Liquid Carbon Dioxide (CO2) Market Size, Share to Grow at a CAGR of 5.28% by 2035 | ChemAnalyst

NEW YORK - Dec. 20, 2022 - PRLog -- According to ChemAnalyst report, "Global Liquid Carbon Dioxide (CO₂) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2035", The Liquid Carbon Dioxide market is anticipated to experience a significant expansion in the forthcoming years with an expected CAGR of 5.28% during the forecast period by 2035. The surging demand for Liquid Carbon Dioxide in Chemicals & Petrochemicals, Food & Beverages, Healthcare, Fire Extinguisher, and Others end-use industries will most likely propel the Liquid Carbon Dioxide market in the forecast period.

Liquid CO₂ is primarily used in the food and beverage industry for carbonated soft drinks and alcoholic beverages like beer. It serves as a preservative in food packaging as well. Carbonating soft drinks, water, and alcoholic beverages like beer is the primary usage of CO₂. Liquid CO₂ is frequently used in breweries to supplement the CO₂ created during fermentation. The CO₂ extends the shelf life of baby food, meats, fresh foods, and baked goods.

Additionally, CO₂ is employed in the form of dry ice and snow to convey fresh food. In the medical field, carbon dioxide is used as a blowing gas for various procedures, including minimally invasive surgery. In treating water, the chemical is mainly used as an acidifier.

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The Liquid Carbon Dioxide market globally is driven by its primary application in the Food & Beverage industry. It is employed in the Food & Beverage sector, supported by the fact that food-grade CO₂ restricts the growth of germs and hinders the development of mould. Thus, it has found use in packaging for changed atmospheres. Additionally, it is utilized in liquid form to quickly chill or freeze products at a specified temperature while maintaining the product's texture. With the growing population across the globe, the demand for CO₂ is bound to expand. Since liquid carbon dioxide is a common raw material used in the production of many chemicals, an increase in demand in the chemical compounds and petrochemical products sector is also anticipated throughout the projection period.

Major Players are MOX-Linde Gases Sdn Bhd, Linde Plc, BASF SE - Linde plc, Linde Gas AS, Linde Gáz Magyarország Zrt, and The Linde Group.