As per Inkwood Research, the Global Durable Carbon
Dioxide Removal (CDR) Demand Market is expected to grow at a CAGR of 11.47% in
terms of revenue over the forecasting period of 2030-2040.
“Browse 41 Market Data Tables and 45 Figures spread over
203 Pages, along with an in-depth TOC on the Global Durable Carbon Dioxide
Removal (CDR) Demand Market Forecast 2030-2040.”
Durable carbon dioxide removal (CDR) refers to techniques
that effectively capture and store CO₂ for extended periods, mitigating climate
change impacts.
These methods, including direct air capture and soil carbon
sequestration, are essential for achieving net-zero emissions goals. As the
urgency for climate action increases, robust CDR demand highlights the need for
innovative solutions to ensure sustainable carbon management.
Rising Government Initiatives to Elevate Durable CDR
Demand Market Growth
Rising government initiatives are significantly boosting the
durable carbon dioxide removal (CDR) demand market. Governments globally are
implementing policies that incentivize CDR technologies, including tax credits,
grants, and funding for research and development. These initiatives aim to
promote sustainable practices and achieve climate targets, thereby driving
investment in innovative solutions. Collaborative efforts between
the public and private sectors are enhancing the scalability and efficiency
of CDR methods, making them more accessible. As governments recognize the
critical role of CDR in combating climate change, the resulting support is
expected to propel market growth and create a more resilient and sustainable
future.
Mobility is Predicted to be the Prominent Sector over the
Forecast Period
The mobility sector, including automotive, transport, and
airlines, is increasingly prioritizing durable carbon dioxide removal (CDR)
technologies to achieve carbon neutrality. With the automotive sector
responsible for about 16% of global CO2 emissions and the overall
transportation sector contributing nearly 24%, integrating CDR methods like
direct air capture (DAC) and bioenergy combined with carbon capture and storage
(BECCS) is essential. The aviation industry, accounting for 2-3% of global
emissions, is also exploring CDR solutions alongside sustainable aviation fuels
(SAFs). By investing in CDR projects and collaborating with technology
providers, the mobility sector aims to develop scalable carbon removal
solutions.
Asia-Pacific: Substantial Region in the Durable CDR
Demand Market
The durable carbon dioxide removal (CDR) demand market in
the Asia-Pacific is expanding, fueled by numerous research institutions in
countries such as China, India, Japan, and South Korea dedicated to advancing
CO2 removal technologies. Furthermore, investments from chemical companies
aiming for carbon neutrality are propelling the region’s CDR market growth.
The global durable carbon dioxide removal (CDR) demand
market is characterized by intense industry rivalry as companies strive to
innovate and develop efficient CDR technologies to capture market share. This
competition is further fueled by escalating regulatory pressures and growing
investment from governments and private sectors, driving firms to enhance their
offerings and establish strategic partnerships. Some of the leading companies
operating in the market include Climeworks, Novocarbo GmbH, CarbiCrete,
Neustark AG, EBB Carbon, etc.
Related Reports:
CARBON DIOXIDE REMOVALS (CDR) MARKET
TRANSCRITICAL CO2 SYSTEMS MARKET
BIOREMEDIATION TECHNOLOGY AND SERVICES MARKET
About Inkwood Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, the Middle
East, Europe, Asia, and Africa.
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