Carbon Dioxide Utilization Market

The global carbon dioxide utilization market is all set to rise high at a CAGR of 14.3% during 2023 - 2030, reaching an estimated valuation of US$9.9 Bn in the end of forecast year.

Increasing utilization of carbon dioxide for enhanced oil recovery in both onshore and offshore oil & gas activities is likely to create a massive opportunity for the players in the carbon dioxide utilization market.

The chemical conversion and direct air capture technology will dominate the carbon dioxide utilization market over the forecast period. On the other hand, the chemicals and fuel industries will continue to be at the forefront of demand generation.

The carbon dioxide utilization market will continue to see dominance of North America on the back of the rising boom around clean technology. The market in Asia Pacific is however expected to display a significant CAGR over the forecast period.

Apart from Carbon Recycling International, Royal Dutch Shell Plc, LanzaTech Inc., TotalEnergies SE, Hitachi, Ltd., the report has highlighted ExxonMobil Corporation, Linde plc, Schlumberger Limited, Aker Solutions, Honeywell International Inc., and General Electric as the most prominent participants in the global carbon dioxide utilization market.