An analysis by Triton Market Research has concluded that the European carbon dioxide market is expected to grow and extend at a CAGR of 2.75% and 2.38% in terms of revenue and volume, respectively, during the forthcoming period 2019-2028.
The countries evaluated in the Europe carbon dioxide market are:
• Italy
• The United Kingdom
• Germany
• Russia
• France
• Spain
• Rest of Europe
The economy in Germany is the fourth-largest by GDP across the world. With the increase in public consumption, there is growth in various sectors, including the automotive, pharmaceutical, energy & power, electronics and chemical industry, which is consequently adding value to the growth of the carbon dioxide market in the country in the coming years.
The extraction of oil and natural gas in Germany has slumped in recent times, which is expected to increase the dependency of the country on imported fossil fuels. The Federal Association of Natural Gas and Oil Germany determines that only 7% of its natural gas demand is covered with domestic production. Also, oil production has declined slightly. These factors are responsible for the growth of the carbon dioxide market in the country.
In France, the automotive industry is expected to display a slower growth rate due to lower investments and customer borrowing & expenditure. The increasing unemployment rate in the country is leading to the government announcement of jobs in small- and medium-level segments, intending to increase productivity. All these factors, coupled with the growing public investments, are aiding the regional market growth.
Linde AG is a company engaged in the engineering and gas business sectors. The company is involved in supplying medical gasses, specialty gasses, refrigerants, and industrial gasses. It sells its products under different brands, including Pan Gas, Afrox, AGA Medical, MOX, BOC, Life Gas, AGA and INO Therapeutics. The company has headquarters in Dublin, Ireland.
Some major companies in the carbon dioxide market are BOC, Linde, Air Products and Chemicals Inc, Airgas Inc, Air Liquide and Inox Air Products Pvt Ltd (Air Products and Chemicals Inc), Continental Carbonic Products Inc, Cosmo Engineering Co Ltd, Universal Industrial Gases Inc and Matheson Tri-Gas Inc.