Latest Market Research Report 2025

  The global carbon dioxide (CO2) market was valued at USD 10,718.18 million in 2024 and is projected to experience a compound annual growth rate (CAGR) of 5.1% from 2025 to 2030. A key factor driving this market is the increased use of CO2 in enhanced oil recovery (EOR), especially as oil reserves are depleting and many regions, particularly in Asia, remain highly dependent on imported crude oil. Additionally, demand from various growing end-use industries, such as food and beverage and medical sectors, is expected to significantly contribute to CO2 market expansion during the forecast period. In the United States, one of the largest CO2 markets globally, revenues are anticipated to grow at a CAGR of 4.8%, driven by rising industrialization and the continued expansion of the oil and gas industry. The medical sector is becoming a prominent consumer of CO2, as it is used in a variety of critical applications. For instance, CO2 gas is commonly used as an insufflation agent in surgica...

  The global carbon dioxide market was estimated to be valued at USD 10.94 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This anticipated growth is largely driven by the increasing application of carbon dioxide (CO2) in enhanced oil recovery (EOR) techniques, a response to the depletion of oil reserves and a heavy reliance on crude oil imports, particularly in the Asia Pacific region. Additionally, the rising demand from key end-use industries such as food and beverages, as well as the medical sector, is expected to further stimulate the carbon dioxide market throughout the forecast period. The United States stands out as one of the leading markets for CO2 globally, projected to grow at a CAGR of 4.9% in terms of revenue in the coming years. This growth can be attributed to several factors, including heightened industrialization and the robust development of the oil and gas industry within the country. As industries ex...

  The global carbon dioxide (CO2) market was valued at USD 10.94 billion in 2023, with a projected compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This steady growth is driven by CO2's expanding applications, particularly in enhanced oil recovery (EOR) processes, which have become increasingly crucial due to the depletion of global oil reserves and the growing reliance on crude oil imports, especially in regions like the Asia Pacific. EOR techniques using CO2 have become essential for prolonging the operational life of oil fields and improving oil extraction efficiency, making CO2 a valuable resource in the oil and gas sector. Furthermore, the rising demand from other industries, such as food and beverages and the medical sector, is expected to further drive the growth of the CO2 market during the forecast period. The U.S. remains one of the largest and most prominent markets for CO2 globally. The country’s industrialization, along with the flourishing oil and gas ind...

  Carbon Dioxide Industry Overview The global  carbon dioxide market  size is expected to reach USD 6.83 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.3% from 2022 to 2030. Increasing usage of carbon dioxide for  Enhanced Oil Recovery  (EOR), and in the food & beverages and medical industries, is anticipated to fuel the growth of the global market during the forecast period. Depleting oil reserves and increasing dependence of different regions, mainly Asia Pacific, on crude oil imports, have surged the deployment of EOR technology, thereby contributing to the increased demand for Carbon Dioxide (CO2).   Carbon Dioxide Market Segmentation Grand View Research has segmented the global carbon dioxide market based on source, application, and region:   Based on the Source Insights, the market is segmented into Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Ga...