PUBLISHER: The Business Research Company | PRODUCT CODE: 1889323
PUBLISHER: The Business Research Company | PRODUCT CODE: 1889323
Carbon dioxide (CO2) mineralization refers to the process of transforming carbon dioxide gas into stable solid minerals, such as carbonates, through natural or engineered chemical reactions. This method permanently locks away CO2, helping reduce greenhouse gas emissions and supporting efforts to mitigate climate change.
The key technologies of carbon dioxide (CO2) mineralization include direct aqueous mineralization, indirect mineralization, enhanced weathering, and others. Direct aqueous mineralization refers to a carbon dioxide (CO2) mineralization method in which CO2 reacts directly with aqueous solutions containing metal ions, producing stable carbonate minerals for long-term carbon storage. The process utilizes various feedstocks such as natural minerals, industrial waste, and more. These technologies are applied across multiple areas, including carbon capture and storage, building materials, industrial operations, and environmental remediation, and serve a diverse range of end-users such as construction, oil and gas, chemical industries, power generation, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.
The carbon dioxide (CO2) mineralization market research report is one of a series of new reports from The Business Research Company that provides carbon dioxide (CO2) mineralization market statistics, including carbon dioxide (CO2) mineralization industry global market size, regional shares, competitors with a carbon dioxide (CO2) mineralization market share, detailed carbon dioxide (CO2) mineralization market segments, market trends and opportunities, and any further data you may need to thrive in the carbon dioxide (CO2) mineralization industry. This carbon dioxide (CO2) mineralization 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 carbon dioxide (CO2) mineralization market size has grown rapidly in recent years. It will grow from $1.17 billion in 2024 to $1.37 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be linked to increasing industrial emissions, growing environmental regulations, increasing awareness of climate change, rising cost of carbon-intensive fuels, and increasing demand for sustainable construction materials.
The carbon dioxide (CO2) mineralization market size is expected to see rapid growth in the next few years. It will grow to $2.52 billion in 2029 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be driven by increasing carbon pricing mechanisms, rising demand for low-carbon building materials, growing investment in climate tech startups, and rising demand for synthetic fuels and chemicals. Major trends in the forecast period include developing sustainable carbon-negative products, integration with cement and concrete industries, innovation in carbon utilization pathways, advancements in hybrid mineralization techniques, and integration with steel and metallurgical plants.
The rising demand for sustainable construction materials is expected to drive the growth of the carbon dioxide (CO2) mineralization market. Sustainable construction materials are environmentally responsible, resource-efficient, and designed to minimize negative impacts throughout their life cycle, from production and use to disposal or recycling. The demand for these materials is increasing due to growing environmental awareness among consumers, governments, and industries, which emphasizes reducing carbon footprints and promoting eco-friendly building practices. Carbon dioxide mineralization supports sustainable construction by converting captured CO2 into stable carbonates that can be used as eco-friendly building materials, reducing emissions and fostering a circular construction economy. For example, in July 2024, according to the U.S. Green Building Council, over 46,000 residential projects were certified under the LEED green building rating system, with new LEED residential project registrations in 2023 rising nearly 5% from the previous year. The growing interest in sustainable construction materials is therefore driving the CO2 mineralization market.
Companies in the CO2 mineralization market are developing innovative solutions such as in-situ mineralization, which converts CO2 into stable minerals for permanent underground storage. In-situ mineralization involves injecting CO2 into underground rock formations, where it reacts with naturally occurring minerals to form solid carbonates, permanently storing carbon within the Earth. In April 2024, Deep Sky Corp., a Canada-based carbon removal technology company, partnered with Carbfix hf, an Iceland-based carbon capture and storage company, to launch the first CO2 mineralization storage project in Quebec. The project injects CO2 into underground basaltic rocks, where it rapidly mineralizes into stable stone, creating scalable and commercially viable carbon storage solutions to support global net-zero goals.
In January 2023, Abu Dhabi National Oil Company (ADNOC) partnered with climate tech company 44.01 to pilot a carbon-to-rock project in Fujairah, UAE. The project aims to permanently eliminate CO2 emissions by mineralizing captured carbon into stable rock formations within peridotite-rich geological sites. 44.01, a UK-based carbon sequestration company, provides CO2 mineralization services that enable safe, long-term carbon storage.
Major companies operating in the carbon dioxide (co2) mineralization market are Heidelberg Materials AG, CEMEX S.A.B. de C.V., Lhoist Group S.A., Solidia Technologies Inc., Neustark AG, Calix Limited, Carbon Upcycling Technologies Inc., CarbiCrete Inc., Deep Sky Corp., Mineral Carbonation International Pty Ltd., CarbonBuilt LLC, Baie Minerals Inc., Green Minerals AS, Paebbl Inc., Blue Skies Minerals Inc., CO2 Lock Corporation, CarbonFree Chemicals Holdings LLC, Travertine Technologies Inc., Karbonetiq Inc, Carbfix hf.
North America was the largest region in the carbon dioxide (CO2) mineralization market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carbon dioxide (CO2) mineralization report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the carbon dioxide (CO2) mineralization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The carbon dioxide (CO2) mineralization market consists of revenues earned by entities by providing services such as project management and implementation, monitoring, verification, and reporting, maintenance and operational support, and carbon credit and certification services. The market value includes the value of related goods sold by the service provider or included within the service offering. The carbon dioxide (CO2) mineralization market also includes sales of carbonate-based building materials, synthetic minerals, soil amendment products, industrial fillers and additives, and magnesium-based cements. 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.
Carbon Dioxide (CO2) Mineralization 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 carbon dioxide (co2) mineralization 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 carbon dioxide (co2) mineralization ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The carbon dioxide (co2) mineralization 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.