CO2 Market Projections Highlighting Primary Trends until 2026
Carbon dioxide market in Europe is estimated to outsell China in terms of value share with an excess of US$ 16 Mn by the end of 2026.
[UKPRwire, Wed May 08 2019] Carbon dioxide refers to a colorless and gas present naturally in the atmosphere. Carbon dioxide is fundamentally a greenhouse gas, which is crucial for the earth’s ecosystem. Carbon dioxide is recovered for multiple diverse applications from flue gases, as a by-product from the manufacture of hydrogen for ammonia synthesis, from limekilns and many other sources.
The report on carbon dioxide market is comprehensive research study analyzing various pivotal aspects central to the carbon dioxide market space. Prominent factors impacting growth in terms of demand and sales of carbon dioxide such as trends, drivers, restraints and business potential are covered in this report on carbon dioxide market. The report on carbon dioxide market comprises of a historical analysis, present carbon dioxide market scenario and futuristic projections on carbon dioxide across key regions.
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Carbon Dioxide / CO2 Market Remains a Moderately Consolidated Landscape, Tier 1 Companies Account for Over 60% Revenue Share
The Tier 1 players in the global carbon dioxide market account for over 60% of the market revenue share. Meanwhile, the Tier 2 and Tier 3 companies face challenges to magnify their businesses apropos of fewer production capacities and limited geographical presence. Focus of small and mid-sized businesses on sales at regional levels is one of the predominant aspects that underpins the moderately consolidated structure of global carbon dioxide market.
Tier 1 market players will continue to witness optimistic growth aspects with their orientation toward expansion of production capacities. Moreover, Tier 1 players will also focus on joint ventures with local gas producers, which is likely to help them gain a strategic edge in the carbon dioxide market. Moreover, successful corporate strategies by Tier 1 companies, including mergers and acquisitions, are likely to dramatically strengthen their foothold in the global market landscape.
Utilization as a ‘Cryogenic Food Grade Gas’ in Food Processing Applications to Spur Demand
The implementation of cryogenic solutions in high-quality food processing has been gaining significant momentum, driven by the increasing clamor for food preservation and safety. Use of liquefied carbon dioxide in cryogenic freezing and cooling applications is evolving as indispensable for adding to the refrigeration value of food products, primarily for meat, poultry, and baked goods.
With multiple advantages over mechanical freezing, implementation of cryogenic freezing in food applications has become imperative to attain economic viability. The demand for cryogenic freezing across food processing applications is likely to pick the pace, which is expected to propel the growth of CO2 market in the forthcoming years.
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Enhanced Oil Recovery (EOR) in Oil and Gas Industries Complementing Sales of Carbon Dioxide
As per a revelation by the American Petroleum Institute, the oil & gas industry has been registering a burgeoning demand for carbon dioxide from last 35 years for additional oil recovery. An analysis by the U.S. Department of Energy (DOE) conveys that around 137 billion barrels of potential oil resources are recoverable through carbon dioxide enhanced oil recovery, with close to 67 billion barrels recoverable at the cost of around US$ 85 per barrel.
This statistical data provides substantial credence to the fact that carbon dioxide usage is highly likely to offer potential benefits for enhanced oil recovery (EOH) in the oil and gas industry, underpinning the growth of CO2 market. Furthermore, the carbon dioxide market is also likely to benefit from the rising intervention of governments worldwide to promote and incentivize enhanced oil recovery techniques.
Growing Eminence in Manufacture of Precipitated Calcium Carbonate to Offer Key Revenue Streams
Precipitated calcium carbonate (PCC) is extensively used across a multitude of applications and industries, with carbon dioxide being a vital part of its manufacture. Carbon dioxide is used during manufacturing of PCC, in a bid to establish a uniformity in the particle size distribution.
Tailored versions of PCC have been picking pace across multiple domains such as paper industry, polymer applications, and healthcare applications. This increasing vigor of PCC across a diverse set of applications, the carbon dioxide market is further likely to carry promising aspects for the carbon dioxide market.
The competitive landscape in the research study on carbon dioxide market offers detailed information on the key stakeholders having a stronghold in the carbon dioxide market. Various prospects of the key players in the carbon dioxide market, such as product portfolio, technological innovations, key differential strategies, and other financials have been extensively covered. The report on carbon dioxide market features key companies such as Linde Group, Air Liquide, Praxair Inc., Air Products and Chemicals, Inc., Gulf Cryo, Abdullah Hashim Industrial & Equipment Co. Ltd, and many more.
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