Carbon Capture

Thursday 9 June 2022 - What is CO2 utilization and how is CO2 converted into useful products? What is the current state of the CO2U market? What are the key drivers and hurdles for CO2U market growth? What is the CO2U market outlook for the next 20 years?

The recent Intergovernmental Panel on Climate Change (IPCC) report warned us over the threat global warming is posing, with consequences already being felt and accelerating rapidly. At the same time, the price of oil is at its highest since 2008 and is likely to continue to soar. Although prices at these levels are largely war-driven, both oil and gas prices were already climbing as economies reopened last year. These events have just shown how energy vulnerable and dependent on fossil fuels the global economy still is.

"We expect to see the additive manufacturing market consolidating in the near future" has been the refrain of many for nearly a decade now. The thought really strengthened after major acquisition moves by industry titans Stratasys and 3D Systems between 2010-2012. Stratasys would acquire wax 3D printer company Solidscape and merge with material jetting pioneer Objet in 2011-2012, while 3D Systems completed a jaw-dropping 13 acquisitions between 2011-2012. With so many major moves by market leaders in the early 2010s, it seemed like market consolidation was just around the corner.

Climate change is one of humanity's most pressing challenges. In an effort to accelerate global action in limiting temperature rises, international lawmakers, business leaders, scientists, and activists convened in Glasgow (U.K.) for the past two weeks in the UN's Climate Change Conference (COP26). In this article, IDTechEx examines three crucial technologies in the fight against climate change that saw advancements (or not) during this COP's proceedings.

All major players in the automotive industry are racing to develop and deploy zero-emission vehicles: a tumultuous change in powertrain technology is underway. The new report from IDTechEx, "Fuel Cell Electric Vehicles 2022-2042", analyzes the role of fuel cells in on-road vehicles.

Concrete is the second most consumed substance on the planet, trailing only potable water. Cement production - an essential ingredient for concrete - alone contributes to 7% of global anthropogenic carbon dioxide (CO2) emissions. As the world will see the building stock double in size by 2050, pressure for the cement industry to decarbonize has risen swiftly.

In their new report "3D Printing Ceramics 2022-2032: Technology and Market Outlook", IDTechEx forecasts the ceramic 3D printing industry to grow 7-fold to $400M by 2032. Given how young the market is, seven-fold growth in the next 10 years indicates a positive future for the industry.

Carbon capture technology may be essential in helping the world in the fight against climate change, however, capturing CO2 from point sources not be enough to avoid the worst impacts of climate change. A potential solution is direct air capture (DAC) technology. Does DAC justify the excitement or is it doomed to fail?

There are significant research efforts aiming to boost the effectiveness of CO2 capturing technology and facilitate deployment of what could be a vital technology in the fight against climate change.

Each year, April 22nd marks Earth Day, a worldwide event that aims to diversify, educate and activate the environmental movement. To mark Earth Day 2021, here are some of the technologies that IDTechEx believes will be instrumental in winning the fight against climate change.