170 likes | 181 Views
The global carbon dioxide removal market is expected to reach $2,083.4 million by 2031, Carbon dioxide removal industry growing at a CAGR of 18.2% during 2022-2031.<br>Read Report Overview: https://bisresearch.com/industry-report/carbon-dioxide-removal-market.html
E N D
Carbon Dioxide Removal Market – A Global and Regional Analysis Table Of Content Carbon Dioxide Removal Market Focus on Technology Type, Carbon Credit Buyer, and Region Analysis and Forecast: 2022-2031 March 2023 1 All rights reserved at BIS Research Inc.
BIS Research is a leading market intelligence and technology research company. BIS Research publishes in- depth market intelligence reports focusing on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services. Copyright © 2023 BIS Research Inc. Carbon Dioxide Removal Market All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing any or all contents of this document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third party. 2 All rights reserved at BIS Research Inc.
Table of Content Executive Summary .......................................................................... 16 Scope of the Study ........................................................................... 20 1 Markets ..................................................................................... 21 1.1 Trends: Current and Future ............................................................................ 22 1.1.1.1 Focus on Blue Carbon ....................................................................................... 22 1.1.1.2 Microalgae as a Significant Carbon Dioxide Removal Tool ............................... 22 1.2 Ecosystems/Ongoing Programs .................................................................... 23 1.2.1Consortiums and Associations .................................................................. 23 1.3 Business Dynamics ......................................................................................... 24 1.3.1Business Drivers ......................................................................................... 24 1.3.1.1 Favorable Government Policies Drive the Development of Carbon Dioxide Removal ............................................................................................................. 24 1.3.1.2 Introduction of Carbon Dioxide Removal (CDR) Launchpad ............................. 25 1.3.1.3 Investments and Collaborations Drive the Growth of Carbon Dioxide Removal ............................................................................................................. 26 1.3.2Business Challenges .................................................................................. 26 1.3.2.1 High Cost and Energy Usage Associated with Direct Air Capture (DAC) .......... 26 1.3.2.2 Lack of Proper Mechanism for Monitoring, Reporting, and Verification (MRV) ................................................................................................................ 27 1.3.3Business Strategies .................................................................................... 28 1.3.4Corporate Strategies ................................................................................... 29 1.3.5Business Opportunity ................................................................................. 34 1.3.5.1 Growing Demand for Carbon-Neutral Concrete ................................................ 34 Carbon Dioxide Removal Market 1.4 Start-Up Landscape ......................................................................................... 35 1.5 Comparative Analysis of CDR Technologies ................................................ 36 1.6 Related Market Snapshot: Carbon Capture Utilization and Storage (CCUS) .............................................................................................................. 37 2 Application ................................................................................ 38 3 All rights reserved at BIS Research Inc.
2.1 Carbon Dioxide Removal Market – Carbon Credit Buyers and Specifications .................................................................................................. 39 2.1.1Technology Sector ...................................................................................... 39 2.1.2Finance Sector ............................................................................................. 39 2.1.3Others ........................................................................................................... 40 2.2 Demand Analysis of Carbon Dioxide Removal Market (by Carbon Credit Buyer), Value and Volume Data .......................................................... 40 3 Products .................................................................................... 42 3.1 Carbon Dioxide Removal Market – Technology Types and Specifications .................................................................................................. 43 3.1.1Biochar ......................................................................................................... 43 3.1.2Direct Air Capture (DAC) ............................................................................. 43 3.1.3Enhanced/Carbon Mineralization ............................................................... 44 3.1.4Ocean Alkalinization ................................................................................... 44 3.1.5Others (BECCS and Microalgae) ................................................................ 45 3.2 Demand Analysis of Carbon Dioxide Removal Market (by Technology Type), Value and Volume Data ........................................................................ 46 3.3 3.3 Product Benchmarking: Growth Rate Product Benchmarking: Growth Rate – – Market Share Matrix Market Share Matrix .................... 47 3.4 Patent Analysis ................................................................................................ 47 3.4.1Patent Analysis (by Region) ....................................................................... 48 3.5 Global Pricing .................................................................................................. 49 4 Region ....................................................................................... 50 4.1 North America .................................................................................................. 53 4.1.1Market ........................................................................................................... 53 Carbon Dioxide Removal Market 4.1.1.1 Key Manufacturers/Suppliers in North America ................................................. 53 4.1.1.2 Business Challenges ......................................................................................... 53 4.1.1.3 Business Drivers ................................................................................................ 53 4.1.2Product ......................................................................................................... 54 4.1.3North America (by Country) ....................................................................... 55 4.1.3.1 U.S. .................................................................................................................... 55 4 All rights reserved at BIS Research Inc.
4.1.3.2 Key Manufacturers/Suppliers in the U.S. ........................................................... 55 4.1.3.3 Market ................................................................................................................ 55 4.1.3.4 Business Challenges ......................................................................................... 55 4.1.3.5 Business Drivers ................................................................................................ 55 4.1.3.6 Product .............................................................................................................. 56 4.1.3.7 Canada .............................................................................................................. 56 4.1.3.7.1Key Manufacturers/Suppliers in Canada ................................................................. 57 4.1.3.7.2Market ...................................................................................................................... 57 4.1.3.7.3Business Challenges ............................................................................................... 57 4.1.3.8 Business Drivers ................................................................................................ 57 4.1.3.9 Product .............................................................................................................. 57 4.2 Europe .............................................................................................................. 60 4.2.1Market ........................................................................................................... 60 4.2.1.1 Key Manufacturers/Suppliers in Europe ............................................................ 60 4.2.1.2 Business Challenges ......................................................................................... 60 4.2.1.3 Business Drivers ................................................................................................ 60 4.2.2Product ......................................................................................................... 61 4.2.3Europe (by Country) .................................................................................... 62 4.2.3.1 Norway ............................................................................................................... 62 4.2.3.1.1Market ...................................................................................................................... 62 4.2.3.1.1.1Key Manufacturers/Suppliers in Norway .......................................................... 62 4.2.3.1.1.2Business Challenges ........................................................................................ 62 4.2.3.1.1.3Business Drivers ............................................................................................... 62 Carbon Dioxide Removal Market 4.2.3.1.2Product ..................................................................................................................... 63 4.2.3.2 Germany ............................................................................................................ 63 4.2.3.2.1.1Key Manufacturers/Suppliers in Germany ........................................................ 63 4.2.3.2.1.2Business Challenges ........................................................................................ 64 4.2.3.2.1.3Business Drivers ............................................................................................... 64 4.2.3.2.2Product ..................................................................................................................... 64 5 All rights reserved at BIS Research Inc.
4.2.3.3 Italy .................................................................................................................... 65 4.2.3.3.1Market ...................................................................................................................... 65 4.2.3.3.1.1Key Manufacturers/Suppliers in Italy ................................................................ 65 4.2.3.3.1.2Business Challenges ........................................................................................ 65 4.2.3.3.1.3Business Drivers ............................................................................................... 65 4.2.3.3.2Product ..................................................................................................................... 66 4.2.3.4 Rest-of-Europe (RoE) ........................................................................................ 67 4.2.3.4.1Market ...................................................................................................................... 67 4.2.3.4.1.1Key Manufacturers/Suppliers in Rest-of-Europe .............................................. 67 4.2.3.4.1.2Business Challenges ........................................................................................ 67 4.2.3.4.1.3Business Drivers ............................................................................................... 67 4.2.3.4.2Product ..................................................................................................................... 68 4.3 Asia-Pacific ...................................................................................................... 70 4.3.1Market ........................................................................................................... 70 4.3.1.1 Key Manufacturers/Suppliers in Asia-Pacific ..................................................... 70 4.3.1.2 Business Challenges ......................................................................................... 70 4.3.1.3 Business Drivers ................................................................................................ 70 4.3.2Product ......................................................................................................... 70 4.3.3Asia-Pacific (by Country) ............................................................................ 71 4.3.3.1 Australia ............................................................................................................. 71 4.3.3.1.1Market ...................................................................................................................... 71 4.3.3.1.1.1Business Challenges ........................................................................................ 71 4.3.3.1.1.2Business Drivers ............................................................................................... 71 Carbon Dioxide Removal Market 4.3.3.1.2Product ..................................................................................................................... 72 4.3.3.2 Rest-of-Asia-Pacific ........................................................................................... 73 4.3.3.2.1Market ...................................................................................................................... 73 4.3.3.2.1.1Business Challenges ........................................................................................ 73 4.3.3.2.1.2Business Drivers ............................................................................................... 73 4.3.3.2.2Product ..................................................................................................................... 74 6 All rights reserved at BIS Research Inc.
4.4 Rest-of-the-World ............................................................................................ 76 4.4.1Market ........................................................................................................... 76 4.4.1.1 Key Manufacturers/Suppliers in Rest-of-the-World ........................................... 76 4.4.1.2 Business Challenges ......................................................................................... 76 4.4.1.3 Business Drivers ................................................................................................ 76 4.4.2Product ......................................................................................................... 77 5 Markets - Competitive Benchmarking & Company Profiles ......... 78 5.1 Competitive Benchmarking ............................................................................ 79 5.1.1Competitive Position Matrix ....................................................................... 79 5.1.2Product Matrix for Key Companies ............................................................ 80 5.1.3Market Share Analysis ................................................................................ 81 5.2 Company Profiles ............................................................................................ 82 5.2.1Climeworks .................................................................................................. 82 5.2.1.1 Company Overview ........................................................................................... 82 5.2.1.1.1Role of Climeworks in the Carbon Dioxide Removal Market ................................... 82 5.2.1.1.2Product Portfolio....................................................................................................... 82 5.2.1.2 Business Strategies ........................................................................................... 83 5.2.1.3 Corporate Strategies .......................................................................................... 83 5.2.1.4 Analyst View ...................................................................................................... 85 5.2.2Global Thermostat ....................................................................................... 86 5.2.2.1 Company Overview ........................................................................................... 86 5.2.2.1.1Role of Global Thermostat in the Carbon Dioxide Removal Market ........................ 86 5.2.2.1.2Product Portfolio....................................................................................................... 86 Carbon Dioxide Removal Market 5.2.2.2 Corporate Strategies .......................................................................................... 86 5.2.2.3 Analyst View ...................................................................................................... 87 5.2.3Carbon Engineering Ltd. ............................................................................. 88 5.2.3.1 Company Overview ........................................................................................... 88 5.2.3.2 Role of Carbon Engineering Ltd. in the Carbon Dioxide Removal Market ......... 88 5.2.3.2.1Product Portfolio....................................................................................................... 88 7 All rights reserved at BIS Research Inc.
5.2.3.3 Business Strategies ........................................................................................... 89 5.2.3.4 Corporate Strategies .......................................................................................... 89 5.2.3.5 Analyst View ...................................................................................................... 90 5.2.4Arca .............................................................................................................. 91 5.2.4.1 Company Overview ........................................................................................... 91 5.2.4.1.1Role of Arca in the Carbon Dioxide Removal Market .............................................. 91 5.2.4.1.2Product Portfolio....................................................................................................... 91 5.2.4.2 Analyst View ...................................................................................................... 91 5.2.5Cella Mineral Storage Inc. ........................................................................... 92 5.2.5.1 Company Overview ........................................................................................... 92 5.2.5.1.1Role of Cella Mineral Storage Inc. in the Carbon Dioxide Removal Market ............ 92 5.2.5.1.2Product Portfolio....................................................................................................... 92 5.2.5.2 Analyst View ...................................................................................................... 92 5.2.6Bussme Energy AB ..................................................................................... 93 5.2.6.1 Company Overview ........................................................................................... 93 5.2.6.1.1Role of Bussme Energy AB in the Carbon Dioxide Removal Market ...................... 93 5.2.6.1.2Product Portfolio....................................................................................................... 93 5.2.6.2 Analyst View ...................................................................................................... 94 5.2.7Carbofex Ltd. ............................................................................................... 95 5.2.7.1 Company Overview ........................................................................................... 95 5.2.7.1.1Role of Carbofex Ltd. in the Carbon Dioxide Removal Market ................................ 95 5.2.7.1.2Product Portfolio....................................................................................................... 95 5.2.7.2 Analyst View ...................................................................................................... 96 Carbon Dioxide Removal Market 5.2.8Oregon Biochar Solutions .......................................................................... 97 5.2.8.1 Company Overview ........................................................................................... 97 5.2.8.1.1Role of Oregon Biochar Solutions in the Carbon Dioxide Removal Market ............ 97 5.2.8.1.2Product Portfolio....................................................................................................... 97 5.2.8.2 Analyst View ...................................................................................................... 98 5.2.9Wakefield BioChar ....................................................................................... 99 8 All rights reserved at BIS Research Inc.
5.2.9.1 Company Overview ........................................................................................... 99 5.2.9.1.1Role of Wakefield BioChar in the Carbon Dioxide Removal Market ........................ 99 5.2.9.1.2Product Portfolio....................................................................................................... 99 5.2.9.2 Analyst View .................................................................................................... 100 5.2.10Novocarbo GmbH ...................................................................................... 101 5.2.10.1 Company Overview ......................................................................................... 101 5.2.10.1.1Role of Novocarbo GmBH in the Carbon Dioxide Removal Market ...................... 101 5.2.10.1.2Product Portfolio..................................................................................................... 101 5.2.10.2 Analyst View .................................................................................................... 101 5.2.11Carbicrete ................................................................................................... 102 5.2.11.1 Company Overview ......................................................................................... 102 5.2.11.1.1Role of Carbicrete in the Carbon Dioxide Removal Market ................................... 102 5.2.11.1.2Product Portfolio..................................................................................................... 102 5.2.11.2 Analyst View .................................................................................................... 102 5.2.12Neustark Ag ............................................................................................... 103 5.2.12.1 Company Overview ......................................................................................... 103 5.2.12.1.1Role of Neustark Ag in the Carbon Dioxide Removal Market ................................ 103 5.2.12.1.2Product Portfolio..................................................................................................... 103 5.2.12.2 Analyst View .................................................................................................... 103 5.2.13Ebb Carbon ................................................................................................ 104 5.2.13.1 Company Overview ......................................................................................... 104 5.2.13.1.1Role of Ebb Carbon in the Carbon Dioxide Removal Market ................................ 104 5.2.13.1.2Product Portfolio..................................................................................................... 104 Carbon Dioxide Removal Market 5.2.13.2 Analyst View .................................................................................................... 104 5.2.14CarbonCure Technologies Inc.................................................................. 105 5.2.14.1 Company Overview ......................................................................................... 105 5.2.14.1.1Role of CarbonCure Technologies Inc. in the Carbon Dioxide Removal Market ............................................................................................................................... 105 5.2.14.1.2Product Portfolio..................................................................................................... 105 9 All rights reserved at BIS Research Inc.
5.2.14.2 Corporate Strategies ........................................................................................ 105 5.2.14.3 Analyst View .................................................................................................... 106 5.2.15CarbonFree ................................................................................................ 107 5.2.15.1 Company Overview ......................................................................................... 107 5.2.15.1.1Role of CarbonFree in the Carbon Dioxide Removal Market ................................ 107 5.2.15.1.2Product Portfolio..................................................................................................... 107 5.2.15.2 Corporate Strategies ........................................................................................ 107 5.2.15.3 Analyst View .................................................................................................... 108 5.2.16Carbfix hf. ................................................................................................... 109 5.2.16.1 Company Overview ......................................................................................... 109 5.2.16.1.1Role of Carbfix hf. in the Carbon Dioxide Removal Market ................................... 109 5.2.16.1.2Product Portfolio..................................................................................................... 109 5.2.16.2 Corporate Strategies ........................................................................................ 110 5.2.16.3 Analyst View .................................................................................................... 110 5.2.17Blue Planet Systems ................................................................................. 111 5.2.17.1 Company Overview ......................................................................................... 111 5.2.17.1.1Role of Blue Planet Systems in the Carbon Dioxide Removal Market .................. 111 5.2.17.1.2Product Portfolio..................................................................................................... 111 5.2.17.2 Corporate Strategies ........................................................................................ 111 5.2.17.3 Analyst View .................................................................................................... 112 5.2.18Pacific Biochar Benefit Corporation ........................................................ 113 5.2.18.1 Company Overview ......................................................................................... 113 5.2.18.1.1Role of Pacific Biochar Benefit Corporation in the Carbon Dioxide Removal Market ................................................................................................................... 113 Carbon Dioxide Removal Market 5.2.18.1.2Product Portfolio..................................................................................................... 113 5.2.18.2 Business Strategies ......................................................................................... 114 5.2.18.3 Analyst View .................................................................................................... 114 5.2.19HEIMDAL .................................................................................................... 115 5.2.19.1 Company Overview ......................................................................................... 115 10 All rights reserved at BIS Research Inc.
5.2.19.1.1Role of HEIMDAL in the Carbon Dioxide Removal Market ................................... 115 5.2.19.1.2Product Portfolio..................................................................................................... 115 5.2.19.2 Analyst View .................................................................................................... 115 5.2.20Charm Industrial ........................................................................................ 116 5.2.20.1 Company Overview ......................................................................................... 116 5.2.20.1.1Role of Charm Industrial in the Carbon Dioxide Removal Market ......................... 116 5.2.20.1.2Product Portfolio..................................................................................................... 116 5.2.20.2 Business Strategies ......................................................................................... 116 5.2.20.3 Corporate Strategies ........................................................................................ 117 5.2.20.4 Analyst View .................................................................................................... 117 6 Research Methodology ............................................................ 118 6.1 Primary Data Sources ................................................................................... 118 6.2 Secondary Data Sources .............................................................................. 118 6.3 Top-Down and Bottom-Up Approach ........................................................... 119 6.4 Assumptions and Limitations ....................................................................... 122 Carbon Dioxide Removal Market 11 All rights reserved at BIS Research Inc.
List of Figures Figure 1: Global Carbon Removal Market Snapshot, $Million, 2021, 2022, and 2031 Figure 2: Global Carbon Removal Market (by Carbon Credit Buyer), $Million, 2021 and 2031 Figure 3: Global Carbon Dioxide Removal Market (by Technology Type), $Million, 2021 and 2031 Figure 4: Global Carbon Dioxide Removal Market (by Region), $Million, 2021 and 2031 Figure 5: Global Carbon Dioxide Removal Market Coverage Figure 6: Global Carbon Capture Utilization and Storage Market, $Million, 2021, 2022, and 2031 Figure 7: Year-Wise Patents Filed for Direct Air Capture, January 2019-December 2022 Figure 8: Year-Wise Patents Filed for Other Technology (Biochar and Carbon Mineralization), January 2019-December 2022 Figure 9: Patent Analysis (by Region), January 2019-December 2022 Figure 10: Research Methodology Figure 11: Top-Down and Bottom-Up Approach Figure 12: Influencing Factors of the Carbon Dioxide Removal Market Figure 13: Assumptions and Limitations Carbon Dioxide Removal Market 12 All rights reserved at BIS Research Inc.
List of Tables Table 1: List of Key Start-Ups in the Ecosystem Table 2: Global Carbon Dioxide Removal Market (by Carbon Credit Buyer), $Million, 2021- 2031 Table 3: Global Carbon Dioxide Removal Market (by Carbon Credit Buyer), Tons, 2021-2031 Table 4: Global Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 5: Global Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 6: Global Projection of Cost of CDR Technology, $/Ton, 2021-2031 Table 7: Global Carbon Dioxide Removal Market (by Region), $Million, 2021-2031 Table 8: Global Carbon Dioxide Removal Market (by Region), Thousand Tons, 2021-2031 Table 9: North America Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 10: North America Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 11: U.S. Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 12: U.S. Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021- 2031 Table 13: Canada Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 14: Canada Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 15: Europe Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 16: Europe Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 17: Norway Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 18: Carbon Dioxide Removal Market Norway Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 19: Germany Carbon Dioxide Removal Market (by Technology Type), $Million, 2021- 2031 Table 20: Germany Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 21: Italy Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 13 All rights reserved at BIS Research Inc.
Table 22: Italy Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021- 2031 Table 23: Rest-of-Europe Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 24: Rest-of-Europe Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 25: Asia-Pacific Carbon Dioxide Removal Market (by Technology Type), $Million, 2021- 2031 Table 26: Asia-Pacific Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 27: Australia Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 28: Australia Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 29: Rest-of-Asia-Pacific Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 30: Rest-of-Asia-Pacific Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 31: Rest-of-the-World Carbon Dioxide Removal Market (by Technology Type), $Million, 2021-2031 Table 32: Rest-of-the-World Carbon Dioxide Removal Market (by Technology Type), Thousand Tons, 2021-2031 Table 33: Product Matrix for Key Companies Carbon Dioxide Removal Market 14 All rights reserved at BIS Research Inc.
BIS Research Offerings: We are on a mission to harness the potential of disruptive technologies to make businesses thrive in today’s digital age. We have the vision to be a leading and preferred knowledge partner for corporates and institutions worldwide and assist them with market intelligence in the area of emerging technologies, advisories, and other innovative solutions. Know More Know More Know More Carbon Dioxide Removal Market Know More 15 All rights reserved at BIS Research Inc.
Disclaimer BIS Research Inc. provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed, published or reproduced, in whole or in part, by any medium or in any form for any purpose, without the express written consent of BIS Research Inc. Customer will not disclose the contents of the report, whether directly in any media or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of information to generate any statistical or other information that is or will be provided to third parties; or voluntarily produce Information in legal proceedings. Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or businesses. The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research Inc. as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies. For more details regarding permission, please contact us: Email: sales@bisresearch.com Tel: +1 510 404 8135 Carbon Dioxide Removal Market 16 All rights reserved at BIS Research Inc.
BIS RESEARCH INC. 39111 Paseo Padre PKWY, Suite 313 Fremont, CA 94538 -1686 E-mail: hello@bisresearch.com | Call Us: +1-510-404-8135 Carbon Dioxide Removal Market Global Delivery Center Tower B First Floor, Tapasya Corporate Heights, Greater Noida Expressway, Sector 126, Noida, U.P., 201303, India Tel: +91 120 4261540 / 4261544 17 www.bisresearch.com All rights reserved at BIS Research Inc.