Global Industrial Carbon Dioxide Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 - (By Source Coverage, By Application Coverage, By End User Coverage, By Geographic Coverage and By Company)
Published Date: May 2024 |
Format:
| No. of Pages: 182
Major applications include food and beverage carbonation, enhanced oil recovery (EOR), chemical manufacturing, and medical uses such as cryotherapy and respiratory therapies.
Growing focus on sustainability drives demand for carbon capture and utilisation technologies, promoting the use of industrial CO2 in reducing greenhouse gas emissions, and supporting environmental goals.
Regulatory frameworks governing emissions and environmental protection influence market dynamics by encouraging the adoption of CO2 capture and utilisation practices, thereby affecting supply and demand.
Technological advancements in CO2 capture, storage, and conversion enhance the efficiency and feasibility of using CO2 in various industrial processes, boosting market growth and innovation.
Challenges include high costs of capture and storage, logistical issues, and fluctuating raw material availability. Companies invest in R&D to improve cost-efficiency and explore alternative sources of CO2.