Recycled Carbon Dioxide Market Size

Recycled Carbon Dioxide Market size is likely to expand at significant growth rate during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the growing need for the reduction of greenhouse effect across the world, and increasing government investments for sustainable development in several developed nations globally. According to the International Energy Agency, the total CO2 emissions in emerging and underdeveloped economies was 21.6 gigatons in 2018, which increased up to 22 gigatons in 2019. In addition to these, there is a high potential for recycling carbon dioxide into valuable fuels, chemicals and other materials, which is able to reduce carbon emissions significantly. This is a crucial factor projected to offer ample growth opportunities to the market in the near future. Furthermore, growing emphasis on capturing carbon dioxide released from coal power plants and oil facilities is also evaluated to drive recycled carbon dioxide market growth in the upcoming years.

Frequently Asked Questions (FAQ)

Recycled Carbon Dioxide Market size is likely to expand at significant growth rate during the forecast period i.e., between 2024-2036.

The market growth is driven by rising need to reduce greenhouse emissions globally and growing government emphasis on sustainable development.

North America is predicted to dominate majority revenue share by 2036, 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.

The major players in the market are CCm Technologies Limited, Blue Planet Environmental Solutions, Carbon Upcycling Technologies, Fores Media Ltd, Kiverdi, Inc., and others.

Recycled Carbon Dioxide Market Size