As a New Year gets underway and the global marketplace is as uncertain as ever, gasworld explores the carbon dioxide markets around the world with Advanced Cryogenics’ Sam A. Rushing.
Developed economies often represent mature carbon dioxide (CO2) markets. This would include North America, the UK, Western Europe, and Japan. Developed markets often follow growth of about 3% annually; this is typical of strong economic times. However, we are now in the midst of an economic downturn and this downturn may have a negative effect on the CO2 markets.
This 3% annual factor can sometimes be an average value, when considering a flat to 1% growth factor in the beverage industry, perhaps balanced by a higher growth segment via gas well stimulation, dry ice blast cleaning, and cryogenic freezing markets (for example) on the other extreme of this range.
Developing economies, sometimes representing less mature CO2 markets such as many Eastern European, Latin American, Asian, and African markets, are sometimes soft drink volume-driven.
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