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Research Reports

Demand for industrial carbon dioxide is steadily rising from key industries such as oil & gas and food & beverages across various regions. Chemical industries have seen significant growth in the past few years, and are expected to maintain this pace over the coming years as well.

Growing demand for application of carbon dioxide in fire suppression and cooling sectors is also expected to drive market growth substantially through the forecast period of 2021-2031. East Asia, Asia Pacific, and North America are major markets for industrial carbon dioxide.

The global industrial carbon dioxide market is estimated to expand at a CAGR of around 3% over the forecast period of 2021-2031.

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Key Takeaways from Market Study

“Demand for carbon dioxide as a cooling agent is expected to be majorly driven by the dry ice sector, as it is required for the safe storage and transport of mRNA vaccines, especially in the U.S., Germany, and U.K.,” says a Persistence Market Research analyst.

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Competitive Landscape

This market has been identified as a moderately fragmented space, with leading international players accounting for a prominent chunk of revenue, even as they face intense competition from local players.

Some leading players included in the report, such as Abdullah Hashim Industrial & Equipment Co, Bristol Gases – Concorde Corodex Group, Dubai Industrial Gases, Mohsin Haider Darwish LLC, Ellenbarrie Industrial Gases Ltd., Matheson Tri-Gas Inc., Sicgil India Limited, and Air Products and Chemicals Inc., are anticipated to create a tough competitive environment at the global level.


The global industrial carbon dioxide market is anticipated to grow steadily owing to rising demand from key end-use industries such as oil & gas, food processing, and healthcare. Increasing use of industrial carbon dioxide is being witnessed in food processing, construction, metal, pharmaceutical, and oil and gas industries.

More Valuable Insights Available

Persistence Market Research, a research and consulting firm, has published a new market research report on the industrial carbon dioxide market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, source, application, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

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