$325.0m
$XX.Xm
390
7
$XX.Xm
Carbon dioxide (CO2) is a versatile gas used in a range of processes and applications that benefit from its reactivity, inertness and low temperature. CO2 can be produced as a high-pressure cylinder gas, a low-pressure refrigerated liquid or in a solid form as dry ice. Several of CO2's major uses are in food and beverage industries, wherein manufacturers can use the gas to carbonate soft drinks, decaffeinate coffee, freeze food products and maintain ideal atmospheric conditions in food packaging and during food transport. This means that developments in Australia's food and beverage sector can often influence the industry's performance, including its profit margins.
Industry revenue has declined at a CAGR of 3.1 % over the past five years, to reach an estimated $325.0m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Air Liquide Australia | 157.0 | |
BOC | 113.5 | |
Supagas | 17.0 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Food-grade carbon dioxide, Industrial-grade carbon dioxide and Laser-grade carbon dioxide. Food-grade carbon dioxide is the largest segment of the Carbon Dioxide Production in Australia.
Sustained demand for food and beverage products supports sales of food-grade carbon dioxide
Industry companies manufacture carbon dioxide (CO2) in compressed, liquid and solid form. Firms supply the CO2 to a diverse range of customers, including industrial, medical and specialised users. Companies that produce CO2 as a by-product of their production processes are not included in the industry.
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ANZSIC 1811 - Carbon Dioxide Production in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry consists of companies that recover and distributeCO2, either as a by-product or from naturally occurring CO2. Nonetheless, the issues surrounding CO2 as a greenh...
Learn about an industry's products and services, markets and trends in international trade.
CO2 can be produced through several means, but only industrial CO2 production is included in the industry. This involves obtaining CO2 through processes in Australia's petroc...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The industry's geographic spread matches that of Australia's Industrial Gas Manufacturing industry. This reflects the fact that industry manufacturers produce a range of indu...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Industry competition is often confined to small, regional markets in view of the significant costs involved in transporting CO2. The industry's largest participants are verti...
Learn about the performance of the top companies in the industry.
The Carbon Dioxide Production industry has few players, all of which also operate in the broader Industrial Gas Manufacturing industry. Smaller industry players often only op...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
As electricity is a key input in carbon dioxide production, changes in electricity service prices can significantly affect industry prices, production costs and profitability....
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The major players dominating the Carbon Dioxide Production industry are vertically integrated industrial gas companies that manufacture, distribute, wholesale and retail a ran...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Carbon Dioxide Production industry in Australia is $325.0m in 2024.
There are 7 businesses in the Carbon Dioxide Production industry in Australia, which has grown at a CAGR of 3.1 % between 2019 and 2024.
The market size of the Carbon Dioxide Production industry in Australia has been declining at a CAGR of 3.1 % between 2019 and 2024.
Over the next five years, the Carbon Dioxide Production industry in Australia is expected to grow.
The biggest companies operating in the Carbon Dioxide Production market in Australia are Air Liquide Australia, BOC and Supagas
Food-grade carbon dioxide and Industrial-grade carbon dioxide are part of the Carbon Dioxide Production industry.
The company holding the most market share in Australia is Air Liquide Australia.
The level of competition is high and increasing in the Carbon Dioxide Production industry in Australia.