Carbon Dioxide Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Carbon Dioxide Market will exhibit a CAGR of 2.5% and reach 12.15 Billion by 2027, and the market value as per 2019 was USD 10.00 Billion.
Fortune
Business Insights in a report, titled “Carbon Dioxide
Market Size, Share & Industry Analysis, By End-Use
Industry (Food & Beverage, Oil & Gas, Metal Fabrication, Medical, and
Others), and Regional Forecast, 2020-2027”
Carbon
Dioxide Market Drivers and Restraints :
The
growing utilization of carbon capture and storage (CCS) technology for the
procurement of CO2 from the carbon emissions produced by
biomass power plants, cement manufacturing, and consumption of fossil fuels for
electricity generation will contribute effectively to the growth of the market.
This process also aids in lowering carbon emission in the atmosphere and
preventing air pollution. The increasing application of carbon dioxide in the
oil & gas industry for enhanced oil recovery will incite the practice of
CCS technology for capturing CO2. The growing cognizance
about the benefits of CCS such as, reduced CO2 emissions,
positive environmental impact, and maintain ecological balance will escalate
the adoption of the is technology. In addition, the rising implementation of
carbon capture and storage (CCS) technology around the globe can be an
essential factor in bolstering the growth of the market in the foreseeable
future.
List of Significant Manufacturers Carbon Dioxide Market are:
- Air Products and Chemicals, Inc.
(U.S.)
- Air Liquide (France)
- Sicgil India limited (India)
- Matheson Tri-Gas, Inc.(U.S.)
- Universal Industrial Gases,
Inc.(U.S.)
- The Messer Group GmbH (Germany)
- SOL Spa (Italy)
- POET, LLC(U.S.)
- Reliant Gases(U.S.)
- India Glycols Limited
(India)
To gain more insights into the market with a
detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/carbon-dioxide-market-102866
Some of the key industry developments in the Carbon Dioxide Market Include:
March
2020: Air Products
announced that it has acquired ACP Europe SA, one of the largest biggest carbon
dioxide manufacturers in Europe. The acquisition will aid the company to cater
to the demand for carbon dioxide and better serve its customer across the
European continent.
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