A study by Triton Market Research with the title ‘Global Carbon Dioxide Market,’ covers the Global Analysis and Forecast for 2019-2028 segmented by Source (Hydrogen, Substitute Natural Gas, Ethyl Alcohol, Ethylene Oxide, Other Sources), Application (Rubber, Medical, Oil & Gas, Food & Beverages, Firefighting, Other Applications), and by Geographical Region (Europe, Asia-Pacific, Middle East and Africa, North America, Latin America).
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According to the report, the global carbon dioxide market is estimated to reach $9641.60 million by 2028, augmenting with a CAGR of 3.02% in terms of revenue and 2.59% in terms of volume over the estimated period between 2019 and 2028. Carbon dioxide is a colorless gas, recovered from different applications from limekilns, from flue gases in the form of by-product during the preparation of hydrogen in the synthesis of ammonia, and other sources. It is used in fire extinguishers due to its electrically non-conductive nature.
The growing young population and the increasing disposable income of the consumers are driving the growth of the global carbon dioxide market. The rising prevalence of different flavors like orange, lemon and cola in the carbonated beverages is likely to aid the global market growth. However, the burden of bearing huge costs is likely to restrain the carbon dioxide market growth. These costs may vary on the technology use, fuel type, power plan type and transportation type.
The carbon dioxide market is divided into two main segments, source and application. The first segment, source is sub-segmented into hydrogen, substitute natural gas, ethyl alcohol, ethylene oxide and other sources. The second major segment, application, divides into rubber, medical, oil & gas, food & beverages, firefighting and other applications.
Considering the geographical outlook, Asia-Pacific is predicted to be the fastest-growing region for the carbon dioxide market. The region is also likely to be the largest carbon dioxide market over the projected years. Due to the increased health-consciousness among the consumers in countries like South Korea and Australia & New Zealand, there is an increase in the demand for the beverages sector. As carbon dioxide finds its application in this sector and hence the growth in the beverage industry will consequently lead to the growth of the regional market.
Few of the major players in the carbon dioxide market are Continental Carbonic Products Inc, Inox Air Products Pvt Ltd (Air Products and Chemicals Inc), Air Liquide, Air Products and Chemicals Inc, Universal Industrial Gases Inc, Linde, BOC, Matheson Tri-Gas Inc, Cosmo Engineering Co Ltd and Airgas Inc.
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Question & Answer: Carbon Dioxide Market
Question 1: Which factors are driving the growth of the global carbon dioxide market growth?
Answer: The growing young population and the increasing disposable income of the consumers are driving the growth of the global carbon dioxide market. The rising prevalence of different flavors like orange, lemon and cola in the carbonated beverages is likely to aid the global market growth. The burden of bearing huge costs is likely to restrain the carbon dioxide market growth. These costs may vary on the technology use, fuel type, power plan type and transportation type.
Question 2: Which factors are likely to restrain the global carbon dioxide market growth?
Answer: The burden of bearing huge costs is likely to restrain the global carbon dioxide market growth. These costs may vary on the technology use, fuel type, power plan type and transportation type.
Question 3: How is Asia-Pacific influencing the carbon dioxide market outlook?
Answer: Considering the geographical outlook, Asia-Pacific is predicted to be the fastest-growing region for the carbon dioxide market. The region is also likely to be the largest carbon dioxide market over the projected years. Due to the increased health-consciousness among the consumers in countries like South Korea and Australia & New Zealand, there is an increase in the demand for the beverages sector. As carbon dioxide finds its application in this sector and hence the growth in the beverage industry will consequently lead to the growth of the regional market.
Question 4: What are some of the major players mentioned in the competitive landscape of the carbon dioxide market report?
Answer: Few of the major players in the carbon dioxide market are Continental Carbonic Products Inc, Inox Air Products Pvt Ltd (Air Products and Chemicals Inc), Air Liquide, Air Products and Chemicals Inc, Universal Industrial Gases Inc, Linde, BOC, Matheson Tri-Gas Inc, Cosmo Engineering Co Ltd and Airgas Inc.
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The Global Process Oil Market is estimated to progress at $7155.2 million by the year 2027, with a CAGR of 3.85% and 3.81% in terms of revenue and volume respectively in the projected period 2019-2027.
The rising application for process oil in the making of different personal care products like petroleum, cold creams, jelly, ointment and cosmetics is driving the global process oil market. As the skincare market is predicted to increase further, increased demand for process oil is anticipated. Rubber process oils are used to enhance the processing of rubber and its compounds.
The usage of low polyaromatic hydrocarbon oils, leading to a higher demand for naphthenic oil, is likely to create opportunities for the process oil market. A large number of exploration activities are going on in both OPEC and non-OPEC member countries. This factor is likely to pave the way for the process oil market.
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