The global industrial carbon dioxide market is projected to grow from its current value to $7.59 billion by 2030, driven by rising adoption of carbon capture and utilization (CCU) technologies and increasing demand from food processing, metal fabrication, and enhanced oil recovery sectors. The report from The Business Research Company forecasts a 6.2% CAGR through the decade. Key players like Linde, Air Liquide, and BASF are investing in sustainable CO2 production facilities. For example, Messer Group opened a green CO2 plant in the Czech Republic that captures carbon from a bioethanol producer, reducing reliance on fossil sources and cutting transport emissions. The market is segmented by product type (liquid, solid, gas), source (hydrogen production, ethanol, ethylene oxide), and end-user industries including food and beverage, oil and gas, and chemicals.
