Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Recycled Carbon Dioxide Market size is likely to expand at significant growth rate during the forecast period i.e., between 2025-2037.
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.
