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In the United States, demand for carbon dioxide (CO₂) is rising across multiple sectors, from food and beverage to enhanced oil recovery (EOR) and metals fabrication. By 2024, heightened focus on sustainability and tightened supply chains (including potential disruptions in ethanol-based CO₂) are driving innovation in production methods and distribution logistics. Over the next decade, advanced carbon capture, utilization, and storage (CCUS) technologies will further boost CO₂ supply from industrial and power-generation sources, aligning with national decarbonization goals.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Looking toward 2033, consistent growth is expected as industries increasingly rely on CO₂ for both conventional (e.g., beverage carbonation, firefighting, medical usage) and emerging applications (e.g., synthetic fuels, algae-based products). In tandem, expansions in carbon credit trading and the global CCUS market position the U.S. CO₂ sector for stable demand, especially as companies seek to monetize captured emissions or offset carbon footprints.
Segmentation by Application
- Urea
- CO₂ used in synthesizing urea for fertilizers and industrial chemicals.
- Ties closely to agriculture trends and ammonia production capacity.
- Oil and Gas (Enhanced Oil Recovery)
- A traditional, large-volume sink for CO₂, injecting it into wells to extract additional crude.
- New carbon policies and incentives (like 45Q credits) may spur additional EOR projects.
- Food and Beverages
- Sparkling drinks, meat processing, and modified atmosphere packaging rely heavily on liquid/gaseous CO₂.
- Market stability but occasional supply disruptions when ethanol production fluctuates.
- Metal Fabrication
- Used as a shielding gas in welding, supporting automotive, aerospace, and general manufacturing.
- Medical
- Key roles include insufflation during surgeries, cryotherapy, and calibrating medical devices.
- Subject to rigorous quality and safety standards.
- Others
- Includes firefighting, rubber processing, water treatment, and an expanding set of niche uses.
Segmentation by Form
- Gas: Bulk pipelines or cylinders delivered under pressure for industrial or commercial usage.
- Liquid: Stored in cryogenic tanks, critical for large-scale distribution, especially in beverage and food processing.
- Solid: Dry ice used in cold-chain logistics, shipping perishables, and specialty cleaning.
Segmentation by Source
- Conventional: Deriving CO₂ from natural wells, ethanol fermentation, ammonia plants, or other established industrial processes.
- Renewable: Emerging production via biomass gasification or carbon capture from renewable-based power generation.
Regional Overview (U.S.)
The U.S. is divided into four major regions:
- Northeast: Higher population density drives demand for food-grade CO₂; less EOR activity.
- Midwest: Ethanol plants, major driver of CO₂ supply; strong agriculture sector.
- South: Substantial EOR in oil fields (Texas), plus high industrial usage.
- West: Balanced needs for food/beverage, with some industrial usage in California, along with potential expansions in CCUS.
Key Players in the Market
- Air Liquide
- Linde plc
- Air Products and Chemicals, Inc.
- Messer Group
- Taiyo Nippon Sanso Corporation
- Universal Industrial Gases, Inc.
- POET, LLC
- Greco Gas Inc.
- CryoCarb
- Zephyr Solutions, LLC
- MATHESON TRI-GAS, INC.
- Reliant Holdings Ltd.
- Denbury Inc. (now part of ExxonMobil)
- TOMCO2 Systems
- Sutton-Garten Dry Ice
Trend in the Market
A growing trend is increased CO₂ recovery and utilization from carbon capture projects, where captured emissions from power plants or industrial complexes are purified for commercial sale or usage. This approach not only bolsters CO₂ supply but also aligns with corporate ESG goals and government climate incentives, thereby forging new revenue models for otherwise vented emissions.Driver in the Market
Expanding demand from food, beverage, and health sectors is a key driver. Trends like ready-to-drink carbonated beverages, medical usage, and demand for cold-chain logistics rely on consistent CO₂ supply (liquid or dry ice), buoying the overall market and encouraging producers to invest in new production and distribution assets.Restraint in the Market
Despite robust demand, fluctuating ethanol production and carbon capture economics can cause supply uncertainties. When ethanol plants slow or shut down, CO₂ availability tightens, driving up prices and forcing some end users to adopt alternative solutions or scale back operations temporarily.Opportunity in the Market
Growing carbon credit and CCUS frameworks open new pathways for capturing and monetizing CO₂ from large emitters. With supportive policies, producers can expand capacity, fueling CO₂ usage in EOR, chemical manufacturing, and novel processes (e.g., algae-based production, synthetic fuels), creating lucrative partnerships between power/industrial plants, pipeline operators, and CO₂ end users.This product will be updated with the latest data at the time of order. Consequently, dispatch time for this product will be 7-10 business days.
Table of Contents
Executive SummaryScope and Definition6. Research Methodology
1. Market: Industry Outlook
2. Application
3. Product
4. Region
5. Markets - Competitive Landscape & Company Profiles
Companies Mentioned
- Air Liquide
- Linde plc
- Air Products and Chemicals, Inc.
- Messer Group
- Taiyo Nippon Sanso Corporation
- Universal Industrial Gases, Inc.
- POET, LLC
- Greco Gas Inc.
- CryoCarb
- Zephyr Solutions, LLC
- MATHESON TRI-GAS, INC.
- Reliant Holdings Ltd.
- Denbury Inc. (now part of ExxonMobil)
- TOMCO2 Systems
- Sutton-Garten Dry Ice
