According to the business intelligence report titled ‘GLOBAL Carbon Dioxide Market 2019-2028’, available with Market Study Report, global carbon dioxide market is projected to record 3.02% CAGR and 2.59% CAGR in terms of revenue and volume respectively during the forecast duration 2019-2028.
 

As per credible analysts, escalating demand for soft drinks coupled with rising utilization of carbon dioxide flooding for improved oil recovery are propelling global carbon dioxide market growth.
 

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Strategic collaborations such as mergers, partnerships, and joint ventures, ongoing technological advancements, and introduction of innovative products among key participants are further boosting the industry expansion.
 

Moreover, widespread applications of the colorless gas in the healthcare sector along with rising disposable incomes across the globe are stimulating global carbon dioxide market outlook.
 

On the contrary, growing environmental concerns, increasing efforts towards preventing pollution, and high costs associated with carbon capture and storage (CSS) are expected to hinder the business development throughout the analysis period.   
 

Elaborating on regional scope, the overall industry vertical is bifurcated into Latin America, Asia-Pacific, Middle East & Africa, Europe, and North America.
 

Among these, Asia-Pacific carbon dioxide market is predicted to grow significantly through 2028. Improving cognizance regarding healthy lifestyle has impelled the demand for naturally healthy drinks, which in turn is complementing the overall business trends in Asia-Pacific.
 

Speaking of competitive scenario, Airgas Inc., Inox Air Products Pvt. Ltd., Universal Industrial Gases Inc., Air Products and Chemicals Inc., Continental Carbonic Products Inc., Linde plc, Cosmo Engineering Co. Ltd., BOC Ltd., Matheson Tri-Gas Inc., and Air Liquide S.A are the leading players influencing global carbon dioxide industry trends.