Global Direct Air Carbon Capture Technology market is anticipated to grow at a Subsequent CAGR during 2021-2026

The growing concerns about climate change and global warming are intensifying the interest toward direct air carbon capture technologies to curb the emissions level of carbon dioxide (CO2) sectors such as cement. The increasing efforts by the companies to cut carbon footprint, rise in global temperature to less than 1.5-2 degrees C along with deforestation and robust industrialization in the developing countries are the major factor for the growth of the market. Besides, a significant rise in the investment for research and development for direct air capture and burgeoning inclination toward low- or zero-carbon energy sources are projected to fuel the demand for DAC capture technology in the forecast period. However, the cost of technology is generally very high which is restraining the growth of the market.

Key questions answered in the study:
1. What are the current and future trends of the Direct Air Carbon Capture Technology industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Direct Air Carbon Capture Technology industry?
5. What is the customer orientation, purchase behavior, and expectations from the Direct Air Carbon Capture Technology firms across various regions?

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According to MarkNtel Advisors’ research report “Global Direct Air Carbon Capture Technology Market Analysis, 2021”, the Global Direct Air Carbon Capture Technology market is anticipated to grow at a subsequent CAGR during 2021-26. Based on the Application, Agriculture is expected to acquire a considerable market share by 2026. The demand for DAC capture technology is surging at an astronomical rate as agricultural farming emits around 25% to 35% of all CO2 into the atmosphere. The booming populace at an astronomical rate in thus, needs the better utilization of land for the production of food to feed. The technology is used to capture atmospheric carbon dioxide from agricultural soil and helps to restore soil health.

“Global Direct Air Carbon Capture Technology Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Direct Air Carbon Capture Technology providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

For detailed analysis, visit: https://www.marknteladvisors.com/research-library/global-direct-air-carbon-capture-technology-market.html

Europe Accounted for the Considerable Market Share

Europe accounted for the considerable market share in the Global Direct Air Carbon Capture Technology market in 2020. The paradigm shift of the countries toward renewable power generation is increasing at rapid rate, however fossil fuels are plays an important role in Europe region in the short and medium term. The fossil fuel combustion from power generate emit 30% CO2 at EU level. Moreover, process industries such as cement, aluminum, pulp and paper, are also emitting CO2 emissions. The direct air carbon capture technologies aims to capture around 85% - 90% of CO2 emissions from heavy industry and power plants. Introduction of various government policy to reduce GHG and ongoing construction of direct air capture facilities in Europe to capture CO2 to make methane fuel for trucks are expected to strongly contribute to the growth of the Direct Air Carbon Capture Technology Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Direct Air Carbon Capture Technology Market Analysis, 2021”.

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Direct Air Carbon Capture Technology market are BASF SE, JSP Corporation, Armacell International S.A., Dow Chemical Company, Borealis AG, Woodbridge Foam Partner, INEOS Styrenics, British Vita Foams Plc. etc.


Market Segmentation:
1. By Collectors (Less than 10 collectors, More than 10 collectors)
2. By Applications (Enhance oil recovery (EOR), Industrial, Agriculture, Others)
3. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
4. By Country (US, Canada, Mexico, Brazil, Argentina, The UK, Germany, France, Spain, Italy, India, Australia, China, Japan, South Korea, South Africa, UAE, Saudi Arabia),
5. By Company (BASF SE, JSP Corporation, Armacell International S.A., Dow Chemical Company, Borealis AG, Woodbridge Foam Partner, INEOS Styrenics, British Vita Foams Plc., etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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