Middle East Carbon Dioxide Market Set to Surge to $2.29 Billion by 2034
The Middle East is witnessing a significant surge in demand for carbon dioxide, a trend fueled by rapid population growth, industrial expansion, and the region's heavy reliance on imported food and large-scale water desalination. According to Ranjith Nair, CEO of Gulf Cryo, the regional market is expected to grow by 5.6 percent annually, reaching a valuation of $2.29 billion by 2034. This rising need is largely supported by the food and beverage sector, which currently accounts for 41 percent of consumption, alongside critical applications in healthcare, industrial welding, and enhanced oil recovery processes.
To stay ahead of this growing requirement, Gulf Cryo is aggressively expanding its regional production capacity, aiming to reach 1,300 metric tonnes per day by the end of 2026. A major part of this strategy includes a significant investment in the UAE, where a new carbon capture facility in Abu Dhabi is set to bolster local supply and reduce dependency on cross-border imports. By securing domestic production hubs across the GCC and integrating carbon capture technologiesâaligned with regional net-zero ambitionsâthe industry is positioning itself to provide a stable, secure supply chain that can withstand seasonal fluctuations and global market volatility.