PUBLISHER: The Business Research Company | PRODUCT CODE: 1888278
PUBLISHER: The Business Research Company | PRODUCT CODE: 1888278
High purity carbon dioxide (CO2) is CO2 gas refined to contain extremely low levels of impurities. It undergoes careful processing, filtration, and quality monitoring to meet strict standards required for sensitive industrial and scientific uses. This type of CO2 supports industries such as food and beverage, healthcare, and electronics, where even minor contaminants can impact safety or product quality.
The primary sources of high purity carbon dioxide include industrial fermentation, natural gas processing, ethanol production, ammonia production, and others. Industrial fermentation is a large-scale biological process in which microorganisms such as bacteria, yeast, or fungi convert raw materials into valuable products such as chemicals, gases, and biofuels. The different production sources include natural carbon dioxide and industrial carbon dioxide. Delivery modes include bulk delivery, cylinders, microbulk delivery, and on-site generation. Key applications include the pharmaceutical industry, food and beverage industry, industrial uses, electronics manufacturing, and laboratory and research applications, and they serve a variety of end-users such as healthcare, food and beverage, electronics, chemicals, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.
The high purity carbon dioxide market research report is one of a series of new reports from The Business Research Company that provides high purity carbon dioxide market statistics, including the high purity carbon dioxide industry global market size, regional shares, competitors with the high purity carbon dioxide market share, detailed high purity carbon dioxide market segments, market trends, and opportunities, and any further data you may need to thrive in the high purity carbon dioxide industry. This high purity carbon dioxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high purity carbon dioxide market size has grown strongly in recent years. It will grow from $6.41 billion in 2024 to $6.86 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. Growth in the historic period can be attributed to rising demand for food and beverage carbonation, increased use of high purity gases in pharmaceutical processing and packaging, growing need for controlled environments in laboratory applications, expanding global beverage bottling and preservation activities, stricter enforcement of industrial gas purity standards, and rising adoption of controlled-atmosphere storage for fruits and vegetables.
The high purity carbon dioxide market size is expected to see strong growth in the next few years. It will grow to $8.87 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. Growth in the forecast period can be attributed to increasing consumption of packaged and carbonated beverages in emerging economies, greater investment in healthcare and clinical research facilities, rising demand for carbon dioxide in precision food freezing and chilling, a surge in beverage export activities that require high purity packaging gas, the expansion of pharmaceutical manufacturing in developing regions, and a growing consumer shift toward premium beverage products requiring superior carbonation quality. Key trends expected in the forecast period include technological advancements in impurity removal and gas purification systems, progress in high-efficiency liquefaction and storage solutions, innovations in purity monitoring and continuous quality control technologies, developments in modular on-site purification plants, research and development in sustainable purification and processing methods, and advancements in energy-efficient gas recovery and recycling systems.
The increasing consumption of carbonated beverages is expected to drive the growth of the high purity carbon dioxide market. Carbonated beverages are drinks that are infused with carbon dioxide gas under pressure, creating effervescence and a bubbly texture. The rising demand for convenient ready-to-drink options is driving the consumption of carbonated beverages, as busy consumers seek beverages that offer quick refreshment without the need for preparation. High purity carbon dioxide is essential for carbonating these beverages by dissolving CO2 under pressure, which not only creates fizz but also helps preserve freshness and product quality. For example, in May 2025, Statistics Norway (SSB), a national government agency, reported that Norwegians consumed an average of 337 kg of sugared and sweetened non-alcoholic beverages per person in 2023, which was a 3.4 kg increase compared to 2022. As a result, the growing consumption of carbonated beverages is driving the expansion of the high purity carbon dioxide market.
Major companies in the high purity carbon dioxide market are focusing on technological advancements such as cryogenic liquefaction to improve product quality, storage efficiency, and large-scale distribution capabilities. Cryogenic liquefaction is an advanced process that cools purified carbon dioxide to extremely low temperatures under controlled pressure, turning it into a liquid while removing non-condensable impurities. This process enables the preservation of high purity CO2, safe transportation, and long-term storage. For example, in October 2025, Gulf Cryo, a UAE-based industrial and medical gases producer, partnered with RAK Ceramics, a UAE-based ceramics manufacturer, to launch the country's first high-purity carbon dioxide (CO2) capture facility. This cryogenic liquefaction solution captures, purifies, and liquefies carbon dioxide from industrial exhaust streams for commercial distribution, improving the reliability of food-grade liquid CO2 supply and supporting decarbonization through carbon capture and utilization.
In April 2023, Linde plc, an Ireland-based industrial gases company, entered into a partnership with Heidelberg Materials AG to jointly build, own, and operate a large-scale carbon capture, liquefaction, and purification facility at Heidelberg's Lengfurt cement plant in Germany. This collaboration will enable Linde to strengthen its supply of high-purity liquid carbon dioxide by capturing and purifying around 70,000 tons of CO2 annually, which will support merchant demand in sectors such as chemicals and food and beverages. Heidelberg Materials, based in Germany, is a leader in cement production and large-scale carbon capture and utilization projects.
Major players in the high purity carbon dioxide market are BASF SE, Linde plc, Air Liquide SA, Air Products and Chemicals, Inc., Nippon Sanso Holdings, Air Water Incorporated, Iwatani Corporation, Messer Group GmbH, SOL Group SpA, Gulf Cryo Holding KSCC, Jubilant Ingrevia Limited, India Glycols Limited, Norco Inc., Buzwair Holding Company WLL, INOX Air Products Private Limited, SIAD Societa Italiana Acetilene e Derivati SpA, Suzhou Jinhong Gas Co. Ltd., Ellenbarrie Industrial Gases Limited, Goyal MG Gases Private Limited, Smart-Gas Pte Ltd.
North America was the largest region in the high purity carbon dioxide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in high purity carbon dioxide report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the high purity carbon dioxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The high purity carbon dioxide market consists of sales of liquid carbon dioxide, compressed carbon dioxide gas, dry ice, supercritical carbon dioxide, food-grade carbon dioxide, medical-grade carbon dioxide, and semiconductor-grade carbon dioxide. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High Purity Carbon Dioxide Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high purity carbon dioxide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for high purity carbon dioxide ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The high purity carbon dioxide market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.