Carbon Dioxide Market Is Likely To Up Demand At A USD 10.67 Billion By 2028
San Francisco, 12 July 2021: The Report Carbon Dioxide Market Size, Share & Trends Analysis Report By Source (Ethyl Alcohol, Substitute Natural Gas), By Application (Food & Beverage, Medical), By Region, And Segment Forecasts, 2021 - 2028 The global carbon dioxide market size is expected to reach USD 10.67 billion by 2028, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rise in usage of carbon dioxide in sectors, such as oil & gas for enhanced oil recovery, food & beverages, and healthcare, is a key driving factor for the market. Fluctuation in crude oil prices along with a rise in the number of matured oil & gas wells are resulting in oil & gas operators implementing various techniques to enhance the drilling efficiency of the existing wells. Furthermore, oil & gas operators are adopting carbon dioxide-based enhanced oil recovery techniques, which will bo...