Carbon Dioxide Market
The Carbon Dioxide Market is likely to expand at a noteworthy rate of 3.6% over the analysis period, as per the GMI Research. The intensified investment in research and development for sophisticated technologies in EOR and the growing agitation towards the negative influence of carbon discharge has strengthened the market size.
Request a free sample of Carbon Dioxide Market
Carbon Dioxide Market Dynamics
The growth in the carbon dioxide market is primarily attributed to the increasing usage of carbon dioxide in the medical, food & beverage, and oil and gas industry for enhanced oil operations. The growing application of carbon dioxide in the medical industry because of its enormous applications such as respiratory stimulation, cryotherapy, stabilizing body cavities, and negligibly infectious surgeries will strengthen the market growth. Also, it finds its immense usage in the tissue freezing and tooth sensitivity assessment. The augmenting enhanced oil recovery functions by various upstream companies to sustain their productivity levels will bolster the market growth. Carbon dioxide is extensively used in several applications in the food and beverage sector as it helps in the carbonation of drinks by poultry, freezing meat, and food-grade CO2. However, the increasing agitation towards the transportation of carbon dioxide is likely to restrain the market growth. Pipelines help in the transportation of CO2, but the insufficient norms concerned with the certification of pipelines quality might curb the Carbon Dioxide Market size.
Source Segment Drivers
Based on the source, the hydrogen segment is anticipated to experience significant growth over the coming years. Carbon dioxide is generally acquired as a by-product at the time of hydrogen production. Several processes used to produce hydrogen include electrolytic processes and thermochemical processes. As per the Carbon Dioxide Market research, these processes produce carbon dioxide as a by-product, which stimulates the production of hydrogen, further supplementing the market growth.
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
For more info:
Lighting Control System Market
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the carbon dioxide market include Air Liquide, Messer, Air Products, Inc., Linde plc,Taiyo Nippon Sanso Corp.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Carbon Dioxide Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/carbon-dioxide-market/download-sampleMarket DynamicsThe rising utilization of carbon dioxide (CO2)in the oil & gas sector for enhanced Oil Recovery (EOR) technology is the major factor driving the carbon dioxide market.
The growing usage of CO2 gas has been used for medical applications in the form of an insufflation component for several surgical procedures, including laparoscopy, endoscopy, and arthroscopy lead to high market demand from several industries.
The shift in focus of governments towards improvement in healthcare facilities owing to the ongoing global COVID-19 pandemic is positively impacting the market growth.
Moreover, the increasing adoption of the carbon dioxide oil and gas industry and food sector is likely to create growth opportunities for key players in the carbon dioxide market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
