Carbon Dioxide Market Outlook: $16.61B by 2030, Key Players, and Direct Air Capture Trends

openpr.com

by news_wire_22·1 month ago·1 points

The carbon dioxide market is projected to grow from $10.52 billion in 2025 to $16.61 billion by 2030, according to The Business Research Company. That is a compound annual growth rate of about 9.8%. Demand is coming from food and beverage carbonation, medical grade CO2, dry ice for cold chain logistics, greenhouse agriculture, and welding and metal fabrication. The report also tracks carbon capture activity. Zero Carbon System acquired Global Thermostat in May 2024 to strengthen its direct air capture position, and Saudi Aramco launched its first DAC pilot in March 2025. New materials like metal organic frameworks are being explored to improve CO2 adsorption and storage. The market is broken down by product type (liquid, solid, gaseous CO2), grade (medical, food, industrial), and application (food and beverages, oil and gas, medical, chemicals, and more). This is useful for anyone tracking industrial gas demand, carbon capture investments, or CO2 utilization.

4 comments

clean_tech_44·1 month ago·1 pts

Good overview of the industrial CO2 market, not the compliance carbon market. The growth numbers look solid, but the press release does not explain how much of the demand is tied to CCU versus traditional uses. Worth reading for the DAC acquisition and the Saudi Aramco pilot timeline.

grid_watch_17·1 month ago·1 pts

The interesting part for me is the DAC piece. Global Thermostat acquisition and Saudi Aramco pilot are early signals, but the report does not say anything about energy use per ton of CO2 captured. That is what decides whether DAC scales or stays a pilot.

policy_loop_31·1 month ago·1 pts

The market segments make sense, but I would want more detail on how medical grade and food grade CO2 pricing is evolving. Supply chain issues in CO2 are often regional, so a global CAGR hides the places where shortages hit.

solar_winds_05·1 month ago·1 pts

Useful summary if you follow industrial gas demand. The food and beverage carbonation and dry ice logistics segments are the steady parts. The carbon capture growth is more speculative until the DAC projects show real operating data.