Carbon Dioxide Market Share, Size, Trends, Industry Analysis Report, By Application (Medical, Rubber, Firefighting, Food & Beverage, Oil & Gas, Others); By Source; By Region; Segment Forecast, 2022 - 2029
The global carbon dioxide market size is expected to reach USD 9.91 billion by 2029 according to a new study by Polaris Market Research. The report “Carbon Dioxide Market Share, Size, Trends, Industry Analysis Report, By Application (Medical, Rubber, Firefighting, Food & Beverage, Oil & Gas, Others); By Source; By Region; Segment Forecast, 2022 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The robust demand for carbon dioxide in various end-use industries including pharmaceuticals & medical, food & beverages, rubber, rubber, oil & gas, is expected to drive the growth of the industry over the forecast period. CO2 has a wide application in the food & beverage industry owing to its utilization in cooling and refrigeration during the transportation of food. Large quantities of CO2 are required to be used as a raw material in the chemical process industry. CO2 gas is utilized to make urea, polyurethanes, methanol, and sodium salicylate. It is mixed with epoxides to create plastics and polymers.
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