Middle East & Africa Carbon Dioxide Market Size & Outlook
Middle East & Africa carbon dioxide market, 2018-2030 (US$M)
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MEA carbon dioxide market highlights
- The MEA carbon dioxide market generated a revenue of USD 1,934.6 million in 2022.
- The market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Oil & Gas is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,934.6 million |
| Market revenue in 2030 | USD 2,511.4 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Oil & Gas |
| 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, MEA region accounted for 10.6% 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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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.
Oil & gas was the largest segment with a revenue share of 26.83% in 2022. Horizon Databook has segmented the Middle East & Africa 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 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.
The growing health awareness among the individuals of the region is anticipated to promote the expansion of healthcare industry which further stimulates the use of carbon dioxide for various medical purposes. However, the rising health issues such as diabetes, obesity, and others is expected to limit the demand for packaged food, thereby restricting the market growth over the forecast period.
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Our clientele includes a mix of carbon dioxide market companies, investment firms, advisory firms & academic institutions.
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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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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA carbon dioxide market size, by country, 2018-2030 (US$M)
Middle East & Africa Carbon Dioxide Market Outlook Share, 2022 & 2030 (US$M)
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