H1 2023: The key producers of Liquid Carbon Dioxide (CO2) in Europe in H1 2023 were Air Liquide, CF Fertilisers UK Ltd, and Linde plc. However, Air Liquide held the largest production capacity of Liquid Carbon Dioxide in H1 2023. In H1 2023, the European Liquid Carbon Dioxide market remained bullish. Due to a shortage of supply, prices for liquid carbon dioxide increased in throughout Europe. Industrial activities in Europe were in full swing, which influenced the demand forecast and improved purchasing behaviour. The regional market saw an increase in demand for fizzy beverages and packaged foods as the weather warmed up. Productional units ran at a sluggish pace, and prices fluctuated according to the demand outlook. The end-use facilities had an insufficient supply of the material. The demand for pressed foods and carbonated beverages increased as the temperature rose in the European market. Productional units worked at a regular pace, and the interest rate fluctuated along with the costs of liquid carbon dioxide. The end-use manufacturing units had an appropriate amount of product towards the end of H1 2023. The purchase activity of the liquid carbon dioxide was healthy and there was limited supply of the item in the region.
Europely, Asia Pacific region consumed the highest percentage of liquid CO2 in H1 2023. However, the price of liquid carbon dioxide fluctuated in the Asia Pacific region during H1 2023. The market disruption brought on by the Lunar holiday vacation and the looming economic uncertainty also contributed to the decline in prices in the Chinese market. As the big producers worked to resume normal operations and clear backlogs, domestic output of the product remained sluggish in China. However, April onwards, an upward trend in liquid carbon dioxide pricing was seen in the Asia Pacific region. Besides, with the rising temperatures there came a rise in demand for fizzy carbonated beverages and the Asian market for liquid carbon dioxide experienced significant expansion. On the other side, the US market experienced a fairly bullish liquid carbon dioxide market in H1 2023. US saw an increase in the price of liquid carbon dioxide due to a rise in consumption from the end-user sectors like food and beverage. Due to the shortage of carbonated beverage production facilities, US vendors had to face supply issues. Since there was a shortage of the liquid carbon dioxide, manufacturers sold at high prices throughout the months of H1 2023.
The Europe Liquid Carbon Dioxide (CO2) market stood at approximately 3550 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.58% during the forecast period until 2035. The growing demand for food and beverages is anticipated to fuel the Liquid Carbon Dioxide market.
The liquefied carbon dioxide market has grown as a result of the end use industries' rising demand for the product. Liquid carbon dioxide is suited for use in a variety of industries, including food and beverage, chemicals, electronics, agriculture, healthcare, wastewater treatment, and others due to its low viscosity, high density, and low cost. In the end-use sectors, liquefied carbon dioxide is used as a cooling agent in foods and beverages and to provide visual effects in the entertainment sector. The refrigeration, preservation, storage, and softening of food products are all major uses for this liquid carbon dioxide in the food sector. Additionally, compressed carbon dioxide is used in its production to soften and preserve soft drinks. Additionally, the use of liquefied carbon dioxide in oil recovery helps to make oil less viscous and facilitates easy flow of oil into wells.
The food and beverage industries is likely to be the main end-use market for liquid CO2 as carbonated beverage consumption climbs in Europe. The food and beverage industry is expected to rule the market in the upcoming years due to the growing population. Another element influencing the market is its application in the healthcare sector. Additionally, while some fuels created from CO2 are used in the transportation sector, others, like methane, are used in a variety of industrial, heating, and power-generating applications, also likely to drive the rising demand during the forecast period. The Europe Liquid Carbon Dioxide market is anticipated to reach approximately 6300 thousand tonnes by 2035.
Based on regional demand, the Liquid Carbon Dioxide market in Europe is fragmented into Germany, Belgium, UK, Netherlands, Hungary, Norway, Sweden, and Rest of Europe. Although, United Kingdom has the highest demand for Liquid Carbon Dioxide. Demand for liquid carbon dioxide is predicted to increase in these nations due to the increased demand for food and drinks as well as water treatment. The second-largest user of liquid carbon dioxide in the world is located in Europe. Leading European countries in CO2 liquefaction and purification for application in food processing and beverage carbonation include Norway, Germany, and the United Kingdom.
Based on the end-user industry, the Liquid Carbon Dioxide market is segmented into sectors such as Chemicals & Petrochemicals, Food & Beverages, Healthcare, Fire Extinguisher, and Others. Among these, the food and beverages sector is in the leading position, with a volume share of roughly 40% in 2022. Healthcare sector also hold significant market shares in the Liquid Carbon Dioxide market.
Significant players in the Europe Liquid Carbon Dioxide market are Messer Group, Air Products, Linde plc, Yara Praxair Holding AS joint venture, CropEnergies - Tyczka Energie JV, Crop Energies AG – Yara, CF Fertilisers UK Ltd, Aker Solutions, Nippon Gases Norge AS, and Air Liquide.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
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The objective of the Study:
•To assess the demand-supply scenario of Liquid Carbon Dioxide, which covers the production, demand, and supply of Liquid Carbon Dioxide around the globe.
•To analyze and forecast the market size of Liquid Carbon Dioxide.
•To classify and forecast the Europe Liquid Carbon Dioxide market based on end-use and regional distribution.
•To examine Europe competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Liquid Carbon Dioxide market.
To extract data for the Europe Liquid Carbon Dioxide market, primary research surveys were conducted with Liquid Carbon Dioxide manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Europe Liquid Carbon Dioxide market over the coming years.
ChemAnalyst calculated Liquid Carbon Dioxide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Liquid Carbon Dioxide across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Liquid Carbon Dioxide manufacturers and other stakeholders
• Organizations, forums and alliances related to Liquid Carbon Dioxide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Liquid Carbon Dioxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe Liquid Carbon Dioxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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3550 thousand tonnes
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Market size Volume by 2035
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6300 thousand tonnes
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Growth Rate
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CAGR of 4.58% from 2022 to 2035
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Base year for estimation
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2022
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Historic Data
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2015 – 2022
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Forecast period
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2023 – 2035
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Quantitative units
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Demand in thousand tonnes and CAGR from 2022 to 2035
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Manufacturing Process.
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Segments covered
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By End-Use: (Chemicals & Petrochemicals, Food & Beverages, Healthcare, Fire Extinguisher, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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Germany, Belgium, UK, Netherlands, Hungary, Norway, Sweden, and Rest of Europe
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com