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With a purpose to examine the global carbon dioxide market, Fact.MR has published a recent study which highlights the extensive consumption of carbon dioxide in the coming years. The rising inclination from food and beverage industry ranging from preservation of packaged food to carbonating drinks and wine conservation, are all contributing to favor carbon dioxide market. The assessment titled “Carbon Dioxide Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026”, opines that demand for carbon dioxide primarily from the food and beverage industry would continue to acquire a significant portion of market share worth US$ 2352.8 Mn by 2026-end.The main aim of this research study is to deliver precise market insights centered at the global carbon dioxide market during the forecasted years. Stakeholders and investors can benefit from this assessment as it outlines vital market aspects including value chain analysis, Porter’s Five Forces analysis, Y-o-Y projections, absolute $ opportunity as well as market dynamics covering drivers, trends and restraints.
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North America Registers Promising Volume Share during Forecast Period
The study displays a segment-wise analysis including regional bifurcation. It has been estimated that North America will continue to acquire the largest volume share of 11,760 KT by 2026-end. Interestingly, China is anticipated to follow together with respect to volume share. It has been discoursed that thriving oil and gas industry across the mentioned regions is fueling shares in the global carbon dioxide market.
On the other hand, carbon dioxide market in Europe is projected to outsell China on the basis of value share. To be precise, the report climaxes the recent forecast centered at the Europe carbon dioxide market dynamics which outline increasing CO2 prices instigated due to CO2 shortage and rising dependency on imports.
Enhanced Oil Recovery (EOR) Across Oil and Gas Industries Supplementing Carbon Dioxide Sales
Based on a revelation by the American Petroleum Institute, the burgeoning demand for carbon dioxide is led by the the oil & gas industry which has been supporting the concerned sector since the past 35 years for added oil recovery. Going forward with an analysis issued by the U.S. Department of Energy (DOE), close to 137 billion barrels of prospective oil resources are recoverable using carbon dioxide enhanced oil recovery. Such statistics directly point out towards the escalating usage of carbon dioxide linked to EOH in the oil and gas industry, motivating the growth of CO2 market. In addition, rising involvement of governments across the globe for promoting enhanced oil recovery techniques is another factor advocating the usage of carbon dioxide.
Report Overview- https://www.factmr.com/report/2222/carbon-dioxide-market
Transportation Apprehensions of Carbon Dioxide Likely to Impact Market Development
Apart from the growth factors, there are certain restraints which might obstruct the development of the carbon dioxide market in the near future. For instance, concerns associated to suitable of transportation is a primary limitation at present. Although deployment of a pipeline infrastructure to transport carbon dioxide is practiced for decades, but lack of standards authenticating pipeline quality poses prominent restrictions, thereby, thwarting the market growth.
The final section of the report is dedicated to highlight the leading players operating in the global carbon dioxide market. Some of the prominent companies mentioned in the report are Linde Group, Praxair Inc., Air Liquide, Air Products and Chemicals, Inc., Abdullah Hashim Industrial & Equipment Co. Ltd, Gulf Cryo and many more.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Info:
Name: James Martin
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Organization: Fact.MR
Website: https://www.factmr.com/
Release ID: 88932329
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