasis on industrial applications of CO2 in an effort to establish the low carbon economy.

Extensive application of carbon dioxide in the food and beverage industry range from carbonating drinks and wine conservation to preservation of packaged food. Study opines that demand for carbon dioxide from the food and beverage industry will continue to share a bulk of market share and account for worth US$ 2352.8 Mn by the end of 2026.

Oil and gas industry is projected to hold the second largest market share in terms of volume. Study shows that metal manufacturing & fabrication industry is expected to closely follow the trail. Enhanced Oil Recovery (EOR) in the oil & gas industry continues to boost carbon dioxide consumption as CO2 –based EOR provides enhanced oil recovery.

Carbon dioxide market, amidst increasing demand from end-user industries, continues to seek balance in the supply-demand equation, finds Fact.MR. Primarily carbon dioxide is a by-product of multiple industrial production methods such as ammonia and hydrogen. Production dependency and accessibility of raw material continue to broaden the supply-demand gap in the carbon dioxide market.

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By the production method, the study shows that combustion will remain the preferred production method of carbon dioxide throughout the forecast period. Combustion method is estimated to hold 60% of the volume share. The biological method is expected to report a moderate growth and increasing adoption can be witnessed in EU countries that promote sustainable industrial production.

Transportation of carbon dioxide presents another challenge in the carbon dioxide supply chain. The study finds that the centralized delivery mode of transportation will be embraced by carbon dioxide stakeholders. Owing to the lower maintenance costs involved, the centralized delivery mode is estimated to hold over 62% of the volume share, wherein truck/bulk mode will account for the largest market share by 2026 end.

Carbon dioxide transportation system lacks sufficient pipeline infrastructure, however, increasing investments in the development of the international pipeline for oil and gas are expected to register faster adoption of pipeline mode in carbon dioxide market which is estimated to grow at an attractive value CAGR of 10% by 2026.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

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