DUBLIN–(BUSINESS WIRE)–The “U.S. Carbon Dioxide Market Size, Share & Trends Analysis Report by Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, SNG), by Application (Food & Beverages, Fire Fighting, Oil & Gas, Medical, Rubber), and Segment Forecast, 2022-2030” report has been added to ResearchAndMarkets.com’s providing.
The U.S. carbon dioxide market measurement is predicted to succeed in USD 6.59 billion by 2030, registering a CAGR of 8.4%.
Increasing utilization of carbon dioxide for Enhanced Oil Recovery (EOR) in oil & fuel crops is anticipated to end result within the progress of the market. In phrases of income, the hydrogen section accounted for a major share in 2021.
The progress of this section may be attributed to the presence of main hydrogen-producing corporations within the nation which have CO2 manufactured as a byproduct throughout hydrogen manufacturing.
Substitute Natural Gas (SNG) is predicted to be one of many main sources of the manufacturing of CO2 within the U.S. This is because of an increase within the discovery of pure fuel reserves within the U.S. with the deployment of shale know-how.
The oil & fuel utility section accounted for a major share in 2021 owing to the applying of carbon dioxide-primarily based EOR in oil fields of the U.S. for environment friendly and efficient oil manufacturing. Moreover, the utilization of CO2 within the meals & drinks and medical industries is anticipated to extend within the U.S. over the forecast interval.
The progress of this section may be attributed to the presence of a giant base of meals and beverage manufacturing amenities within the nation, which is projected to broaden additional over the forecast interval. The unfold of COVID-19 hindered the expansion of the market in 2020 and 2021 owing to the components, such because the discount in demand for CO2 within the nation owing to lockdowns.
However, a rise in demand for CO2 from the producers of prescribed drugs and important commodities, reminiscent of hearth security merchandise, has been witnessed within the U.S., in addition to internationally.
U.S. Carbon Dioxide Market Report Highlights
- In phrases of income, the meals & drinks utility section dominated the worldwide market in 2021
- The hydrogen supply section accounted for the second-largest share of the worldwide market income in 2021
- The progress of this section may be attributed to the presence of main hydrogen-producing corporations within the nation which have CO2 manufactured as a byproduct
- In phrases of income, the SNG section accounted for the utmost income share in 2021. SNG is derived from the gasification of coal and emits byproducts, reminiscent of CO2, hydrogen, carbon monoxide, and methane
- The rubber trade makes use of CO2 to scrub the rubber molds and to take away flash from rubber objects by tumbling them with crushed dry ice in a rotating drum
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 U.S. Carbon Dioxide Market Variables, Trends, and Scope
Chapter 4 U.S. Carbon Dioxide Market: By Sources Estimates & Trend Analysis
Chapter 5 U.S. Carbon Dioxide Market: By Application Estimates & Trend Analysis
Chapter 6 Competitive & Vendor Landscape
Chapter 7 Company Profiles
- Linde plc
- Air Products Inc.
- Air Liquide
- Matheson Tri-Gas, Inc.
- Messer
- Continental Carbonic Products, Inc.
- Greco Gas Inc.
- Taiyo Nippon Sanso Corporation
- Universal Industrial Gases, Inc.
- Zephyr Solutions, LLC
For extra details about this report go to https://www.researchandmarkets.com/r/v9ik37
United States Carbon Dioxide Market Analysis 2022-2030 by Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, SNG), & Application (Food & Beverages, Fire Fighting, Oil & Gas, Medical, Rubber) – ResearchAndMarkets.com & More Latest News Update
United States Carbon Dioxide Market Analysis 2022-2030 by Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, SNG), & Application (Food & Beverages, Fire Fighting, Oil & Gas, Medical, Rubber) – ResearchAndMarkets.com & More Live News
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United States Carbon Dioxide Market Analysis 2022-2030 by Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, SNG), & Application (Food & Beverages, Fire Fighting, Oil & Gas, Medical, Rubber) – ResearchAndMarkets.com & More News Today
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