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Report
North America Durable Carbon Dioxide Removal (Cdr) Demand Market Forecast 2030-2040
Market Report I 2024-10-12 I 154 Pages I Inkwood Research
KEY FINDINGS
The North America durable carbon dioxide removal (CDR) demand market is projected to grow at a CAGR of 10.66% from 2030 to 2040, reaching $15165.38 million by 2040. In terms of volume, the market is expected to grow with a CAGR of 11.81%, reaching 77.17 million tons by 2040.
MARKET INSIGHTS
The region's market growth is accredited to the growing focus on addressing residual CO2 emissions and meeting carbon reduction targets. The rising demand for durable CDR solutions, supported by advancements in CDR technologies and increasing regulatory and market pressures, is set to drive the market forward. By the end of the forecast period, the market is poised to play a significant role in North America's transition toward a more sustainable and low-carbon economy.
REGIONAL ANALYSIS
The North America durable carbon dioxide removal (CDR) demand market growth evaluation comprises a detailed evaluation of the United States and Canada. The carbon removal dioxide (CDR) landscape in the region includes a variety of approaches. These range from direct air capture technologies, such as direct air carbon capture and storage (DACCS), to natural and engineered solutions like biomass with carbon removal and storage (BiCRS). Each of these CDR solutions contributes to the region's broader carbon reduction strategies, with growing participation in both voluntary and non-voluntary carbon markets.
The manufacturing and technology sectors in North America are key drivers of the demand for carbon reduction. These industries are increasingly incorporating durable CDR methods into their operations to mitigate emissions and align with sustainability goals. Additionally, the integration of negative emissions technologies (NETs), such as direct air capture and advanced hardware solutions, is contributing to the expanding market for durable carbon removal supply and demand. This sector also sees growing interest in purchasing durable CDR credits to offset emissions and meet regulatory requirements.
The growth of the durable carbon dioxide removal (CDR) demand market in North America is supported by increasing investments and advancements in CDR technologies. However, challenges remain, such as the high costs of implementing some durable CDR methods and the need for further development in carbon removal and storage methodologies to ensure efficient and scalable solutions.
SEGMENTATION ANALYSIS
The North America durable carbon dioxide removal (CDR) demand market is segmented into sectors, which are further sub-categorized into consumer, industrial, mobility, manufacturing/technology and hardware, services, energy, digital, and healthcare.
The consumer sector's demand for durable carbon dioxide removal (CDR) is primarily driven by businesses and individuals seeking to offset emissions linked to everyday activities and products. Companies, particularly in retail, technology, and hospitality, are incorporating CDR solutions into their sustainability strategies to meet corporate social responsibility goals and comply with environmental regulations. Individual consumers also contribute through carbon offset programs and eco-friendly products marketed as carbon-neutral. This sector's engagement supports long-term carbon removal projects, such as afforestation and direct air capture.
COMPETITIVE INSIGHTS
Key players operating in the North America durable carbon dioxide removal (CDR) demand market include Carbon Engineering Ltd, ARCA, Cella Mineral Storage Inc, etc.
Carbon Engineering Ltd is a leading North American company specializing in direct air capture (DAC) technology for carbon dioxide removal. The company's activities include developing, manufacturing, and operating DAC systems designed for large-scale carbon capture. Carbon Engineering's solutions integrate captured CO2 into enhanced oil recovery (EOR) processes and synthetic fuel production, supporting a range of industries such as energy, transportation, and manufacturing.
The company's operations extend across North America and beyond, with facilities and partnerships aimed at advancing carbon capture technology globally. Carbon Engineering Ltd is headquartered in Squamish, British Columbia, Canada, and has additional facilities in the United States.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. MAJOR MARKET FINDINGS
2.4.1. DIRECT AIR CAPTURE (DAC) IS DEVELOPING AS A METHOD FOR CO2 REMOVAL
2.4.2. CONSUMER SECTOR REPRESENTS THE LARGEST SOURCE OF REVENUE GENERATION FOR CDR DEMAND
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. INCREASED GOVERNMENT INITIATIVES AIMED AT REDUCING CO2 EMISSIONS
3.1.2. RISING INVESTMENT AND FUNDING IN THE CARBON DIOXIDE REMOVAL (CDR) INDUSTRY
3.1.3. INCREASING FOCUS ON ADDRESSING CLIMATE CHANGE
3.2. KEY RESTRAINTS
3.2.1. INSUFFICIENT MECHANISMS FOR MONITORING, REPORTING, AND VERIFICATION (MRV)
3.2.2. HIGH COSTS AND ENVIRONMENTAL CONCERNS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. INCREASING USE OF BLUE CARBON AND MICROALGAE IN CARBON DIOXIDE REMOVAL (CDR)
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.3.1. GROWTH PROSPECT MAPPING FOR NORTH AMERICA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. R&D
4.6.2. TECHNOLOGY AND EQUIPMENT MANUFACTURING
4.6.3. DEPLOYMENT AND OPERATIONS
4.6.4. MONITORING, REPORTING, AND VERIFICATION (MRV)
4.7. KEY BUYING CRITERIA
4.7.1. COST-EFFECTIVENESS
4.7.2. TECHNOLOGICAL EFFICIENCY
4.7.3. REGULATORY COMPLIANCE
4.7.4. ENVIRONMENTAL IMPACT
5. MARKET BY SECTOR (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: MILLION TONS)
5.1.1. CONSUMER
5.1.2. INDUSTRIAL
5.1.3. MOBILITY
5.1.4. MANUFACTURING/TECHNOLOGY AND HARDWARE
5.1.5. SERVICES
5.1.6. ENERGY
5.1.7. DIGITAL
5.1.8. HEALTHCARE
6. GEOGRAPHICAL ANALYSIS (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: MILLION TONS)
6.1. NORTH AMERICA
6.1.1. MARKET SIZE & ESTIMATES
6.1.2. NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET DRIVERS
6.1.3. NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET CHALLENGES
6.1.4. NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET REGULATORY FRAMEWORK
6.1.5. KEY PLAYERS IN NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET
6.1.6. COUNTRY ANALYSIS
6.1.6.1. UNITED STATES
6.1.6.1.1. UNITED STATES DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
6.1.6.2. CANADA
6.1.6.2.1. CANADA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
7. COMPETITIVE LANDSCAPE
7.1. KEY STRATEGIC DEVELOPMENTS
7.1.1. MERGERS & ACQUISITIONS
7.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
7.1.3. PARTNERSHIPS & AGREEMENTS
7.1.4. BUSINESS EXPANSIONS & DIVESTITURES
7.2. COMPANY PROFILES
7.2.1. CLIMEWORKS
7.2.1.1. COMPANY OVERVIEW
7.2.1.2. PRODUCT LIST
7.2.1.3. STRENGTHS & CHALLENGES
7.2.2. NOVOCARBO GMBH
7.2.2.1. COMPANY OVERVIEW
7.2.2.2. PRODUCT LIST
7.2.2.3. STRENGTHS & CHALLENGES
7.2.3. CARBICRETE
7.2.3.1. COMPANY OVERVIEW
7.2.3.2. PRODUCTS LIST
7.2.3.3. STRENGTHS & CHALLENGES
7.2.4. NEUSTARK AG
7.2.4.1. COMPANY OVERVIEW
7.2.4.2. PRODUCT LIST
7.2.4.3. STRENGTHS & CHALLENGES
7.2.5. EBB CARBON
7.2.5.1. COMPANY OVERVIEW
7.2.5.2. PRODUCT LIST
7.2.5.3. STRENGTHS & CHALLENGES
7.2.6. CARBONCURE TECHNOLOGIES INC
7.2.6.1. COMPANY OVERVIEW
7.2.6.2. PRODUCT LIST
7.2.6.3. STRENGTHS & CHALLENGES
7.2.7. NORTH AMERICA THERMOSTAT
7.2.7.1. COMPANY OVERVIEW
7.2.7.2. PRODUCT LIST
7.2.7.3. STRENGTHS & CHALLENGES
7.2.8. CARBON ENGINEERING LTD
7.2.8.1. COMPANY OVERVIEW
7.2.8.2. PRODUCT LIST
7.2.8.3. STRENGTHS & CHALLENGES
7.2.9. ARCA
7.2.9.1. COMPANY OVERVIEW
7.2.9.2. PRODUCT LIST
7.2.9.3. STRENGTHS & CHALLENGES
7.2.10. CELLA MINERAL STORAGE INC
7.2.10.1. COMPANY OVERVIEW
7.2.10.2. PRODUCT LIST
7.2.10.3. STRENGTHS & CHALLENGES
7.2.11. BUSSME ENERGY AB
7.2.11.1. COMPANY OVERVIEW
7.2.11.2. PRODUCT LIST
7.2.11.3. STRENGTHS & CHALLENGES
7.2.12. CARBOFEX LTD
7.2.12.1. COMPANY OVERVIEW
7.2.12.2. PRODUCTS LIST
7.2.12.3. STRENGTHS & CHALLENGES
7.2.13. OREGON BIOCHAR SOLUTIONS
7.2.13.1. COMPANY OVERVIEW
7.2.13.2. PRODUCT LIST
7.2.13.3. STRENGTHS & CHALLENGES
7.2.14. WAKEFIELD BIOCHAR
7.2.14.1. COMPANY OVERVIEW
7.2.14.2. PRODUCTS LIST
7.2.14.3. STRENGTHS & CHALLENGES
7.2.15. CARBONFREE
7.2.15.1. COMPANY OVERVIEW
7.2.15.2. PRODUCTS LIST
7.2.15.3. STRENGTHS & CHALLENGES
7.2.16. CARBFIX HF
7.2.16.1. COMPANY OVERVIEW
7.2.16.2. PRODUCT LIST
7.2.16.3. STRENGTHS & CHALLENGES
7.2.17. HEIMDAL
7.2.17.1. COMPANY OVERVIEW
7.2.17.2. PRODUCTS LIST
7.2.17.3. STRENGTHS & CHALLENGES
7.2.18. BLUE PLANET SYSTEMS
7.2.18.1. COMPANY OVERVIEW
7.2.18.2. PRODUCT LIST
7.2.18.3. STRENGTHS & CHALLENGES
7.2.19. PACIFIC BIOCHAR BENEFIT
7.2.19.1. COMPANY OVERVIEW
7.2.19.2. PRODUCT LIST
7.2.19.3. STRENGTHS & CHALLENGES
7.2.20. CHARM INDUSTRIAL
7.2.20.1. COMPANY OVERVIEW
7.2.20.2. PRODUCT LIST
7.2.20.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND
TABLE 2: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY SECTOR, 2030-2040 (IN $ MILLION)
TABLE 3: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY SECTOR, 2030-2040 (IN MILLION TONS)
TABLE 4: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY COUNTRY, 2030-2040 (IN $ MILLION)
TABLE 5: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY COUNTRY, 2030-2040 (IN MILLION TONS)
TABLE 6: KEY PLAYERS OPERATING IN NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET
TABLE 7: REGULATORY FRAMEWORK FOR NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET
TABLE 8: LIST OF MERGERS & ACQUISITIONS
TABLE 9: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 10: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 11: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR NORTH AMERICA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, GROWTH POTENTIAL, BY SECTOR, IN 2030
FIGURE 9: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY CONSUMER, 2030-2040 (IN $ MILLION)
FIGURE 10: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY INDUSTRIAL, 2030-2040 (IN $ MILLION)
FIGURE 11: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY MOBILITY, 2030-2040 (IN $ MILLION)
FIGURE 12: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY MANUFACTURING/TECHNOLOGY AND HARDWARE, 2030-2040 (IN $ MILLION)
FIGURE 13: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY SERVICES, 2030-2040 (IN $ MILLION)
FIGURE 14: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY ENERGY, 2030-2040 (IN $ MILLION)
FIGURE 15: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY DIGITAL, 2030-2040 (IN $ MILLION)
FIGURE 16: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY HEALTHCARE, 2030-2040 (IN $ MILLION)
FIGURE 17: NORTH AMERICA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, COUNTRY OUTLOOK, 2030 & 2040 (IN %)
FIGURE 18: UNITED STATES DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 19: CANADA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
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