Asia Pacific Carbon Dioxide Market Size & Outlook, 2025-2033
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Asia Pacific carbon dioxide market highlights
- The Asia Pacific carbon dioxide market generated a revenue of USD 3,226.4 million in 2024.
- The market is expected to grow at a CAGR of 6.2% from 2025 to 2033.
- In terms of segment, ethyl alcohol was the largest revenue generating sources in 2024.
- Substitute Natural Gas is the most lucrative sources segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2033.
Asia Pacific data book summary
| Market revenue in 2024 | USD 3,226.4 million |
| Market revenue in 2033 | USD 5,596.9 million |
| Growth rate | 6.2% (CAGR from 2025 to 2033) |
| Largest segment | Ethyl alcohol |
| Fastest growing segment | Substitute Natural Gas |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas |
| Key market players worldwide | Acail Gas, Air Liquide SA, Air Products and Chemicals, Inc., Greco Gas Inc., Linde PLC, Messer Group, Sicgil, Quimetal, Taiyo Nippon Sanso Corp. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.3% of the global carbon dioxide market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Latin America is the fastest growing regional market and is projected to reach USD 1,341.6 million by 2033.
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Carbon Dioxide Market Scope
Carbon Dioxide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Quimetal | View profile | 101-250 | Santiago, Region Metropolitana, Chile, South America | https://www.quimetal.cl |
| Taiyo Nippon Sanso Corp. | View profile | - | - | - |
| Air Products and Chemicals, Inc. | View profile | - | - | - |
| Sicgil | View profile | 101-250 | Chennai, Tamil Nadu, India, Asia | http://www.sicgil.com |
| Greco Gas Inc. | View profile | 11-50 | Tarentum, Pennsylvania, United States, North America | http://www.grecogas.com/ |
| Acail Gas | View profile | 11-50 | Souto, Aveiro, Portugal, Europe | https://www.acailgas.es |
| Messer Group | View profile | 10001+ | Bad Soden, Hessen, Germany, Europe | https://www.messergroup.com |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
Asia Pacific 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.
Ethyl alcohol was the largest segment with a revenue share of 34.64% in 2024. Horizon Databook has segmented the Asia Pacific carbon dioxide market based on hydrogen, ethyl alcohol, ethylene oxide, substitute natural gas covering the revenue growth of each sub-segment from 2021 to 2033.
The increasing consumption of carbon dioxide in Asia Pacific can be attributed to the growth and expansion of end-user industries for carbon dioxide consumption in China. The country is a key consumer of carbon dioxide both globally and in Asia Pacific. Food & beverage is among the leading application segments in the region.
The growing emphasis on food & beverage has also led to the increased production of carbon dioxide. For example, in March 2020, The Coca-Cola Company announced its plans to invest USD 200 million to expand its business activities in Bangladesh.
The company plans to increase its bottling capacity and streamline its supply chains to cater to the growing demand for carbonated beverages in South and Southeast Asia. The rapid industrialization in Asia-Pacific has promoted the use of firefighting equipment in order to avoid industrial hazards.
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Target buyers of Asia Pacific carbon dioxide market databook
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Our clientele includes a mix of carbon dioxide market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific carbon dioxide market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific carbon dioxide market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific carbon dioxide market size, by country, 2021-2033 (US$M)
Asia Pacific Carbon Dioxide Market Outlook Share, 2024 & 2033 (US$M)
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