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The United States and New York liquid carbon dioxide market was volumed at 2384.64 KMT in 2024. The industry is expected to grow at a CAGR of 3.90% during the forecast period of 2025-2034. The rising demand for industrial carbon dioxide in medical applications such cryotherapy, respiratory treatments, and sterilization of medical equipment is expected to develop the market. In turn, all these factors have resulted in the market attaining a volume of 3496.06 KMT by 2034.
Base Year
Historical Year
Forecast Year
The growth in the United States and New York liquid carbon dioxide market is boosted by the considerable increase in the adoption of carbon capture and storage (CCS) technologies. These are driven primarily by the need for the used carbon dioxide-rich waste gas to be reduced in carbon produced by centuries-old consumption.
About 90 percent of the carbon dioxide (CO2) from a 240 MW slipstream of flue gas are captured by initiatives like Petra Nova CCS plant, which will also consume or sequester about 1.4 million metric tons of CO2 per year. B2B companies like Kansai Electric Power Co. and Mitsubishi Heavy Industries, Ltd. (MHI) are collaborating to make use of a tried-and-true carbon capture method for high-performance solvent for CO2 absorption and desorption.
The market growth is often hampered by the recurrent supply shortages caused by weather or shutdowns for maintenance of plants. These are affording modest increases in investment in sectors for alternative production of CO2 from a variety of sources, hence B2B companies can develop in the industrial space by catering to such variations.
Value in KMT
2025-2034
United States and New York Liquid Carbon Dioxide Market Outlook
*this image is indicative*
The growing from sectors including food and beverage, healthcare, and oil recovery is driving heavy demand in the United States and New York liquid carbon dioxide market. Technological developments in carbon dioxide collection and storage are driving market growth, while sustainability requirements are attracting additional investment. New York, a significant regional market, has committed to lowering carbon emissions and has excellent infrastructure. The key market players are increasingly focusing on forming strategic alliances, improving carbon dioxide recovery procedures, and expanding distribution networks. Increased environmental laws, the need for green technologies, and the need for carbon dioxide in a variety of industrial applications are all expected to drive industry growth.
In addition to providing cooling for food storage and transit, liquid carbon dioxide is essential for the carbonation of soft drinks, beer, and sparkling water. Growth in the United States and New York liquid carbon dioxide market is hence being driven by the increasing demand for carbonated drinks as well as the necessity of food preservation. Companies supplying carbon dioxide for these applications can increase their market share through establishing steady supply to sustain the food and beverage industry. Moreover, liquid carbon dioxide is used for additional oil extraction from aging reservoirs under EOR methods. With growth in energy demand, investment in carbon dioxide for EOR increases, making the sector thrive.
The key trends of the United States and New York liquid carbon dioxide market include carbon capture technologies, sustainable production, food & beverage demands, and challenges occurring within the supply chain.
With increasing environmental regulations and a move towards reducing industrial carbon footprints, companies in the United States and New York liquid carbon dioxide market can leverages opportunities such as CO₂ recovery from industrial products. They can focus capturing CO₂ from waste gases for commercially viable applications. Firms like Carbon Clean in cement and steel production, form possible avenues for eco-friendly liquid CO₂ sourcing and applications in the food packaging and beverage industries.
The food and beverage industry make up the most significant share in the United States and New York liquid carbon dioxide market, especially for carbonation and refrigeration purposes. The market witnesses a spike in demand for carbon dioxide for the manufacture of soft drinks and beer, refrigeration of food during transportation in the regions. Major players such as Coca-Cola and PepsiCo have been mostly relying on liquid carbon dioxide for bubbling their drinks. The stable growth of the industry and rising demand from consumers for beverages will result in a strong market for liquid carbon dioxide within this segment.
The United States and New York liquid carbon dioxide market dynamics can be characterized by supply chain disturbances mostly due to natural disasters or plant shutdowns. For example, due to plant coronal closure, the market witnessed shortage in 2020. Such incidences increased the vulnerability of the market while creating opportunities for companies to innovate on more resilient production and distribution models. A few companies are concentrating on the production of liquid carbon dioxide, reclaimed from renewable resources, such as biomass.
As companies work to reduce carbon emissions, carbon capture technology are transforming the United States and New York liquid carbon dioxide market trends and dynamics. By trapping carbon dioxide released during industrial operations, these devices prevent emissions into the atmosphere. As the need for carbon dioxide rises in sectors like better oil recovery, beverage manufacturing, and agriculture, the market expands at a fast pace. This development aligns with the region’s environmental regulations and sustainability goals.
With ever-increasing energy demand, United States and New York liquid carbon dioxide market companies can take advantage of this expanding EOR sector. Liquid carbon dioxide is used to extract hard-to-reach oil in mature fields. Investment in carbon dioxide for EOR are expected to rise in line with price, therefore companies can offer oil operators transportation, infrastructure, and carbon dioxide supply. Moreover, the use of liquid carbon dioxide in manufacturing processes, such as the creation of chemicals, polymers, and synthetic fuels, presents another potential for growth. By incorporating carbon dioxide into sustainable manufacturing systems, businesses can reduce carbon emissions and generate extra income by reusing carbon dioxide.
Carbon capture and carbon dioxide utilization technologies are increasingly being adopted due to strict environmental rules that aim to reduce greenhouse gas emissions, boosting the United States and New York liquid carbon dioxide market revenues. Policies at the federal and state levels encourage the use of liquid carbon dioxide in waste gas recovery and carbon capture, which in turn encourages industries to reduce their carbon footprint. Hence, this regulatory push will also provide a growing platform for carbon dioxide solutions across various sectors, from energy, manufacturing, and transportation. Furthermore, advances in carbon dioxide production processes, such as bio-based carbon dioxide extraction and efficient recycling methods, are further driving market growth. Advancements make carbon dioxide capture more cost-effective, thus, its use in industrial applications propelling the rise in demand, while also aligning with sustainability trends.
The EMR’s report titled “United States and New York Liquid Carbon Dioxide Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
Market Breakup by Production
Market Breakup by End Use
Market Breakup by Region
Market Insights by Source
Demand in the United States and New York liquid carbon dioxide market is on the rise mainly from ammonia, ethyl alcohol, and substitute natural gas (SNG). Ammonia plants emit carbon dioxide as a byproduct, which ranges from any potentially renewable source. Moreover, another source involved in making carbon dioxide through ethyl alcohol, made notably by bioethanol production, fits with this paradigm of sustainable processes. The adoption of captured carbon dioxide through processes like Carbon capture and utilization (CCU) from natural gas plants and industrial sources is another avenue for meeting emission goals by reducing emissions through the provision of carbon dioxide for various industries like EOR and food processing.
Market Analysis by Production
As per the United States and New York liquid carbon dioxide market analysis, biological production of carbon dioxide is gaining ground for sustainability, mainly from fermentation in the bioethanol and brewing industries. This technique suits environmental goals as renewable approaches are used. Also picking up momentum is the combustion approach to producing carbon dioxide, involving capturing it from industrial processes, such as power plants and refineries. This approach helps to reduce emissions while providing carbon dioxide for food and beverage, EOR, and healthcare applications.
Analysis by End Use
The United States and New York liquid carbon dioxide market is gaining traction across the several end-use sectors. Food and beverage processing is heavily dependent on carbon dioxide for carbonation and refrigeration. In the oil and gas sector, carbon dioxide is used for the EOR processes. Medical applications make use of liquid carbon dioxide in cryotherapy and respiratory treatments. Metal fabrications are further enhanced by the use of carbon dioxide in welded joints and consequently in cutting. For agriculture and water treatment purposes, carbon dioxide is also increasingly used.
New England Liquid Carbon Dioxide Market Opportunities
The liquid carbon dioxide demand in New England is rising due to the food and beverage industry, especially carbonation and refrigeration. Breweries and carbonated drink manufacturers heavily rely on liquid carbon dioxide. Furthermore, hospitals and medical facilities use carbon dioxide for respiratory intervention and sterilization.
Mideast Liquid Carbon Dioxide Market Insights
The Mideast liquid carbon dioxide market growth is primarily propelled by the oil and gas sector, where COâ‚‚ is used in EOR. Other industrial applications that are driving increased demand in this regional market include metal fabrication and chemical production.
Great Lakes Liquid Carbon Dioxide Market Growth
The Great Lakes region witnesses heavy liquid carbon dioxide consumption as it is predominantly required in the metal fabrication and food processing industries, which have a well-established manufacturing base in the region. Carbonated beverage production, refrigeration in the food sector, and carbon dioxide in chemical industries provide further stimulus to market growth.
Plains Liquid Carbon Dioxide Market Outlook
Demand for liquid carbon dioxide in the Plains is propelled by EOR in oilfields, especially in Texas and Oklahoma. The region also supplies large amounts of carbon dioxide by feeling bioethanol producing plants, which act as a more sustainable source of carbon dioxide. Agricultural applications such as greenhouse farming are expected to see an increase in demand for carbon dioxide in the region.
Southeast Liquid Carbon Dioxide Market Dynamics
The Southeast liquid carbon dioxide market is mainly dependent on food and beverage applications, primarily from major soft drink corporations. In addition, carbon dioxide also plays a vital role in refrigeration in the food supply chain. Increasing demand from the medical industry for cryotherapy and sterilization applications adds to this upward trend.
Southwest Liquid Carbon Dioxide Market Opportunities
In the Southwest, demand for liquid carbon dioxide arises from agricultural activities in the region, particularly greenhouse cultivation. It also finds an application in oil and gas for EOR. Beverage manufacturing and sustainable carbon dioxide sourcing also fuel demand in the region.
Rocky Mountain Liquid Carbon Dioxide Market Trends
The Rocky Mountain market witnesses continuous liquid carbon dioxide demand especially in Colorado and Wyoming, wherein it is used for oil extraction and enhanced oil recovery (EOR). Demand for carbon dioxide is also contributed to by the food and beverage industry, including breweries and carbonated beverage producers.
Far West Liquid Carbon Dioxide Market Opportunities
The Far West, especially California, is seeing strong liquid carbon dioxide demand consumption by agriculture in particular for greenhouse carbon dioxide fertilization. It is also primarily used in the food and beverage sector with particular emphasis on wine production and carbonated drinks. The issue regarding sustainability in California further strengthens this market segment.
New York Liquid Carbon Dioxide Market Dynamics
Growth in the New York liquid carbon dioxide market is supported mainly by the large food and beverage sector in the state, especially with regard to the production of carbonated beverages and the refrigeration of foodstuffs. The medical sector has also helped boost the demand, applying it in hospitals with the cryotherapy and sterilization aspects.
The United States and New York liquid carbon dioxide market players are focusing on expanding CO2 supply chains, adopting sustainable production methods, and leveraging carbon capture technologies. Moreover, the United States and New York liquid carbon dioxide companies aim to serve this increasing diversification in other sectors, such as food and beverage, oil and gas, medicine, and manufacturing, without compromising their environmental credentials.
Air Products, the industry leader in industrial gases, was founded in 1940 and has its headquarters in Allentown, Pennsylvania. It supplies high-purity CO2 and bulk liquid CO2 to a wide range of industries.
Founded in 1902 and based in Paris, France, Air Liquide is a major player in the global carbon dioxide industry. The company, which has a strong presence in the United States and New York, supplies liquid carbon dioxide to the food and beverage, healthcare, and energy sectors.
Linde, a prominent industrial gases firm, was founded in 1897 and is headquartered in the United Kingdom. It supplies liquid CO2 for use in industry, food processing, and healthcare. The company specializes in advanced CO2 manufacturing and sustainability solutions.
Reliant Holdings was established in 2005 with a focus on gaseous CO2 delivery. It provides effective CO2 solutions to a number of industries in the United States and New York, including food and beverage, oil and gas, and healthcare.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the United States and New York liquid carbon dioxide market report are Matheson Tri-Gas, among others.
New market entrants are increasingly engaging in the production of sustainable carbon dioxide, CCU technologies, and residues in gaseous or other waste-gas forms. They are all focused to offer eco-friendly solutions to industries such as agriculture, food and beverages, and healthcare.
Greenlyte Carbon Technologies
Offering sustainable carbon capture solutions, Greenlyte Carbon Technologies is a pioneering firm that was founded in 2022. Utilizing cutting-edge technology, they seek to optimize carbon dioxide recovery, reduce emissions, and help enterprises efficiently meet their environmental goals.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the United States and New York liquid carbon dioxide market reached an approximate volume of 2384.64 KMT.
The market is projected to grow at a CAGR of 3.90% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a volume of around 3496.06 KMT by 2034.
The major drivers of the market are rising demand for industrial carbon dioxide in medical applications,
The key trends of the market include carbon capture technologies, sustainable production, food & beverage demands, and challenges occurring within the supply chain.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West and New York.
The various sources considered in the market report are ammonia, ethyl alcohol, substitute natural gas and CCU.
The various productions considered in the market report are biological and combustion.
The end uses considered in the market report are food and beverages, oil and gas, medical, metal fabrication, and others.
The major players in the market are Air Products, Air Liquide, Linde, Reliant Holdings, and Matheson Tri-Gas, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Production |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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