Liquid Carbon Dioxide Market Size was valued at USD 7.42 Billion by 2035 | CAGR of 4.69%
Category: Chemicals & MaterialsAccording to a Research Report Published by Spherical Insights & Consulting, The Global Liquid Carbon Dioxide Market Size is Expected to Grow from USD 4.48 Billion in 2024 to USD 7.42 Billion by 2035, at a CAGR of 4.69% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the " Global Liquid Carbon Dioxide Market Size, Share, and COVID-19 Impact Analysis, By Source (Natural, and Industrial), By Application (Food & Beverages, Chemicals, Pharmaceuticals, Oil & Gas, Metal Fabrication, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. " Detailed Report Decription Here : https://www.sphericalinsights.com/reports/liquid-carbon-dioxide-market
The global commercial and industrial sector that produces, distributes, and uses carbon dioxide in its liquid condition is referred to as the liquid carbon dioxide (CO2) market. Because of its special qualities, which include low temperature, non-flammability, and inertness, liquid CO2 is widely used in many different sectors. It is mainly produced by purifying and compressing gaseous CO2. Important applications include food and beverage preservation, carbonated drinks, water treatment, chemical processing, medical applications, and increased oil recovery are all included in this industry. Demand is also supported by the growing pharmaceutical and healthcare sectors, which use liquid CO2 for sterilization, medical applications, and laboratory procedures. The need for liquid CO2 has also increased due to developments in chemical and petrochemical processes, such as enhanced oil recovery and specialized chemical manufacturing. Furthermore, the use of CO2 in industrial cleaning, decaffeination, and carbon capture technologies has increased due to the increased focus on environmentally beneficial practices. However, high costs, safety risks, regulatory compliance, and limited infrastructure restrain the liquid carbon dioxide market.
The natural segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the source, the liquid carbon dioxide market is divided into natural and industrial. Among these, the natural segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Liquid carbon dioxide is produced naturally by natural gas reserves and volcanic emissions.
The food & beverages segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the liquid carbon dioxide market is divided into food & beverages, chemicals, pharmaceuticals, oil & gas, metal fabrication, and others. Among these, the food & beverages segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The market is mostly driven by consumers' increasing desire for processed foods and fizzy drinks. Furthermore, modified atmosphere packaging (MAP) uses liquid carbon dioxide to increase food products' shelf life.
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Asia Pacific is expected to hold the majority share of the global liquid carbon dioxide market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global liquid carbon dioxide market during the forecast period. Market expansion is facilitated by technological developments in CO2 liquefaction, storage, and transportation infrastructure, as well as favorable government regulations in nations like China, India, and Japan. The region's dominant market position is anticipated to be further reinforced by the growing emphasis on environmentally beneficial activities, such as carbon capture and usage, making the Asia Pacific the greatest contributor to the global demand for liquid CO2.
North America is anticipated to grow at the fastest pace in the global liquid carbon dioxide market during the forecast period. Modern infrastructure for liquefaction, storage, and distribution facilitates effective supply and sustains rising industrial usage. Furthermore, the use of liquid CO2 in decaffeination, cleaning, and carbon capture applications is being encouraged by strict environmental rules and programs that support sustainable practices. Further propelling market expansion are technological advancements in CO2 handling and ongoing expenditures by major market players.
Major vendors in the global liquid carbon dioxide market are Air Liquide S.A., Air Products and Chemicals, Inc., Air Water Inc., BASF SE, Continental Carbonic Products, Inc., Gulf Cryo, INOX Air Products Pvt. Ltd., Linde Bangladesh Limited, Linde plc, Matheson Tri-Gas, Inc., Messer Group GmbH, Praxair Technology, Inc., SOL Group, Taiyo Nippon Sanso Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2025, Rashtriya Chemicals & Fertilizers Limited (RCF) launched industrial applications by starting commercial operations of its new 100-ton-per-day Liquid Carbon Dioxide Plant in Trombay.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the liquid carbon dioxide market based on the below-mentioned segments:
Global Liquid Carbon Dioxide Market, By Source
- Natural
- Industrial
Global Liquid Carbon Dioxide Market, By Application
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Oil & Gas
- Metal Fabrication
- Others
Global Liquid Carbon Dioxide Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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