Dublin, Jan. 18, 2019 (GLOBE NEWSWIRE) -- The "Global CO2 Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global CO2 market will register a CAGR of more than 13% by 2022.

Oil and gas industry is the key contributors to the CO2 market as it mainly used for enhancing oil recovery in the oil and gas industry. Factors such as undergrounds deposits of CO2 are relatively inexpensive and can be extracted in large quantity, which has increase demand for CO2 in oil and gas industry prefer CO2.

The increased use of nitrogen and carbon dioxide for oil recovery projects and high requirement of low- Sulphur diesel and gasoline, where these gases are used for Sulphur separation process will propel the growth of the market.

Market Overview

Increasing number of applications in the food and beverages industry

CO2 is available in the solid, liquid and gaseous states. This liquid form is the most used form in the food and beverages industry. CO2 is used for processing all types of meat products and frozen specialties.

High manufacturing cost

Although CO2 is abundant in nature, the setting up of air separation plants for production this gas requires heavy investments. The volatility of raw material prices, rising cost of products and mode of packaging reduce profits margins of vendors, therefore this will hinder the medium and small vendors.

Competitive Landscape

The CO2 market is concentrated due to the presence of a few companies. The vendors in market rely on organic growth thorough M&A. The expansion of manufacturing capacities as major vendors increases their consumer base through expansion M&A, and strengthening distribution networks.

Report Summary

The latest trend gaining momentum in the market is the increase in R&D activities for new appliances. These R&D activities in the enhanced oil recovery sector extensively use CO2 and will drive them market growth.

According to the report, one of the major drivers for this market is the rising demand in the oil and gas industry. The increased use of nitrogen and carbon dioxide for oil recovery projects and high requirement of low- sulfur diesel and gasoline where these gases are used for sulfur separation process will foster the growth of the market.

Further, the report states that one of the major factors hindering the growth of this market is the high manufacturing cost. Vendors are unable to maintain a balanced mix of distribution to ensure maximum consumer reach. Factors such as variation in energy prices, rising labor cost, and other expenses pose a threat to CO2 vendors.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

PART 05: MARKET SIZING

• Market sizing 2017
• Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY APPLICATION

• Comparison by application
• Global CO2 market by enhanced oil refinery
• Global CO2 market by food and beverages
• Global CO2 market by precipitated calcium carbonate
  
• Global CO2 market by others
  
• Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

• Regional comparison
• Key leading countries
• Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

• Increase in R&D activities for new applications
• Inorganic expansion and increase in M&A

PART 13: VENDOR LANDSCAPE

• Landscape disruption
• Competitive scenario

PART 14: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Air Liquide
• Air Products and Chemicals
• BASF
• Messer
• Praxair
• SOL
• The Linde Group
  

For more information about this report visit https://www.researchandmarkets.com/research/p9drdm/global_co2_market?w=12

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                  Related Topics: Industrial and Specialty Gases