Liquid Carbon Dioxide Prices Overview

Market Overview

Quarterly Update on Global Liquid Carbon Dioxide Market
For the Quarter Ending December 2020
Soaring demand for dry ice to store the upcoming coronavirus vaccines kept consumption of Liquid Carbon Dioxide higher in the quarter ending December. Shortage of container due to logistic disruptions caused by the coronavirus outbreak added to the supply crises across the globe. China reported a steep increment in orders from the US and Europe for dry ice and its related equipment for February and March 2021. As per the industry experts, with the launch of new vaccines, the demand for Liquid Carbon Dioxide is expected to reach record highs in the year 2021. Showcasing the positive inclination of demand, price of food grade Liquid Carbon Dioxide was averaged around USD 125 per MT in India for the quarter ending December 2020.
North America
US Liquid Carbon Dioxide market remained concerned over supplies of the material from Asia and Europe amidst expected increment in demand for dry ice for the storage of Covid-19 vaccines. However, several companies seemed optimistic that altogether there is enough dry ice supply available to cater to the perceived demand. Reliant and Airgas, two of the renowned Carbon Dioxide manufacturers in the US seemed well prepared to cope with the upcoming surge in demand as the cases continue to escalate. Since most of the demand for Carbon dioxide is captured through Ammonia and Ethanol production plants, weak demand for fuel Ethanol accompanied by crimpled prices of Ammonia have forced turnaround in some of the US’ CO2 production unit since November.

As nearly 90 percent of the demand for Liquid Carbon Dioxide in UK is primarily catered via imports from Europe, stocks of the product are likely to diminish rapidly as Pfizer is heard of bulk sourcing the product to produce dry ice at its German plant. Although the region is preparing for the mass production of Liquid Carbon Dioxide, bulk consumption of the product at Pfizer’s Belgium or Germany plant is likely to leave UK markets short of the imports.  

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Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.


ChemAnalyst gathers information through primary research surveys conducted with various Liquid Carbon Dioxide manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Liquid Carbon Dioxide market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Liquid Carbon Dioxide market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Liquid Carbon Dioxide are analyzed and region-wise demand pattern is tracked.


Liquid Carbon Dioxide is a colorless liquid produced by the cooling and compressing the gaseous carbon dioxide. Liquid Carbon Dioxide is further subjected to manufacture dry ice which is mainly used as a refrigerant or preservative for many industrial purposes. The liquid form of Carbon Dioxide can exist only under 31.1 deg. Celsius temperature and 5.1 atm pressure. It is primarily used in the preservation of food and beverages, as an anti-flammable liquid in fire extinguishers and in industrial process. Furthermore, Liquid Carbon Dioxide is also used in the entertainment industry for special effects. It is also used in oil recovery as the compound lessens the viscous nature of oil making it easy to flow. It can be transported in non-insulated storage tanks or cylinders at 45-65 bar pressure. The compound is shipped in abundant quantities and since its transportation is delicate, many of the dry ice manufacturers prefer to locate their factories near to its production refineries.