Industry Analysis & Industry Trends
From 2009 to 2014, demand from markets vital to the Carbon Dioxide Production industry fizzled because of increased health concerns and shifting consumer preferences. Consequently, industry revenue is expected to decline marginally in the five years to 2014. IBISWorld projects a slight turnaround for the Carbon Dioxide Production industry over the five years to 2019, supported by an anticipated expansion in industrial production, rising demand from medical markets due to a progressively aging US population and increased domestic oil drilling activity propelled by persistently high global crude prices. However, a continuation of shifting consumer preferences away from carbonated soft drinks and frozen fruits and vegetables will temper industry expansion during this period.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Carbon Dioxide Production industry is in a mature life cycle stage. Its contribution to the US economy, measured by industry value added (IVA), is growing at a rate slower than that of GDP. Over the 10 years to 2019, IVA is projected to increase at an average annual rate of 2.2%, while US GDP is anticipated to grow at an annualized rate of 2.5%.
The industry's primary markets have not changed in the past five years, which is another hallmark of a mature industry. Operators continue to supply the food and beverage sector, the manufacturing and construction as well as the oil sectors. From 2009 through 2014, persistently high global crude prices have incentive US production of oil and gas, significantly boosting demand for carbon dioxide, which is used in enhanced oil recovery... purchase to read more