Global Carbon Dioxide in Environmental
Market Report
2025
The global Carbon Dioxide in Environmental market size will be USD 11524.5 million in 2024. Development of Carbon Capture, Utilization, and Storage (CCUS) technologies is expected to boost sales to USD 16764.44 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.50% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Carbon Dioxide in Environmental market size will be USD 11524.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
North America Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 3.7% |
United States Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 3.5% |
Canada Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.5% |
Mexico Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Europe Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4% |
United Kingdom Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.8% |
France Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 3.2% |
Germany Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Italy Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 3.4% |
Russia Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 3% |
Spain Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 3.1% |
Rest of Europe Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 2.7% |
Asia Pacific Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 7.5% |
China Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
Japan Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 6% |
India Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 9.3% |
South Korea Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 6.6% |
Australia Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 7.2% |
Rest of APAC Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 7.3% |
South America Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.9% |
Brazil Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Argentina Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.8% |
Colombia Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Peru Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.1% |
Chile Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.2% |
Rest of South America Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4% |
Middle East Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.2% |
Egypt Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Turkey Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Rest of Middle East Carbon Dioxide in Environmental Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Carbon Dioxide in Environmental Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The carbon dioxide (CO2) environmental market focuses on technologies and solutions aimed at reducing CO2 emissions and addressing climate change. Key drivers include stricter regulatory frameworks, corporate sustainability commitments, and technological advancements in carbon capture, utilization, and storage (CCUS). Increasing awareness of climate change impacts has led businesses and governments to prioritize sustainable practices, contributing to the market's growth. Trends shaping the market include rising investments in renewable energy, enhanced efficiency in industrial processes, and the development of carbon offset programs. Additionally, the integration of artificial intelligence and digital technologies in monitoring and managing emissions is gaining traction. As international climate agreements reinforce the urgency for emissions reductions, the CO2 environmental market is expected to expand, offering innovative solutions to combat climate challenges and promote a sustainable future.
In March 2024, Shell and ONGC have partnered on a study focusing on storage and enhanced oil recovery (EOR) in India, targeting depleted oil and gas fields as well as saline aquifers. This collaboration seeks to advance carbon capture, utilization, and storage (CCUS) as an emissions reduction strategy to address climate change. The project involves injecting carbon dioxide for geological storage while enhancing oil production from ONGC's mature fields. (Source: https://ongcindia.com/web/hi/w/ongc-%E0%A4%A8%E0%A5%87-%E0%A4%95%E0%A4%BE%E0%A4%B0%E0%A5%8D%E0%A4%AC%E0%A4%A8-%E0%A4%95%E0%A5%88%E0%A4%AA%E0%A5%8D%E0%A4%9A%E0%A4%B0-%E0%A4%AF%E0%A5%82%E0%A4%9F%E0%A4%BF%E0%A4%B2%E0%A4%BE%E0%A4%87%E0%A4%9C%E0%A5%87%E0%A4%B6%E0%A4%A8-%E0%A4%94%E0%A4%B0-)
The development of Carbon Capture, Utilization, and Storage (CCUS) technologies is a crucial driver of the carbon dioxide (CO2) environmental market due to its potential to significantly reduce greenhouse gas emissions from industrial processes and power generation. CCUS technologies enable the capture of CO2 emissions at their source, preventing them from entering the atmosphere. This captured CO2 can then be utilized in various applications, such as in the production of synthetic fuels, chemicals, or building materials, promoting a circular carbon economy. Moreover, advancements in CCUS technologies are attracting substantial investments, supported by government incentives and climate commitments. As industries strive to meet stringent emissions targets, CCUS plays a pivotal role in facilitating the transition to a low-carbon economy, driving market growth and innovation. For instance, JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, part of Chevron U.S.A. Inc., have signed a memorandum of understanding to evaluate the feasibility of exporting carbon dioxide from Japan to carbon capture and storage (CCS) projects in Australia and other Asia-Pacific countries. This collaboration aims to strengthen the companies' presence in the market.
Corporate Social Responsibility (CSR) practices are significantly driving the carbon dioxide (CO2) environmental market as businesses increasingly recognize the importance of sustainable operations. Companies are adopting CSR initiatives to enhance their brand reputation, meet consumer expectations, and mitigate climate change impacts. By committing to reduce their carbon footprint, organizations implement strategies such as energy efficiency improvements, sustainable sourcing, and the adoption of carbon capture technologies. These efforts not only fulfill regulatory requirements but also align with global climate goals, attracting environmentally conscious investors. Furthermore, transparency in CSR reporting fosters trust among stakeholders and consumers, further pushing businesses toward adopting innovative CO2 reduction solutions. As more companies integrate CSR into their core strategies, the demand for carbon management technologies and services continues to rise, fueling market growth.
The high costs of technology are a significant restraint on the carbon dioxide (CO2) environmental market, hindering the widespread adoption of carbon capture, utilization, and storage (CCUS) solutions. The initial capital investment required for developing and implementing advanced CO2 management technologies can be substantial, making it challenging for many companies, especially small and medium-sized enterprises, to participate. Additionally, ongoing operational and maintenance costs can further strain financial resources. This financial burden may deter investments in research and development, slowing down innovation in the sector. As a result, many organizations may opt for less expensive, conventional methods of CO2 emission management, limiting the market's growth potential. Addressing these cost barriers is crucial for advancing technology adoption and achieving significant emissions reductions.
The COVID-19 pandemic significantly impacted the carbon dioxide (CO2) environmental market, initially leading to a temporary reduction in emissions due to decreased industrial activity and travel restrictions. However, this decline highlighted the need for sustainable practices and accelerated discussions around climate change and environmental responsibility. Post-pandemic, there is an increasing focus on green recovery initiatives, with governments and businesses prioritizing investments in renewable energy and carbon capture technologies to support economic recovery while addressing climate goals. Additionally, the crisis underscored the importance of resilience in supply chains and energy systems, prompting a shift towards sustainable practices. As a result, the pandemic has catalyzed greater awareness and commitment to carbon management solutions, driving potential long-term growth in the CO2 environmental market.
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The competitive landscape of the carbon dioxide (CO2) environmental market is characterized by a mix of established energy giants and innovative startups. Major players like ExxonMobil, Shell, and Linde plc leverage extensive resources and technological expertise to advance carbon capture and utilization projects. Meanwhile, emerging companies like Climeworks focus on direct air capture technologies. Strategic partnerships, mergers, and investments in research and development are common as firms seek to enhance their capabilities and meet growing regulatory and consumer demands for sustainable solutions.
In February 2024, Fluor Corporation and Chevron New Energies have entered into a licensing agreement allowing Chevron to utilize Fluor's proprietary Econamine FG PlusSM carbon capture technology. This partnership aims to reduce carbon dioxide emissions at Chevron's Eastridge Cogeneration facility located in Kern County, California. (Source: https://newsroom.fluor.com/news-releases/news-details/2024/Fluors-Econamine-FG-PlusSM-Carbon-Capture-Technology-Selected-to-Reduce-CO2-Emissions-at-Chevron-Facility/default.aspx#:~:text=IRVING%2C%20Texas%2D%2D(BUSINESS%20WIRE,Cogeneration%20facility%20in%20Kern%20County%2C) In March 2021, Air Liquide has formed an agreement with the Gippsland Basin Joint Venture, a partnership between BHP Petroleum (Bass Strait) Pty Ltd and Esso Australia Resources Pty Ltd, to construct a new facility dedicated to supplying carbon dioxide to Australian industries. This facility will be located adjacent to the Longford Gas Conditioning Plant, which is owned by the Gippsland Basin Joint Venture and operated by Esso Australia. The plant will capture CO2 from its processes, which will then be supplied to Air Liquide for purification and reuse. (Source: https://au.airliquide.com/sites/al_au/files/2021/03/09/press_release_australia_longford_co2_plant.pdf) In February 2023, POET has revealed its intention to construct a new facility at its bioprocessing site in Laddonia. This facility will capture more than 200 tons of CO2 daily and produce dry ice. Recognized as the fastest-growing renewable CO2 business in the U.S., POET markets its products for applications in soda carbonation, food processing, and various industrial uses. (Source: https://poet.com/pr/poet-pure-biogenic-co2-and-dry-ice-business-expands)
Top Companies Market Share in Carbon Dioxide in Environmental Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Carbon Dioxide in Environmental market, and the region is expected to have significant growth during the projected period. This is due to the region's its robust regulatory framework and significant investments in carbon capture, utilization, and storage (CCUS) technologies. The presence of major energy companies and extensive infrastructure facilitates innovative projects aimed at reducing emissions. Furthermore, strong governmental support, such as tax incentives and funding for green initiatives, drives the development of sustainable solutions. Public awareness and corporate sustainability commitments further enhance North America's leadership in this market.
The Asia Pacific region is experiencing the fastest CAGR in the carbon dioxide (CO2) environmental market due to rapid industrialization and urbanization, leading to increased CO2 emissions. Governments are implementing stringent environmental regulations and investing in carbon capture, utilization, and storage (CCUS) technologies to combat climate change. Additionally, rising public awareness and demand for sustainable practices drive businesses to adopt innovative solutions. The growing focus on renewable energy and international climate commitments further propels market growth in this dynamic region.
The current report Scope analyzes Carbon Dioxide in Environmental Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Carbon Dioxide in Environmental market size was estimated at USD 11524.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4609.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
According to Cognitive Market Research, the global Carbon Dioxide in Environmental market size was estimated at USD 11524.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3457.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
According to Cognitive Market Research, the global Carbon Dioxide in Environmental market size was estimated at USD 11524.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2650.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
According to Cognitive Market Research, the global Carbon Dioxide in Environmental market size was estimated at USD 11524.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 576.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
According to Cognitive Market Research, the global Carbon Dioxide in Environmental market size was estimated at USD 11524.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 230.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..
Global Carbon Dioxide in Environmental Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Carbon Dioxide in Environmental Industry growth. Carbon Dioxide in Environmental market has been segmented with the help of its Type Outlook:, , and others. Carbon Dioxide in Environmental market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Carbon Dioxide in Environmental Market?
According to Cognitive Market Research, Gaseous State are likely to dominate the Carbon Dioxide in Environmental Market over the forecast period. The gaseous state type has captured the largest market share in the carbon dioxide (CO2) environmental market due to its widespread applications across various industries, including energy production, food and beverage, and chemical manufacturing. Gaseous CO2 is essential for processes such as enhanced oil recovery and carbonation in beverages. Its availability and ease of transportation contribute to its dominance. Additionally, advancements in carbon capture and storage technologies focus on capturing gaseous emissions, further solidifying its position in the market.
The liquid state type is growing at the highest CAGR in the carbon dioxide (CO2) environmental market due to its increasing applications in sectors like food preservation, chemical manufacturing, and enhanced oil recovery. Liquid CO2 offers advantages such as higher density, making it easier to transport and store. Its utilization in carbon capture and storage (CCS) projects is also rising, driven by regulatory pressures for emissions reductions. Moreover, advancements in liquefaction technology enhance its appeal, fostering market growth.
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Carbon Dioxide in Environmental Market.
Some of the key of Carbon Dioxide in Environmental are:
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Research Analyst at Cognitive Market Research
Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.
Ashwini Moharir is a market research professional with over 2 years of hands-on experience in delivering strategic insights and data-driven analysis across the healthcare and food & beverage sectors. She specializes in gathering and interpreting market data to support business decisions, product development, and competitive positioning.
With a foundation in teaching and research & development, Ashwini brings a well-rounded perspective that enhances her approach to market analysis. Her ability to combine academic rigor with practical industry knowledge allows her to uncover deeper insights and provide actionable recommendation.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type Outlook: | Gaseous State, Liquid State, Solid State |
List of Competitors | Carbon Clean Solutions, Climeworks, Aker Solutions, Global CCS Institute, Linde plc, Siemens AG, ExxonMobil, Chevron Corporation, Shell, BP plc, BASF SE, Air Products and Chemicals, Inc., Fluor Corporation, Drax Group plc, Nestlé S.A. |
This chapter will help you gain GLOBAL Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review Global Carbon Dioxide in Environmental Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review North America Carbon Dioxide in Environmental Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review Europe Carbon Dioxide in Environmental Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review Asia Pacific Carbon Dioxide in Environmental Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review South America Carbon Dioxide in Environmental Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review Middle East Carbon Dioxide in Environmental Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Carbon Dioxide in Environmental. Further deep in this chapter, you will be able to review Middle East Carbon Dioxide in Environmental Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Carbon Dioxide in Environmental. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Carbon Dioxide in Environmental market
Chapter 11 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 12 Research Methodology and Sources
Why Gaseous State have a significant impact on Carbon Dioxide in Environmental market? |
What are the key factors affecting the Gaseous State and Liquid State of Carbon Dioxide in Environmental Market? |
What is the CAGR/Growth Rate of during the forecast period? |
By type, which segment accounted for largest share of the global Carbon Dioxide in Environmental Market? |
Which region is expected to dominate the global Carbon Dioxide in Environmental Market within the forecast period? |
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