The North America carbon dioxide market is anticipated to record a CAGR of 2.99% in terms of revenue during the forecast period of 2020-2028. In terms of volume, the market region is set to record a CAGR of 2.73%. Suitability of carbon dioxide for enhanced oil recovery is one of the significant factors boosting the market growth. In order to understand the North America carbon dioxide market growth further, the region is surveyed through the countries of the United States and Canada.

NORTH AMERICA CARBON DIOXIDE MARKET FORECAST 2020-2028

North America Carbon Dioxide Market by Source (Ethyl Alcohol, Ethylene Oxide, Hydrogen, Substitute Natural Gas, Other Sources) by Application (Oil & Gas, Food & Beverages, Medical, Rubber, Firefighting, Other Applications) and by Geography.

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The North America carbon dioxide market is anticipated to record a CAGR of 2.99% in terms of revenue during the forecast period of 2020-2028. In terms of volume, the market region is set to record a CAGR of 2.73%. Suitability of carbon dioxide for enhanced oil recovery is one of the significant factors boosting the market growth.
North America Carbon Dioxide Market

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In order to understand the North America carbon dioxide market growth further, the region is surveyed through the countries of the United States and Canada. The U.S. natural gas production increased by 12% and petroleum by 16% in 2018, and the combined totals established a new production record. In 2011, the United States excelled Russia to become the world’s largest producer of natural gas, and in 2018, exceeded Saudi Arabia to become the world’s largest producer of petroleum. The U.S. crude oil production increased by 17% in 2018, setting a new record of nearly 11.0 million barrels per day. The EOL technique of injecting carbon dioxide has been successfully used, and most of the crude oil production is contributed by the Permian region of western Texas and eastern New Mexico. When carbon dioxide is injected into an oil reservoir, it dissolves in the oil. This helps to improve the efficiency of the displacement process, that is, displace oil from the rocks and push towards a producing well just as a cleaning solvent removes oil from the tools. The growth in the production of oil and gas is expected to boost the demand for carbon dioxide.

Matheson Tri-Gas is a producer and supplier of industrial and specialty gases, and gas handling equipment. In February 2019, Matheson acquired Linde HyCO business in the United States.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES `
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: INDUSTRIAL GASES MARKET
      • MARKET DEFINITION
      •    KEY DRIVERS
        • RISING DEMAND FOR CARBONATED DRINKS
        • CARBON DIOXIDE FLOODING FOR ENHANCED OIL RECOVERY
        • RISE IN THE USE OF CARBON DIOXIDE IN MEDICAL INDUSTRY
      •    KEY RESTRAINTS
        • COSTLY CARBON CAPTURE AND STORAGE TECHNOLOGY
        • ENVIRONMENTAL IMPACT
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • PESTEL ANALYSIS
    2. MARKET BY SOURCE
      • ETHYL ALCOHOL
      • ETHYLENE OXIDE
      • HYDROGEN
      • SUBSTITUTE NATURAL GAS
      • OTHER SOURCES
    3. MARKET BY APPLICATION
      • OIL & GAS
      • FOOD & BEVERAGES
      • MEDICAL
      • RUBBER
      • FIREFIGHTING
      • OTHER APPLICATIONS
    4. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. COMPANY PROFILES
      • UNIVERSAL INDUSTRIAL GASES INC
      • LINDE AG
      • AIR PRODUCTS AND CHEMICALS INC
      • INOX AIR PRODUCTS LTD
      • AIRGAS INC
      • CONTINENTAL CARBONIC PRODUCTS INC
      • MATHESON TRI-GAS INC
      • THE BOC GROUP
      • AIR LIQUIDE SA
      • COSMO ENGINEERING CO LTD

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – CARBON DIOXIDE

    TABLE 2: NORTH AMERICA CARBON DIOXIDE MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 3: NORTH AMERICA CARBON DIOXIDE MARKET, BY SOURCE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 4: NORTH AMERICA CARBON DIOXIDE MARKET, BY SOURCE, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

    TABLE 5: NORTH AMERICA CARBON DIOXIDE MARKET, BY SOURCE, FORECAST YEARS, 2020-2028 (IN KILOTONS)

    TABLE 6: NORTH AMERICA CARBON DIOXIDE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 7: NORTH AMERICA CARBON DIOXIDE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE8: NORTH AMERICA CARBON DIOXIDE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

    TABLE 9: NORTH AMERICA CARBON DIOXIDE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN KILOTONS)

    TABLE 10: NORTH AMERICA CARBON DIOXIDE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 11: NORTH AMERICA CARBON DIOXIDE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 12: NORTH AMERICA CARBON DIOXIDE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

    TABLE 13: NORTH AMERICA CARBON DIOXIDE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN KILOTONS)

    LIST OF FIGURES

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5 VALUE CHANIN ANALYSIS

    FIGURE 6 PESTEL ANALYSIS

    FIGURE 7: NORTH AMERICA CARBON DIOXIDE MARKET, GROWTH POTENTIAL, BY SOURCE, IN 20

    FIGURE 8: NORTH AMERICA CARBON DIOXIDE MARKET, BY ETHYL ALCOHOL, 2020-2028 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA CARBON DIOXIDE MARKET, BY ETHYLENE OXIDE, 2020-2028 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA CARBON DIOXIDE MARKET, BY HYDROGEN, 2020-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA CARBON DIOXIDE MARKET, BY SUBSTITUTE NATURAL GAS, 2020-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA CARBON DIOXIDE MARKET, BY OTHER SOURCES, 2020-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA CARBON DIOXIDE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

    FIGURE 14: NORTH AMERICA CARBON DIOXIDE MARKET, BY OIL & GAS, 2020-2028 (IN $ MILLIO

    FIGURE 15: NORTH AMERICA CARBON DIOXIDE MARKET, BY FOOD & BEVERAGES, 2020-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA CARBON DIOXIDE MARKET, BY MEDICAL APPLICATION, 2020-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA CARBON DIOXIDE MARKET, BY RUBBER, 2020-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA CARBON DIOXIDE MARKET, BY FIREFIGHTING, 2020-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA CARBON DIOXIDE MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA CARBON DIOXIDE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 21: UNITED STATES CARBON DIOXIDE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 22: CANADA CARBON DIOXIDE MARKET, 2020-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. MARKET BY SOURCE
      • ETHYL ALCOHOL
      • ETHYLENE OXIDE
      • HYDROGEN
      • SUBSTITUTE NATURAL GAS
      • OTHER SOURCES
    2. MARKET BY APPLICATION
      • OIL & GAS
      • FOOD & BEVERAGES
      • MEDICAL
      • RUBBER
      • FIREFIGHTING
      • OTHER APPLICATIONS

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