PUBLISHER: The Business Research Company | PRODUCT CODE: 1730829
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730829
Direct air carbon capture (DACC) technology refers to a method that extracts carbon dioxide (CO2) from the atmosphere through chemical or physical processes. Once captured, the CO2 can be either stored underground (carbon sequestration) or repurposed in various industries, such as the production of synthetic fuels or carbonated drinks. DACC is recognized as a vital technology for lowering greenhouse gas levels and addressing climate change, acting as a supplement to emission reduction initiatives.
The primary types of direct air carbon capture technologies include solid-direct air carbon capture (DAC), liquid-direct air carbon capture (DAC), and electrochemical-direct air carbon capture (DAC). Low-temperature direct air carbon capture (DAC) operates at temperatures generally below 100°C. It uses liquid sorbents or solid materials to capture CO2 from the air, which is then released via chemical reactions at relatively mild heat. These technologies can function at low or high temperatures, and they employ fewer than 10 collectors or more than 10 collectors. Various applications of these methods include carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS), which are utilized by the energy sector, industries, transportation, and other end-use sectors.
The direct air carbon capture technology market research report is one of a series of new reports from The Business Research Company that provides direct air carbon capture technology market statistics, including direct air carbon capture technology industry global market size, regional shares, competitors with a direct air carbon capture technology market share, detailed direct air carbon capture technology market segments, market trends and opportunities, and any further data you may need to thrive in the direct air carbon capture technology industry. This direct air carbon capture technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The direct air carbon capture technology market size has grown rapidly in recent years. It will grow from $2.81 billion in 2024 to $3.18 billion in 2025 at a compound annual growth rate (CAGR) of 13.0%. The growth observed in the historic period can be attributed to increasing carbon emissions, the expansion of government climate policies, the rise in corporate sustainability initiatives, increased research funding, and growing awareness of climate change.
The direct air carbon capture technology market size is expected to see rapid growth in the next few years. It will grow to $5.12 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The projected growth in the forecast period is expected to result from stricter carbon regulations, the expansion of the carbon credit market, rising technology costs, increased industrial adoption, and growing investments in clean technology. Key trends anticipated during this period include advancements in energy storage integration, innovations in filtration systems, improvements in sorbent materials, the development of cost-effective sorbents and materials, and technological advancements in capture efficiency.
The growing awareness of climate change mitigation is expected to drive the expansion of the direct air carbon capture (DACC) technology market in the coming years. Climate change mitigation involves actions and strategies to reduce or prevent the emission of greenhouse gases (GHGs) into the atmosphere. This awareness has increased due to the rising frequency and severity of extreme weather events globally, such as hurricanes, wildfires, heatwaves, and floods, which have caused widespread damage to communities, economies, and ecosystems. These events provide visible proof of climate change, prompting governments, organizations, and individuals to take action. Direct Air Carbon Capture (DACC) technology offers a practical and innovative solution for reducing atmospheric CO2 levels. For example, in April 2022, the International Energy Agency (IEA) reported that direct air capture technologies need to scale up significantly, from capturing 0.01 MtCO2 in 2022 to more than 85 MtCO2 by 2030, and a bold 980 MtCO2 by 2050. As such, the rising awareness of climate change mitigation is driving the growth of the DACC technology market.
Companies in the direct air carbon capture technology market are focusing on developing next-generation carbon capture solutions to improve efficiency and scalability. These advanced solutions incorporate innovative structured sorbent materials and advanced filtration systems to optimize CO2 removal while reducing energy consumption. For instance, in June 2024, Climeworks AG, a Switzerland-based direct air capture technology company, introduced its Generation 3 DAC technology, which enhances efficiency and scalability in carbon removal. This new system doubles the CO2 capture capacity per module, reduces energy consumption by 50%, and extends the lifespan of materials, significantly lowering costs. The technology uses newly developed structured sorbent materials that replace traditional packed filter beds, improving surface contact with CO2. These advancements accelerate the capture and release process, enabling the system to capture more than twice the CO2 compared to previous generations.
In December 2024, Skytree B.V., a Netherlands-based direct air capture company, acquired ReCarbn B.V. to strengthen its DACC technology. The acquisition integrates ReCarbn's innovative filtration and sorbent circulation technologies into Skytree's portfolio, enhancing the efficiency, scalability, and cost-effectiveness of its carbon capture solutions. ReCarbn B.V. is a Netherlands-based startup focused on innovative filtration and sorbent circulation technologies for direct air capture.
Major players in the direct air carbon capture technology market are Exxon Mobil Corporation, Occidental Petroleum Corporation, GE Vernova, Sunfire GmbH, Climeworks AG, Carbon Clean Solutions Pvt Ltd, Heirloom Carbon Technologies, Carbon Engineering ULC, CarbonCure Technologies Inc, Skytree, CarbonCapture Inc, CarbonFree Chemicals Holdings LLC, Synhelion SA, 1PointFive LLC, Zero Carbon Systems, Soletair Power, LanzaJet, Noya PBC, Sustaera Inc, Mission Zero Technologies.
North America was the largest region in the direct air carbon capture technology market in 2024. The regions covered in direct air carbon capture technology report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the direct air carbon capture technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The direct air carbon capture technology market consists of revenues earned by entities by providing services such as permanent carbon sequestration services, enhanced oil recovery (EOR) services, and carbon removal as a service (CRaaS). The market value includes the value of related goods sold by the service provider or included within the service offering. The direct air carbon capture technology market also includes sales of synthetic fuels (E-Fuels), waste heat-powered DAC systems, and building-integrated DAC systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Direct Air Carbon Capture Technology Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on direct air carbon capture technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for direct air carbon capture technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The direct air carbon capture technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.