Global Direct Air Capture Market Size Study, by Type (Solid-DAC, Liquid-DAC, Electrochemical-DAC), Application (Carbon Removal, Carbon Utilization) and Regional Forecasts 2025-2035

Description

The Global Direct Air Capture Market is valued at approximately USD 0.09 billion in 2024 and is projected to accelerate at an extraordinary CAGR of 61.15% over the forecast period 2025-2035, with historical data considered for 2023 and 2024 and 2024 designated as the base year for estimation. Direct Air Capture (DAC) refers to a suite of advanced carbon removal technologies designed to extract carbon dioxide directly from ambient air and either permanently store it or channel it into productive reuse pathways. As net-zero ambitions move from boardroom pledges to enforceable policy roadmaps, DAC is increasingly being positioned as a critical backstop solution for hard-to-abate emissions. The market narrative is being shaped by mounting climate urgency, rising carbon pricing mechanisms, and growing consensus that emission reductions alone will not suffice without large-scale carbon removal.

Momentum in the DAC ecosystem is being carried forward by a convergence of public-sector funding, private capital inflows, and rapid technological iteration. Governments are rolling out incentives, tax credits, and long-term offtake agreements to de-risk early deployments, while energy majors and tech giants are stepping in to lock down future carbon removal capacity. At the same time, breakthroughs in sorbent materials, process efficiency, and system modularization are helping to bring down costs and scale up capture volumes. Nevertheless, the market continues to wrestle with high energy intensity, infrastructure dependencies, and the need for robust CO2 transport and storage networks, factors which may temper short-term expansion even as long-term fundamentals remain compelling.

The detailed segments and sub-segments included in the report are:

By Type:

Solid-DAC (S-DAC)
Liquid-DAC (L-DAC)
Electrochemical-DAC (E-DAC)

By Application:

Carbon Removal
Carbon Utilization

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Solid Direct Air Capture (S-DAC) technology is expected to dominate the market over the forecast period, accounting for the largest share of installed capacity and deployments. Its leadership position is underpinned by relative technological maturity, modular design advantages, and easier integration with renewable energy sources. S-DAC systems, which rely on solid sorbents to bind CO2, are being increasingly favored for scalable, land-based installations near geological storage sites. While liquid and electrochemical DAC technologies continue to gain attention for their long-term efficiency potential, solid-based systems are currently setting the pace for commercial rollout and near-term adoption.

From a revenue perspective, carbon removal applications are presently generating the lion's share of market value. Demand is being fueled by corporations seeking high-integrity carbon removal credits to meet science-based targets and comply with emerging disclosure regulations. Long-term purchase agreements for negative emissions are becoming more common, locking in predictable revenue streams for DAC operators. Carbon utilization, which channels captured CO2 into fuels, chemicals, and building materials, represents a fast-growing complementary pathway, yet it remains secondary in revenue contribution compared to permanent removal and storage, which commands premium pricing due to its permanence and regulatory alignment.

The regional footprint of the Global Direct Air Capture Market reflects varied policy maturity and infrastructure readiness. North America leads the market, supported by strong federal incentives, advanced carbon storage potential, and early-mover private investments. Europe follows closely, driven by stringent climate regulations, public funding for negative emissions technologies, and cross-border collaboration on carbon management infrastructure. Asia Pacific is anticipated to witness rapid growth during the forecast period as governments in the region begin to incorporate carbon removal into long-term climate strategies, while the Middle East & Africa and Latin America are gradually emerging as strategic locations due to abundant renewable energy resources and favorable geology for CO2 storage.

Major market players included in this report are:

Climeworks AG
Carbon Engineering Ltd.
Occidental Petroleum Corporation
Exxon Mobil Corporation
Shell plc
BP p.l.c.
Microsoft Corporation
Siemens Energy AG
Mitsubishi Heavy Industries, Ltd.
Honeywell International Inc.
BASF SE
Verdox, Inc.
Heirloom Carbon Technologies
Svante Technologies Inc.
Global Thermostat

Global Direct Air Capture Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments and countries in recent years and to forecast their values over the coming decade. The report is designed to integrate both qualitative insight and quantitative rigor across all regions included in the analysis. It further outlines key growth drivers, technological challenges, and regulatory dynamics that will shape the future trajectory of the Global Direct Air Capture Market, while identifying high-potential micro-markets and providing a detailed assessment of competitive strategies, partnerships, and innovation pipelines adopted by leading industry participants.

Key Takeaways:

Market estimates and forecasts for 10 years from 2025 to 2035.
Annualized revenue analysis at global and regional levels.
Country-level evaluation across major geographic markets.
In-depth competitive landscape profiling key market players.
Strategic insights into business models and future market positioning.
Integrated demand-side and supply-side assessment of the market.

Chapter 1. Global Direct Air Capture Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Direct Air Capture Market Forces Analysis

3.1. Market Forces Shaping The Global Direct Air Capture Market (2024-2035)
3.2. Drivers
- 3.2.1. mounting climate urgency
- 3.2.2. rising carbon pricing mechanisms
3.3. Restraints
- 3.3.1. high energy intensity and infrastructure dependencies
3.4. Opportunities
- 3.4.1. Growing convergence of public-sector funding

Chapter 4. Global Direct Air Capture Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Direct Air Capture Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Direct Air Capture Market Performance - Potential Analysis (2025)
5.3. Solid-DAC (S-DAC)
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Liquid-DAC (L-DAC)
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Electrochemical-DAC (E-DAC)
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Direct Air Capture Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Direct Air Capture Market Performance - Potential Analysis (2025)
6.3. Carbon Removal
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Carbon Utilization
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Direct Air Capture Market Size & Forecasts by Region 2025-2035

7.1. Growth Direct Air Capture Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Direct Air Capture Market
- 7.3.1. U.S. Direct Air Capture Market
  - 7.3.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.3.1.2. Application breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Direct Air Capture Market
  - 7.3.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.3.2.2. Application breakdown size & forecasts, 2025-2035
7.4. Europe Direct Air Capture Market
- 7.4.1. UK Direct Air Capture Market
  - 7.4.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.1.2. Application breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Direct Air Capture Market
  - 7.4.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.2.2. Application breakdown size & forecasts, 2025-2035
- 7.4.3. France Direct Air Capture Market
  - 7.4.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.3.2. Application breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Direct Air Capture Market
  - 7.4.4.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.4.2. Application breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Direct Air Capture Market
  - 7.4.5.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.5.2. Application breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Direct Air Capture Market
  - 7.4.6.1. Type breakdown size & forecasts, 2025-2035
  - 7.4.6.2. Application breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Direct Air Capture Market
- 7.5.1. China Direct Air Capture Market
  - 7.5.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.1.2. Application breakdown size & forecasts, 2025-2035
- 7.5.2. India Direct Air Capture Market
  - 7.5.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.2.2. Application breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Direct Air Capture Market
  - 7.5.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.3.2. Application breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Direct Air Capture Market
  - 7.5.4.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.4.2. Application breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Direct Air Capture Market
  - 7.5.5.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.5.2. Application breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of APAC Direct Air Capture Market
  - 7.5.6.1. Type breakdown size & forecasts, 2025-2035
  - 7.5.6.2. Application breakdown size & forecasts, 2025-2035
7.6. Latin America Direct Air Capture Market
- 7.6.1. Brazil Direct Air Capture Market
  - 7.6.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.6.1.2. Application breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Direct Air Capture Market
  - 7.6.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.6.2.2. Application breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Direct Air Capture Market
- 7.7.1. UAE Direct Air Capture Market
  - 7.7.1.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.1.2. Application breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Direct Air Capture Market
  - 7.7.2.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.2.2. Application breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Direct Air Capture Market
  - 7.7.3.1. Type breakdown size & forecasts, 2025-2035
  - 7.7.3.2. Application breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Climeworks AG
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Carbon Engineering Ltd.
8.4. Occidental Petroleum Corporation
8.5. Exxon Mobil Corporation
8.6. Shell plc
8.7. BP p.l.c.
8.8. Microsoft Corporation
8.9. Siemens Energy AG
8.10. Mitsubishi Heavy Industries, Ltd.
8.11. Honeywell International Inc.
8.12. BASF SE
8.13. Verdox, Inc.
8.14. Heirloom Carbon Technologies
8.15. Svante Technologies Inc.
8.16. Global Thermostat