Industry Analysis & Industry Trends
The Carbon Dioxide Production industry has remained stable over the past five years. Low revenue volatility has been derived from its reliance on resilient downstream demand markets. The industry provides carbon dioxide to food and beverage manufacturers primarily due to its application as a food additive. The industry has maintained stable profit margins over the past five years due to households continuing to purchase goods. Low discretionary incomes resulted in purchases of inexpensive luxuries by consumers. The industry also faced supply shortages in 2011-12 due to two major plants temporarily closing down, with soft drink manufacturers finding it difficult to source carbon dioxide in some areas. As a result, the industry grew by a compound annual rate of 1.7%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry's four largest players account for just over 65% of industry revenue. While the industry's largest players are firmly established in their respective industries, IBISWorld expects industry concentration will rise in line with growth in mining and gas exploration.
Although the commodities boom is expected to slow, IBISWorld expects growth to continue. As a result, industry players will continue to pounce on projects in an effort to capture, refine and sell CO2. For instance in 2010, major player Air Liquide opened its CO2 recovery facility near Origin Energy's BassGas facility in southern Victoria. Both companies produce CO2, but where Origin produces CO2 as a by-product Air Liquide purchases the product and processes it to sell further downstream... purchase to read more