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Technology Growth Opportunities in the Synthesis of Chemicals from Carbon Dioxide (CO2)
Technology Growth Opportunities in the Synthesis of Chemicals from Carbon Dioxide (CO2)
Chemical companies are looking for disruptive technologies to reduce CO2 emissions and create additional revenue streams
11-Apr-2024
Global
Technology Research
Description
With climate change concerns becoming increasingly urgent, there is a growing global emphasis on sustainability, including a focus on reducing carbon footprints and using green chemicals. While chemical manufacturers across regions are looking for new ways to minimize carbon dioxide (CO2) emissions from their facilities, there is also rising demand for CO2 as a raw material.
This study covers the various technologies that allow the synthesis of chemicals from CO2, focusing on approaches that transform captured CO2 into commodity, fine, and specialty chemicals. It examines the industry efforts to increase the commercial potential of these technologies, identifying 7 pivotal approaches to converting CO2 into chemicals: thermal conversion, electrochemical conversion, catalytic copolymerization, enzymatic conversion, mineralization, plasma catalysis, and photo-assisted conversion. The study highlights the factors driving and restraining the adoption of these technologies and offers an overview of the patents in this domain. It provides a detailed regional analysis, covering information on trends, research and development (R&D) efforts, and stakeholder initiatives, along with a cost analysis of CO2 utilization for various chemical products. The growth opportunities emerging from the shifts in this space have also been identified for market players and stakeholders to leverage.
RESEARCH: INFOGRAPHIC
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Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Synthesis of Chemicals from CO2 Industry
Research Methodology
Research Scope
Segmentation
Comparison between the Production of a Chemical from CO2 and the Conventional Production of the Same Chemical
Conversion Applications of CO2
Industrial Landscape: Rising CO2 Emissions and Growing Demand for CO2 as a Raw Material
Present and Future CO2 Utilization Demand across Industries
CO2 Storage Challenges and Energy-efficiency Needs
Growth Drivers
Growth Restraints
Carbon Capture, Utilization, and Storage (CCUS) Outlook: North America
Industry Initiatives: North America
CCUS Outlook: Asia-Pacific
Industry Initiatives: Asia-Pacific
CCUS Outlook: Europe
Industry Initiatives: Europe
CCUS Outlook: Latin America, the Middle East, and Africa (LAMEA)
Industry Initiatives: LAMEA
Approaches for the Conversion of CO2 to Chemicals
Comparative Analysis of Different CO2 to Chemicals Conversion Technologies
Thermal Conversion: An Energy-efficient Path for Chemical Production
Electrochemical Conversion: Most Promising Approach for Converting CO2 into Valuable Chemicals
Catalytic Copolymerization: An Approach that Extracts Specialty Chemicals from CO2
Enzymatic Conversion: A Promising Approach due to High Selectivity and Yield
Mineralization: A Cost-effective way to Eliminate CO2 Emission from Various Industrial Sources through Direct Air Capture
Plasma Catalysis: A Process that
Photo-assisted Conversion: A Process Challenged by High Complexity and Low Selectivity
Industry Initiatives: Start-ups Entering Early Stages of Commercialization
Industry Initiatives: Academia Focus on the Electrochemical Approach
Key Public Funding Activities Prioritizing Technology Advancement
Key Private Funding Activities to Expedite Commercialization
Key Partnerships and Joint Ventures
Key Partnerships and Joint Ventures (continued)
Venture Capital Surge in CO2-derived Chemicals: An Outlook
China Dominates the Patents Space for the Synthesis of Chemicals from CO2
Academia Drives Research on the Synthesis of Chemicals from CO2
Key Focus Areas of Top Assignees by Conversion Approach and Chemical Produced
Growth Opportunity 1: Catalysts to Improve the Efficiency of the Synthesis of Chemicals from CO2
Growth Opportunity 1: Catalysts to Improve the Efficiency of the Synthesis of Chemicals from CO2 (continued)
Growth Opportunity 2: Hybrid Systems with Higher Energy Efficiency to Synthesize Chemicals from CO2
Growth Opportunity 2: Hybrid Systems with Higher Energy Efficiency to Synthesize Chemicals from CO2 (continued)
Growth Opportunity 3: Standardized Global Regulations for Achieving Economic Benefits
Growth Opportunity 3: Standardized Global Regulations for Achieving Economic Benefits (continued)
Technology Readiness Level (TRL): Explanation
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
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| Deliverable Type | Technology Research |
|---|---|
| Author | Pranjal Tripathi |
| Industries | Chemicals and Materials |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | DAD5-01-00-00-00 |