February 17, 2023
By:EmpoweringCPO Insights Team

Carbon Dioxide

This research document provides an accurate and deep understanding of the Global Carbon Dioxide market. This report gives an overview of the existing and emerging uses of CO2, top vendors, recent developments in this industry, the impact of Covid-19 on the CO2 market, and many other details on this category. These vendors can be shortlisted for participating in the Strategic Sourcing process of your Projects based on the information shared.

Abstract

  • CO2 has uses in a broad range of applications across industries involving direct use of CO2 or use through conversion into other products
  • The global carbon dioxide market size was valued at USD 7.66 billion in 2019 and is expected to expand at a revenue-based CAGR of 3.4% till 2027
  • U.S. is the largest market for carbon dioxide-enhanced oil recovery and over 71 oil and gas projects use CO2 flooding as the cost of producing an extra barrel of oil is more profitable with it
  • Ethyl Alcohol Market is expected to grow at a CAGR of 7% between 2020-2024
  • The North American carbon dioxide market is anticipated to bloom at a CAGR of 2.89% and 2.51% in terms of revenue and volume, respectively, during 2019-2028
  • The growing demand for convenience beverages due to the rapidly changing lifestyles, such as rising sports activities, workaholic culture, and an increasing disposable income, is contributing to the growth of the carbon dioxide market in the US
  • The global food-grade gases market is estimated to be valued at USD 6.7 Bn in 2020 and is projected to reach USD 9.3 Bn by 2025, at a CAGR of 6.7% from 2020 to 2025
  • The Producer Price Index (PPI) has shown stability in the last year
  • The transportation of carbon dioxide in bulk entails high-scale maintenance, holding back growth aspects of the market which serves as a challenge for the Industry.
  • CO2-Production plants are based on the burning of diesel, natural gas, and/or kerosene; this controlled fuel combustion process generates flue gas with high CO2 content.
  • In May 2017, Praxair & Linde Group reached a deal on an all-share merger of equals valued at $75 billion.

Table of Content

Content Slide No
Executive Summary 3
Manufacturing Processes 4 – 10
End-Use 11
Global Market 12 – 13
North American Market 14
European Market 15 – 16
Recent Developments 17
Covid-19 Impact 18
Pricing 19
Supplier Landscape 20
Vendor Locations Worldwide 21
Industry Analysis 22
Next Steps 23
Disclaimer 24

If required EmpoweringCPO can support with additional information, next steps, and strategic sourcing processes with executing projects like Carbon Dioxide. Also, feel free to reach out to us if a similar report is required for any other category. We can help your organization with tools like Procurement Dashboard, Spend Analysis, Procurement Intelligence, and Procurement Consultancy.

EmpoweringCPO is a team of experienced sourcing and procurement professionals with hands on experience of having worked with many fortune 500 companies. The company was founded in 2011 and since then has executed multiple strategic sourcing projects and have achieved average savings of 10-12% so far. In addition to Strategic Sourcing their other offerings are Spend Analysis, Procurement Intelligence, Procurement Analytics, Best Cost Country Sourcing, Procurement Outsourcing, Built Operate Transfer, Supplier Diversity, Sustainable Procurement, Tail Spend Management, Item Master Optimization, Collective Buying, Compliance Tracking and Managed Procurement Services.

We Are Here To Help You.

Are you searching for proficient guidance for your business or your industry?

+91-987-956-4584

GET A CALL BACK

If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.

Frequently Asked Questions

These are quite recently the absolute most normal inquiries we get inquired.

At EmpoweringCPO, we’re not just a procurement service provider; we’re your strategic ally. With a suite of offerings—from strategic sourcing to procurement analytics—we prioritize your organization’s unique needs, ensuring every procurement decision is smart, strategic, and sustainable.

Your aspirations drive us. Each service, whether it’s spend analysis or supplier risk management, is molded to resonate with your specific goals. Our commitment is to provide bespoke solutions that align with your vision and challenges.

We share your commitment to a greener future. Our sustainable procurement practices ensure not just cost efficiency, but also ecological responsibility. Together, we’ll make choices that benefit your organization and our planet.

Knowledge is the compass for strategic procurement. Leveraging procurement analytics, intelligence, and custom dashboards, we bring clarity and foresight into your procurement processes. With us, you’re not just making decisions; you’re crafting a vision.

Diversity is strength. Our supplier diversity program is designed to widen your horizons, connecting you with a rich tapestry of suppliers from varied backgrounds. It’s about procuring with inclusivity and purpose.

Our name speaks for our mission – empowering Chief Procurement Officers and their teams. We stand out through our personalized solutions, industry insights, and a relentless pursuit to optimize your procurement, ensuring it adds value beyond savings.

From ambitious startups to global frontrunners, our clientele spans various industries. They all share a vision: procuring with purpose and efficiency. They choose us because we don’t just offer services; we craft bespoke procurement experiences.

Savings matter, but not at the expense of value. Our strategy is rooted in understanding the intricacies of your business. Through keen analysis and leveraging our vast industry know-how, we identify avenues for savings that elevate, not diminish, your procurement’s quality.

Your trust is sacred. We harness state-of-the-art security protocols to ensure that your data isn’t just safe; it’s treated with the reverence it deserves. With EmpoweringCPO, your data is in trusted hands.

Beginning with us is straightforward, but the impact is transformative. Reach out through our Contact page or at sales@empoweringcpo.com, and let’s pave a path to procurement excellence together.

Every saving forecasted should translate into reality. Our savings compliance tracking closely monitors and validates realized savings against projections, ensuring transparency, accountability, and confidence in your procurement strategies.

Absolutely. We believe in the unique potential of each organization. Share your aspirations, and we’ll craft a procurement narrative that’s exclusively yours, resonating with your goals and ethos.

We’re with you. Beyond strategies, we impart knowledge. Dive into our workshops and training modules designed to kindle the procurement genius within your team.

Data is a goldmine when understood. With our procurement analytics, we turn your raw data into actionable insights, highlighting opportunities for cost savings, efficiency improvements, and strategic decision-making.

In a global marketplace, knowing where to source is as crucial as what to source. Our best cost country sourcing identifies optimal sourcing locations based on quality, cost, and risk, ensuring your global operations remain competitive and resilient.

Uncertainties demand vigilance. Our supplier risk management actively monitors, evaluates, and strategizes against potential supplier risks. From geopolitical changes to supply chain disruptions, we help you stay a step ahead, ensuring continuity and stability.

An optimized item master is foundational for efficient inventory management. We refine and standardize your item data, leading to accurate tracking, reduced redundancies, and a smoother procurement lifecycle.

Procurement intelligence goes beyond traditional market research. It offers tailored insights specific to procurement activities—supplier landscapes, pricing models, and risk assessments. With EmpoweringCPO, you get actionable intelligence designed to optimize and elevate your procurement decisions.

Our custom dashboards and tools offer a holistic view of your procurement operations at a glance. By integrating real-time data, performance metrics, and analytical insights, they empower your team to make informed, agile decisions, driving efficiency and value.

Consider us an extension of your team. Our managed procurement service handles the intricacies of your procurement processes, from sourcing to payment. By leveraging our expertise, you gain the freedom to focus on core business functions while enjoying enhanced procurement efficiency.

Supplier diversity enriches your supply chain by integrating businesses from varied backgrounds, ensuring inclusivity. This not only promotes innovation and resilience but also positions your organization as a forward-thinking, socially-responsible entity.

Savings projected after strategic sourcing project should mirror savings achieved and reaslized. Our savings compliance tracking ensures this by validating and monitoring realized savings against set benchmarks and projected savings, infusing transparency and confidence into your cost-saving endeavors.

CONSULTING CAREERS WITH A DIFFERENCE

Hear from our people about why they enjoy
life at EmpoweringCPO.

Contact Us

You can reach us if you need a customized version of this report. We can also help you with category specific RFP template or with executing end to end Strategic Sourcing project.

Compliance Management Tool

Compliance management is very critical as otherwise the procurement organization may run into a scenario where there is a huge gap between realized savings and reported savings. Many procurement functions estimate large savings numbers when contracts are signed. They also invest significant time and effort in negotiating contracts for necessary goods and services, only to have a third or more of their purchasing dollars flow outside those deals. Some of the obvious fall-outs of non-compliance and maverick purchases are:

  • Very high prices
  • Risk of losing out on volume discounts and rebates

As compared to the current contract that was finalized after the sourcing process, the tool helps in tracking:

  • Vendor Compliance
  • Price Compliance

The objective of this tool is to ensure that the orders are placed only with the vendors that were shortlisted after the sourcing process and at the same price that was agreed upon and negotiated during and after the strategic sourcing process.

Request Tool Demo

Thank You For Contacting Us!

Form Submitted Successfully, Our Team Will Contact You Soon.