Global Carbon Dioxide Market Size & Outlook, 2022-2030

The carbon dioxide industry worldwide is expected to reach a projected revenue of US$ 31,774.3 million by 2030. A compound annual growth rate of 7.2% is expected of the worldwide carbon dioxide industry from 2023 to 2030.
Revenue, 2022 (US$M)
$18,272.1
Forecast, 2030 (US$M)
$31,774.3
CAGR, 2023 - 2030
7.2%
Report Coverage
Worldwide

Global carbon dioxide market, 2018-2030 (US$M)

Global carbon dioxide market highlights

  • The global carbon dioxide market generated a revenue of USD 18,272.1 million in 2022 and is expected to reach USD 31,774.3 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 7.2% by 2030.
  • In terms of segment, food & beverages accounted for a revenue of USD 7,029.5 million in 2022.
  • Food & Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Angola is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 18,272.1 million
Market revenue in 2030USD 31,774.3 million
Growth rate7.2% (CAGR from 2022 to 2030)
Largest segmentFood & beverages
Fastest growing segmentFood & Beverages
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFood & Beverages, Oil & Gas, Medical, Fire Suppressant

Other key industry trends

  • In terms of revenue, the North America accounted for 28.4% of the global carbon dioxide market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Angola is the fastest growing regional market and is projected to reach USD 37.6 million by 2030.

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Carbon Dioxide Market Scope

Carbon dioxide market segmentation & scope
Chemicals
Pharmaceuticals
Electronics
Oil Refining
Ammonia
Transportation
Metals & Mining
Water Treatment
Healthcare
Manufacturing
Metal working
Lamps
Others
Methanol
Steel

Carbon Dioxide Market Companies

Name Profile # Employees HQ Website

Global carbon dioxide market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon dioxide market will help companies and investors design strategic landscapes.


Food & beverages was the largest segment with a revenue share of 38.47% in 2022. Horizon Databook has segmented the Global carbon dioxide market based on food & beverages, oil & gas, medical, fire suppressant covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Carbon Dioxide Application Outlook (Revenue, USD Million, 2018-2030)
    • Food & Beverages
    • Chemicals
    • Pharmaceuticals
    • Electronics
    • Oil Refining
    • Ammonia
    • Transportation
    • Oil & Gas
    • Medical
    • Fire Suppressant
    • Metals & Mining
    • Water Treatment
    • Healthcare
    • Manufacturing
    • Metal working
    • Lamps
    • Others
    • Methanol
    • Steel

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Horizon Databook provides a detailed overview of global-level data and insights on the Global carbon dioxide market , including forecasts for subscribers. This global databook contains high-level insights into Global carbon dioxide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global carbon dioxide market size, by regions, 2018-2030 (US$M)

Top 10 countries: Carbon dioxide market size, 2022 (US$M)

Global carbon dioxide market share, by application, 2022 & 2030 (%, US$M)

Carbon dioxide market: Opportunity assessment by country

Global carbon dioxide market, by region, 2022 (US$M)

Global carbon dioxide market size, by regions, 2018-2030 (US$M)

Application 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 CAGR
North America 3,328.3 3,925.0 3,739.4 4,233.9 5,183.6 5,524.9 5,905.6 6,330.4 6,805.6 7,338.2 7,937.0 8,612.2 9,390.0 7.7%
Europe 2,650.4 3,103.4 2,935.7 3,300.5 4,012.6 4,246.8 4,507.8 4,798.5 5,122.9 5,485.7 5,892.4 6,349.8 6,876.0 7.0%
Asia Pacific 3,832.1 4,535.6 4,336.7 4,927.6 6,054.1 6,475.0 6,944.6 7,469.2 8,056.4 8,715.4 9,456.9 10,294.0 11,259.0 8.1%
Latin America 741.7 861.6 808.5 901.6 1,087.2 1,141.1 1,201.1 1,267.7 1,341.8 1,424.4 1,516.5 1,619.7 1,738.1 6.0%
MEA 1,429.4 1,629.6 1,499.7 1,638.8 1,934.6 1,986.3 2,043.1 2,105.1 2,172.7 2,246.3 2,326.3 2,413.2 2,511.4 3.3%
Overall 11,981.9 14,055.1 13,320.0 15,002.4 18,272.1 19,374.1 20,602.2 21,970.9 23,499.4 25,210.0 27,129.2 29,288.8 31,774.3 7.2%

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