PUBLISHER: The Business Research Company | PRODUCT CODE: 1926940
PUBLISHER: The Business Research Company | PRODUCT CODE: 1926940
Industrial carbon dioxide (CO2) is a commercially produced gas used to facilitate chemical reactions, improve process efficiency, and maintain controlled conditions in industrial operations. It supports temperature regulation and pressure control, helping ensure consistent operational performance. Industrial CO2 provides the advantage of stability under varying conditions, making processes more reliable and predictable. Its versatility and effectiveness make it an essential component in modern industrial systems.
The main product types of industrial carbon dioxide include liquid carbon dioxide, solid carbon dioxide (dry ice), and gaseous carbon dioxide. Liquid carbon dioxide is CO2 that has been compressed and cooled into a liquid state for easier storage, transport, and industrial application. It is sourced from hydrogen production, ethyl alcohol production, ethylene oxide production, substitute natural gas production, and other processes, and is delivered through cylinders, bulk supply, and pipelines. It is used in applications such as enhanced oil recovery, ammonia synthesis, carbonation, shielding and inert gas functions, dry ice production, and more, serving end users across food and beverages, oil and gas, chemicals, building and construction, medical and pharmaceuticals, the metal industry, rubber and plastic, and other sectors.
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.
Tariffs have affected the industrial carbon dioxide market by increasing costs of imported production equipment, storage systems, and pipeline components. Food and beverages, oil and gas, and chemical processing segments are most impacted, particularly in Asia Pacific and North America. These tariffs have influenced bulk supply pricing and long-term supply contracts. Logistics and transportation costs have also risen due to equipment duties. However, tariffs have encouraged domestic CO2 recovery projects and localized gas production facilities.
The industrial carbon dioxide market research report is one of a series of new reports from The Business Research Company that provides industrial carbon dioxide market statistics, including industrial carbon dioxide industry global market size, regional shares, competitors with a industrial carbon dioxide market share, detailed industrial carbon dioxide market segments, market trends and opportunities, and any further data you may need to thrive in the industrial carbon dioxide industry. This industrial carbon dioxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial carbon dioxide market size has grown strongly in recent years. It will grow from $5.6 billion in 2025 to $5.96 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to industrial manufacturing expansion, beverage carbonation demand, oil and gas recovery operations, ammonia production growth, metal processing requirements.
The industrial carbon dioxide market size is expected to see strong growth in the next few years. It will grow to $7.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to carbon capture utilization growth, hydrogen production expansion, industrial gas infrastructure investment, food processing demand growth, advanced manufacturing processes. Major trends in the forecast period include rising demand for industrial gas applications, growing use in enhanced oil recovery, expansion of carbonation and beverage processing, increasing adoption in metal fabrication, focus on high purity and process efficiency.
The increasing demand for packaged foods is expected to drive the growth of the industrial carbon dioxide market in the coming years. Packaged foods refer to processed or prepared food products that are sealed in packaging for convenience, preservation, and easy distribution. This demand is rising due to busy lifestyles, with consumers opting for convenient, ready-to-eat, or easy-to-cook food options that save time. Industrial carbon dioxide plays a key role in packaged foods by preserving freshness and extending shelf life. It is used in carbonation, modified atmosphere packaging (MAP), and refrigeration to prevent spoilage and maintain product quality. For example, in July 2025, Agriculture and Agri-Food Canada (AAFC) reported that in 2024, exports of processed food and beverage products from Canada reached $59.8 billion, marking a 3.8% increase compared to 2023. As a result, the growing demand for packaged foods is contributing to the growth of the industrial carbon dioxide market.
Major companies in the industrial carbon dioxide market are focusing on developing sustainable CO2 production plants to meet rising industrial demand while reducing environmental impact. A sustainable CO2 production plant captures or generates carbon dioxide using eco-friendly methods, minimizing emissions and energy consumption. These plants often incorporate carbon capture technologies, renewable energy, or circular economy practices to reduce their carbon footprint. For instance, in December 2024, Messer Group, a Germany-based industrial gases company, began operations at its new green CO2 facility in Vrdy, Czech Republic. This plant produces green CO2 sourced from a local bioethanol producer, helping Messer achieve its ESG (Environmental, Social, and Governance) goals by reducing reliance on fossil or chemical sources. The facility also enhances supply reliability for local industries, particularly in food and beverage sectors, by enabling Messer to deliver CO2 independently without relying on imports, while simultaneously lowering greenhouse gas emissions through reduced transportation distances.
In January 2025, Alto Ingredients, Inc., a US-based producer and distributor of specialty alcohols, acquired Kodiak Carbonic, LLC, for an undisclosed amount. This acquisition allows Alto Ingredients to secure long-term CO2 sales contracts, boosting profitability, de-risking future cash flows, expanding its premium ingredients portfolio, and enhancing the economics and asset value of its Columbia facility. Kodiak Carbonic, LLC operates a beverage-grade liquid CO2 processing plant, contributing to Alto Ingredients' industrial carbon dioxide operations.
Major companies operating in the industrial carbon dioxide market are BASF SE, Linde plc, Air Liquide S.A., Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, Air Water Inc., Messer Group GmbH, SOL S.p.A., Westfalen AG, Matheson Tri-Gas Inc., Gulf Cryo Holding Company, India Glycols Limited, Continental Carbonic Products Inc., Suzhou Jinhong Gas Co. Ltd., Coregas Pty Ltd., Buzwair Industrial Gases Factories Co. LLC, Iwatani Corporation, SIAD Group, Praxair Inc., Nippon Gases, Yingde Gases Group Company Limited, Hangzhou Hangyang Co. Ltd., Ellenbarrie Industrial Gases Ltd.
North America was the largest region in the industrial carbon dioxide market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial carbon dioxide market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the industrial carbon dioxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The industrial carbon dioxide market consists of sales of food-grade carbon dioxide, beverage-grade carbon dioxide, welding-grade carbon dioxide, medical-grade carbon dioxide, and industrial-grade carbon dioxide cylinders. 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.
Industrial Carbon Dioxide Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses industrial 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 industrial 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 industrial 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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