Market Forecast By Sources (Hydrogen, Ethyl Alcohol, Ammonia, Natural gas, Others), By Application (Food & Beverages, Chemicals, Electronics, Agriculture, Healthcare, Wastewater treatment) And Competitive Landscape
Product Code: ETC190970 | Publication Date: May 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Report Name | Turkey Liquefied Carbon Dioxide Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Chemicals |
The Turkey Liquefied Carbon Dioxide Market report thoroughly covers the market by Sources, 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.
Turkey Liquefied Carbon Dioxide Market is experiencing significant expansion and is projected to sustain this momentum in the upcoming years. This growth is attributed to the rising demand for liquefied CO2 across various industries, alongside government initiatives promoting sustainable practices.
According to 6Wresearch, Turkey Liquefied Carbon Dioxide Market is projected to grow at a CAGR of 6.5% during 2025-2031. One of the primary factors driving this growth is the increasing usage of liquefied CO2 in the food and beverages industry for carbonation and preservation. Additionally, the expanding healthcare sector, which utilizes CO2 for various medical applications, is further propelling the market. Moreover, the Turkish government's emphasis on reducing carbon emissions and adopting environmentally friendly technologies is boosting the demand for liquefied CO2.
Nevertheless, the Turkey Liquefied Carbon Dioxide Market faces challenges such as high production and storage costs, which can impede market growth. Another challenge is the volatility of raw material prices, which affects the overall cost structure. Furthermore, the lack of awareness regarding the benefits and applications of liquefied CO2 in certain regions may also hinder market penetration.
Leading players in the Turkey Liquefied Carbon Dioxide Market include Linde AG, Air Liquide, and SOL Group. These companies hold a substantial market share due to their comprehensive product portfolios and robust distribution networks. Linde AG is known for its innovative gas solutions and extensive global presence. Air Liquide offers a wide range of industrial gases and related services, including advanced solutions for CO2 production. SOL Group specializes in the production and distribution of industrial gases, including liquefied carbon dioxide, catering to various sectors such as food and beverages, healthcare, and chemicals.
The Turkish government has introduced several initiatives to foster the use of liquefied CO2, particularly focusing on sustainability and carbon reduction. The country's National Climate Change Strategy emphasizes reducing greenhouse gas emissions, which has led to increased investments in carbon capture and utilization projects. Additionally, the government supports the development of infrastructure for CO2 storage and distribution. Efforts to promote renewable energy sources and improve industrial efficiency further drive the demand for liquefied CO2. Moreover, the government has implemented regulations to ensure the safe handling and transport of liquefied gases, encouraging companies to adopt best practices.
The future of Turkey Liquefied Carbon Dioxide Market looks promising with expected growth driven by increasing investments in carbon capture technologies and rising industrial demand. The food and beverages sector will continue to be a major contributor to market growth, owing to the high demand for carbonation and preservation solutions. Advancements in CO2 production technologies, such as those involving the use of renewable energy sources, will further enhance market expansion. Additionally, the healthcare industry is projected to offer significant growth opportunities, driven by the increasing use of CO2 in medical procedures and equipment sterilization. As Turkey progresses towards its environmental goals, the demand for eco-friendly and efficient liquefied CO2 solutions is anticipated to rise.
According to Ravi Bhandari, Research Head, 6Wresearch, the hydrogen sector is currently leading and dominating the market. This is due to the extensive use of hydrogen as a primary feedstock in CO2 production, coupled with the growing focus on cleaner energy sources.
In terms of applications, the food and beverages sector is the most widely utilized in Turkey. This sector's significant demand for liquefied CO2 is driven by its essential role in carbonation and food preservation. With the increasing preference for packaged and processed foods, the usage of liquefied CO2 is expected to grow steadily in the future.
The report provides a detailed analysis of the following market segments
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 Turkey Liquefied Carbon Dioxide Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, 2021 & 2031F |
3.3 Turkey Liquefied Carbon Dioxide Market - Industry Life Cycle |
3.4 Turkey Liquefied Carbon Dioxide Market - Porter's Five Forces |
3.5 Turkey Liquefied Carbon Dioxide Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.6 Turkey Liquefied Carbon Dioxide Market Revenues & Volume Share, By Application , 2021 & 2031F |
4 Turkey Liquefied Carbon Dioxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Liquefied Carbon Dioxide Market Trends |
6 Turkey Liquefied Carbon Dioxide Market, By Types |
6.1 Turkey Liquefied Carbon Dioxide Market, By Sources |
6.1.1 Overview and Analysis |
6.1.2 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Sources, 2021 - 2031F |
6.1.3 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Hydrogen, 2021 - 2031F |
6.1.4 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Ethyl Alcohol, 2021 - 2031F |
6.1.5 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Ammonia, 2021 - 2031F |
6.1.6 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Natural gas, 2021 - 2031F |
6.1.7 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Turkey Liquefied Carbon Dioxide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.2.3 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Chemicals, 2021 - 2031F |
6.2.4 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Electronics, 2021 - 2031F |
6.2.5 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.2.6 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.2.7 Turkey Liquefied Carbon Dioxide Market Revenues & Volume, By Wastewater treatment, 2021 - 2031F |
7 Turkey Liquefied Carbon Dioxide Market Import-Export Trade Statistics |
7.1 Turkey Liquefied Carbon Dioxide Market Export to Major Countries |
7.2 Turkey Liquefied Carbon Dioxide Market Imports from Major Countries |
8 Turkey Liquefied Carbon Dioxide Market Key Performance Indicators |
9 Turkey Liquefied Carbon Dioxide Market - Opportunity Assessment |
9.1 Turkey Liquefied Carbon Dioxide Market Opportunity Assessment, By Sources, 2021 & 2031F |
9.2 Turkey Liquefied Carbon Dioxide Market Opportunity Assessment, By Application , 2021 & 2031F |
10 Turkey Liquefied Carbon Dioxide Market - Competitive Landscape |
10.1 Turkey Liquefied Carbon Dioxide Market Revenue Share, By Companies, 2024 |
10.2 Turkey Liquefied Carbon Dioxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |