Global Carbon Negative Materials Market is Anticipated to Expand at a CAGR of 11.3% from 2024 to 2034, According to a Report by TNR, The Niche Research

  • October 7, 2024
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  • Global Carbon Negative Materials Market is Anticipated to Expand at a CAGR of 11.3% from 2024 to 2034, According to a Report by TNR, The Niche Research

Wilmington, Delaware, Oct. 07, 2024 (GLOBE NEWSWIRE) — The global carbon negative materials market is gaining significant attention as the world intensifies efforts to combat climate change. Carbon negative materials are those that, during their production or life cycle, sequester more carbon dioxide from the atmosphere than they emit. This makes them a critical component in achieving global net-zero emission goals. The market is expected to witness rapid growth over the coming years as industries, governments, and consumers seek sustainable alternatives.

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One notable example is biochar, a form of charcoal produced by pyrolyzing organic waste at high temperatures. Biochar can be used as a soil amendment, where it enhances soil fertility and simultaneously captures carbon in the soil for centuries. Another example is carbon-negative concrete, such as the one developed by the company CarbonCure, which injects captured CO into concrete during the mixing process. This not only reduces the carbon footprint of the concrete but also strengthens it.

The significance of carbon negative materials lies in their potential to reverse the damaging effects of greenhouse gases. They play a crucial role in sectors like construction, agriculture, and manufacturing, where conventional materials are major sources of emissions. By adopting carbon-negative alternatives, these industries can mitigate their environmental impact.

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For instance, in 2023, the construction industry saw an increased adoption of carbon-negative concrete, which is expected to reduce emissions by 500,000 tons annually. As global policies and consumer preferences shift towards sustainability, the demand for carbon negative materials is likely to expand, positioning them as a pivotal solution in the fight against climate change.

Top Leading Countries in the Global Carbon Negative Materials Market:

  • United States: The United States is a leader in the carbon negative materials market, driven by innovation and supportive policies. Companies like CarbonCure and biochar producers such as Biochar Now are pioneering sustainable construction and agricultural solutions. In 2023, the U.S. construction industry adopted CarbonCure’s technology in numerous projects, capturing significant CO emissions. Additionally, the U.S. Department of Energy has invested in carbon capture and utilization technologies, fostering the growth of carbon-negative materials. The government’s emphasis on sustainability and private sector innovation positions the U.S. as a key player in developing and scaling carbon-negative technologies across various industries.

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  • Canada: Canada has emerged as a prominent player in the carbon negative materials market, leveraging its vast natural resources and commitment to climate action. The country is a leading producer of biochar, with companies like Airex Energy and Biochar Canada innovating in carbon sequestration. In 2022, the Canadian government launched the Net-Zero Accelerator initiative to support the development of sustainable materials and technologies. Canada’s forest-rich landscape enables large-scale production of biochar, which is used in agriculture to enhance soil health and capture carbon. The country’s proactive policies and investment in green technologies make it a key contributor to the global carbon-negative materials market.
  • Sweden: Sweden is at the forefront of the carbon negative materials market in Europe, driven by a robust sustainability agenda and strong governmental support. Companies like Stockholm Exergi are developing bio-energy with carbon capture and storage (BECCS) technology to achieve negative emissions. In 2023, the Swedish government pledged significant funding to support carbon-negative innovations, making it a hub for research and development. The use of wood-based materials and biochar in construction and agriculture is widespread, reflecting Sweden’s commitment to reducing its carbon footprint. The country’s leadership in sustainable practices and innovation makes it a vital player in the carbon-negative materials market.
  • Australia: Australia is advancing in the carbon negative materials market, particularly through its focus on sustainable agriculture and construction. The country’s CSIRO is researching carbon-negative building materials like hempcrete, which absorbs CO₂ during its growth. In 2022, Australia introduced incentives for farmers to produce biochar from agricultural waste, promoting carbon sequestration and soil health. Companies like Southern Oil are developing technologies to produce renewable biofuels and capture carbon. Australia’s emphasis on leveraging its agricultural strengths and natural resources to develop carbon-negative solutions underscores its growing role in this market.

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Manufacturers Approaches and Strategies in The Carbon Negative Materials Market

Manufacturer Approach Strategy Example
CarbonCure Technologies CO₂ Utilization in Concrete Integrating CO₂ into concrete mix to reduce emissions and enhance strength. In 2023, CarbonCure’s technology was used in over 1,000 construction projects globally.
Climeworks Direct Air Capture and Storage Capturing CO₂ from the atmosphere and storing it underground. In 2022, Climeworks launched the Orca plant in Iceland, capturing 4,000 tons of CO₂ annually.
Interface, Inc. Carbon Negative Carpet Tiles Using bio-based and recycled materials to create carbon-negative products. In 2022, Interface launched “Embodied Beauty,” a collection of carbon-negative carpet tiles.
Airex Energy Biochar Production from Biomass Converting agricultural and forestry residues into biochar for soil amendment. Airex Energy supplied biochar to farmers in Canada, sequestering over 10,000 tons of CO₂ in 2023.
Lhoist Group Carbon Sequestration in Cement Developing techniques to absorb CO₂ during the cement curing process. Lhoist Group’s carbon capture pilot in Belgium in 2022 aimed to sequester 50,000 tons of CO₂.
Blue Planet Ltd. Mineralization of CO₂ in Aggregates Utilizing CO₂ to form synthetic limestone for use in construction. Blue Planet supplied carbon-negative aggregates for the Los Angeles International Airport in 2023.
BASF SE Carbon Management Program Reducing emissions through innovative chemical processes and materials. In 2022, BASF launched a CO₂-neutral polyol for foam applications in furniture and automotive.
Carbicrete Cement-Free Concrete Using steel slag and CO₂ to produce concrete blocks without cement. In 2023, Carbicrete’s technology was utilized in Canada to manufacture carbon-negative building blocks.
Novocarbo GmbH Industrial Biochar Solutions Producing biochar from industrial waste for carbon sequestration and energy. Novocarbo provided biochar to German farmers, improving soil health and capturing CO₂ in 2023.
Zeoform Hemp-Based Materials Developing carbon-negative biocomposites from hemp and water. In 2022, Zeoform launched its biodegradable material for packaging and construction use.

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Following are the major companies active within the carbon negative materials market:

  • Algix
  • Biomason
  • CarbonCure Technologies
  • Ciena Corporation
  • Ecovative
  • Full Cycle Bioplastics
  • Newlight Technologies
  • Origin Materials
  • Renewlogy
  • Other Industry Participants

Global Carbon Negative Materials Market

By Material Type

  • Bioplastics
  • Green Concrete
  • Carbon Negative Polymers
  • Wood-Based Materials
  • Others

By End Use Industry

  • Construction
  • Agriculture
  • Automotive
  • Textiles
  • Energy and Power
  • Packaging
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America) 

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