Carbon Dioxide Market will exhibit a CAGR of 2.5% and reach 12.15 Billion by 2027, and the market value as per 2019 was USD 10.00 Billion.
Fortune Business Insights in a report, titled “Carbon Dioxide Market Size, Share & Industry Analysis, By End-Use Industry (Food & Beverage, Oil & Gas, Metal Fabrication, Medical, and Others), and Regional Forecast, 2020-2027”
Carbon Dioxide Market Drivers and Restraints :
The growing utilization of carbon capture and storage (CCS) technology for the procurement of CO2 from the carbon emissions produced by biomass power plants, cement manufacturing, and consumption of fossil fuels for electricity generation will contribute effectively to the growth of the market.
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List of Significant Manufacturers Carbon Dioxide Market are:
- Air Products and Chemicals, Inc. (U.S.)
- Air Liquide (France)
- Sicgil India limited (India)
- Matheson Tri-Gas, Inc.(U.S.)
- Universal Industrial Gases, Inc.(U.S.)
- The Messer Group GmbH (Germany)
- SOL Spa (Italy)
- POET, LLC(U.S.)
- Reliant Gases(U.S.)
- India Glycols Limited (India)
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Rising Production of Green Fuels to Favor Growth in North America
Geographically, in 2019, Asia Pacific procured USD 17.94 billion in terms of revenue. It is anticipated to be the major contributor to the market growth backed by the persistent expansion of the construction and automotive industries. China is a significant consumer and manufacturer of methanol derivatives.
Some of the key industry developments in the Carbon Dioxide Market Include:
March 2020: Air Products announced that it has acquired ACP Europe SA, one of the largest biggest carbon dioxide manufacturers in Europe. The acquisition will aid the company to cater to the demand for carbon dioxide and better serve its customer across the European continent.
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