The Global Market for Carbon Dioxide (CO?) Utilization 2024-2045

January 2024 | 220 pages | ID: G839FE5A49A3EN
Future Markets, Inc.

Abstracts

There are a wide range of commercial opportunities in carbon dioxide (CO2) utilization, from aviation fuel to sportswear. This extensive report provides a detailed analysis of the growing global market for carbon utilization, forecasting growth in CO2 utilization across chemicals, fuels, polymers, building materials, agriculture and other sectors.

It assesses the addressable emissions sources by industry segment and competing carbon removal solutions while profiling key corporate players across the value chain spanning CO2 capture, CO2 conversion via thermochemical, electrochemical, catalytic and biological routes as well as mineralization concepts.

Multiple product opportunity areas are examined including synthetic hydrocarbon fuels and feedstocks, polycarbonates, polyols, industrial gases, enhanced oil recovery, yield boosting technologies, carbon nanomaterials and sustainable building products.

The report analyzes drivers, developments, investments, and challenges associated with transitioning CO2 into a viable renewable feedstock at scale. Regional market demand analysis covers North America, Europe, Asia Pacific, China and Rest of World geographies. Technology readiness and outlook is provided for different CO2 utilization pathways guiding research and adoption roadmaps. Report contents include:

• Carbon Capture, Utilization and Storage (CCUS) market overview across industrial sectors and competing removal solutions
• Global market forecasts for Carbon Utilization from 2022 to 2045 - volumes and revenues
• Analysis of CO2 conversion technologies - thermochemical, electrochemical, biological etc.
• Assessment of synthetic hydrocarbon fuels, chemicals, polymers and building materials made from captured CO2
• Analysis of CO2 reuse across agriculture, horticulture, enhanced oil recovery
• Emerging concepts around mineralization pathways for carbon removal
• Review of investments, policies, developments, partnerships, and funding
• Profiles of 80+ companies across the CCUS value chain (full list of companies profiled in table of contents)
• Evaluation of technology readiness, scalability challenges, projected adoption roadmaps
• Regional market demand analysis - North America, Europe, Asia Pacific, China, RoW

Contents

1 ABBREVIATIONS


2 RESEARCH METHODOLOGY


3 EXECUTIVE SUMMARY

3.1 Main sources of carbon dioxide emissions
3.2 CO2 as a commodity
3.3 Carbon Dioxide (CO2) as a renewable carbon feedstock
  3.3.1 Chemicals
  3.3.2 Fuels
  3.3.3 Polymers
  3.3.4 Construction materials
  3.3.5 Food and feed
  3.3.6 Consumer products
3.4 Meeting climate targets
3.5 Market drivers and trends
3.6 The current market and future outlook
3.7 Industry developments 2020-2024
3.8 Investments and funding
  3.8.1 Venture Capital Funding
    3.8.1.1 2010-2023
    3.8.1.2 Carbon utilization VC deals 2022-2023
3.9 Government CCUS initiatives
  3.9.1 North America
  3.9.2 Europe
  3.9.3 China
3.10 Market map
3.11 Commercial CCUS facilities and projects
  3.11.1 Facilities
    3.11.1.1 Operational
    3.11.1.2 Under development/construction
3.12 CCUS Value Chain
3.13 Carbon credits
3.14 CO? utilization forecast
  3.14.1 By market
  3.14.2 By revenues

4 CARBON UTILIZATION

4.1 Overview
  4.1.1 Current market status
  4.1.2 Production capacities
  4.1.3 Benefits of carbon utilization
  4.1.4 Market challenges
4.2 Co2 utilization pathways

5 TRANSFORMATION PROCESSES

5.1 Thermochemical
  5.1.1 Process overview
  5.1.2 Plasma-assisted CO2 conversion
5.2 Electrochemical conversion of CO2
  5.2.1 Process overview
5.3 Photocatalytic and photothermal catalytic conversion of CO2
5.4 Catalytic conversion of CO2
5.5 Biological conversion of CO2
5.6 Copolymerization of CO2
5.7 Mineral carbonation

6 CO2-DERIVED PRODUCTS

6.1 Fuels
  6.1.1 Overview
  6.1.2 Production routes
  6.1.3 Products & applications
    6.1.3.1 Ethanol
    6.1.3.2 Methanol
    6.1.3.3 Sustainable Aviation Fuel
    6.1.3.4 Methane
    6.1.3.5 Algae based biofuels
    6.1.3.6 CO?-fuels from solar
  6.1.4 Challenges
  6.1.5 SWOT analysis
  6.1.6 Companies
6.2 Chemicals, Plastics & Polymers
  6.2.1 Overview
  6.2.2 Scalability
  6.2.3 Products
    6.2.3.1 Urea production
    6.2.3.2 CO?-derived polymers
    6.2.3.3 Aromatic polycarbonate (PC)
    6.2.3.4 Aliphatic polycarbonate
    6.2.3.5 Polycarbonate polyols
    6.2.3.6 Polyhydroxyalkanoates (PHA)
    6.2.3.7 Inert gas in semiconductor manufacturing
    6.2.3.8 Carbon nanotubes
  6.2.4 SWOT analysis
  6.2.5 Companies
6.3 Construction materials
  6.3.1 Overview
  6.3.2 CCUS technologies in the cement industry
  6.3.3 Products
    6.3.3.1 Carbonated aggregates
    6.3.3.2 Additives during mixing
    6.3.3.3 Carbonates from natural minerals
    6.3.3.4 Carbonates from waste
  6.3.4 Concrete curing
  6.3.5 Costs
  6.3.6 Challenges
  6.3.7 SWOT analysis
  6.3.8 Companies
6.4 CO2 Utilization in Biological Yield-Boosting
  6.4.1 Overview
  6.4.2 Products & applications
    6.4.2.1 Greenhouses
    6.4.2.2 Algae cultivation
    6.4.2.3 Microbial conversion
    6.4.2.4 Food and feed production
  6.4.3 Challenges
  6.4.4 SWOT analysis
  6.4.5 Companies
6.5 CO? Utilization in Enhanced Oil Recovery
  6.5.1 Overview
    6.5.1.1 Process
    6.5.1.2 CO? sources
  6.5.2 CO?-EOR facilities and projects
  6.5.3 Challenges
  6.5.4 SWOT analysis
  6.5.5 Companies
6.6 Enhanced mineralization
  6.6.1 Advantages
  6.6.2 In situ and ex-situ mineralization
  6.6.3 Enhanced mineralization pathways
  6.6.4 Challenges

7 COMPANY PROFILES

7.1 Aether Diamonds
7.2 Aircela Inc
7.3 Air Company
7.4 Air Protein
7.5 Algal Bio Co., Ltd.
7.6 Algenol
7.7 Arborea
7.8 Arkeon Biotechnologies
7.9 Asahi Kasei
7.10 Avantium N.V.
7.11 Azolla
7.12 Blue Planet Systems Corporation
7.13 BluSky, Inc.
7.14 Brilliant Planet
7.15 C4X Technologies Inc.
7.16 C2CNT LLC
7.17 Cambridge Carbon Capture Ltd.
7.18 CarbiCrete
7.19 Carboclave
7.20 Carbo Culture
7.21 Carbon Corp
7.22 Carbonaide Oy
7.23 Carbonova
7.24 Carbon8 Systems
7.25 Carbon Blue
7.26 CarbonBuilt
7.27 CarbonCure Technologies Inc.
7.28 CarbonFree
7.29 Carbon Limit
7.30 Carbon Recycling International
7.31 Carbon Sink LLC
7.32 Carbon Upcycling Technologies
7.33 Celanese Corporation
7.34 CERT Systems, Inc.
7.35 Chiyoda Corporation
7.36 CleanO2
7.37 CO2 Gro, Inc.
7.38 Concrete4Change
7.39 Coval Energy B.V.
7.40 Covestro AG
7.41 CURE
7.42 Deep Branch Biotechnology
7.43 Dimensional Energy
7.44 ecoLocked GmbH
7.45 Electrochaea GmbH
7.46 Empower Materials, Inc.
7.47 enaDyne GmbH
7.48 Fairbrics
7.49 Fortera Corporation
7.50 GreenCap Solutions
7.51 Greenore
7.52 HYCO1, Inc.
7.53 1point8
7.54 LanzaJet
7.55 Lanzatech
7.56 Liquid Wind AB
7.57 Low Carbon Korea
7.58 Low Carbon Materials
7.59 Made of Air GmbH
7.60 Mars Materials
7.61 MCi Carbon
7.62 Mineral Carbonation International (MCi) Carbon
7.63 Neustark AG
7.64 Newlight Technologies LLC
7.65 Novo Nutrients
7.66 Oakbio
7.67 Obrist Group
7.68 O.C.O Technology
7.69 OxEon Energy, LLC
7.70 Oxylum
7.71 Paebbl AB
7.72 Phytonix Corporation
7.73 Prometheus Fuels, Inc.
7.74 Prometheus Materials
7.75 Seratech
7.76 SkyNano Technologies
7.77 Solar Foods Oy
7.78 Solidia Technologies
7.79 Synhelion
7.80 Tandem Technical
7.81 Twelve
7.82 UP Catalyst
7.83 ViridiCO2

8 REFERENCES

List Of Tables

LIST OF TABLES

Table 1. CO2 transformation and utilization market drivers and trends.
Table 2. Carbon utilization industry developments 2020-2024.
Table 3. Carbon utilization VC deals 2022-2023.
Table 4. Demonstration and commercial CCUS facilities in China.
Table 5. Global commercial CCUS facilities-in operation.
Table 6. Global commercial CCUS facilities-under development/construction.
Table 7. CO? utilization forecast by market (million metric tonnes), 2022-2045.
Table 8. CO? utilization forecast by market (billion USD), 2022-2045.
Table 9. Carbon utilization revenue forecast by product (US$).
Table 10. Production capacities for CO2 based products.
Table 11. CO2 utilization and removal pathways.
Table 12. Market challenges for CO2 utilization.
Table 13. Example CO2 utilization pathways.
Table 14. CO2 derived products via Thermochemical conversion-applications, advantages and disadvantages.
Table 15. CO2 derived products via electrochemical conversion-applications, advantages and disadvantages.
Table 16. CO2 derived products via biological conversion-applications, advantages and disadvantages.
Table 17. Companies developing and producing CO2-based polymers.
Table 18. Companies developing mineral carbonation technologies.
Table 19. Market overview for CO2 derived fuels.
Table 20. Microalgae products and prices.
Table 21. Main Solar-Driven CO2 Conversion Approaches.
Table 22. Companies in CO2-derived fuel products.
Table 23. Commodity chemicals and fuels manufactured from CO2.
Table 24. Companies in CO2-derived chemicals products.
Table 25. Carbon capture technologies and projects in the cement sector
Table 26. Market challenges for CO2 utilization in construction materials.
Table 27. Companies in CO2 derived building materials.
Table 28. Companies in CO2 Utilization in Biological Yield-Boosting.
Table 29. Applications of CCS in oil and gas production.
Table 30. CO?-EOR companies.
Table 31. CO2 EOR/Storage Challenges.

List Of Figures

LIST OF FIGURES

Figure 1. Carbon emissions by sector.
Figure 2. Overview of CCUS market
Figure 3. Pathways for CO2 use.
Figure 4. Regional capacity share 2022-2033.
Figure 5. Global investment in carbon capture 2010-2023, millions USD.
Figure 6. Carbon Capture, Utilization, & Storage (CCUS) Market Map.
Figure 7. CCS deployment projects, historical and to 2035.
Figure 8. Existing and planned CCS projects.
Figure 9. CCUS Value Chain.
Figure 10. CO? utilization forecast by market (million metric tonnes), 2022-2045.
Figure 11. CO? utilization forecast by market (billion USD), 2022-2045.
Figure 12. Carbon dioxide utilization and removal cycle.
Figure 13. CO2 non-conversion and conversion technology, advantages and disadvantages.
Figure 14. Applications for CO2.
Figure 15. Cost to capture one metric ton of carbon, by sector.
Figure 16. Life cycle of CO2-derived products and services.
Figure 17. Co2 utilization pathways and products.
Figure 18. Plasma technology configurations and their advantages and disadvantages for CO2 conversion.
Figure 19. Electrochemical CO? reduction products.
Figure 20. LanzaTech gas-fermentation process.
Figure 21. Schematic of biological CO2 conversion into e-fuels.
Figure 22. Econic catalyst systems.
Figure 23. Mineral carbonation processes.
Figure 24. Conversion route for CO2-derived fuels and chemical intermediates.
Figure 25. Conversion pathways for CO2-derived methane, methanol and diesel.
Figure 26. CO2 feedstock for the production of e-methanol.
Figure 27. Schematic illustration of (a) biophotosynthetic, (b) photothermal, (c) microbial-photoelectrochemical, (d) photosynthetic and photocatalytic (PS/PC), (e) photoelectrochemical (PEC), and (f) photovoltaic plus electrochemical (PV+EC) approaches for CO2 c
Figure 28. SWOT analysis: CO2 utilization in fuels.
Figure 29. Audi synthetic fuels.
Figure 30. Conversion of CO2 into chemicals and fuels via different pathways.
Figure 31. Conversion pathways for CO2-derived polymeric materials
Figure 32. SWOT analysis: CO2 utilization in chemicals, plastics & polymers.
Figure 33. Conversion pathway for CO2-derived building materials.
Figure 34. Schematic of CCUS in cement sector.
Figure 35. Carbon8 Systems’ ACT process.
Figure 36. CO2 utilization in the Carbon Cure process.
Figure 37. SWOT analysis: CO2 utilization in construction materials.
Figure 38. Algal cultivation in the desert.
Figure 39. Example pathways for products from cyanobacteria.
Figure 40. SWOT analysis: CO2 Utilization in Biological Yield-Boosting
Figure 41. Typical Flow Diagram for CO2 EOR.
Figure 42. Large CO2-EOR projects in different project stages by industry.
Figure 43. SWOT analysis: CO2 Utilization in EOR.
Figure 44. Carbon mineralization pathways.
Figure 45. CarbonCure Technology.
Figure 46. CRI process.
Figure 47. Colyser process.
Figure 48. Made of Air's HexChar panels.
Figure 49. Neustark modular plant.
Figure 50. O12 Reactor.
Figure 51. Sunglasses with lenses made from CO2-derived materials.
Figure 52. CO2 made car part.