Carbon Dioxide Production in the US - Industry Market Research Report
Description
Carbon Dioxide Production in the US
Carbon dioxide producers manufacture and refine carbon dioxide, selling it to downstream industries in either gas, liquid or solid forms. Carbon dioxide has multiple uses across various industries, somewhat protecting producers from volatility. The pandemic directly impacted demand for carbon dioxide products. The healthcare sector boomed as a major market for carbon dioxide, as healthcare facilities rely heavily on dry ice to transport medicine and bio specimens at lower temperatures. Dry ice sales boomed due to the vaccine's rollout, enabling downstream manufacturers to distribute them with fewer risks. Similarly, the food and beverage sector uses carbon dioxide to freeze-dry foods, as an additive and to carbonate drinks. Although consumption of carbonated soft drinks, such as soda, has slowed down, the growing demand for beer and wine has been able to offset losses from the food and beverage sector. However, rising demand for frozen foods drives demand from the food and beverage sector. These trends are likely to cause revenue to grow at a CAGR of 4.7% to $1.1 billion, including a 1.1% dip in 2023 alone.
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.
Carbon dioxide producers manufacture and refine carbon dioxide, selling it to downstream industries in either gas, liquid or solid forms. Carbon dioxide has multiple uses across various industries, somewhat protecting producers from volatility. The pandemic directly impacted demand for carbon dioxide products. The healthcare sector boomed as a major market for carbon dioxide, as healthcare facilities rely heavily on dry ice to transport medicine and bio specimens at lower temperatures. Dry ice sales boomed due to the vaccine's rollout, enabling downstream manufacturers to distribute them with fewer risks. Similarly, the food and beverage sector uses carbon dioxide to freeze-dry foods, as an additive and to carbonate drinks. Although consumption of carbonated soft drinks, such as soda, has slowed down, the growing demand for beer and wine has been able to offset losses from the food and beverage sector. However, rising demand for frozen foods drives demand from the food and beverage sector. These trends are likely to cause revenue to grow at a CAGR of 4.7% to $1.1 billion, including a 1.1% dip in 2023 alone.
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.
Table of Contents
40 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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