Global Liquid Carbon Dioxide- Market Overview:
Liquid carbon dioxide is used in the food and beverage industries for carbonated soft drinks and alcoholic beverages. It is also used as a preservative in food packaging. Liquid CO2 is often used in breweries to supplement the CO2 produced during fermentation. CO2 extends the shelf life of baby food, meat, and fresh and baked goods. Increasing demand for food and beverages industries is expected to drive the liquid carbon dioxide market.
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Government Funding and R&D Investment to Improve Production
Market Growth Drivers:
A surge in Demand for Liquid CO2 from the Food and Beverage Sector and Increasing Popularity of Liquid CO2 as Refrigerant Due To Its High Efficiency
Rising Concern with Pumping Liquid Carbon Dioxide
Rising Adverse Impacts of Liquid CO2 on Humans and the Environment and Transportation Concerns Regarding Liquid CO2
Developing Technologies for Carbon Capture Storage (CCS) and Utilization
The liquid carbon dioxide market is a fragmented market due to the presence of a large number of established competitors. Key players focus on innovating and developing new strategies to maintain their market position and customer base. The company is also planning strategic activities such as partnerships, collaborations, mergers, and acquisitions that help it maintain its position in the market and maintain its competitive edge.
Some of the key players profiled in the report are Global Thermostat (United States), Climeworks (Germany), SAIPEM (Italy), LanzaTech (United States), Carbon Clean (England), Aker Carbon Capture (Europe), Carbon Engineering (Canada), Quest Carbon Capture & Storage (SHELL) (Canada), CarbonFree (United States) and CarbFix (Europe). Considering Market by Sales Channel, the sub-segment i.e. Direct Sale will boost the Liquid Carbon Dioxide- market. Considering Market by End-user, the sub-segment i.e. Chemicals & Petrochemicals will boost the Liquid Carbon Dioxide- market.
Latest Market Insights:
In September 2020, Snam and Saipem signed an MoU to collaborate on energy transition, hydrogen development, and CO2 capture technologies. It aimed to support the European Commission's hydrogen strategy to combat climate change and contribute to the launch of the hydrogen market.
In April 2023, Global Thermostat, a pioneer in carbon removal technology, unveiled the largest direct air capture machine ever operated. The unit captured carbon dioxide from the atmosphere with a capacity of more than 1,000 tonnes per year, a threshold that will make it tax-deductible under the U.S. Inflation Reduction Act beginning in late 2022, and is the first of many planned.
What Can be Explored with the Liquid Carbon Dioxide- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Liquid Carbon Dioxide- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Liquid Carbon Dioxide-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Liquid Carbon Dioxide- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Liquid Carbon Dioxide- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Liquid Carbon Dioxide manufacturers, Organizations, forums, and alliance distribution and Government bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.