According to ChemAnalyst report, “Global Liquid Carbon Dioxide (CO2) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2035”, The Liquid Carbon Dioxide market is anticipated to experience a significant expansion in the forthcoming years with an expected CAGR of 5.28% during the forecast period by 2035. The surging demand for Liquid Carbon Dioxide in Chemicals & Petrochemicals, Food & Beverages, Healthcare, Fire Extinguisher, and Others end-use industries will most likely propel the Liquid Carbon Dioxide market in the forecast period.
Liquid CO2 is primarily used in the food and beverage industry for carbonated soft drinks and alcoholic beverages like beer. It serves as a preservative in food packaging as well. Carbonating soft drinks, water, and alcoholic beverages like beer is the primary usage of CO2. Liquid CO2 is frequently used in breweries to supplement the CO2 created during fermentation. The CO2 extends the shelf life of baby food, meats, fresh foods, and baked goods.
Additionally, CO2 is employed in the form of dry ice and snow to convey fresh food. In the medical field, carbon dioxide is used as a blowing gas for various procedures, including minimally invasive surgery. In treating water, the chemical is mainly used as an acidifier.
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The Liquid Carbon Dioxide market globally is driven by its primary application in the Food & Beverage industry. It is employed in the Food & Beverage sector, supported by the fact that food-grade CO2 restricts the growth of germs and hinders the development of mould. Thus, it has found use in packaging for changed atmospheres. Additionally, it is utilized in liquid form to quickly chill or freeze products at a specified temperature while maintaining the product’s texture. With the growing population across the globe, the demand for CO2 is bound to expand. Since liquid carbon dioxide is a common raw material used in the production of many chemicals, an increase in demand in the chemical compounds and petrochemical products sector is also anticipated throughout the projection period. Carbon dioxide is used in multiple applications in the medical industry, including minimally invasive surgery, as well as after the administration of anesthesia. Thus, the utilization of CO2 in the healthcare sector is another factor propelling the growth of CO2 in the forecast period.
The global Liquid Carbon Dioxide market is segmented based on end-use, sales channel, and region. Based on demand, APAC dominates the global Liquid Carbon Dioxide market, with major demands from countries like India, Japan, China, Taiwan, Malaysia, and South Korea. The use of liquid carbon dioxide is predicted to increase in these nations due to the rising demand for applications in sectors like food & beverage and water treatment. Germany, the United Kingdom, and Norway are leading European nations in liquefying and purifying carbon dioxide. Furthermore, Europe comes after APAC in terms of consumption.
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Based on end-uses, the Liquid Carbon Dioxide market is segregated into Chemicals & Petrochemicals, Food & Beverages, Healthcare, Fire Extinguisher, and Others. It has been observed that Food & Beverages is dominating the Liquid Carbon Dioxide market with a market share of more than 30% of the Liquid Carbon Dioxide market in 2021. It is anticipated to remain the most significant consumer in the forecast period. Additionally, the Healthcare industry is expected to expand in the forecast years, owning up to the growing demand for supplies in hospitals and research purposes.
“Global Liquid Carbon Dioxide (CO2) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2035”, the significant players in the Global Liquid Carbon Dioxide market are Punjab Carbonic private Limited, SICGIL India Limited, India Glycols Limited, Prime Gases, Jubilant lifesciences limited, Indo Gulf Corporation, Hangzhou Oxygen Co. Ltd., Messer Group GmbH, Linde Plc, Bangkok Industrial Gas Company Limited (BIG), Messer – AlcoBioFuel Bio-Refinery – IJsfabriek Strombeek JV, Air Products (ACP Belgium), CropEnergies – Tyczka Energie JV, CF Fertilisers UK Ltd, and Linde Gáz Magyarország Zrt.
“The surging demand for Liquid Carbon Dioxide as an acidifying agent in food and beverages is primary factor which is expected to take the lead on expansion of the Global Liquid Carbon Dioxide market in the forecast period until 2035. Carbon dioxide consumption in the chemical and petrochemical industries is expected to further propel the Global Liquid Carbon Dioxide market in the coming years. Additionally, its application as a blowing gas for surgeries in healthcare industry is an indispensable factor, anticipated to further hike the demand of Liquid Carbon Dioxide in the upcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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