The Carbon Dioxide Market Fueling the Future till 2030
Carbon Dioxide Industry Overview The global carbon dioxide market size was estimated at USD 10.94 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. This is attributed to its growing application in enhanced oil recovery (EOR) due to the depleting oil reserves and heavy dependence on crude oil imports, mainly in the Asia Pacific. Moreover, growing end-use industries like food & beverages and medical are expected to boost the carbon dioxide (CO2) industry during the forecast period. The U.S. is one of the most prominent markets for CO2 in the world, growing at a CAGR of 4.9% in terms of revenue in the upcoming years. The growth of the CO2 industry in the U.S. is attributed to increasing industrialization and the flourishing oil and gas industry in the country. Gather more insights about the market drivers, restrains and growth of the Carbon Dioxide Market As per the U.S. Energy Information Administratio...