The Global Industrial Carbon Dioxide Market was valued at USD 11.2 Billion in 2023 and is projected to reach USD 15.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2030). This growth is driven by increasing demand from food & beverage processing, enhanced oil recovery, and the rising adoption of carbon capture technologies across industrial sectors.

As industries transition toward net-zero emissions and carbon-neutral operations, CO₂ plays a dual role—as both a greenhouse gas requiring capture and a valuable industrial feedstock. In this analysis, we profile the Top 10 Companies in the Industrial Carbon Dioxide Industry that are shaping the future of carbon capture, utilization, and industrial gas supply chains.

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🔟 1. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: High-purity CO₂, Carbon Capture Solutions

Linde maintains market leadership through its vertically integrated CO₂ production and distribution network with over 200 plants globally. The company leads in ultra-high purity (UHP) grade CO₂ supply for critical applications.

Sustainability Initiatives:

• Operates world’s largest carbon capture facility in Texas (1.7M tons/year capacity)
• Pioneering oxy-fuel combustion technology for cleaner CO₂ production
• $1 billion investment in carbon capture projects through 2028

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9️⃣ 2. Air Liquide

Headquarters: Paris, France
Key Offering: Food-grade CO₂, Cryocap™ CCUS Technology

Air Liquide’s comprehensive gas solutions span production, liquefaction, and distribution. The company’s Cryocap™ system represents a breakthrough in cryogenic carbon capture with 90%+ efficiency rates.

Sustainability Initiatives:

• 650,000 tons/year operational CO₂ capture capacity
• Strategic partnership with BASF for CO₂-to-methanol conversion
• ISO 22000 certified food-grade CO₂ production systems

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8️⃣ 3. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: CO₂ for EOR, Dry Ice Manufacturing Solutions

With 22 facilities across North America, Air Products operates the continent’s largest merchant CO₂ network. The company is a key enabler for enhanced oil recovery projects.

Sustainability Initiatives:

• Supplies 20% of CO₂ used in U.S. EOR operations
• Developing blue hydrogen projects with integrated carbon capture
• Partnership with Valero on carbon sequestration hubs

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7️⃣ 4. Taiyo Nippon Sanso Corporation

Headquarters: Tokyo, Japan
Key Offering: Semiconductor-grade CO₂, Micro-scale CCUS Solutions

This Japanese industrial gas leader specializes in ultra-high purity CO₂ (99.999% pure) while expanding carbon capture offerings through strategic acquisitions.

Sustainability Initiatives:

• Proprietary compact CO₂ recovery systems for small emitters
• Participating in Japan’s first commercial-scale CCUS project
• ISO Class 1 cleanroom production facilities

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6️⃣ 5. Messer Group

Headquarters: Bad Soden, Germany
Key Offering: Liquid CO₂, Integrated Dry Ice Systems

Messer operates Europe’s most extensive CO₂ distribution network across 15 countries, specializing in food processing and cold chain applications.

Sustainability Initiatives:

• Brewery CO₂ recovery systems capturing 300,000+ tons annually
• Developing biomass energy carbon capture solutions
• Electrically powered dry ice production technology

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5️⃣ 6. India Glycols Limited

Headquarters: Noida, India
Key Offering: Food & Beverage Grade CO₂, Merchant Supply

India’s dominant CO₂ producer operates recovery plants adjacent to fertilizer facilities, preventing millions of tons of emissions annually.

Sustainability Initiatives:

• Pioneered CO₂ recovery from fermentation in India
• Exclusive supplier to major beverage franchises
• 200+ tons/day dry ice production capacity

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4️⃣ 7. SOL Group

Headquarters: Monza, Italy
Key Offering: Medical-grade CO₂, Water Treatment Solutions

SOL’s ammonia production-integrated recovery plants provide technical CO₂ for municipal water pH control across Europe.

Sustainability Initiatives:

• 90%+ of production from byproduct recovery
• CO₂-based concrete curing technology development
• Low-GWP refrigerant research

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3️⃣ 8. Air Water Inc.

Headquarters: Osaka, Japan
Key Offering: Industrial CO₂, Shielding Gas Blends

Japan’s merchant CO₂ leader supplies precision welding applications while developing carbon utilization technologies.

Sustainability Initiatives:

• Algal biomass production using CO₂
• Carbonated concrete pilot plants
• Steel mill emission capture projects

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2️⃣ 9. Hunan Kaimeite Gases Co., Ltd

Headquarters: Changsha, China
Key Offering: Agricultural CO₂, Industrial Gas Solutions

China’s fastest-growing provider specializes in CO₂ recovery from chemical plants, serving the greenhouse agriculture boom.

Sustainability Initiatives:

• First large-scale CO₂ recovery from coal gasification
• EOR pilots in Chinese oilfields
• High-efficiency greenhouse enrichment systems

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1️⃣ 10. Gulf Cryo

Headquarters: Kuwait City, Kuwait
Key Offering: Oilfield CO₂, Middle East Distribution

The regional leader provides CO₂ for enhanced recovery in harsh desert oilfields while developing mobile capture solutions.

Sustainability Initiatives:

• Pioneering CO₂ flooding in Middle Eastern reservoirs
• Modular carbon capture units for remote operations
• Halal-certified food grade CO₂ production

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🌍 Outlook: The Circular Carbon Economy Takes Shape

The industrial CO₂ sector is transitioning rapidly from waste management to value creation, driven by technological innovation and sustainability mandates.

📈 Key Market Transformations:

• Adoption of modular, scalable carbon capture systems
• Expansion of CO₂ utilization in building materials and chemicals
• Increasing purity requirements for semiconductor and medical applications
• Integration with hydrogen production and renewable energy systems

Get Full Report Here: Industrial Carbon Dioxide Market – View in Detailed Research Report

The profiled companies are at the forefront of developing the technologies and infrastructure that will make industrial decarbonization economically viable while meeting growing demand across multiple sectors.