Middle East & Africa Carbon Dioxide Market Size & Outlook
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MEA carbon dioxide market highlights
- The MEA carbon dioxide market generated a revenue of USD 1,454.1 million in 2024.
- The market is expected to grow at a CAGR of 5.7% 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, UAE is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 1,454.1 million |
| Market revenue in 2033 | USD 2,413.9 million |
| Growth rate | 5.7% (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, MEA region accounted for 12.3% 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 |
Middle East & Africa 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 34.66% in 2024. Horizon Databook has segmented the Middle East & Africa 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 growing demand for packaged and frozen food owing to the unfavorable climatic conditions in the region is likely to promote the use of refrigeration and cooling, which makes use of carbon dioxide. In addition, the unavailability of agricultural land in the region is further projected to boost the demand for frozen food and grains, which is anticipated to benefit the market growth.
The rising oil & gas activities in the Middle East & Africa is anticipated to promote the demand for various technologies including EOR and Improved Oil Recovery (IOR), which is projected to propel the market growth over the forecast period. In addition, the growing demand for oil & gas across the globe is projected to promote the expansion of the industry in the Middle East & Africa, which thereby benefits the market growth.
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Our clientele includes a mix of carbon dioxide market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa carbon dioxide market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa carbon dioxide market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
MEA carbon dioxide market size, by country, 2021-2033 (US$M)
Middle East & Africa Carbon Dioxide Market Outlook Share, 2024 & 2033 (US$M)
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