Asia-pacific Durable Carbon Dioxide Removal (Cdr) Demand Market Forecast 2030-2040

The Asia-Pacific durable carbon dioxide removal (CDR) demand market is estimated to grow at a CAGR of 12.59% during the forecast period from 2030 to 2040, reaching $13280.89 million by 2040. In terms of volume, the market is predicted to record a CAGR of 13.76%, reaching 68.16 million tons by 2040.

MARKET INSIGHTS

The region's market growth is primarily fueled by the increasing focus on mitigating climate change and reducing residual CO2 emissions. Aligning with this, the rising demand for durable CDR solutions is largely attributed to the Asia-Pacific region's commitment to carbon reduction targets and sustainable development. Governments, corporations, and industries are also investing in CDR technologies that offer long-term, scalable solutions for carbon removal and storage, further accelerating market growth.

REGIONAL ANALYSIS

The Asia-Pacific durable carbon dioxide removal (CDR) demand market growth evaluation includes an in-depth assessment of China, Japan, South Korea, Malaysia, Indonesia, Vietnam, India, Australia & New Zealand, and Rest of Asia-Pacific. One of the key drivers of the market expansion in the Asia-Pacific is the increased government initiatives aimed at reducing CO2 emissions. Many Asia-Pacific countries are adopting policies to promote negative emissions technologies (NETs) and advance the development of durable CDR methods. These include investments in direct air carbon capture and storage (DACCS) and biomass with carbon removal and storage (BiCRS), both critical for capturing and sequestering CO2 emissions from the atmosphere.

In China, the durable carbon dioxide removal (CDR) market is experiencing robust growth due to the country's aggressive carbon neutrality targets and support for innovative climate technologies. The government has initiated various policies and incentives to encourage CDR deployment, integrating it into national carbon reduction strategies. With China's heavy industrial base, there is a growing focus on scaling up CDR technologies such as direct air capture (DAC) and biochar production to offset emissions from hard-to-abate sectors. Additionally, partnerships with global and local companies are fostering technological advancements and expanding CDR infrastructure, making it a key component of China's long-term sustainability plans.

However, the market's growth is limited by insufficient mechanisms for monitoring, reporting, and verification (MRV). The absence of reliable MRV systems hinders the effective evaluation of CDR solutions, creating challenges for the widespread adoption of durable CDR credits and participation in both voluntary and non-voluntary carbon markets.

On the other hand, the durable CDR market in Japan is gaining momentum as the country seeks to achieve its net-zero emissions goal by 2050. Japan's approach focuses on integrating advanced CDR technologies, such as carbon mineralization and direct air capture, into its energy and industrial sectors. The government is actively funding research and pilot projects, collaborating with international companies and institutions to accelerate development. Additionally, Japan is leveraging its technological expertise to improve the efficiency of CDR methods and create scalable solutions, ensuring that CDR becomes a vital part of its broader strategy to reduce carbon emissions and transition to a sustainable, low-carbon economy.

SEGMENTATION ANALYSIS

The Asia-Pacific 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.

In the mobility sector, durable carbon dioxide removal (CDR) demand arises from the need to address emissions linked to transportation activities such as aviation, shipping, and road transport. Companies in these industries are incorporating CDR solutions alongside electrification and fuel efficiency improvements to meet net-zero emissions targets. Airlines are investing in direct air capture (DAC) and biochar projects to offset carbon emissions from flights while shipping companies partner with CDR providers to neutralize emissions from marine operations.

COMPETITIVE INSIGHTS

Eminent companies operating in the Asia-Pacific durable carbon dioxide removal (CDR) demand market include Climeworks, Novocarbo GmbH, CarbiCrete, Heimdal, etc.

Heimdal is a company specializing in carbon dioxide removal technologies focused on mineralization. The company captures CO2 directly from the atmosphere using renewable energy sources and mineralizes it into stable forms for storage and industrial applications. Heimdal's solutions include scalable DAC units and carbon-negative production processes that support sustainable manufacturing. Their systems are deployed in various industries, including construction and energy, where they integrate CDR technologies for building materials and carbon-neutral products. Heimdal operates globally, with facilities and partnerships across the Asia-Pacific region, Europe, and North America. The company is headquartered in Oslo, Norway, with additional research and operational hubs in the Asia-Pacific region.

Product Code: 94932

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 ASIA-PACIFIC
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. ASIA-PACIFIC
- 6.1.1. MARKET SIZE & ESTIMATES
- 6.1.2. ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET DRIVERS
- 6.1.3. ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET CHALLENGES
- 6.1.4. ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET REGULATORY FRAMEWORK
- 6.1.5. KEY PLAYERS IN ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET
- 6.1.6. COUNTRY ANALYSIS
  - 6.1.6.1. AUSTRALIA & NEW ZEALAND
  - 6.1.6.1.1. AUSTRALIA & NEW ZEALAND DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.2. CHINA
  - 6.1.6.2.1. CHINA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.3. JAPAN
  - 6.1.6.3.1. JAPAN DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.4. SOUTH KOREA
  - 6.1.6.4.1. SOUTH KOREA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.5. MALAYSIA
  - 6.1.6.5.1. MALAYSIA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.6. INDONESIA
  - 6.1.6.6.1. INDONESIA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.7. VIETNAM
  - 6.1.6.7.1. VIETNAM DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.8. INDIA
  - 6.1.6.8.1. INDIA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET SIZE & OPPORTUNITIES
  - 6.1.6.9. REST OF ASIA-PACIFIC
  - 6.1.6.9.1. REST OF ASIA-PACIFIC 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. ASIA-PACIFIC 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

Product Code: 94932

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND
TABLE 2: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY SECTOR, 2030-2040 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY SECTOR, 2030-2040 (IN MILLION TONS)
TABLE 4: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY COUNTRY, 2030-2040 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY COUNTRY, 2030-2040 (IN MILLION TONS)
TABLE 6: KEY PLAYERS OPERATING IN ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET
TABLE 7: REGULATORY FRAMEWORK FOR ASIA-PACIFIC 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 ASIA-PACIFIC
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, GROWTH POTENTIAL, BY SECTOR, IN 2030
FIGURE 9: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY CONSUMER, 2030-2040 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY INDUSTRIAL, 2030-2040 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY MOBILITY, 2030-2040 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY MANUFACTURING/TECHNOLOGY AND HARDWARE, 2030-2040 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY SERVICES, 2030-2040 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY ENERGY, 2030-2040 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY DIGITAL, 2030-2040 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, BY HEALTHCARE, 2030-2040 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, COUNTRY OUTLOOK, 2030 & 2040 (IN %)
FIGURE 18: AUSTRALIA & NEW ZEALAND DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 19: CHINA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 20: JAPAN DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 21: SOUTH KOREA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 22: MALAYSIA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 23: INDONESIA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 24: VIETNAM DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 25: INDIA DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)
FIGURE 26: REST OF ASIA-PACIFIC DURABLE CARBON DIOXIDE REMOVAL (CDR) DEMAND MARKET, 2030-2040 (IN $ MILLION)