Dublin, Ireland, June 24, 2022 (GLOBE NEWSWIRE) -- The Europe carbon dioxide market is estimated at US$ 383.6 million in 2022 and is forecasted to rise at 7.2% CAGR during the 2022-2032 forecast years, according to detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. The European market is witnessing rising demand for carbon dioxide for use in several applications in the healthcare and medical sector.
Carbon capture and storage technology is being used to capture CO2 emissions produced by burning fossil fuels for cement manufacturing, power plants, and electricity generation, thus preventing gas from entering the atmosphere. This is suitable for applications in enhanced oil recovery in the oil & gas industry. This technology minimizes the environmental impact caused by emissions, though it is an expensive technology as of now.
However, research projects are being undertaken to develop and explore new technologies and innovations to directly capture carbon emissions from the air.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7487
Key Takeaways from Market Study
- The European carbon dioxide market is expected to surpass US$ 772.4 million by 2032, rising at the rate of 7.2%.
- The registered a historic CAGR of 5.1% during 2017-2021.
- The combustion production method holds 51.2% share in the European market.
- Centralized delivery mode is predicted to rise at 11.5% CAGR over the assessment period of 2022-2032.
- The food & beverage industry is the end-use leader in this market and holds 49.5% market share.
- Germany leads the European market with 26.1% share and is projected to rise at 8.6% CAGR during the forecast years.
- Together, Russia and Germany are likely to represent 45.7% of the European market share in 2022.
Development of Market
Key carbon dioxide manufacturers in Europe are increasing their investments in R&D to introduce novel technologies to capture carbon dioxide.
Not only this, they are also resorting to organic and inorganic growth strategies along with acquisitions and collaborative activities to expand their operations, achieve efficiency, and maintain their market stance.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=7487
Competitive Landscape
Prominent manufacturers of carbon dioxide in Europe are investing in the research and development of better technologies to augment product output.
For instance :
- Air Liquide entered into a joint venture with Gippsland Basin in 2021. The joint venture is between Esso Australia Resources Pty Ltd. and BHP Petroleum Pty Ltd. to construct a new facility delivering CO2 to industries in Australia.
- Messer Group GmbH acquired Linde AGâs gas business in North America in 2019, along with the business activities of Praxair in South America.
Fact.MR has provided detailed information about the price points of key manufacturers of carbon dioxide market positioned across Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Segments in Europe Carbon Dioxide Industry Research
- Europe Carbon Dioxide Market by Production Method :
- Europe Carbon Dioxide Market by Delivery Mode :
- Centralized
- Pipelines
- Trucks/Bulk
- Cylinders
- Onsite
- Centralized
- Europe Carbon Dioxide Market by End-use Industry :
- Metal Manufacturing & Fabrication
- Food & Beverages
- Pulp & Paper
- Oil & Gas
- Healthcare
- Chemicals
- Other Industrial Uses
- Europe Carbon Dioxide Market by Country :
- Germany
- Italy
- France
- Spain
- U.K.
- Russia
- BENELUX
- Rest of Europe
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7487
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Europe carbon dioxide market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by production method (combustion, biological), delivery mode (centralized (pipelines, trucks/bulk, cylinders), onsite), and end-use industry (metal manufacturing & fabrication, food & beverages, pulp & paper, oil & gas, healthcare, chemicals, other industrial uses), across major countries of Europe (Germany, Italy, France, Spain, U.K., Russia, BENELUX, and Rest of Europe)
Fact.MRâs Domain Knowledge in the Chemicals & Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 Million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Explore More Chemical ad Materials Industry Reports:
Road Marking Paints and Materials Market Outlook (2022-2032) - The Global Road Marking Paints and Materials Market is predicted to grow at a CAGR of 6.5% through 2032, reaching a valuation of US$ 12.2 Billion, according to Fact.MR, market research and competitive intelligence provider.
Industrial Enzymes Market Outlook (2022-2032) - Global sales of industrial enzymes are predicted to increase at a noteworthy CAGR of 3.9% from 2022 to 2032. At the end of 2021, the global industrial enzymes market size was valued at US$ 6 billion and is anticipated to top US$ 9 billion by the end of 2032.
Specialty Oilfield Chemicals Market Outlook (2022-2032) - The global specialty oilfield chemicals market in 2022 stands at US$ 11.92 billion in valuation and is expected to climb to US$ 18.46 billion by the end of 2032. Sales of specialty oilfield chemicals across the world are anticipated to increase at a CAGR of 4.5% from 2022 to 2032.
U.S. Electrical Steel Market Outlook (2022-2032) - The electrical steel market in the United States is estimated to cross US$ 7.3 billion in revenue by the end of 2032, up from a valuation of US$ 3.7 billion in 2022. The market witnessed 5% historic growth rate from 2017 to 2021
Cenospheres Market Outlook (2022-2032) - The global cenospheres market is predicted to rise at a stellar CAGR of 14.2% during the 2022-2032 forecast period. The market is estimated to be worth around US$ 2.07 billion by 2032, up from a valuation of US$ 501.4 million in 2021.
Europe Alkyl Polyglucoside Market Outlook (2022-2032) - During the projected period, the Europe alkyl polyglucoside market is predicted to grow at a CAGR of 5% across the 2022-2032 period of assessment. By the end of the said forecast duration, a market valuation worth US$ 700 Million is projected.
Hyaluronic Acid Market Outlook (2022-2032) - Sales of hyaluronic acid are predicted to increase at a CAGR of 7.9% from 2022 to 2032, At present, the global hyaluronic acid market stands at a valuation of US$ 11.31 billion and is estimated to rake in revenue worth US$ 24.11 billion by the end of 2032.
Coupling Agents Market Outlook - The global sales of Coupling Agents in 2021 was held at US$ 519.4 Million and is projected to reach US$ 812.1 Million by the end of 2032. With 4.2%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth.
Europe High Temperature Coatings Market Outlook (2022-2032) - Consumption of high temperature coatings across Europe is estimated to reach a value of US$ 2.15 billion by the end of 2032, up from US$ 1.46 billion at present, expanding at a CAGR of 3.9% during the forecast years of 2022-2032.
Glutathione Agarose Resin Market Outlook (2022-2032) - The global Glutathione Agarose Resin market is estimated at US$ 332.6 Mn in 2022 and is projected to reach a valuation of US$ 1.3 Bn by 2032, expanding at a CAGR of 7% through the forecast period of 2022-2032.
About Us:
Market research and consulting agency with a difference! Thatâs why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range â from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and weâll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Gloss