Carbon Dioxide (CO2) Market

The Carbon Dioxide (CO2) market encompasses the production and sale of CO2 gas for various industrial applications. The primary customers are in the oil & gas sector, which uses CO2 for enhanced oil recovery, and the food & beverage industry, which uses it for carbonation. Key growth drivers include rising global energy demand, the expansion of the food and beverage industry, rapid industrialization in emerging economies, and a growing focus on carbon utilization technologies.

CAGR

4.37%

Compound Annual Growth Rate

Current Value

$8.88B

Estimated 2026

Projected Value

$12.5B

By 2034

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