Carbon Dioxide Market Size Worth $6.83 Billion By 2030
Carbon Dioxide Industry Overview The global carbon dioxide market size was valued at USD 3.68 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2030. Increasing utilization of Carbon Dioxide (CO2) for Enhanced Oil Recovery (EOR) and its surging usage in food & beverages and medical industries are anticipated to fuel the growth of the global market during the forecast period. Depleting oil reserves and increasing dependence of different regions, especially in Asia Pacific, on crude oil imports have increased the deployment of enhanced oil recovery technology, thereby fueling the growth of the market. The U.S. is one of the largest markets for carbon dioxide in the world. The market in this country is projected to grow at a CAGR of 7.2% over the forecast period in terms of revenue. The growth of the market in the U.S. can be attributed to the ongoing industrialization and the flourishing oil & gas industry in the country...