MARKET OUTLOOK
The carbon dioxide market in Asia-Pacific will expand at a CAGR 3.33% and 2.99% in terms of revenue and volume, respectively, in the projected period 2019-2028.India, South Korea, ASEAN countries, China, Australia & New Zealand, Japan and Rest of APAC together form the Asia-Pacific’s carbon dioxide market.
Due to the multiple currency devaluations and the rising GDP rates in China, there has been a decline in the economy of the country in recent times. China is a leading crude oil importer in the world, and surpassed the US in 2017. It is among the top five producers in the production of oil. However, the country is aiming to clean up the environment, by reducing the primary reliance on coal. All these factors, coupled with ensuring energy security by growing oil & gas reserves, are major factors driving the import rate in China in the next few years. This, in turn, is aiding China’s carbon dioxide market growth.
The Chinese government is trying to improve domestic energy security by the growing domestic exploration and declining imports. Besides, the lack of infrastructure has restricted the progress on transitioning the application of coal to natural gas. Hence, the country, in its 13th Five Year Plan, has emphasized self-sufficiency and infrastructure construction within the oil and gas topics. The growing reforms associated with this initiative in the near future are likely to create new opportunities for local and foreign companies.
COMPETITIVE OUTLOOK
The major players in the carbon dioxide market are Continental Carbonic Products Inc, Cosmo Engineering Co Ltd, Universal Industrial Gases Inc, Linde and Airgas Inc.Table of Contents
1. Asia-Pacific Carbon Dioxide Market - Summary
2. Industry Outlook
3. Carbon Dioxide Market Outlook - by Source
4. Carbon Dioxide Market Outlook - by Application
5. Carbon Dioxide Market – Asia-Pacific
6. Competitive Landscape
7. Research Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Universal Industrial Gases Inc
- Linde
- Air Products and Chemicals Inc
- Inox Air Products Pvt Ltd (Air Products and Chemicals Inc)
- Airgas Inc
- Continental Carbonic Products Inc
- Matheson Tri-Gas Inc
- BOC
- Air Liquide
- Cosmo Engineering Co Ltd
Methodology
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