Over the past five years, demand from markets vital to the Carbon Dioxide Production industry fizzled because of increased health concerns and shifting consumer preferences. Consequently, industry revenue grew only slightly over the period. IBISWorld projects a slight turnaround for the industry over the next five years, supported by an anticipated expansion in industrial production, rising demand from medical markets due to a progressively aging US population and increased domestic oil drilling activity propelled by persistently high global crude prices. However, a continuation of shifting consumer preferences away from carbonated soft drinks and frozen fruits and vegetables will limit industry expansion.
This industry manufactures carbon dioxide in compressed and solid forms. Operators then supply the carbon dioxide to a diverse range of customers, including industrial, medical and specialized users.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.