Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By By Sources (Hydrogen, Ethyl Alcohol, Ammonia, Natural gas, Others), By By Application (Food & Beverages, Chemicals, Electronics, Agriculture, Healthcare, Wastewater treatment) And Competitive Landscape
Product Code: ETC185180 | Publication Date: May 2021 | Updated Date: Mar 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Liquefied Carbon Dioxide Market |
Forecast Period | 2025-2031 |
Market Size | USD $ 22.24 billion by 2031 |
CAGR | 10.34% |
Growing Sector | Food and beverage industry |
Europe Liquefied Carbon Dioxide Market report thoroughly covers the market By Countries, by sources, by application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Liquefied Carbon Dioxide Market was valued at USD $ 12.35 billion and is expected to reach USD $ 22.24 billion, growing at a CAGR of around 10.34% from 2025 to 2031. The liquefied carbon dioxide market in Europe is expected to experience significant growth during the forecast period of 2025-2031. This growth can be attributed to various factors such as increasing demand for CO2 in industries like food and beverage, healthcare, and chemical production, as well as government initiatives towards reducing carbon emissions.
The Europe Liquefied Carbon Dioxide Market growth can be attributed to the increasing demand for carbon dioxide in various industries such as food and beverage, pharmaceuticals, and chemicals. According to 6Wresearch, the Europe Liquefied Carbon Dioxide Market Size is expected to reach a significant CAGR of 10.34% during the forecast period 2025-2031. A key driver of market growth is the increasing awareness of environmental sustainability and the need to reduce carbon footprints. Liquefied carbon dioxide (CO₂) is considered an eco-friendly alternative to traditional energy sources and is widely utilized in industrial processes. Its demand has risen, particularly in countries with stringent regulations on greenhouse gas emissions. Additionally, advancements in carbon capture and storage technologies have further propelled market expansion by enabling the sequestration of CO₂ emissions in a liquefied form, minimizing environmental impact. The growing use of liquefied CO₂ in carbonated beverages, refrigeration within the food and beverage sector, and enhanced oil recovery techniques also contributes to market growth.
However, several challenges persist. The high costs of CO₂ capture and purification, requiring advanced technologies and significant investment, pose entry barriers for smaller players. Transportation expenses further escalate overall costs, while reliance on industrial sources for CO₂ production may lead to supply chain disruptions. Additionally, emerging alternatives such as carbon capture and storage (CCS) and carbon recycling could impact future demand.
A key trend in the Europe liquefied carbon dioxide market growth is the increasing adoption of CO₂ as a refrigerant in industrial applications. This shift is primarily driven by the demand for environmentally friendly and energy-efficient refrigeration solutions, alongside stringent regulations on greenhouse gas emissions. Furthermore, the use of CO₂ in enhanced oil recovery (EOR) within the oil and gas sector is gaining traction, contributing to market expansion. The emphasis on reducing carbon emissions and promoting sustainable practices is expected to further drive demand across various industries. This evolving landscape presents opportunities for companies to develop innovative products and technologies that leverage CO₂ in a sustainable manner. As industries transition towards greener solutions and regulatory frameworks become more stringent, the European liquefied CO₂ market is poised for substantial growth in the coming years.
The liquefied carbon dioxide market in Europe presents significant investment opportunities, primarily driven by the increasing adoption of carbon capture and storage (CCS) technology. CCS facilitates the capture and sequestration of CO2 emissions from industrial processes, mitigating environmental impact. With the implementation of stricter greenhouse gas regulations, businesses are actively investing in CCS to ensure compliance. Furthermore, there is a growing trend of utilizing CO2 in enhanced oil recovery (EOR) operations, wherein CO2 injection enhances oil production while simultaneously reducing emissions. Additionally, the rising demand for carbonated beverages in Europe further stimulates market growth, as the beverage industry relies heavily on CO2 for carbonation. Given the escalating focus on emission reduction and the diverse applications of CO2, the Europe liquefied carbon dioxide market share offers promising investment prospects. Investors should consider opportunities in CCS technology, EOR operations, and other CO2-dependent industries to capitalize on this expanding market.
Europe has a well-established and highly competitive market for liquefied carbon dioxide, with key players constantly striving to improve their production processes and expand their reach. Some of the leading companies in the Europe liquefied carbon dioxide market include Air Liquide SA, Linde AG, Messer Group GmbH, and Praxair Inc. These companies have been investing heavily in research and development to come up with more efficient methods of producing and transporting liquefied CO2. They are also exploring new applications for this versatile gas, such as using it as a raw material in various industries or as an alternative fuel source.
In addition to the established players, there is also a growing number of start-ups entering the market with innovative technologies and solutions. This competition is driving further advancements in the industry, making Europe a key player in the global liquefied carbon dioxide market.
The Europe liquefied carbon dioxide market is poised for significant growth in the coming years, driven by stringent government regulations aimed at reducing carbon emissions. Growing concerns over environmental sustainability and climate change have led authorities across Europe to implement strict policies to curb carbon dioxide emissions. Consequently, there is a rising demand for alternative energy sources, including liquefied carbon dioxide, recognized for its clean and efficient properties. Additionally, businesses are now required to monitor and report their carbon footprint while adopting measures to lower emissions, further boosting the adoption of liquefied carbon dioxide. Government incentives and subsidies are also encouraging industries to transition to cleaner energy sources, accelerating market expansion. With these regulatory frameworks in place, the Europe liquefied carbon dioxide industry is expected to continue its upward trajectory, as industries increasingly embrace sustainable and environmentally responsible practices. Ultimately, government policies remain instrumental in shaping a greener future for the region.
The Europe liquefied carbon dioxide market share is projected to witness substantial growth from 2025 to 2031, driven by increasing demand across industries such as food and beverage, healthcare, and oil and gas. The rising utilization of carbon dioxide in enhanced oil recovery and the growing adoption of CO₂-based refrigeration systems further contribute to market expansion. Government initiatives aimed at reducing carbon emissions and promoting sustainability are accelerating the adoption of liquefied carbon dioxide, fostering market growth. However, stringent regulations governing its storage, handling, and transportation may pose challenges. Despite regulatory constraints, advancements in carbon capture and storage technologies are expected to present significant growth opportunities for industry players. With the ongoing emphasis on sustainability and emission reduction, the European liquefied carbon dioxide market is poised for considerable expansion. Companies operating in this sector should strategically leverage these opportunities to maintain a competitive edge.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is expected to be the leading country in the Europe liquefied carbon dioxide market share during the forecast period. This can be attributed to its strong chemical industry and growing demand for CO2 in food and beverage processing.
According to Ravi Bhandari, Research Head, 6Wresearch, Hydrogen is expected to be the leading source of liquefied carbon dioxide in Europe during the forecast period. This can be attributed to its widespread use in chemical production and as a fuel for clean energy sources.
The food and beverage industry is expected to be the leading application segment for the Europe liquefied carbon dioxide industry. This can be attributed to the increasing use of CO2 as a refrigerant, preservation agent, and carbonation agent in food and beverage processing.
The market report has been segmented and sub-segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Liquefied Carbon Dioxide Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Liquefied Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Liquefied Carbon Dioxide Market - Industry Life Cycle |
3.4 Europe Liquefied Carbon Dioxide Market - Porter's Five Forces |
3.5 Europe Liquefied Carbon Dioxide Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Liquefied Carbon Dioxide Market Revenues & Volume Share, By By Sources, 2021 & 2031F |
3.7 Europe Liquefied Carbon Dioxide Market Revenues & Volume Share, By By Application , 2021 & 2031F |
4 Europe Liquefied Carbon Dioxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Liquefied Carbon Dioxide Market Trends |
6 Europe Liquefied Carbon Dioxide Market, 2021 - 2031 |
6.1 Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
6.2 Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
7 Germany Liquefied Carbon Dioxide Market, 2021 - 2031 |
7.1 Germany Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
7.2 Germany Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
8 United Kingdom Liquefied Carbon Dioxide Market, 2021 - 2031 |
8.1 United Kingdom Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
8.2 United Kingdom Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
9 France Liquefied Carbon Dioxide Market, 2021 - 2031 |
9.1 France Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
9.2 France Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
10 Italy Liquefied Carbon Dioxide Market, 2021 - 2031 |
10.1 Italy Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
10.2 Italy Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
11 Russia Liquefied Carbon Dioxide Market, 2021 - 2031 |
11.1 Russia Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
11.2 Russia Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
12 Spain Liquefied Carbon Dioxide Market, 2021 - 2031 |
12.1 Spain Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
12.2 Spain Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
13 Rest of Europe Liquefied Carbon Dioxide Market, 2021 - 2031 |
13.1 Rest of Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By By Sources, 2021 - 2031 |
13.2 Rest of Europe Liquefied Carbon Dioxide Market, Revenues & Volume, By By Application , 2021 - 2031 |
14 Europe Liquefied Carbon Dioxide Market Key Performance Indicators |
15 Europe Liquefied Carbon Dioxide Market - Opportunity Assessment |
15.1 Europe Liquefied Carbon Dioxide Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Liquefied Carbon Dioxide Market Opportunity Assessment, By By Sources, 2021 & 2031F |
15.3 Europe Liquefied Carbon Dioxide Market Opportunity Assessment, By By Application , 2021 & 2031F |
16 Europe Liquefied Carbon Dioxide Market - Competitive Landscape |
16.1 Europe Liquefied Carbon Dioxide Market Revenue Share, By Companies, 2021 |
16.2 Europe Liquefied Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |