Asia Pacific Carbon Dioxide Market Size & Outlook
Asia Pacific carbon dioxide market, 2018-2030 (US$M)
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Asia Pacific carbon dioxide market highlights
- The Asia Pacific carbon dioxide market generated a revenue of USD 6,054.1 million in 2022.
- The market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, food & beverages was the largest revenue generating application in 2022.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 6,054.1 million |
| Market revenue in 2030 | USD 11,259.0 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverages, Oil & Gas, Medical, Fire Suppressant |
| Key market players worldwide | Lincoln Electric Holdings Inc, Air Products & Chemicals Inc, Linde PLC, Nippon Sanso Holdings Corp, Air Liquide SA, Messer Group, SOL Group, Acail Gas, Greco Gas Inc., Sicgil, Strandmöllen |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.1% of the global carbon dioxide market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,259.0 million by 2030.
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Carbon Dioxide Market Scope
Carbon Dioxide Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
Food & beverages was the largest segment with a revenue share of 46.68% in 2022. Horizon Databook has segmented the Asia Pacific carbon dioxide market based on food & beverages, oil & gas, medical, fire suppressant covering the revenue growth of each sub-segment from 2018 to 2030.
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.
This equipment such as fire extinguishers make use of carbon dioxide to quench the flame, which is likely to promote the demand for CO2. In addition, industrial activities such as refrigeration and others use carbon dioxide for preservation of perishable products. The rising demand for carbon dioxide is anticipated to propel the market growth over the forecast period.
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific carbon dioxide market size, by country, 2018-2030 (US$M)
Asia Pacific Carbon Dioxide Market Outlook Share, 2022 & 2030 (US$M)
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