MarkNtel Advisors recently published a detailed industry analysis of the Global Carbon Dioxide Removal Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Carbon Dioxide Removal Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The Carbon Dioxide Removal Market size is valued at around USD 1.2 billion in 2024 and is estimated to grow at a CAGR of around 18.26% during the forecast period, i.e., 2023-28.

Key Findings in Global Carbon Dioxide Removal Market:

• Historical Analysis: 2018–2021
• Base Year: 2022
• Forecast Period: 2023–2028

Leading Market Players- Climeworks AG, Thermostat, Carbon Engineering Ltd., Mitsubishi Heavy Industries, Cella Mineral Storage, Arca Climate, Carbon Clean Solutions, Equinor, Carbofex Ltd., Carbon Cure Technologies Inc., Blue Planet System, Bessume Energy AB, and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Carbon Dioxide Removal industry?

Growing Corporate Sustainability Worldwide - Environmental concerns such as climate change, biodiversity loss, etc., owing to increasing greenhouse gas emissions from various industries such as automotive, power generation, and transportation, have been necessitating the adoption of sustainable solutions. Thus, global governments have started framing regulatory provisions to address these environmental challenges leading to augmented awareness about the importance of carbon mitigation among corporate players. Carbon-intensive companies such as electricity & heat, transportation, oil & gas, and others have started setting up ambitious goals, including targets for carbon neutrality or net-zero emissions. The role of carbon removal technologies to make a positive impact on the environment & meet carbon neutrality targets has been raising the popularity of such methods. For instance:

• In 2023, Apple Inc., announced its additional financial commitment of USD200 million to its carbon removal fund formed in 2021 to invest in projects that remove carbon from the atmosphere to meet its goal of removing about 1 million metric tons of carbon dioxide per year. 

Further, government support to companies in the form of subsidies, tax rebates, and other favorable policies to adopt sustainable practices combined with the role of carbon removal technologies in building long-term resilience would continue to create the demand for carbon dioxide removal solutions in the upcoming years.

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What segments define the Global Carbon Dioxide Removal Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

By Technology

• • Direct Air Capture (DAC)- Market Size & Forecast 2018-2028, USD Million
  • Biochar- Market Size & Forecast 2018-2028, USD Million
  • Enhanced Mineralization- Market Size & Forecast 2018-2028, USD Million
  • Ocean Alkalization- Market Size & Forecast 2018-2028, USD Million
  • Others (Solid Sorbent, etc.)- Market Size & Forecast 2018-2028, USD Million

According to report, Of these, the Direct Air Capture segment is witnessing a substantial increase in demand in the Global Carbon Dioxide Removal market.

By Application

• • Industrial- Market Size & Forecast 2018-2028, USD Million
    • Energy- Market Size & Forecast 2018-2028, USD Million
      • Power Generation- Market Size & Forecast 2018-2028, USD Million
      • Oil & Gas- Market Size & Forecast 2018-2028, USD Million
    • Manufacturing- Market Size & Forecast 2018-2028, USD Million
      • Heavy Industries (Steel, Cement, etc.)- Market Size & Forecast 2018-2028, USD Million
      • Chemicals- Market Size & Forecast 2018-2028, USD Million
      • Others (Food Processing, Pulp & Paper, etc.)- Market Size & Forecast 2018-2028, USD Million
    • Others (Waste Management, Mining, etc.)- Market Size & Forecast 2018-2028, USD Million
  • Transportation- Market Size & Forecast 2018-2028, USD Million
    • Aviation- Market Size & Forecast 2018-2028, USD Million
    • Shipping- Market Size & Forecast 2018-2028, USD Million
  • Buildings & Infrastructure- Market Size & Forecast 2018-2028, USD Million

Explore the Complete Global Carbon Dioxide Removal Market Analysis Report – https://www.marknteladvisors.com/research-library/carbon-dioxide-removal-market.html

Geographical Analysis: Global Carbon Dioxide Removal Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Carbon Dioxide Removal Market Recent Development:

• 2023: Climeworks signed a 13-year agreement with Partners Group Holding, a private equity firm, to capture & store more than 7,000 metric tons of CO2 from the atmosphere on behalf of Partners Group. It is part of Partners Group's plan to become carbon neutral by 2030.

• 2023: Global Thermostat unveiled the largest direct air capture unit in the US with a capacity of capturing over 1,000 tons of carbon per year in Commerce City, Colorado.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Carbon Dioxide Removal Market?
• How is the Global Carbon Dioxide Removal Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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