PUBLISHER: Polaris Market Research | PRODUCT CODE: 1720517
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1720517
The global atmospheric resource extraction market size is expected to reach USD 6,445.20 million by 2034, according to a new study by Polaris Market Research. The report "Atmospheric Resource Extraction Market Size, Share, Trends, Industry Analysis Report: By Resource Type (Water Extraction from Air, Carbon Dioxide Capture, Oxygen & Nitrogen Extraction, and Others), Application, Technology, End User, and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Market Forecast, 2025 - 2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Atmospheric resource extraction can be defined as a process to collect and use things including water, gases, and minerals from the air for industries, businesses, and environmental needs. The atmospheric resource extraction market is growing as industries seek sustainable solutions to address climate change and resource scarcity. Companies are increasingly adopting atmospheric extraction technologies to harness water, gases, and minerals without depleting natural reserves. The rising demand is driven by industries such as agriculture, energy, and manufacturing, which require efficient and eco-friendly resource alternatives. Additionally, governments and corporations are investing in innovative methods such as direct air capture and atmospheric water generation.
Advancements in atmospheric resource extraction technologies are making the process more efficient and cost-effective. Atmospheric water generation extracts moisture from the air to provide clean drinking water, helping areas facing water shortages. Direct air capture (DAC) removes carbon dioxide from the atmosphere, supporting climate goals and reducing emissions. Cryogenic gas separation is improving the extraction of valuable gases such as oxygen and nitrogen, benefiting industries including healthcare and energy. The market is expected to expand as these technologies become more widely adopted with ongoing research and investment.
The atmospheric resource extraction market is expanding due to its growing applications in agriculture, space exploration, and pharmaceuticals. NASA and ESA are leveraging atmospheric technologies to enhance crop monitoring and life sciences, while pharmaceutical companies are using microgravity for advanced drug development. Additionally, rising water scarcity is driving investments in atmospheric water generation, as seen in Egypt and the US. These advancements highlight the opportunities as industries adopt sustainable resource extraction solutions.
In 2024, water extraction from air held the largest market share. This dominance is due to the increasing concerns over water scarcity, climate change, and the depletion of traditional freshwater sources.
The industrial gas supply segment accounted for a significant atmospheric resource extraction market share in 2024, due to rising demand for gases such as oxygen, nitrogen, and carbon dioxide across various industries.
Asia Pacific held a considerable share in 2024, driven by the region's substantial investments, commitment to expand their power generation capabilities, and its proactive approach to renewable energy adoption.
The atmospheric resource extraction market in Europe is projected to grow rapidly during the projection period, driven by significant growth in renewable energy and creating a strong foundation for atmospheric resource extraction technologies.
A few of the global key market players include Climeworks AG; Carbon Engineering Ltd.; Global Thermostat LLC; Heirloom Carbon Technologies, Inc; Soletair Power Oy; CarbonCapture Inc.; Avnos, Inc.; Noya PBC; Skytree BV; RepAir Carbon Capture Ltd.; Exxon Mobil Corporation; and SLB (formerly Schlumberger Limited).
Polaris Market Research has segmented atmospheric resource extraction market report based on resource type, application, technology, end user, and region: