The global carbon dioxide market size was USD 10.36 billion in 2020. The market is projected to reach USD 13.65 billion in 2026 from USD 10.69 billion in 2021 at a CAGR of 3.6% during the 2021-2028 period. Usages and applications of CO2 in various industries is expected to drive the market growth. It is widely used and consumed in oil and gas industry for oil recovery. Increased investments in the development of oil recovery is anticipated to surge the demand for CO2 in the oil & gas industry. Increasing use in food and beverage and medical industry is anticipated to drive market progression. Rising demand for carbon storage and capture in various countries is expected to drive market growth. Fortune Business Insights™ mentioned this in a report titled, “Carbon Dioxide Market, 2021-2028”.
Information Source:
https://www.fortunebusinessins....ights.com/carbon-dio
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