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PUBLISHER: Grand View Research | PRODUCT CODE: 1133314
PUBLISHER: Grand View Research | PRODUCT CODE: 1133314
U.S. Carbon Dioxide Market Size, Share & Trends Analysis Report By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substituted Natural Gas), By Application (Food & Beverages, Oil & Gas, Medical), And Segment Forecast, 2022 - 2030
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U.S. Carbon Dioxide Market Growth & Trends:
The U.S. carbon dioxide market size is expected to reach USD 6.59 billion by 2030, registering a CAGR of 8.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing usage of carbon dioxide for Enhanced Oil Recovery (EOR) in oil & gas plants is anticipated to result in the growth of the market. In terms of revenue, the hydrogen segment accounted for a significant share in 2021. The growth of this segment can be attributed to the presence of leading hydrogen-producing companies in the country that have CO2 manufactured as a byproduct during hydrogen production.
Substitute Natural Gas (SNG) is expected to be one of the major sources of the production of CO2 in the U.S. This is due to a rise in the discovery of natural gas reserves in the U.S. with the deployment of shale technology. The oil & gas application segment accounted for a significant share in 2021 owing to the application of carbon dioxide-based EOR in oil fields of the U.S. for efficient and effective oil production. Moreover, the usage of CO2 in the food & beverages and medical industries is anticipated to increase in the U.S. over the forecast period.
The growth of this segment can be attributed to the presence of a large base of food and beverage manufacturing facilities in the country, which is projected to expand further over the forecast period. The spread of COVID-19 hindered the growth of the market in 2020 and 2021 owing to the factors, such as the reduction in demand for CO2 in the country owing to lockdowns. However, an increase in demand for CO2 from the manufacturers of pharmaceuticals and essential commodities, such as fire safety products, has been witnessed in the U.S., as well as across the world.
U.S. Carbon Dioxide Market Report Highlights:
- In terms of revenue, the food & beverages application segment dominated the global market in 2021
- The hydrogen source segment accounted for the second-largest share of the global market revenue in 2021
- The growth of this segment can be attributed to the presence of leading hydrogen-producing companies in the country that have CO2 manufactured as a byproduct
- In terms of revenue, the SNG segment accounted for the maximum revenue share in 2021. SNG is derived from the gasification of coal and emits byproducts, such as CO2, hydrogen, carbon monoxide, and methane
- The rubber industry uses CO2 to clean the rubber molds and to remove flash from rubber objects by tumbling them with crushed dry ice in a rotating drum
Product Code: GVR-4-68039-918-2
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Market Summary
Chapter 3 Market Variables, Trends & Scope
- 3.1 Penetration & Growth Prospect Mapping
- 3.2 Industry Value Chain Analysis
- 3.3 Regulatory Framework
- 3.3.1 Standards & Compliances
- 3.4 Market Dynamics
- 3.4.1 Market Driver Analysis
- 3.4.1.1 Increasing use of carbon dioxide in enhanced oil recovery (EOR)
- 3.4.1.2 Increasing consumption of carbon dioxide in the medical industry
- 3.4.1.3 Increase in consumption of carbonated beverages
- 3.4.2 Market Restraint Analysis
- 3.4.2.1 Increasing carbon emissions & high cost of carbon capture & storage (CCS) technology
- 3.4.3 Market Opportunity Assessment
- 3.4.1 Market Driver Analysis
- 3.5 Technology Overview
- 3.5.1 Carbon Capture and Storage (CCS)
- 3.5.1.1 Post-combustion of carbon
- 3.5.1.2 Pre-combustion of carbon
- 3.5.1.3 Oxy-fuel combustion
- 3.5.2 Technology Trends
- 3.5.2.1 Chemical looping
- 3.5.2.2 Solvents and sorbents
- 3.5.2.3 Bio-energy with carbon capture and storage (BECCS)
- 3.5.2.4 Direct air capture (DAC)
- 3.5.1 Carbon Capture and Storage (CCS)
- 3.6 Business Environment Analysis: U.S. Carbon Dioxide Market
- 3.6.1 Industry Analysis - Porter's
- 3.6.2 PESTEL analysis
- 3.7 Impact of COVID-19 on the U.S. Carbon Dioxide Market
- 3.7.1 Supply Side
- 3.7.2 Demand Side
- 3.7.3 Impact Verdict of Covid-19 - Medium
- 3.8 Eastern European Geopolitical Implications on the U.S. Carbon Dioxide Market
- 3.9 Estimated pricing and forecast of Carbon Dioxide in the U.S., by regions
- 3.10 Recent trends for the use of CO2 as a displacement product in end-user industries
- 3.11 Global price trend analysis between long-term and short-term contracts of CO2
- 3.11.1 Average duration of contracts specific to the application and its inclusion#
Chapter 4 U.S. Carbon Dioxide Market: Source Estimates & Trend Analysis
- 4.1 U.S. Carbon Dioxide Market: Source Movement Analysis, 2021 & 2030
- 4.2 Market size & forecasts and trend analysis, 2019 to 2030 for the following:
- 4.2.1 Hydrogen
- 4.2.1.1 U.S. carbon dioxide market estimates and forecasts, by hydrogen, 2019 - 2030 (Million Tons) (USD Million)
- 4.2.2 Ethyl Alcohol
- 4.2.2.1 U.S. carbon dioxide market estimates and forecasts, by ethyl alcohol, 2019 - 2030 (Million Tons) (USD Million)
- 4.2.3 Ethylene Oxide
- 4.2.3.1 U.S. carbon dioxide market estimates and forecasts, by ethylene oxide, 2019 - 2030 (Million Tons) (USD Million)
- 4.2.4 Substitute Natural Gas (SNG)
- 4.2.4.1 U.S. carbon dioxide market estimates and forecasts, by Substitute natural gas, 2019 - 2030 (Million Tons) (USD Million)
- 4.2.5 Others
- 4.2.5.1 U.S. carbon dioxide market estimates and forecasts, by others, 2019 - 2030 (Million Tons) (USD Million)
- 4.2.1 Hydrogen
Chapter 5 U.S. Carbon Dioxide Market: Application Estimates & Trend Analysis
- 5.1 U.S. Carbon Dioxide Market: Application Movement Analysis, 2021 & 2030
- 5.2 Market size & forecasts and trend analysis, 2019 to 2030 for the following:
- 5.2.1 Food & Beverage
- 5.2.1.1 U.S. carbon dioxide market estimates and forecasts in food & beverage Applications, 2019 - 2030 (Million tons) (USD Million)
- 5.2.2 Oil & Gas
- 5.2.2.1 U.S. carbon dioxide market estimates and forecasts in oil & gas Applications, 2019-2030 (Million tons) (USD Million)
- 5.2.3 Rubber
- 5.2.3.1 U.S. carbon dioxide market estimates and forecasts in Rubber Applications, 2019-2030 (Million Tons) (USD Million)
- 5.2.4 Medical
- 5.2.4.1 U.S. dioxide market estimates and forecasts in medical applications, 2019 - 2030 (Million tons) (USD Million)
- 5.2.5 Fire Fighting
- 5.2.5.1 U.S. carbon dioxide market estimates and forecasts in fire fighting applications, 2019 - 2030 (Million tons) (USD Million)
- 5.2.6 Others
- 5.2.6.1 U.S. carbon dioxide market estimates and forecasts in other applications, 2019 - 2030 (Million tons) (USD Million)
- 5.2.1 Food & Beverage
Chapter 6 U.S. Carbon Dioxide Market - Competitive Landscape
- 6.1 Key U.S. Players & Recent Developments & Their Impact on The Industry
- 6.2 Vendor Landscape
- 6.2.1 List of Key Distributors & Channel Partners
- 6.2.2 Key Company Market Position Analysis
- 6.3 List of prominent suppliers of carbon dioxide and their respective application
- 6.4 List of major distributors of the beverage carbonation industry in the U.S.
- 6.5 Competitive scenario between Airgas, Inc., and NuCO2
- 6.5.1 Sales, Bottling plants, market share analysis (2021)
- 6.5.2 Strategies and development
- 6.5.3 SWOT Analysis
- 6.5.3.1 Airgas, Inc.
- 6.5.3.2 NUCO2, Inc.
Chapter 7 Company Profiles
- 7.1 Air Liquide
- 7.1.1 Company Overview
- 7.1.2 Product Benchmarking
- 7.1.3 Financial Performance
- 7.1.4 Strategic Initiatives
- 7.2 Air Products and Chemicals, Inc.
- 7.2.1 Company Overview
- 7.2.2 Product Benchmarking
- 7.2.3 Financial Performance
- 7.2.4 Strategic Initiatives
- 7.3 Continental Carbonic Products, Inc.
- 7.3.1 Company Overview
- 7.3.2 Product Benchmarking
- 7.4 Greco Gas Inc.
- 7.4.1 Company Overview
- 7.4.2 Product Benchmarking
- 7.5 Linde plc
- 7.5.1 Company Overview
- 7.5.2 Product Benchmarking
- 7.5.3 Financial Performance
- 7.5.4 Strategic Initiatives
- 7.6 CryoCarb
- 7.6.1 Company Overview
- 7.6.2 Product Benchmarking
- 7.7 Messer
- 7.7.1 Company Overview
- 7.7.2 Product Benchmarking
- 7.7.3 Financial Performance
- 7.7.4 Strategic Initiatives
- 7.8 TAIYO NIPPON SANSO CORPORATION
- 7.8.1 Company Overview
- 7.8.2 Product Benchmarking
- 7.8.3 Financial Performance
- 7.8.4 Strategic Initiatives
- 7.9 Universal Industrial Gases, Inc.
- 7.9.1 Company Overview
- 7.9.2 Product Benchmarking
- 7.10 Zephyr Solutions, LLC
- 7.10.1 Company Overview
- 7.10.2 Product Benchmarking
Product Code: GVR-4-68039-918-2
List of Tables
- Table 1 U.S. carbon dioxide market pricing and forecast, by region, 2019 - 2030 (USD/Tons)
- Table 2 Linde Multiple Manufacturing Locations Information
- Table 3 Air Liquide Multiple Manufacturing Location Information
- Table 4 U.S. carbon dioxide market estimates and forecasts, by hydrogen, 2019 - 2030 (Million Tons) (USD Million)
- Table 5 U.S. carbon dioxide market estimates and forecasts by ethyl alcohol, 2019 - 2030 (Million Tons) (USD Million)
- Table 6 U.S. carbon dioxide market estimates and forecasts, by ethylene oxide, 2019 - 2030 (Million Tons) (USD Million)
- Table 7 U.S. carbon dioxide market estimates and forecasts, by substitute natural gas, 2019 - 2030 (Million Tons) (USD Million)
- Table 8 U.S. carbon dioxide market estimates and forecasts, by others, 2019 - 2030 (Million Tons) (USD Million)
- Table 9 U.S. carbon dioxide market estimates and forecasts in food & beverage applications, 2019 - 2030 (Million Tons) (USD Million)
- Table 10 U.S. carbon dioxide market estimates and forecasts in oil & gas applications, 2019 - 2030 (Million Tons) (USD Million)
- Table 11 U.S. carbon dioxide market estimates and forecasts in rubber applications, 2019 - 2030 (Million Tons) (USD Million)
- Table 12 U.S. carbon dioxide market estimates and forecasts in medical applications, 2019 - 2030 (Million Tons) (USD Million)
- Table 13 U.S. carbon dioxide market estimates and forecasts in firefighting applications, 2019 - 2030 (Million Tons) (USD Million)
- Table 14 U.S. carbon dioxide market estimates and forecasts in others applications, 2019 - 2030 (Million Tons) (USD Million)
List of Figures
- Fig. 1 Carbon dioxide market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 U.S. Carbon Dioxide Market - Market snapshot, 2021 (USD Million)
- Fig. 7 U.S. Carbon dioxide market - Penetration & Growth Prospect Mapping
- Fig. 8 U.S. carbon dioxide market - Industry value chain analysis
- Fig. 9 Market driver impact analysis
- Fig. 10 Market restraint impact analysis
- Fig. 11 Post-combustion process
- Fig. 12 Pre-combustion process
- Fig. 13 Oxy-fuel combustion
- Fig. 14 Chemical-looping combustion process
- Fig. 15 U.S. carbon dioxide market analysis - Porter's
- Fig. 16 U.S. carbon dioxide market analysis - PESTEL analysis
- Fig. 17 U.S. carbon dioxide market - Source movement analysis, 2021 & 2030 (USD Million)
- Fig. 18 U.S. carbon dioxide market - Application movement analysis, 2021 & 2030 (USD Million)
- Fig. 19 Four Quadrant Positioning of Vendors
- Fig. 20 Strategies and Development
- Fig. 21 Airgas, Inc. - SWOT analysis
- Fig. 22 NuCO2, Inc. - SWOT analysis
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