U.S. Carbon Dioxide Market - A Regional Analysis: Focus on Application, Form, Source, and Country-Level Analysis - Analysis and Forecast, 2024-2033

Introduction to the U.S. Carbon Dioxide Market (Including Market in 2024 and 2033)

In the United States, demand for carbon dioxide (CO ) is rising across multiple sectors, from food and beverage to enhanced oil recovery (EOR) and metals fabrication. By 2024, heightened focus on sustainability and tightened supply chains (including potential disruptions in ethanol-based CO ) are driving innovation in production methods and distribution logistics. Over the next decade, advanced carbon capture, utilization, and storage (CCUS) technologies will further boost CO supply from industrial and power-generation sources, aligning with national decarbonization goals.

Looking toward 2033, consistent growth is expected as industries increasingly rely on CO for both conventional (e.g., beverage carbonation, firefighting, medical usage) and emerging applications (e.g., synthetic fuels, algae-based products). In tandem, expansions in carbon credit trading and the global CCUS market position the U.S. CO sector for stable demand, especially as companies seek to monetize captured emissions or offset carbon footprints.

Segmentation by Application

Urea

CO used in synthesizing urea for fertilizers and industrial chemicals.
Ties closely to agriculture trends and ammonia production capacity.
Oil and Gas (Enhanced Oil Recovery)

A traditional, large-volume sink for CO , injecting it into wells to extract additional crude.
New carbon policies and incentives (like 45Q credits) may spur additional EOR projects.
Food and Beverages

Sparkling drinks, meat processing, and modified atmosphere packaging rely heavily on liquid/gaseous CO .
Market stability but occasional supply disruptions when ethanol production fluctuates.
Metal Fabrication

Used as a shielding gas in welding, supporting automotive, aerospace, and general manufacturing.
Medical

Key roles include insufflation during surgeries, cryotherapy, and calibrating medical devices.
Subject to rigorous quality and safety standards.
Others

Includes firefighting, rubber processing, water treatment, and an expanding set of niche uses.

Segmentation by Form

Gas: Bulk pipelines or cylinders delivered under pressure for industrial or commercial usage.
Liquid: Stored in cryogenic tanks, critical for large-scale distribution, especially in beverage and food processing.
Solid: Dry ice used in cold-chain logistics, shipping perishables, and specialty cleaning.

Segmentation by Source

Conventional: Deriving CO from natural wells, ethanol fermentation, ammonia plants, or other established industrial processes.
Renewable: Emerging production via biomass gasification or carbon capture from renewable-based power generation.

Regional Overview (U.S.)

The U.S. is divided into four major regions:

Northeast: Higher population density drives demand for food-grade CO ; less EOR activity.
Midwest: Ethanol plants, major driver of CO supply; strong agriculture sector.
South: Substantial EOR in oil fields (Texas), plus high industrial usage.
West: Balanced needs for food/beverage, with some industrial usage in California, along with potential expansions in CCUS.

Key Players in the Market

Air Liquide
Linde plc
Air Products and Chemicals, Inc.
Messer Group
Taiyo Nippon Sanso Corporation
Universal Industrial Gases, Inc.
POET, LLC
Greco Gas Inc.
CryoCarb
Zephyr Solutions, LLC
MATHESON TRI-GAS, INC.
Reliant Holdings Ltd.
Denbury Inc. (now part of ExxonMobil)
TOMCO2 Systems
Sutton-Garten Dry Ice

Trend in the Market

A growing trend is increased CO recovery and utilization from carbon capture projects, where captured emissions from power plants or industrial complexes are purified for commercial sale or usage. This approach not only bolsters CO supply but also aligns with corporate ESG goals and government climate incentives, thereby forging new revenue models for otherwise vented emissions.

Driver in the Market

Expanding demand from food, beverage, and health sectors is a key driver. Trends like ready-to-drink carbonated beverages, medical usage, and demand for cold-chain logistics rely on consistent CO supply (liquid or dry ice), buoying the overall market and encouraging producers to invest in new production and distribution assets.

Restraint in the Market

Despite robust demand, fluctuating ethanol production and carbon capture economics can cause supply uncertainties. When ethanol plants slow or shut down, CO availability tightens, driving up prices and forcing some end users to adopt alternative solutions or scale back operations temporarily.

Opportunity in the Market

Growing carbon credit and CCUS frameworks open new pathways for capturing and monetizing CO from large emitters. With supportive policies, producers can expand capacity, fueling CO usage in EOR, chemical manufacturing, and novel processes (e.g., algae-based production, synthetic fuels), creating lucrative partnerships between power/industrial plants, pipeline operators, and CO end users.

*PDF email from publisher allows for 1-3 users, with permission to print*

Please Note: It will take 7-10 business days to complete the report upon order confirmation.