In Q3 2025, North America, the Liquid Carbon Dioxide Price Index rose by 4.97% quarter-over-quarter, driven by feedstock inflation. Check detailed insights for Europe and APAC.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Dioxide (WPU06790302) from Jun 1981 to Sep 2025 about chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

View yearly updates and historical trends for US Producer Price Index: Chemicals and Allied Products: Carbon Dioxide. from United States. Source: Bureau o…

Graph and download economic data for Producer Price Index by Industry: Industrial Gas Manufacturing: Carbon Dioxide (PCU3251203251204) from Jun 1981 to Sep 2025 about gas, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Dioxide was 614.42900 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Dioxide reached a record high of 614.42900 in August of 2025 and a record low of 80.80000 in July of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Carbon Dioxide - last updated from the United States Federal Reserve on December of 2025.

Get the latest insights on price movement and trend analysis of Carbon Dioxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, the U.S. carbon dioxide market increased by 12% to $977M for the first time since 2021, thus ending a two-year declining trend. Overall, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -33.7% against 2021 indices.

The average carbon dioxide import price stood at $329 per ton in February 2025, increasing by 14% against the previous month.

The global direct carbon price averaged **** U.S. dollars per metric ton of carbon dioxide equivalent (USD/tCO₂e) in 2023. Around one quarter of global greenhouse gas emissions were covered by carbon pricing mechanisms as of April 2024, compared with ** percent in 2020.

Carbon Monoxide is a strong alkali possessing the chemical. Carbon Monoxide is one of the most popularly used chemicals

Carbon dioxide exports from the United States soared to 895K tons in 2023, jumping by 47% against the previous year.

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Carbon Dioxide Market Size 2025-2029

The carbon dioxide market size is valued to increase USD 2.36 billion, at a CAGR of 4.7% from 2024 to 2029. Rising demand for CO2 in oil and gas industry will drive the carbon dioxide market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 51% growth during the forecast period.
By Technology - Combustion segment was valued at USD 4.65 billion in 2023
By Application - Enhanced oil recovery segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 45.62 million
Market Future Opportunities: USD 2359.80 million
CAGR : 4.7%
APAC: Largest market in 2023

Market Summary

The market encompasses the global production, consumption, and trade of CO2 as a commodity. Key drivers propelling market growth include the rising demand for CO2 in the oil and gas industry for enhanced oil recovery and the surge in research and development activities for new applications in various sectors such as food and beverages, pharmaceuticals, and textiles. However, the high manufacturing cost of industrial CO2 poses a significant challenge to market expansion. According to a recent report, the oil and gas segment accounted for over 60% of the global CO2 market share in 2020. As the market continues to evolve, stakeholders must navigate the complex regulatory landscape and adapt to emerging trends, ensuring a sustainable and efficient CO2 value chain.

What will be the Size of the Carbon Dioxide Market during the forecast period?

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How is the Carbon Dioxide Market Segmented and what are the key trends of market segmentation?

The carbon dioxide industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Technology

  Combustion
  Biological


Application

  Enhanced oil recovery
  Food and beverages
  Precipitated calcium carbonate
  Others


Source

  Ethyl alcohol
  Hydrogen
  Substitute natural gas
  Ethylene oxide
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Technology Insights

The combustion segment is estimated to witness significant growth during the forecast period.

The market encompasses various applications, including carbon footprint calculation, geologic carbon storage, and CO2 conversion processes, among others. Carbon footprint calculation is a critical aspect of climate change mitigation, helping businesses and individuals assess their greenhouse gas emissions. Geologic carbon storage involves injecting CO2 deep underground to reduce emissions. Combustion processes, such as biomass gasification, algae biofuel production, and renewable fuel production, are essential components of the market. These processes contribute to emissions reduction by generating energy from renewable sources and reducing reliance on fossil fuels. Additionally, afforestation and reforestation, methane emission reduction, renewable energy integration, emissions trading schemes, ocean CO2 absorption, waste gas treatment, sustainable transportation, enhanced oil recovery, carbon mineralization, industrial process optimization, atmospheric CO2 monitoring, carbon pricing mechanisms, greenhouse gas accounting, building energy codes, carbon tax policies, CO2 pipeline infrastructure, industrial CO2 utilization, and steel production emissions are all integral parts of the market.

According to recent studies, the carbon capture technology market is expected to grow by 15% in the next year, driven by increasing demand for reducing emissions. Furthermore, energy efficiency measures, such as the adoption of LED lighting and smart grids, are projected to expand by 20% during the same period. These trends underscore the market's continuous evolution and the ongoing efforts to minimize carbon emissions across various sectors.

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The Combustion segment was valued at USD 4.65 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 51% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Carbon Dioxide Market Demand is Rising in APAC Request Free Sample

The Carbon Dioxide (CO2) market in Asia Pacific (APAC) is experiencing notable expansion, driven by the escalating demand for CO2 in food processing and beverage carbonation applications. China and India are the primary contributors to

United States - Producer Price Index by Industry: Industrial Gas Manufacturing: Carbon Dioxide was 778.69500 Index Jun 1981=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Industrial Gas Manufacturing: Carbon Dioxide reached a record high of 778.69500 in August of 2025 and a record low of 100.00000 in July of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Industrial Gas Manufacturing: Carbon Dioxide - last updated from the United States Federal Reserve on November of 2025.

Carbon dioxide pricing, such as carbon taxes and cap-and-trade systems, incentivizes reductions in greenhouse gas emissions and promotes a low-carbon economy. Learn more about the concept, implementation, and effectiveness of carbon pricing in combating climate change.

Carbon price for industry and services in the United Kingdom is projected to rise from **** to **** British pounds per metric ton of carbon dioxide between 2020 and 2030, respectively. Figures are expected to remain at **** British pounds per metric ton of carbon dioxide from 2030 onwards.

The carbon dioxide industry, which plays a vital role in supplying sectors such as beverages, enhanced oil recovery and a wide range of industrial applications, is in the midst of a period of strong growth. It is currently expanding at a CAGR of 12.6%. In 2025 alone, the industry is expected to grow by 4.7%, bringing revenues to approximately $2.5 billion. Some of this momentum is being driven by advances in capture and purification technologies, which are improving the profit margin by reducing operating costs and energy requirements. The adoption of modular, scalable processing units and the use of advanced materials have enhanced product quality, plant efficiency and environmental performance. These innovations not only support sustainability and emissions-reduction goals but also help producers maintain compliance with tightening regulations, strengthening both market competitiveness and overall revenue stability. In structural terms, the industry remains heavily oriented toward domestic supply chains, with exports representing only a small proportion of total production. The bulk of those exports are directed to Canada and Mexico, where close proximity and favorable trade conditions under agreements such as the USMCA support cost-efficient cross-border shipments. Supply chain resilience is further reinforced by growing use of modular on-site CO2 capture and reuse technologies at customer facilities, which reduce reliance on external suppliers and long-distance transportation. At the same time, producers are expanding into new utilization markets such as synthetic fuels, specialty chemicals and sustainable building materials. These emerging applications diversify revenue streams, reduce exposure to fluctuations in traditional demand patterns and enable producers to participate more fully in the growth of the circular carbon economy. The industry is forecast to expand at a 5.4% CAGR through 2030, reaching an estimated $3.3 billion in annual revenue. Continued growth will be supported by increasing CO2 demand for enhanced oil recovery projects and broader industrial expansion. Persistent upward pressure on feedstock and energy costs is expected to sustain price increases, and when combined with efficiency gains from advanced capture and modular deployment, this will bolster both profit potential and operational flexibility. Meanwhile, accelerating regulatory and sustainability requirements will further spur investment in low-carbon and circular technologies, positioning the industry for durable growth, stronger market positioning, and long-term resilience in an evolving economic and environmental landscape.

Carbon dioxide exports from Thailand surged to 29K tons in 2023, picking up by 26% on 2022.

¿Por qué cambió el precio del dióxido de carbono líquido en julio de 2025? El Índice de Precios del dióxido de carbono líquido en los Estados Unidos mostró una presión al alza moderada durante el 2º trimestre de 2025, con precios alcanzando USD 590/MT, DEL Illinois.

The average carbon dioxide import price stood at $201 per ton in May 2025, reducing by -5.2% against the previous month.

EU Carbon Permits fell to 82.64 EUR on December 1, 2025, down 0.74% from the previous day. Over the past month, EU Carbon Permits's price has risen 1.77%, and is up 20.06% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for EU Carbon Permits.