North America Carbon Dioxide Market Size, Share & Trends Analysis Report By Application, By Form, By Source (Ethyl Alcohol, Hydrogen, Ethylene Oxide, Substitute Natural Gas, and Others), By Country and Growth Forecast, 2023 - 2030

North America Carbon Dioxide Market Size, Share & Trends Analysis Report By Application, By Form, By Source (Ethyl Alcohol, Hydrogen, Ethylene Oxide, Substitute Natural Gas, and Others), By Country and Growth Forecast, 2023 - 2030


The North America Carbon Dioxide Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 10,483.22 kilo tonnes, showcasing a growth of 1.8% (2019-2022).

In the carbon dioxide (CO2) market, one of the most significant sectors is food and beverages. CO2 is extensively used in this industry for various purposes, with one primary application being carbonation. CO2 is dissolved into beverages such as soda, beer, and sparkling water to create the desired level of fizziness, enhancing taste and mouthfeel. This process is crucial for producing a wide range of carbonated drinks that consumers enjoy worldwide. Therefore, the US Market consumed 1,300.01 Kilo Tones in the market in 2022.

The US market dominated the North America Carbon Dioxide Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,205.9 Million by 2030. The Canada market is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.9% during (2023 - 2030).

Adopting (CO2) technologies and solutions is driven by various factors, including regulatory requirements, market incentives, technological advancements, and sustainability goals. Across industries, businesses and governments increasingly recognize the importance of mitigating CO2 emissions and leveraging CO2 for sustainable development. Advances in CO2 capture, utilization, and storage technologies drive adoption by improving efficiency, scalability, and cost-effectiveness. Innovations in materials science, process engineering, and catalysis enable the development of novel CO2-based products and processes. Technological advancements reduce barriers to adoption, making CO2 solutions more accessible and attractive to businesses seeking to decarbonize their operations.

Furthermore, companies are increasingly focusing on supply chain sustainability and assessing the environmental impact of their products throughout the value chain. Adopting CO2 technologies enables companies to reduce the carbon footprint of their products and supply chains by using recycled CO2 as a raw material, minimizing emissions from production processes, and promoting circular economy principles. Supply chain sustainability initiatives drive demand for CO2-neutral or CO2-negative products, influencing adoption in the CO2 market.

The expansion of the greenhouse sector in Canada leads to a higher demand for CO2 as a critical input for plant growth. The largest proportion of total sales was generated in Ontario (55.2%), with Quebec (13.2%) and British Columbia (21.4%) following suit. Furthermore, in 2021, greenhouse sales increased by 8.3% year-over-year to reach $3.8 billion, whereas nursery product sales increased by 4.3% to $747.5 million. Thus, the growth of the greenhouse industry and expanding renewable energy sector in the region drive the market’s growth.

Based on Application, the market is segmented into Food & Beverages, Oil & Gas, Medical, Rubber, Firefighting, and Others. Based on Form, the market is segmented into Liquid, Gas, and Solid. Based on Source, the market is segmented into Ethyl Alcohol, Hydrogen, Ethylene Oxide, Substitute Natural Gas, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • SOL Group
  • India Glycols Limited
  • Gulf Cryo
  • Linde plc
  • Ellenbarrie Industrial Gases Limited
  • Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Holdings)
  • Dubai Industrial Gas (Al Mana Group)
  • Buzwair Industrial Gases Factories (Buzwair Group)
  • Messer SE & Co. KGaA (Messer Industrie GmbH)
  • Acail Gas (Acail Group)
North America Carbon Dioxide Market Report Segmentation

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Food & Beverages
  • Oil & Gas
  • Medical
  • Rubber
  • Firefighting
  • Others
By Form (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Liquid
  • Gas
  • Solid
By Source (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • Ethyl Alcohol
  • Hydrogen
  • Ethylene Oxide
  • Substitute Natural Gas
  • Others
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Carbon Dioxide Market, by Application
1.4.2 North America Carbon Dioxide Market, by Form
1.4.3 North America Carbon Dioxide Market, by Source
1.4.4 North America Carbon Dioxide Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Carbon Dioxide Market
Chapter 5. North America Carbon Dioxide Market by Application
5.1 North America Food & Beverages Market by Country
5.2 North America Oil & Gas Market by Country
5.3 North America Medical Market by Country
5.4 North America Rubber Market by Country
5.5 North America Firefighting Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Carbon Dioxide Market by Form
6.1 North America Liquid Market by Country
6.2 North America Gas Market by Country
6.3 North America Solid Market by Country
Chapter 7. North America Carbon Dioxide Market by Source
7.1 North America Ethyl Alcohol Market by Country
7.2 North America Hydrogen Market by Country
7.3 North America Ethylene Oxide Market by Country
7.4 North America Substitute Natural Gas market by Country
7.5 North America Others Market by Country
Chapter 8. North America Carbon Dioxide Market by Country
8.1 US Carbon Dioxide Market
8.1.1 US Carbon Dioxide Market by Application
8.1.2 US Carbon Dioxide Market by Form
8.1.3 US Carbon Dioxide Market by Source
8.2 Canada Carbon Dioxide Market
8.2.1 Canada Carbon Dioxide Market by Application
8.2.2 Canada Carbon Dioxide Market by Form
8.2.3 Canada Carbon Dioxide Market by Source
8.3 Mexico Carbon Dioxide Market
8.3.1 Mexico Carbon Dioxide Market by Application
8.3.2 Mexico Carbon Dioxide Market by Form
8.3.3 Mexico Carbon Dioxide Market by Source
8.4 Rest of North America Carbon Dioxide Market
8.4.1 Rest of North America Carbon Dioxide Market by Application
8.4.2 Rest of North America Carbon Dioxide Market by Form
8.4.3 Rest of North America Carbon Dioxide Market by Source
Chapter 9. Company Profiles
9.1 SOL Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Geographical Expansions:
9.1.5 SWOT Analysis
9.2 India Glycols Limited
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Gulf Cryo
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.2.2 Geographical Expansions:
9.3.3 SWOT Analysis
9.4 Linde PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Ellenbarrie Industrial Gases Limited
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 Taiyo Nippon Sanso Corporation (Mitsubishi Chemical Group Corporation)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Dubai Industrial Gas (Al Mana Group)
9.7.1 Company Overview
9.8 Buzwair Industrial Gases Factories (Buzwair Group)
9.8.1 Company Overview
9.9 Messer SE & Co. KGaA (Messer Industrie GmbH)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Geographical Expansions:
9.9.5 SWOT Analysis
9.10. Acail Gas (Acail Group)
9.10.1 Company Overview

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