Carbon Dioxide Market Report: Trends, Insights, and Forecast for 2030

The global Carbon Dioxide Market was estimated to be worth USD 10.58 billion in 2023 and is expected to reach USD 61.26 billion by 2030, with a CAGR of 30.1% from 2024 to 2030. Carbon dioxide, which is chemically denoted by CO2, is a colorless gas that consists of one carbon atom covalently double bonded with two oxygen atoms. It is found in different forms such as solid, liquid and gaseous forms.

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CO2 is kind of a heat-trapping greenhouse gas that absorbs and emits radiant energy causing the greenhouse effect. This gas is produced by burning of fossil fuels, volcanic eruptions, deforestation, as well as natural activities such as respiration, and decomposition of organisms. It is used as acidifiers for waste water treatment, as an inert gas for metal working, and solvent for oil recovery.