Recycled Carbon Dioxide Industry - Regional Synopsis
On the basis of geographical analysis, the global recycled carbon dioxide market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America industry is likely to dominate majority revenue share by 2037, on the back of increasing government funding in order to test innovative concepts for beneficial use of carbon dioxide, and rising focus by governmental and non-governmental organizations on eliminating greenhouse emissions in the region. Along with these, growing research and development activities regarding the effective application of recycled CO2 for making products such as concrete, plastics and fuel for aircraft and automobiles. Moreover, the recycled carbon dioxide market in Europe is also projected to provide profitable opportunities by the end of 2030 attributing to the launch of new initiatives to realize the potential of recycled carbon dioxide for electricity storage in the region. For instance, as per the European Chemical Industry Council, AISBL, France, Germany, Netherlands and Cefic launched an initiative called PHOENIX, which is a collaborative effort aimed at helping Europe to reduce CO2 emissions by bringing together carbon recycling technology projects.
