North America Carbon Dioxide Market (2025-2031) | Companies, Growth, Forecast, Size, Trends, Value, Industry, Outlook, Analysis, Share, Revenue

North America Carbon Dioxide Market Highlights

Report Name	North America Carbon Dioxide Market
Forecast Period	2025-2031
Market Size	9.390 billion By 2031
CAGR	7.7%
Growing Sector	Energy

Topics Covered in the North America Carbon Dioxide Market Report

North America Carbon Dioxide Market report report thoroughly covers the market By Countries, By Source and By Application. The North America Carbon Dioxide Market report provides an unbiased and detailed analysis of the ongoing North America Carbon Dioxide 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.

North America Carbon Dioxide Market Size Analysis

North America Carbon Dioxide Market was valued at USD 5.1836 billion and is expected to reach USD 9.390 billion , growing at a CAGR of around 7.7% from 2025-2031. The increasing demand for carbon dioxide in various industries such as food and beverage, pharmaceuticals, oil and gas, and chemicals is driving the growth of the market in North America. In addition, the growing awareness about reducing carbon emissions and promoting sustainable practices is also contributing to the market growth.

North America Carbon Dioxide Market Synopsis

North America  Carbon Dioxide Market has experienced significant success and is expected to continue growing in the future. The market is emerging as a key player in the global carbon trading landscape. Driven by commitment of the country to reducing greenhouse gas emissions and combating climate change, the market is supported by regulatory frameworks and incentives. Key sectors include energy, agriculture, and forestry, with significant potential for growth in renewable energy projects.

According to 6Wresearch, North America Carbon Dioxide Market size is expected to grow at a significant CAGR of 7.7% during 2025-2031. The market growth in North America is primarily driven by the increasing demand for carbon dioxide in various industries, such as food and beverage, pharmaceuticals, oil and gas, and chemicals. Additionally, government initiatives to reduce carbon emissions and promote sustainable practices are also fueling the market growth. However, stringent regulations regarding carbon emissions could act as a restraint for the market in the region.

Carbon Dioxide Market in North America : Novel Trends

The North America Carbon Dioxide Market is witnessing some key trends, including the increasing use of carbon dioxide in enhanced oil recovery (EOR) operations and growing investment in carbon capture and storage (CCS) technology. CCS technology involves capturing carbon dioxide emissions from industrial processes and storing them underground to prevent them from entering the atmosphere.

Another emerging trend is the use of carbon dioxide as a refrigerant in cooling systems, replacing traditional hydrofluorocarbons (HFCs), which have a high global warming potential. This shift towards sustainable refrigerants is driven by government regulations and consumer demand for eco-friendly products.

Investment Opportunities in North America Carbon Dioxide Industry

The North America Carbon Dioxide Market offers several investment opportunities for companies looking to enter or expand in the region. One potential opportunity is investing in carbon capture and storage (CCS) technology, which is expected to experience significant growth due to government initiatives and increasing focus on reducing carbon emissions.

Another potential area for investment is the food and beverage industry, where there is a growing demand for carbon dioxide as a key ingredient in carbonated drinks and as a preservative in packaged foods. Investing in renewable energy projects, such as solar or wind farms, can also be beneficial as these industries require large amounts of carbon dioxide for various processes.

Apart from traditional industries, emerging applications of carbon dioxide include its use in greenhouses for enhancing plant growth, as well as in the production of biodegradable plastics. These industries also offer potential investment opportunities for companies looking to diversify their portfolio and tap into the growing demand for sustainable practices.

Leading Players Expanding the North America Carbon Dioxide Market Share

Some of the key players operating in the North America Carbon Dioxide Market include Linde plc, Air Liquide, Praxair Inc., Air Products and Chemicals Inc., and Matheson Tri-Gas Inc. These companies are focusing on expanding their production capacity and investing in R&D to develop innovative solutions for carbon dioxide capture and utilization.

In addition to established players, there is also a presence of emerging companies offering technologies such as direct air capture (DAC) which involves pulling carbon dioxide directly from the air. This technology has gained attention due to its potential in reducing atmospheric carbon levels. Companies like Carbon Engineering Ltd and Climeworks AG are pioneering this technology in North America.

Government Regulations for Effective Market Performance

The North America Carbon Dioxide Market is heavily influenced by government regulations and policies aimed at reducing carbon emissions. In the United States, the Environmental Protection Agency (EPA) has implemented the Clean Air Act which sets standards for stationary sources of carbon dioxide emissions.

Similarly, in Canada, the federal government has introduced a carbon pricing system to encourage companies to reduce their greenhouse gas emissions. The provincial governments also have their own regulations and incentives for reducing carbon emissions.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

US to Dominate the Market - By Countries

According to Dhaval, Research Manager, 6Wresearch, The US is the largest contributor to the North America Carbon Dioxide Market, accounting for the majority of revenue share in 2019 and is expected to maintain its dominance over the forecast period. The country’s commitment towards reducing carbon emissions and strong presence of key players are driving the market growth.

Hydrogen to Dominate the Market - By Source

Among the various sources of carbon dioxide, hydrogen is expected to dominate the market in North America. This can be attributed to the increasing use of hydrogen in oil refineries and other industrial processes, where it is often produced as a byproduct and then converted into carbon dioxide for sale.

However, with the rise of renewable energy projects, ethyl alcohol is also gaining traction as a source of carbon dioxide. Ethanol production from biomass emits significantly less carbon dioxide compared to fossil fuels, making it a more sustainable option for industries.

Food & Beverages to Dominate the Market - By Application

The food and beverage industry is expected to dominate the North America Carbon Dioxide Market by application. This can be attributed to the growing demand for carbonated drinks and packaged foods, which require carbon dioxide as a key ingredient and preservative respectively.

However, other applications such as oil and gas, medical, rubber, fire fighting, and others are also experiencing significant growth due to the increasing use of carbon dioxide in these industries. For instance, in the oil and gas sector, carbon dioxide is used in EOR operations to increase production from mature oil fields. In the medical field, it is used for cryotherapy treatments and as an imaging agent in diagnostic procedures.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Factors Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Carbon Dioxide Market Outlook
• Market Size of North America Carbon Dioxide Market, 2024
• Forecast of North America Carbon Dioxide Market, 2031
• Historical Data and Forecast of North America Carbon Dioxide Revenues & Volume for the Period 2021- 2031
• North America Carbon Dioxide Market Trend Evolution
• North America Carbon Dioxide Market Drivers and Challenges
• North America Carbon Dioxide Price Trends
• North America Carbon Dioxide Porter's Five Forces
• North America Carbon Dioxide Industry Life Cycle
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Source for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Hydrogen for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Ethyl Alcohol for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Ethylene Oxide for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Substitute Natural Gas for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Source for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Hydrogen for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Ethyl Alcohol for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Ethylene Oxide for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Substitute Natural Gas for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Source for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Hydrogen for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Ethyl Alcohol for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Ethylene Oxide for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Substitute Natural Gas for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Application for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Food & Beverages for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Oil & Gas for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Medical for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Rubber for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Fire Fighting for the Period 2021- 2031
• Historical Data and Forecast of North America Carbon Dioxide Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Application for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Food & Beverages for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Oil & Gas for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Medical for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Rubber for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Fire Fighting for the Period 2021- 2031
• Historical Data and Forecast of United States Carbon Dioxide Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Application for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Food & Beverages for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Oil & Gas for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Medical for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Rubber for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Fire Fighting for the Period 2021- 2031
• Historical Data and Forecast of Canada Carbon Dioxide Market Revenues & Volume By Others for the Period 2021- 2031
• North America Carbon Dioxide Market - Key Performance Indicators
• North America Carbon Dioxide Market - Import Export Trade Statistics
• North America Carbon Dioxide Market - Opportunity Assessment By Countries
• North America Carbon Dioxide Market - Opportunity Assessment By Source
• North America Carbon Dioxide Market - Opportunity Assessment By Application
• North America Carbon Dioxide Market - Top Companies Market Share
• North America Carbon Dioxide Market - Top Companies Profiles
• North America Carbon Dioxide Market - Comparison of Players in Technical and Operating Parameters
• North America Carbon Dioxide Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Source

• Hydrogen
• Ethyl Alcohol
• Ethylene Oxide
• Substitute Natural Gas
• Others

By Application

• Food & Beverages
• Oil & Gas
• Medical
• Rubber
• Fire Fighting
• Others