The green carbon market is expected to value for $16.8 million in 2025 and is estimated to reach $32.9 million by 2031, exhibiting a CAGR of 11.9% from 2025 to 2031.
Green/bio-based carbon is termed as the carbon can be produced from biomass through pyrolysis and hydrothermal carbonization. Moreover, it is stored in the biosphere, taken up from the atmosphere by plants through the process of photosynthesis. Green carbon ecosystems, such as those in natural forests, play a key role in impacting the levels of greenhouse gas concentrations in the atmosphere.
The green carbon is under pilot phase and is expected to commercialize in the global market by 2025. Several key companies such as Mitsui Chemicals, Inc., TEIJIN LIMITED, Charm Industrial, Drax, Clean Energy Systems, and others are constantly engaged in R&D activities to produce highly efficient green carbon at reduced prices. Furthermore, government agencies such as European Union (EU), the United States Environmental Protection Agency (US EPA), and others are promoting the development of green carbon. For instance, European Union has launched a program in 2020 named as Green Carbon 2020 to promote the utilization of green carbon for sustainable economy and to attract investments in the field. This factor has fueled R&D activities in the green carbon sector.
Increase in awareness for eco-friendly activities coupled with rapid transition toward sustainable energy sources has surged the popularity of biomass-derived carbon owing to its environment-friendly properties. This factor is anticipated to augment the growth of the biomass-derived carbon during the forecast period. Furthermore, governments of various economies have put more emphasis on promotion and utilization of bio-based energy sources. This event may further aid the demand for biomass-derived carbon among various end-use sectors; thus, fueling the market growth.
Furthermore, Carbon sequestration from plants, soil, marine, or other ecosystems is under pilot phase. A lot of research is going on to find the efficient way for carbon capturing from green ecosystem. According to a research article published by the University of California in 2021, carbon is sequestered in soil by plants through photosynthesis and can be stored as soil organic carbon (SOC). Agroecosystems can degrade and deplete the SOC levels but this carbon deficit opens up opportunity to store carbon through new land management practices. Moreover, the increase in attempts for reducing greenhouse gas emissions and global carbon footprint may aid the development of environmental carbon sequestration activities during the forecast period.
However, high formulation costs and requirement of skilled workforce in manufacturing green carbon may restrain the growth of the green carbon market during the forecast period.
On the contrary, companies are moving toward sustainable and eco-friendly alternatives for developing and strengthening their brand image with rise in environmental concerns among consumers. For instance, leading companies, such Mitsui Chemicals, Inc., Drax, Clean Energy Systems, and others focus on the use of bio-based carbon for energy conversion, storage, and other applications. Thus, the increase in CSR activities of the companies is projected to fuel the demand for green carbon and promote the investor’s interest toward the green/bio-based carbon industry.
Furthermore, huge R&D investment is required to transform the innovations done in the development of highly efficient green/bio-based carbon into commercialization and the research should continue to increase efficiency of the material, simplify their synthesis, and maximize the usage of potential bio-based carbon across several end-use sectors. The manufacturers will be able to produce more valuable and less expensive green carbon with this development. This factor is projected to create remunerative opportunities for the green carbon market in the coming future.
The green carbon market is segmented on the basis of source, application, and region. On the basis of source, the market is categorized into biomass and environmental. On the basis of application, it is divided into supercapacitor, fuel cell, lithium-ion batteries, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global green carbon market profiles leading players that include Mitsui Chemicals, Inc., TEIJIN LIMITED, Charm Industrial, Drax, and Clean Energy Systems. Moreover, it also provides other key raw material suppliers such as Vatenfall AB, Orsted A/S, Alstorm, Enviva, Clean Energy Systems, Babcock And Wilcox Enterprises, Inc. The global green carbon market report provides in-depth competitive analysis as well as profiles of these major players.
Green/bio-based carbon is termed as the carbon can be produced from biomass through pyrolysis and hydrothermal carbonization. Moreover, it is stored in the biosphere, taken up from the atmosphere by plants through the process of photosynthesis. Green carbon ecosystems, such as those in natural forests, play a key role in impacting the levels of greenhouse gas concentrations in the atmosphere.
The green carbon is under pilot phase and is expected to commercialize in the global market by 2025. Several key companies such as Mitsui Chemicals, Inc., TEIJIN LIMITED, Charm Industrial, Drax, Clean Energy Systems, and others are constantly engaged in R&D activities to produce highly efficient green carbon at reduced prices. Furthermore, government agencies such as European Union (EU), the United States Environmental Protection Agency (US EPA), and others are promoting the development of green carbon. For instance, European Union has launched a program in 2020 named as Green Carbon 2020 to promote the utilization of green carbon for sustainable economy and to attract investments in the field. This factor has fueled R&D activities in the green carbon sector.
Increase in awareness for eco-friendly activities coupled with rapid transition toward sustainable energy sources has surged the popularity of biomass-derived carbon owing to its environment-friendly properties. This factor is anticipated to augment the growth of the biomass-derived carbon during the forecast period. Furthermore, governments of various economies have put more emphasis on promotion and utilization of bio-based energy sources. This event may further aid the demand for biomass-derived carbon among various end-use sectors; thus, fueling the market growth.
Furthermore, Carbon sequestration from plants, soil, marine, or other ecosystems is under pilot phase. A lot of research is going on to find the efficient way for carbon capturing from green ecosystem. According to a research article published by the University of California in 2021, carbon is sequestered in soil by plants through photosynthesis and can be stored as soil organic carbon (SOC). Agroecosystems can degrade and deplete the SOC levels but this carbon deficit opens up opportunity to store carbon through new land management practices. Moreover, the increase in attempts for reducing greenhouse gas emissions and global carbon footprint may aid the development of environmental carbon sequestration activities during the forecast period.
However, high formulation costs and requirement of skilled workforce in manufacturing green carbon may restrain the growth of the green carbon market during the forecast period.
On the contrary, companies are moving toward sustainable and eco-friendly alternatives for developing and strengthening their brand image with rise in environmental concerns among consumers. For instance, leading companies, such Mitsui Chemicals, Inc., Drax, Clean Energy Systems, and others focus on the use of bio-based carbon for energy conversion, storage, and other applications. Thus, the increase in CSR activities of the companies is projected to fuel the demand for green carbon and promote the investor’s interest toward the green/bio-based carbon industry.
Furthermore, huge R&D investment is required to transform the innovations done in the development of highly efficient green/bio-based carbon into commercialization and the research should continue to increase efficiency of the material, simplify their synthesis, and maximize the usage of potential bio-based carbon across several end-use sectors. The manufacturers will be able to produce more valuable and less expensive green carbon with this development. This factor is projected to create remunerative opportunities for the green carbon market in the coming future.
The green carbon market is segmented on the basis of source, application, and region. On the basis of source, the market is categorized into biomass and environmental. On the basis of application, it is divided into supercapacitor, fuel cell, lithium-ion batteries, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global green carbon market profiles leading players that include Mitsui Chemicals, Inc., TEIJIN LIMITED, Charm Industrial, Drax, and Clean Energy Systems. Moreover, it also provides other key raw material suppliers such as Vatenfall AB, Orsted A/S, Alstorm, Enviva, Clean Energy Systems, Babcock And Wilcox Enterprises, Inc. The global green carbon market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the green carbon market analysis from 2025 to 2031 to identify the prevailing green carbon market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the green carbon market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global green carbon market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Supercapacitor
- Fuel Cell
- Lithium-ion Batteries
- Others
By Source
- Biomass
- Environmental
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Vatenfall AB
- TEIJIN LIMITED
- Mitsui Chemicals, Inc.
- Charm Industrial
- Drax
- Orsted A/S
- Alstorm
- Enviva
- Clean Energy Systems
- Babcock & Wilcox Enterprises, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GREEN CARBON MARKET, BY SOURCE
CHAPTER 5: GREEN CARBON MARKET, BY APPLICATION
CHAPTER 6: GREEN CARBON MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Vatenfall AB
- TEIJIN LIMITED
- Mitsui Chemicals, Inc.
- Charm Industrial
- Drax
- Orsted A/S
- Alstorm
- Enviva
- Clean Energy Systems
- Babcock & Wilcox Enterprises, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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