North America Carbon Dioxide Market Size & Outlook
North America carbon dioxide market, 2018-2030 (US$M)
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North America carbon dioxide market highlights
- The North America carbon dioxide market generated a revenue of USD 5,183.6 million in 2022.
- The market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, food & beverages was the largest revenue generating application in 2022.
- Food & Beverages is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 5,183.6 million |
| Market revenue in 2030 | USD 9,390.0 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Food & beverages |
| Fastest growing segment | Food & Beverages |
| 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, North America region accounted for 28.4% 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 |
|---|
North America 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 28.79% in 2022. Horizon Databook has segmented the North America 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 expansion of industrial sector in the North American region is anticipated to fuel the carbon dioxide market. In addition, the oil & gas industry is projected to further promote the market demand on account of the growing enhanced oil recovery processes. The food & beverage industry makes use of carbon dioxide for food preservation, which is likely to further propel the market growth. Furthermore, there are innovative ways in which carbon dioxide is being utilized in North America, such as carbon capture and utilization technologies.
These technologies have the potential to capture carbon dioxide emissions from industrial processes and convert them into valuable products. In Alberta, Canada, for example, a company called Carbon Cure has developed technology that uses captured carbon dioxide to produce building materials such as concrete, which can result in significant carbon emission reductions.
The EOR market in the U.S. is expected to be dominated by the gas injection technology over the forecast period. The trends of the EOR market in the states suggest significant growth in the CO2-EOR projects in the coming years. It is estimated that the carbon dioxide (CO2) utilization for the EOR activities to grow by 2.5 bcfd. (Billion cubic feet per day) by 2020.
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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 North America carbon dioxide market , including forecasts for subscribers. This continent databook contains high-level insights into North America carbon dioxide market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America carbon dioxide market size, by country, 2018-2030 (US$M)
North America Carbon Dioxide Market Outlook Share, 2022 & 2030 (US$M)
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