Europe to See Increasing Acceptance of CCS Technology for Procurement of Carbon Dioxide, Says Fact.MR

June 24, 2022

“Manufacturers investing in cost-effective systems to transport carbon dioxide to drive down prices is likely to be the main focus in the European market,” says a Fact.MR analyst.

/EIN News/ -- Dublin, Ireland, June 24, 2022 (GLOBE NEWSWIRE) -- The Europe carbon dioxide market is estimated at US$ 383.6 million in 2022 and is forecasted to rise at 7.2% CAGR during the 2022-2032 forecast years, according to detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. The European market is witnessing rising demand for carbon dioxide for use in several applications in the healthcare and medical sector.

Carbon capture and storage technology is being used to capture CO2 emissions produced by burning fossil fuels for cement manufacturing, power plants, and electricity generation, thus preventing gas from entering the atmosphere. This is suitable for applications in enhanced oil recovery in the oil & gas industry. This technology minimizes the environmental impact caused by emissions, though it is an expensive technology as of now.

However, research projects are being undertaken to develop and explore new technologies and innovations to directly capture carbon emissions from the air.

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Key Takeaways from Market Study

Development of Market

Key carbon dioxide manufacturers in Europe are increasing their investments in R&D to introduce novel technologies to capture carbon dioxide.

Not only this, they are also resorting to organic and inorganic growth strategies along with acquisitions and collaborative activities to expand their operations, achieve efficiency, and maintain their market stance.

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Competitive Landscape

Prominent manufacturers of carbon dioxide in Europe are investing in the research and development of better technologies to augment product output.

For instance :

Fact.MR has provided detailed information about the price points of key manufacturers of carbon dioxide market positioned across Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Segments in Europe Carbon Dioxide Industry Research

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More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Europe carbon dioxide market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by production method (combustion, biological), delivery mode (centralized (pipelines, trucks/bulk, cylinders), onsite), and end-use industry (metal manufacturing & fabrication, food & beverages, pulp & paper, oil & gas, healthcare, chemicals, other industrial uses), across major countries of Europe (Germany, Italy, France, Spain, U.K., Russia, BENELUX, and Rest of Europe)

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With a repertoire of over a thousand reports and 1 Million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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