U.S. Carbon Dioxide (CO2) Market Forecast to Expand to USD 3.58 Billion by 2034, Supported by Industrial and Medical Demand at 4.08% CAGR

Polaris Market Research has announced a report, namely U.S. Carbon Dioxide Market Size, Share, Trends, Industry Analysis Report By Source (Hydrogen, Ethyl Alcohol, Ethylene Oxide, Substitute Natural Gas, Others), By Application– Market Forecast, 2025–2034, that presents a granular analysis of current and future growth status with a detailed analysis of key growth drivers accelerating the market sales globally. The report provides a detailed analysis of the market status, U.S. Carbon Dioxide market size, share, future trends, growth rate, sales channels, and export & import. The report categorizes the market by top players/brands, region, type, and end user. It provides a detailed analysis enclosing business growth opportunities, challenges, and emerging trends.

Market Statistics

• 2024 Market Size: USD 2.36 Billion
• 2034 Projected Market Size: USD 3.58 Billion
• CAGR (2025–2034): 4.08%

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Key Market Dynamics

The report deep dives into industry revenue, U.S. Carbon Dioxide demand status, competitive landscape, and CAGR status across all regions. The report is served as a crucial resource for companies planning to chart their future course and establish effective strategies. The report aids companies to gain a thorough analysis of the market, identify customer needs and preferences, and better understand the overall industry.

Market Drivers:

The research offers a comprehensive analysis of trends, drivers, restraints, competitive landscape, and factors that are majorly driving the industry expansion. It elaborates on market dynamics and future trends in this industry. Also, crucial factors that will have a huge influence on the market, i.e., industry news and policies, global rise, and regional conflict, are taken into consideration. The study helps in predicting revenue-boosting prospects in the market. In addition, growth, volume trends, and opportunities in the U.S. Carbon Dioxide market are predicted. 

Market Restraints:

The report highlights regulatory issues and entry barriers that have a significant effect U.S. Carbon Dioxide market growth. It mentions constraints that can become great obstructions to the industry's progress. The report analyzes crucial strategies for seizing opportunities and mitigating risks during the forecast period. This study emphasizes prospective commercial opportunities and assists readers in making knowledgeable business decisions.

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Key Benefits for Stakeholders:

• The report estimates the size of the total market opportunity of global and key countries
• Market growth potential is assessed
• The report forecasts future growth in each product and end-user market
• It analyzes competitive factors affecting the marketplace
• This report profiles key players in the market
• Segmentation analysis helps identify current opportunities in the market
• The report provides an in-depth analysis of current trends and dynamics
• The report plots revenue contribution in each geographical region

List of Major Key Players

• Air Liquide USA LLC
• Air Products and Chemicals, Inc.
• Continental Carbonic Products, Inc.
• Greco Gas Inc.
• Linde plc
• Matheson
• Messer Group GmbH
• TAIYO NIPPON SANSO CORPORATION
• Universal Industrial Gases, Inc.
• Zephyr Solutions, LLC

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Competitive Landscape:

For the competitive landscape, the report introduces U.S. Carbon Dioxide market key players along with their share, company overview, production, value, product portfolio, gross margin, key developments, and geographical presence. The key companies in this market are engaged in intense competition for a share in terms of innovation, technology, product development, and pricing. Additionally, new U.S. Carbon Dioxide market trends, regional conflicts, and mergers and acquisitions will all be taken into account.

Geographic Segment Covered in the Report

The report delivers country-level and regional-level data incorporating the supply and demand strengths that are enhancing the market growth. The section gives information about the market regions, subdivided into sub-regions and countries/regions. In addition, U.S. Carbon Dioxide market share in each country and sub-region, along with information on profit opportunities, is estimated and shared in this report.

Some of The Key Questions Answered in This Report

Q1. What will be the growth rate and growth momentum the market carries during the forecast period?

Ans. The U.S. Carbon Dioxide (CO₂) market is projected to grow at a CAGR of 4.08% from 2025 to 2034, indicating steady and sustained growth momentum.

Q2. Which are the key factors driving the market?

Ans. Key driving factors include:

• Rising consumption of carbonated beverages, which require CO₂ for carbonation and packaging.
• Increasing automobile production, driving demand for CO₂ in welding, metal fabrication, and other industrial processes.
• Expansion of healthcare infrastructure, leading to more medical applications such as insufflation and respiratory therapies.
• Use of CO₂ in enhanced oil recovery (EOR), boosting demand from the oil & gas sector.

Q3. What was the size of the emerging market by value?

Ans. The U.S. CO₂ market was valued at USD 2.36 billion in 2024.

Q4. Which region is expected to hold the highest share of the market?

Ans. The United States is the dominant region in the North American CO₂ market and holds the highest share.

Q5. What market dynamics will impact the development and sizing of the U.S. Carbon Dioxide market?

Ans. Key dynamics include:

• Urbanization driving demand for packaged foods, beverages, and cold-chain logistics, all of which rely on CO₂.
• Regulatory and sustainability trends, including the adoption of carbon capture, utilization, and storage (CCUS).
• Energy consumption and production costs of CO₂, which can influence pricing and supply.
• Shifts in CO₂ sources, such as ethyl-alcohol-based CO₂ or substitute natural gas.
• Technological innovation in CO₂ recovery, purification, and logistics infrastructure.

Q6. What are the anticipated growth rates for the market in the upcoming years?

Ans. The market is expected to grow at a 4.08% CAGR from 2025 to 2034, expanding from USD 2.36 billion in 2024 to approximately USD 3.58 billion by 2034.

Q7. How do changing consumer behavior and preferences influence the dynamics of the market?

Ans. Changing behaviors influencing the market include:

• Increased demand for carbonated beverages, boosting CO₂ consumption.
• Growing preference for packaged and processed foods, increasing use of CO₂ in food preservation.
• Rising consumer interest in sustainability, encouraging use of CO₂ sourced from captured emissions.
• Higher demand for medical applications in minimally invasive surgery and respiratory therapy.

Q8. What is the current share of the top players and how is it expected to evolve in the future?

Ans. Major players include Air Liquide USA, Air Products & Chemicals, Linde, Messer Group, Matheson, Greco Gas, and Continental Carbonic. These companies are expected to maintain or grow their market share through expanded production and distribution, investment in CCUS infrastructure, and providing sustainability-aligned CO₂ products.

Q9. What are the emerging technologies and innovations shaping the landscape of the industry?

Ans. Emerging technologies and innovations include:

• Carbon capture, utilization, and storage (CCUS) to recycle industrial CO₂ for commercial use.
• AI-driven emissions tracking and forecasting to improve supply-demand management.
• Advances in CO₂ purification and delivery systems for high-purity applications in food, medical, and industrial sectors.
• Alternative CO₂ production sources, such as from substitute natural gas, for improved sustainability.
• Energy-efficient capture and storage methods to reduce the carbon footprint of CO₂ production.

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