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Singapore Carbon Dioxide Market

Singapore Carbon Dioxide Market Analysis Report 2025: Market to Grow by a CAGR of 4.4 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Singapore Carbon Dioxide Market by Source (Hydrogen, Ammonia, Natural Gas, Ethanol, Others), by form (Solid, Liquid, Gas), by End-use Industry (Food & Beverages, Oil & Gas, Medical, Metal Fabrication, Wastewater Treatment, Electronics, Chemicals, Others), by Forecast 2026-2034

Jun 2 2025

Base Year: 2025

180 Pages

Singapore Carbon Dioxide Market Analysis Report 2025: Market to Grow by a CAGR of 4.4 to 2033, Driven by Government Incentives, Popularity of Virtual Assistants, and Strategic Partnerships

Key Insights

The Singapore Carbon Dioxide Market size was valued at USD 98.6 USD Million in 2023 and is projected to reach USD 133.28 USD Million by 2032, exhibiting a CAGR of 4.4 % during the forecast period. The Singapore carbon dioxide market, today, is characterized by dynamic growth mainly due to the needs of the food and beer production industries, healthcare facilities, and manufacturing companies. These include such features as high purity, supply reliability, and efficient storage and transportation facilities backed up by reliable legislative requirements. Ranging from fizzing of drinks and preservation of food to anaesthetic in the medical field or in rust removal during welding or in recovering oil. Carbon dioxide according to the market comes in the state of gas, liquid and even solid state. CCS is better as it has become more efficient and environmentally friendly regarding the technological developments made in this area. It helps industry, product quality, medical requirements, and Singapore's climate measures due to dependable foundations and backing.

Singapore Carbon Dioxide Trends

Growing demand from the food and beverage industry: Carbon dioxide is widely used in carbonating soft drinks, beer, and other beverages.
Expanding electronics industry: Carbon dioxide is used in the manufacture of semiconductors and other electronic components.
Increasing adoption in oil and gas operations: Carbon dioxide is used for enhanced oil recovery (EOR) techniques.

Singapore Carbon Dioxide Market Market Size and Forecast (2024-2030) — Singapore Carbon Dioxide Market Company Market Share

Driving Forces: What's Propelling the Singapore Carbon Dioxide Market

Government regulations promoting carbon capture and utilization: Singapore has set ambitious targets for reducing carbon emissions, leading to increased investment in carbon capture technologies.
Rising awareness of the environmental benefits of carbon dioxide utilization: Carbon dioxide can be used as a feedstock for various industrial processes, reducing the dependence on fossil fuels.
Technological advancements in carbon dioxide capture and storage technologies: Innovations in carbon capture and storage (CCS) make it more feasible and cost-effective to capture and store carbon dioxide.

Challenges and Restraints in the Singapore Carbon Dioxide Market

High cost of carbon dioxide capture and storage: CCS technologies are still relatively expensive to implement.
Limited infrastructure for carbon dioxide transportation and storage: Singapore lacks sufficient infrastructure for transporting and storing large volumes of carbon dioxide.
Competition from other low-carbon fuels: Renewable energy sources and hydrogen are increasing as alternatives to carbon dioxide as a fuel or feedstock.

Emerging Trends in Singapore Carbon Dioxide

Use of carbon dioxide in concrete production: Carbon dioxide can be used as a substitute for cement in concrete, reducing the carbon footprint of the construction industry.
Development of carbon dioxide-based fuels: Research is underway to develop synthetic fuels and other energy carriers using carbon dioxide as a feedstock.
Integration of carbon dioxide capture with renewable energy sources: Carbon dioxide can be captured from bioenergy or geothermal power plants, offering a carbon-neutral solution for electricity generation.

Growth Catalysts in the Singapore Carbon Dioxide Industry

Government support for carbon dioxide utilization projects: The Singapore government provides funding and incentives for businesses investing in carbon dioxide utilization technologies.
Collaboration between industry and research institutions: Universities and research centres in Singapore are working with companies to develop innovative carbon dioxide utilization technologies.
Availability of skilled workforce: Singapore has a pool of skilled engineers and scientists with expertise in carbon dioxide capture and utilization.

Market Segmentation: Singapore Carbon Dioxide Analysis

Source:

Hydrogen
Ammonia
Natural Gas
Ethanol
Others

Form:

Solid
Liquid
Gas

End-use Industry:

Food & Beverages
Oil & Gas
Medical
Metal Fabrication
Wastewater Treatment
Electronics
Chemicals
Others

Leading Players in the Singapore Carbon Dioxide Market

Significant Developments in the Singapore Carbon Dioxide Sector

Recent Industry Developments:

August 2023: ACE GASES MARKETING SDN BHD. commenced the construction of its second liquid CO2 plant in Terengganu, Malaysia.
April 2023: Linde announced an agreement with ExxonMobil to transport 2.2 metric tons of carbon dioxide annually for permanent storage.
April 2022: ACE GASES MARKETING SDN BHD. secured a 10-year on-site industrial gases supply contract valued at approximately RM 180 million (USD 38 million).
March 2021: Air Liquide established a new site operations Integrated Packaged Gases (IPAG) Hub in Singapore.
2021: Iwatani Corporation doubled the liquefied carbon dioxide production capacity at the Chiba Plant.

Comprehensive Coverage Singapore Carbon Dioxide Market Report

This report offers a comprehensive and in-depth analysis of the dynamic Singapore carbon dioxide market, providing crucial insights for businesses and stakeholders navigating this evolving landscape. Our analysis goes beyond simple market sizing, delivering a nuanced understanding of the forces shaping its future.

Market Size and Growth Projections: We present meticulously researched data on current market size, along with robust forecasts detailing the projected growth trajectory, considering various economic and regulatory scenarios.
Key Market Drivers and Emerging Trends: We identify and analyze the primary factors driving market growth, including government policies, industrial demand, technological advancements, and emerging applications of CO2 in various sectors. This section highlights key trends shaping the future of the market.
Challenges and Growth Inhibitors: A realistic assessment of potential obstacles, such as price volatility, regulatory hurdles, and sustainability concerns, is provided, offering valuable insights for mitigating risks and capitalizing on opportunities.
Growth Catalysts and Innovative Developments: We explore promising growth avenues, including carbon capture, utilization, and storage (CCUS) technologies, advancements in CO2 transportation and infrastructure, and the increasing demand for CO2 in various industries like food and beverage, and enhanced oil recovery (EOR).
Market Segmentation and Competitive Analysis: The report provides a granular segmentation of the market based on key factors such as application, end-user industry, and geographical distribution. Furthermore, we offer a detailed competitive landscape analysis, profiling key players, their strategies, and market share.
Profiles of Leading Industry Players: We provide in-depth profiles of leading companies in the Singapore carbon dioxide market, examining their business models, competitive advantages, and future strategies. This analysis offers valuable insights into industry dynamics and competitive positioning.
Significant Developments and Industry-Shaping Insights: This report includes an analysis of recent significant developments, regulatory changes, and market events, providing strategic insights for decision-making and future planning. We offer actionable recommendations based on our comprehensive analysis.

Regional Insight

The Singapore carbon dioxide market is a part of the Southeast Asian carbon dioxide market, which is the largest regional market in Asia-Pacific. Singapore is a key market within the region due to its well-developed industrial sector and strong government support for carbon dioxide utilization.

Singapore Carbon Dioxide Market Market Share by Region - Global Geographic Distribution — Singapore Carbon Dioxide Market Regional Market Share

Consumer Side Analysis

The major consumers of carbon dioxide in Singapore are the food and beverage, oil and gas, and electronics industries. The food and beverage industry accounts for the largest share of demand, as carbon dioxide is essential for carbonating soft drinks and other beverages.

Demand Side Analysis

The demand for carbon dioxide in Singapore is expected to grow in the coming years, driven by the growing food and beverage industry, expanding electronics industry, and increasing adoption in oil and gas operations.

Import And Export Analysis

Singapore is a net importer of carbon dioxide, with the majority of imports coming from Malaysia and Indonesia. The country also exports carbon dioxide to neighbouring countries, such as Thailand and Vietnam.

Pricing Strategies

The pricing of carbon dioxide in Singapore is influenced by factors such as the cost of production, transportation, and storage, as well as demand and supply dynamics.

Segmentation

The Singapore carbon dioxide market is segmented based on source, form, end-use industry, and region. The source segment includes hydrogen, ammonia, natural gas, ethanol, and others. The form segment includes solid, liquid, and gas. The end-use industry segment includes food and beverages, oil and gas, medical, metal fabrication, wastewater treatment, electronics, chemicals, and others.

Geographic Coverage of Singapore Carbon Dioxide Market

Higher Coverage

Lower Coverage

No Coverage

Singapore Carbon Dioxide Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 4.4% from 2020-2034
Segmentation	By Source Hydrogen Ammonia Natural Gas Ethanol Others By form Solid Liquid Gas By End-use Industry Food & Beverages Oil & Gas Medical Metal Fabrication Wastewater Treatment Electronics Chemicals Others By Geography

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Rising Need For Carbon Dioxide in the Key Sectors is Expected to Accelerate Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. Regulatory Challenges May Hinder Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Growing Demand from the Food and Beverage Industry is Expected to Drive Market Growth
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Singapore Carbon Dioxide Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Source
  - 5.1.1. Hydrogen
  - 5.1.2. Ammonia
  - 5.1.3. Natural Gas
  - 5.1.4. Ethanol
  - 5.1.5. Others
- 5.2. Market Analysis, Insights and Forecast - by form
  - 5.2.1. Solid
  - 5.2.2. Liquid
  - 5.2.3. Gas
- 5.3. Market Analysis, Insights and Forecast - by End-use Industry
  - 5.3.1. Food & Beverages
  - 5.3.2. Oil & Gas
  - 5.3.3. Medical
  - 5.3.4. Metal Fabrication
  - 5.3.5. Wastewater Treatment
  - 5.3.6. Electronics
  - 5.3.7. Chemicals
  - 5.3.8. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1.
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 ACE GASES MARKETING SDN BHD. (Malaysia)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Air Liquide (France)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Air Products and Chemicals Inc. (U.S.)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Asia Industrial Gases Pte. Ltd. (Singapore)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Asia Technical Gas Co (Pte) Ltd. (ATG) (Singapore)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Chem-Gas Pte Ltd. (Singapore)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Iwatani Corporation (Singapore) Pte Ltd. (Singapore)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Linde plc (U.K.)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 NIPPON SANSO HOLDINGS CORPORATION (Japan)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 WKS Industrial Gas Pte Ltd. (Singapore)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: Singapore Carbon Dioxide Market Revenue Breakdown (USD Million, %) by Product 2025 & 2033
Figure 2: Singapore Carbon Dioxide Market Share (%) by Company 2025

List of Tables

Table 1: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by Source 2020 & 2033
Table 2: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by Source 2020 & 2033
Table 3: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by form 2020 & 2033
Table 4: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by form 2020 & 2033
Table 5: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by End-use Industry 2020 & 2033
Table 6: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by End-use Industry 2020 & 2033
Table 7: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by Region 2020 & 2033
Table 8: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by Region 2020 & 2033
Table 9: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by Source 2020 & 2033
Table 10: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by Source 2020 & 2033
Table 11: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by form 2020 & 2033
Table 12: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by form 2020 & 2033
Table 13: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by End-use Industry 2020 & 2033
Table 14: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by End-use Industry 2020 & 2033
Table 15: Singapore Carbon Dioxide Market Revenue USD Million Forecast, by Country 2020 & 2033
Table 16: Singapore Carbon Dioxide Market Volume Kiloton Forecast, by Country 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Singapore Carbon Dioxide Market?

The projected CAGR is approximately 4.4%.

2. Which companies are prominent players in the Singapore Carbon Dioxide Market?

Key companies in the market include ACE GASES MARKETING SDN BHD. (Malaysia), Air Liquide (France), Air Products and Chemicals, Inc. (U.S.), Asia Industrial Gases Pte. Ltd. (Singapore), Asia Technical Gas Co (Pte) Ltd. (ATG) (Singapore), Chem-Gas Pte Ltd. (Singapore), Iwatani Corporation (Singapore) Pte Ltd. (Singapore), Linde plc (U.K.), NIPPON SANSO HOLDINGS CORPORATION (Japan), WKS Industrial Gas Pte Ltd. (Singapore).

3. What are the main segments of the Singapore Carbon Dioxide Market?

The market segments include Source, form, End-use Industry.

4. Can you provide details about the market size?

The market size is estimated to be USD 98.6 USD Million as of 2022.

5. What are some drivers contributing to market growth?

Rising Need For Carbon Dioxide in the Key Sectors is Expected to Accelerate Market Growth.

6. What are the notable trends driving market growth?

Growing Demand from the Food and Beverage Industry is Expected to Drive Market Growth.

7. Are there any restraints impacting market growth?

Regulatory Challenges May Hinder Market Growth.

8. Can you provide examples of recent developments in the market?

August 2023 - ACE GASES MARKETING SDN BHD. commenced the construction of its second liquid CO2 plant in Terengganu, Malaysia, with an expected completion date in Q4 2023. The new facility will add a capacity of 70,000 tons per year, positioning the company as the largest LCO2 producer in Malaysia and aiding in its domestic market expansion.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Million and volume, measured in Kiloton.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Singapore Carbon Dioxide Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Singapore Carbon Dioxide Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Singapore Carbon Dioxide Market?

To stay informed about further developments, trends, and reports in the Singapore Carbon Dioxide Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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