The Global Industrial Grade Carbon Dioxide Market was valued at USD 11.5 Billion in 2024 and is projected to reach USD 16.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is being driven by increasing demand from food & beverage processing, enhanced oil recovery applications, and the accelerating adoption of Carbon Capture and Utilization (CCU) technologies across multiple industrial sectors.

As manufacturing industries evolve toward more sustainable and efficient operations, the spotlight is on the key gas suppliers who are driving innovation, supply chain reliability, and cleaner industrial processes. In this blog, we profile the Top 10 Companies in the Industrial Grade Carbon Dioxide Industry—a mix of industrial gas majors, specialty gas producers, and CCU pioneers shaping the future of industrial gas supply chains.

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🔟 1. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: High-purity CO₂, CO₂ recovery systems, Cryogenic CO₂

Linde is a global leader in industrial gases, supplying high-purity carbon dioxide to diverse industries including food & beverage, healthcare, and manufacturing. Their CO₂ division serves over 200,000 customers worldwide, with significant investments in carbon capture technologies and sustainable gas solutions.

Sustainability Initiatives:

• Deployment of carbon capture and utilization systems

• CO₂ utilization partnerships with refinery and chemical clients

• Committed to climate neutrality by 2050

Download FREE Sample Report: Industrial Grade Carbon Dioxide Market – View in Detailed Research Report

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9️⃣ 2. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Liquid CO₂, Dry Ice, CO₂ recovery plants

Air Products operates in over 50 countries and supplies CO₂ to more than 30,000 customer locations globally. The company is a significant player in carbon capture technologies, operating some of the world’s largest CO₂ capture facilities.

Sustainability Initiatives:

• Strategic investments in carbon capture projects

• Partnerships with energy companies to develop CCUS value chains

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8️⃣ 3. Air Liquide

Headquarters: Paris, France
Key Offering: Food-grade CO₂, Industrial CO₂, CO₂ purification systems

Air Liquide’s industrial gas division provides CO₂ solutions across various industries, with growing investments in sustainable production methods and circular economy models.

Sustainability Initiatives:

• Target to reduce CO₂ emissions intensity by 33% by 2025

• Development of CO₂ capture and purification technologies

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7️⃣ 4. Messer Group

Headquarters: Bad Soden, Germany
Key Offering: Gaseous CO₂, Liquid CO₂, CO₂ cylinder gases

Messer is one of Europe’s leading industrial gas suppliers, serving both large industrial customers and small businesses. The company is heavily invested in sustainable CO₂ sourcing, particularly through carbon capture from industrial processes.

Sustainability Initiatives:

• Expansion of CO₂ recovery from fermentation processes

• Investment in CO₂ purification and liquefaction technologies

Download FREE Sample Report: Industrial Grade Carbon Dioxide Market – View in Detailed Research Report

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6️⃣ 5. Taiyo Nippon Sanso Corporation

Headquarters: Tokyo, Japan
Key Offering: High-purity CO₂, Medical CO₂, CO₂ mixtures

Taiyo Nippon Sanso operates across Asia, North America, and Europe, supplying CO₂ to electronics manufacturing, food processing, and healthcare sectors.

Sustainability Initiatives:

• Development of CO₂ recovery systems for steel plants

• Strategic acquisitions to expand CO₂ production capacity globally

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5️⃣ 6. SOL Group

Headquarters: Monza, Italy
Key Offering: Liquid carbon dioxide, Dry ice, CO₂ for water treatment

SOL Group specializes in technical gases and CO₂ applications, with a strong presence in European industrial markets and growing operations in emerging economies.

Sustainability Initiatives:

• Implementation of energy-efficient CO₂ production processes

• Carbon capture partnerships with cement and power generation industries

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4️⃣ 7. Matheson Tri-Gas

Headquarters: Basking Ridge, New Jersey, USA
Key Offering: Ultra-high purity CO₂, Specialty gas mixtures, CO₂ for semiconductor manufacturing

Matheson Tri-Gas provides high-purity CO₂ to demanding industrial applications, including electronics manufacturing and pharmaceutical production.

Sustainability Initiatives:

• Development of CO₂ purification technologies for specialty applications

• Expansion of CO₂ supply infrastructure in key industrial regions

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3️⃣ 8. Continental Carbonic Products

Headquarters: Decatur, Illinois, USA
Key Offering: Food-grade CO₂, Industrial CO₂, Dry ice production equipment

Continental Carbonic Products specializes in CO₂ production and distribution, serving food processing, water treatment, and industrial cleaning markets across North America.

Sustainability Initiatives:

• Implementation of CO₂ recovery from ethanol production

• Energy optimization in CO₂ liquefaction and storage operations

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2️⃣ 9. Air Water Inc.

Headquarters: Osaka, Japan
Key Offering: Industrial CO₂, Medical CO₂, CO₂ for welding applications

Air Water is one of Japan’s leading industrial gas suppliers, serving both domestic and international markets with reliable CO₂ supply chains and technical support services.

Sustainability Initiatives:

• Development of CO₂ utilization technologies for chemical synthesis

• Expansion of CO₂ production capacity in Southeast Asian markets

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1️⃣ 10. Hunan Kaimeite Gases

Headquarters: Changsha, China
Key Offering: Food-grade CO₂, Industrial CO₂, CO₂ for fire suppression systems

Hunan Kaimeite Gases is a significant player in China’s industrial gas market, supplying CO₂ to manufacturing, food processing, and environmental protection industries.

Sustainability Initiatives:

• Investment in CO₂ production from ammonia plants

• Partnerships with local industries for CO₂ capture and utilization projects

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

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🌍 Outlook: The Future of Industrial Grade Carbon Dioxide Is More Sustainable and Integrated

The industrial grade carbon dioxide market is undergoing a fundamental transformation. While conventional CO₂ sources continue to serve existing markets, the industry is increasingly focused on carbon capture and utilization, purification technologies, and integrated gas supply solutions.

📈 Key Trends Shaping the Market:

• Growing adoption of carbon capture technologies in heavy industries

• Regulatory support for CO₂ capture and utilization across multiple jurisdictions

• Digitalization of gas supply chains and carbon footprint tracking

• Industrial partnerships for developing circular carbon economies

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

The companies listed above are not only supplying critical industrial gases—they’re pioneering the transition toward carbon-neutral industrial operations.

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