Carbon Dioxide Based Chemicals and Polymers Market to Grow with a CAGR of 10.55 % through 2030
Surge in research and development activities is expected to drive the Global Carbon Dioxide Based Chemicals and Polymers Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Carbon
Dioxide Based Chemicals and Polymers Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global
Carbon Dioxide Based Chemicals and Polymers Market stood at USD 3104.50 Million in 2024 and is anticipated to grow with a CAGR of 10.55 % in the forecast
period, 2026-2030.
The primary drivers of the CO₂-based chemicals and polymers market stem from the urgent need to reduce greenhouse gas emissions and address climate change. CO₂ utilization technologies provide a dual benefit: they capture and repurpose CO₂ emissions that would otherwise contribute to global warming, while offering sustainable alternatives to fossil fuel-derived products. This aligns with global commitments under the Paris Agreement and corporate sustainability targets, making CO₂-based solutions increasingly appealing to both industries and governments.
Governments globally are enforcing stricter regulations to curb carbon emissions and foster circular economy practices. Policies such as carbon pricing, tax incentives, and subsidies for green technologies are driving companies to invest in CO₂ utilization. For instance, the European Union's Green Deal and the U.S. Inflation Reduction Act provide substantial funding and support for carbon capture and utilization (CCU) initiatives. These regulatory frameworks are creating a conducive environment for the expansion of CO₂-based chemicals and polymers.
A growing number of multinational corporations are committing to net-zero emissions and sustainable sourcing of raw materials. Key industries such as automotive, packaging, textiles, and construction are increasingly adopting CO₂-based chemicals and polymers to lower their carbon footprints. Advances in catalysis, electrochemical conversion, and biotechnology are making CO₂ utilization more efficient and cost-effective. Breakthroughs in catalyst technology, for instance, have enabled the conversion of CO₂ into high-value chemicals like ethylene, methanol, and polyols. These innovations are reducing production costs and enhancing the scalability of CO₂-based processes, making them more competitive with traditional fossil fuel-derived methods.
The most significant hurdle facing the CO₂-based chemicals and polymers market is the higher production cost compared to conventional fossil fuel-based products. CO₂ capture, purification, and conversion processes are energy-intensive and often require costly catalysts and specialized equipment. Until these costs are reduced, CO₂-based products may struggle to compete on price with traditional alternatives.
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The Global Carbon Dioxide Based Chemicals and Polymers
Market is segmented into type, application, regional distribution, and company.
Based on its application, The packaging segment is projected to experience rapid growth during the forecast period. Consumer demand for sustainable and innovative packaging solutions is a significant driver for the growth of CO2-based materials in the packaging sector. These materials, derived from capturing and utilizing CO2 emissions, offer an environmentally friendly alternative to traditional petroleum-based packaging. This not only reduces carbon emissions but also promotes the concept of circular economies and sustainability in business strategies.
With increasing pressure on companies to reduce carbon emissions and minimize waste, the adoption of sustainable packaging solutions has become crucial. By utilizing CO2-based materials, businesses have the opportunity to not only meet consumer demands but also contribute to a greener future. These materials not only address environmental concerns but also provide a valuable opportunity to transform CO2 emissions into valuable products.
Based on region, Europe segment is expected to
grow during the forecast period. Europe is poised to witness fastest growth in the CO₂-based chemicals and polymers market, characterized by its strong regulatory environment and focus on sustainability: The European Green Deal and the Circular Economy Action Plan are driving the adoption of CO₂ utilization technologies. The EU’s stringent carbon emission targets and support for green technologies create a favorable environment for market growth. Europe is a hub for innovation in CO₂-based chemicals, with significant investments in research through programs like Horizon Europe. Projects such as Carbon4PUR, which converts industrial CO₂ emissions into polyurethane foams, highlight the region’s commitment to advancing this field. The region’s strong emphasis on sustainability and circular economy principles is driving demand for CO₂-derived materials across industries such as automotive, construction, and packaging. Europe’s growth in this market is robust, supported by a combination of regulatory push, technological innovation, and corporate commitment.
Major companies operating in Global Carbon Dioxide
Based Chemicals and Polymers Market are:
- Asahei Kasei Advanced Corporation
- Covestro AG
- Saudi Arabian Oil Company
- SK Innovation Co. Ltd
- Lanzatech Global Inc
- Empower Materials Inc
- Cardia Bioplastics
- Econic Technologies Ltd
- China National Offshore Oil Corporation International
Ltd
- Avantium N.V.
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“Growing application of carbon dioxide based chemicals
and polymers in various end user industries are key drivers of the carbon dioxide
based chemicals and polymers market. Growth in competitive landscape and
presence of well-established companies in the market who are dedicated to
enhance their productivity of carbon dioxide based chemicals and polymers with
every passing year are anticipated to register an impressive grow to Global
Carbon Dioxide Based Chemicals and Polymers Market in the forecast period”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Carbon Dioxide Based Chemicals and Polymers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Polycarbonate, Polyurethane, Polyethylene Carbonate, Others), By Application (Packaging, Coating, Adhesive & Sealant, Others), By Region and Competition 2020-2030F", has evaluated
the future growth potential of Global Carbon Dioxide Based Chemicals and
Polymers Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Carbon Dioxide Based
Chemicals and Polymers Market.
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