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Carbon Dioxide Market to Hit USD 18.7 Billion by 2032 at 7.1% CAGR Driven by Industrial and Food-Grade Demand

The global Carbon Dioxide market was valued at USD 11.2 billion in 2023 and is projected to reach USD 18.7 billion by 2032, growing at a CAGR of 7.1% from 2024 to 2032. The market stood at USD 10.4 billion in 2022, reflecting a YoY increase of 7.7% in 2023. Rising demand across food processing, healthcare, and enhanced oil recovery applications is accelerating market expansion.
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