Liquefied Carbon Dioxide Market Key Findings by 2031
MARKET ANALYSIS
Liquid carbon dioxide is a carbon dioxide gas which is highly compressed and cooled to a form a liquid state. The liquid state of carbon dioxide does not occur under atmospheric pressure due to which CO2 gas is transported, stored, and handled in liquid form, either in cylinders or non-insulated storage tanks. In the electronics industry liquefied carbon dioxide finds its application in television production to create homogenous cloud effects. Further, it is also consumed in entertainment industry to provide fog effects in movies.
GROWTH DRIVERS AND CHALLENGES
The growing demand for liquefied carbon dioxide in the end use industries has aided the liquefied carbon dioxide market growth. The properties of liquefied carbon dioxide such as low viscosity, high density, and low cost makes it suitable for utilizing in industries such as food and beverages, chemicals, electronics, agriculture, healthcare, wastewater treatment, and others. Liquefied carbon dioxide in the end use industries is employed as cooling agent in food and beverages, and to offer visual effects in entertainment industry. The food industry highly relies on this liquid carbon dioxide for refrigeration, preservation, storage and softening of food products. It is also used in the production of soft drinks for softening and preservation purpose using pressurised carbon dioxide. Liquefied carbon dioxide has anti-flammable properties due to which it is used in fire extinguisher. Fire extinguishers used to extinguish electrical fires are specifically filled with liquid carbon dioxide. The pressurised gas results in cooling the burning surfaces thus, preventing further damage Further, the liquefied carbon dioxide is used in oil recovery to reduce the viscous nature of oil and allows the easy flow of oil in the wells. Hence, the emergence of this product as anti-flammable, cooling agent, etc in the manufacturing industries is expected to boost the market growth. However, the use of nitrogen as a alternative many create challenge in the growth of this market. Nitrogen could be used as a replacement to reduce some of the CO2 in counter pressure filling of the carbonated beverages and soft drinks.
REPORT SEGMENTATION AND SCOPE
The "Global Liquefied Carbon Dioxide Market Analysis to 2031" is a specialized and in-depth study with a major focus on the global liquefied carbon dioxide market trends and growth opportunities. The report aims to provide an overview of the global liquefied carbon dioxide market with detailed market segmentation by source, end use industry, and geography. The global liquefied carbon dioxide market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of liquefied carbon dioxide worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the liquefied carbon dioxide market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the liquefied carbon dioxide market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative liquefied carbon dioxide market opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global liquefied carbon dioxide market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global liquefied carbon dioxide market is segmented on the basis of source, and end use industry. Based on source, the liquefied carbon dioxide market is segmented as hydrogen, ethyl alcohol, ammonia, natural gas, and others. Based on end use industry, the market is classified as food and beverage, chemicals, electronics, agriculture, healthcare, wastewater treatment, and others.
Based on source, the hydrogen accounted for a significant liquefied carbon dioxide market share. Based on end use industry food and beverages accounted for a major liquefied carbon dioxide market share owing to the high adoption rate of liquefied carbon dioxide as an important cryogenic cooling agent. Liquid carbon dioxide is also used during the transportation of ice cream. It is preferred because of its high volumetric cooling capacity.
REGIONAL ANALYSIS
The report provides a detailed overview of the global liquefied carbon dioxide market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific is estimated to account for a significant liquefied carbon dioxide market share globally. Large industrial base and fastest growing Asian economy is the key factor in growing demand for liquefied carbon dioxide. North America is also expected to witness considerable growth with the increasing in food and beverage, and electronics industry. Europe is also expected to be an attractive market for liquefied carbon dioxide during the forecast period, owing to the growing demand for healthcare industry.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Partnership, acquisitions, and new product launches were found to be the major strategies adopted by the players operating in the global liquefied carbon dioxide market.
In February 2021, INOX Air Products Ltd. announces India’s largest Greenfield investment of US$ 242.36 Mn in the industrial gases sector.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The covid-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. Liquefied carbon dioxide market experienced a slump during the pandemic owing to the limited trade of chemical products across the globe. Liquefied carbon dioxide is imported from countries across the globe, and this led to a limited availability of the product. Moreover, manufacturing activities also witnessed a decline during this period owing to the shortage of raw materials and limited supply of labor. However, the economies started reviving and the investment made by various government authorities to enhance the production facilities has led to overcoming the supply demand gap.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the liquefied carbon dioxide market include, Air Liquide, Continental Carbonic Products, Inc.; INOX-Air Products Inc.; COSMOS Engineering Services; Philippine CO2 Industry, Inc.; Praxair, Inc.; PT Molindo Inti Gas; Resonac Holdings Corporation; Universal Industrial Gases, Inc.; Yara International ASA; Linde AG; Air Products and Chemical, Inc.; Taiyo Nippon Sanso; SOL Group; and Matheson Tri-Gas among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Liquefied Carbon Dioxide Market - By Source
1.3.2 Liquefied Carbon Dioxide Market - By Application
1.3.3 Liquefied Carbon Dioxide Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIQUEFIED CARBON DIOXIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.3. EXPERT OPINIONS
5. LIQUEFIED CARBON DIOXIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LIQUEFIED CARBON DIOXIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. LIQUEFIED CARBON DIOXIDE - GLOBAL MARKET OVERVIEW
6.2. LIQUEFIED CARBON DIOXIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LIQUEFIED CARBON DIOXIDE MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. HYDROGEN
7.3.1. Overview
7.3.2. Hydrogen Market Forecast and Analysis
7.4. ETHYL ALCOHOL
7.4.1. Overview
7.4.2. Ethyl Alcohol Market Forecast and Analysis
7.5. AMMONIA
7.5.1. Overview
7.5.2. Ammonia Market Forecast and Analysis
7.6. NATURAL GAS
7.6.1. Overview
7.6.2. Natural Gas Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. LIQUEFIED CARBON DIOXIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. CHEMICALS
8.4.1. Overview
8.4.2. Chemicals Market Forecast and Analysis
8.5. ELECTRONICS
8.5.1. Overview
8.5.2. Electronics Market Forecast and Analysis
8.6. AGRICULTURE
8.6.1. Overview
8.6.2. Agriculture Market Forecast and Analysis
8.7. HEALTHCARE
8.7.1. Overview
8.7.2. Healthcare Market Forecast and Analysis
8.8. WASTEWATER TREATMENT
8.8.1. Overview
8.8.2. Wastewater Treatment Market Forecast and Analysis
9. LIQUEFIED CARBON DIOXIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Liquefied Carbon Dioxide Market Overview
9.1.2 North America Liquefied Carbon Dioxide Market Forecasts and Analysis
9.1.3 North America Liquefied Carbon Dioxide Market Forecasts and Analysis - By Source
9.1.4 North America Liquefied Carbon Dioxide Market Forecasts and Analysis - By Application
9.1.5 North America Liquefied Carbon Dioxide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Liquefied Carbon Dioxide Market
9.1.5.1.1 United States Liquefied Carbon Dioxide Market by Source
9.1.5.1.2 United States Liquefied Carbon Dioxide Market by Application
9.1.5.2 Canada Liquefied Carbon Dioxide Market
9.1.5.2.1 Canada Liquefied Carbon Dioxide Market by Source
9.1.5.2.2 Canada Liquefied Carbon Dioxide Market by Application
9.1.5.3 Mexico Liquefied Carbon Dioxide Market
9.1.5.3.1 Mexico Liquefied Carbon Dioxide Market by Source
9.1.5.3.2 Mexico Liquefied Carbon Dioxide Market by Application
9.2. EUROPE
9.2.1 Europe Liquefied Carbon Dioxide Market Overview
9.2.2 Europe Liquefied Carbon Dioxide Market Forecasts and Analysis
9.2.3 Europe Liquefied Carbon Dioxide Market Forecasts and Analysis - By Source
9.2.4 Europe Liquefied Carbon Dioxide Market Forecasts and Analysis - By Application
9.2.5 Europe Liquefied Carbon Dioxide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Liquefied Carbon Dioxide Market
9.2.5.1.1 Germany Liquefied Carbon Dioxide Market by Source
9.2.5.1.2 Germany Liquefied Carbon Dioxide Market by Application
9.2.5.2 France Liquefied Carbon Dioxide Market
9.2.5.2.1 France Liquefied Carbon Dioxide Market by Source
9.2.5.2.2 France Liquefied Carbon Dioxide Market by Application
9.2.5.3 Italy Liquefied Carbon Dioxide Market
9.2.5.3.1 Italy Liquefied Carbon Dioxide Market by Source
9.2.5.3.2 Italy Liquefied Carbon Dioxide Market by Application
9.2.5.4 United Kingdom Liquefied Carbon Dioxide Market
9.2.5.4.1 United Kingdom Liquefied Carbon Dioxide Market by Source
9.2.5.4.2 United Kingdom Liquefied Carbon Dioxide Market by Application
9.2.5.5 Russia Liquefied Carbon Dioxide Market
9.2.5.5.1 Russia Liquefied Carbon Dioxide Market by Source
9.2.5.5.2 Russia Liquefied Carbon Dioxide Market by Application
9.2.5.6 Rest of Europe Liquefied Carbon Dioxide Market
9.2.5.6.1 Rest of Europe Liquefied Carbon Dioxide Market by Source
9.2.5.6.2 Rest of Europe Liquefied Carbon Dioxide Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Liquefied Carbon Dioxide Market Overview
9.3.2 Asia-Pacific Liquefied Carbon Dioxide Market Forecasts and Analysis
9.3.3 Asia-Pacific Liquefied Carbon Dioxide Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Liquefied Carbon Dioxide Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Liquefied Carbon Dioxide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Liquefied Carbon Dioxide Market
9.3.5.1.1 Australia Liquefied Carbon Dioxide Market by Source
9.3.5.1.2 Australia Liquefied Carbon Dioxide Market by Application
9.3.5.2 China Liquefied Carbon Dioxide Market
9.3.5.2.1 China Liquefied Carbon Dioxide Market by Source
9.3.5.2.2 China Liquefied Carbon Dioxide Market by Application
9.3.5.3 India Liquefied Carbon Dioxide Market
9.3.5.3.1 India Liquefied Carbon Dioxide Market by Source
9.3.5.3.2 India Liquefied Carbon Dioxide Market by Application
9.3.5.4 Japan Liquefied Carbon Dioxide Market
9.3.5.4.1 Japan Liquefied Carbon Dioxide Market by Source
9.3.5.4.2 Japan Liquefied Carbon Dioxide Market by Application
9.3.5.5 South Korea Liquefied Carbon Dioxide Market
9.3.5.5.1 South Korea Liquefied Carbon Dioxide Market by Source
9.3.5.5.2 South Korea Liquefied Carbon Dioxide Market by Application
9.3.5.6 Rest of Asia-Pacific Liquefied Carbon Dioxide Market
9.3.5.6.1 Rest of Asia-Pacific Liquefied Carbon Dioxide Market by Source
9.3.5.6.2 Rest of Asia-Pacific Liquefied Carbon Dioxide Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LIQUEFIED CARBON DIOXIDE MARKET, KEY COMPANY PROFILES
11.1. AIR LIQUIDE S.A.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CONTINENTAL CARBONIC PRODUCTS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COSMOS ENGINEERING INDUSTRIES PRIVATE LIMITED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INOX AIR PRODUCTS LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PHILIPPINE CO2 INDUSTRY INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PRAXAIR, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PT. MOLINDO INTI GAS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHOWA DENKO GAS PRODUCTS CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UNIVERSAL INDUSTRIAL GASES, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YARA INTERNATIONAL ASA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Air Liquide S.A.
2. Continental Carbonic Products, Inc.
3. Cosmos Engineering Industries Private Limited
4. INOX Air Products Ltd.
5. Philippine CO2 Industry Inc.
6. Praxair, Inc.
7. PT. Molindo Inti Gas
8. Showa Denko Gas Products Co., Ltd.
9. Universal Industrial Gases, Inc.
10. Yara International ASA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
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As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
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Below is the breakup of our primary respondents by company, designation, and region:
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- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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