PUBLISHER: Grand View Research | PRODUCT CODE: 1814133
PUBLISHER: Grand View Research | PRODUCT CODE: 1814133
The Middle East carbon dioxide market size was estimated at USD 1,381.4 million in 2024 and is projected to reach USD 2,293.2 million by 2033, growing at a CAGR of 5.7% from 2025 to 2033. The growth is driven by robust demand from the food and beverage sector, where carbonation, modified atmosphere packaging, and cold-chain applications ensure steady consumption.
Expanding healthcare infrastructure and pharmaceutical cold logistics further support medical-grade CO2 adoption. In parallel, large-scale hydrogen, ammonia, and petrochemical projects provide abundant capture opportunities, while government-led decarbonization and CCUS initiatives across Saudi Arabia, the UAE, and Qatar accelerate the availability of purified CO2 streams for industrial use.
Significant opportunities lie in developing integrated CO2 capture and utilization hubs near refineries, petrochemical clusters, and LNG facilities, which can reduce costs and ensure reliable merchant supply. The rising focus on blue hydrogen and blue ammonia creates a structural growth pathway for CO2 capture. At the same time, new applications in e-fuels, mineral carbonation, and advanced chemicals represent long-term utilization avenues. The growth of tourism, packaged food, and cold-chain logistics in the region enhances opportunities for high-purity CO2, dry ice, and medical-grade applications.
The Middle East carbon dioxide industry faces challenges related to supply reliability, as unplanned refinery or petrochemical shutdowns can cause shortages that disrupt merchant CO2 availability. Compliance with stringent purity standards for food- and medical-grade CO2 increases operational complexity and costs for producers. Moreover, the region's high temperatures amplify storage and transportation challenges, increasing boil-off risks and logistics expenses. Finally, dependence on a limited number of large industrial emitters for feedstock CO2 poses concentration risks, making the market vulnerable to operational and policy shifts in upstream industries.
Middle East Carbon Dioxide Market Report Segmentation
This report forecasts volume & revenue growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the Middle East carbon dioxide market report based on product, application, and country: