July 17, 2020

Global Carbon Dioxide Market Research 2020 - 2027

The global carbon dioxide market size is expected to reach USD 10.00 Billion by 2027, registering a revenue-based CAGR of 3.4% during the forecast period, according to a new report. Increasing application of carbon dioxide in the Enhanced Oil Recovery (EOR) technology, food and beverages, and medical industry is anticipated to be the major growth driver.
Factors like fluctuating crude oil prices and increasing number of matured wells are expected to drive the EOR market over the foreseeable future. Increasing need for extracting oil and other hydrocarbons from unconventional and low-permeability reserves, such as tight sands and carbonate traps, is expected to have a positive influence on the EOR market.
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/carbon-dioxide-market/request-sample
North American and European companies are focusing on R&D activities and improving EOR techniques. Technological advancements coupled with the introduction of several modern techniques, which utilize CO2 released in the production stage, are estimated to create growth opportunities for the market in the forthcoming years.
The CO2 market is moderately consolidated with the presence of numerous large multinational players. This makes the industry highly competitive in nature as it also requires high initial investment and R&D cost. Rising investments are anticipated to propel the market during the forecast period.
Further key findings from the report suggest:
• North America held the largest market share in terms of volume in 2019 and is expected to reach 44,806.1 kilotons by 2027
• Ethyl alcohol is the largest source for producing carbon dioxide owing to the economical processes, ease of gas production, and extensive availability of ethyl alcohol
• Food and beverage application accumulated the largest volume share of 32,843.8 kilotons in 2019
• Asia Pacific emerged as the fastest growing regional market with rising demand for rural electrification. China, India, Indonesia, and Southeast Asian countries hold immense potential concerning development of the power transmission infrastructure
• U.S. emerged as the major contributing country in 2019 for the regional market and accounted for USD 3.04 billion revenue in 2027
• Some of the significant market participants include Air Products & Chemicals Inc.; Messer; Linde AG; Praxair Inc.; and Air Liquide
Browse Full Research Report with TOC : https://www.radiantinsights.com/research/carbon-dioxide-marketTable of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation & Scope1.2 Information Procurement1.2.1 Purchased Database1.2.2 GVR Internal Database1.2.3 Secondary Sources & Third-Party Perspectives1.2.4 Primary Research1.3 Information Analysis1.3.1 Data Analysis Models1.4 Market Formulation & Data Visualization1.5 Data Validation & Publishing1.6 Research Scope and Assumptions1.7 List of Data Sources
Continued ………Browse More Related Petrochemicals Industry Reports: https://www.radiantinsights.com/catalog/petrochemicalsAbout Radiant Insights, Inc.Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:Michelle Thoras201 Spear Street 1100, Suite 3036, San Francisco, CA 94105, United StatesTel: 1-415-349-0054Toll Free: 1-888-928-9744Mail: sales@radiantinsights.com