Direct Air Capture Market Anticipated To Witness Robust Growth, Surpassing $0.69 Billion By 2029

The Direct Air Capture Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Direct Air Capture Market Size and Its Estimated Growth Rate?
The market size of direct air capture has witnessed significant expansion lately. Its growth is projected to escalate from $0.07 billion in 2024 to $0.11 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 65.9%. Factors contributing to the growth in the historic period include concerns around climate change, policy and regulatory backings, initiatives for corporate sustainability, mechanisms for carbon pricing, public consciousness and backing, alongside international collaborations and partnerships.

The market size of direct air capture is predicted to experience significant growth in the coming years, reaching $0.69 billion by 2029 with a compound annual growth rate (CAGR) of 56.7%. This anticipated surge during the forecast period can be traced back to factors such as net-zero emissions targets, the emergence of carbon removal markets, the integration of carbon utilization, climate change resilience and adaptation, interest from investors and financial support, policy synchronisation and global collaboration. Key trends predicted during this upcoming period encompass the utilisation of DAC as a negative emissions technology, alliances between DAC corporations and industrial operations, syncing with carbon utilization initiatives, a rising demand for eco-friendly fuels and materials, enhancements in DAC performance, the creation of scalable and modular systems, extension of installation in industrial sectors, and innovation in DAC technology.

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How Are Emerging Segments Shaping the Direct Air Capture Market Landscape?
The direct air capture market covered in this report is segmented -

1) By Product: Absorption-Based Direct Air Capture (SDAC), Adsorption-Based Direct Air Capture (DAC), Membrane-Based Direct Air Capture (DAC), Cryogenic-Based Direct Air Capture (DAC)
2) By Scale: Pilot-Scale, Demonstration-Scale, Commercial-Scale
3) By Source: Electricity, Heat
4) By Application: Carbon Capture, And Storage (CCS), Carbon Capture, Utilization And Storage (CCUS)
5) By End- Use: Oil And Gas, Food And Beverage, Automotive, Chemicals, Healthcare, Other End-Uses

Subsegments:
1) By Absorption-Based Direct Air Capture (SDAC): Chemical Absorption, Physical Absorption
2) By Adsorption-Based Direct Air Capture (DAC): Solid Adsorbent, Liquid Adsorbent
3) By Membrane-Based Direct Air Capture (DAC): Polymeric Membranes, Inorganic Membranes
4) By Cryogenic-Based Direct Air Capture (DAC): Low-Temperature Adsorption, Cryogenic Distillation

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Which Growth Factors Are Influencing Direct Air Capture Market Expansion?
Escalating apprehensions about the environment, including greenhouse gas emissions, are predicted to bolster the progression of the direct air capture market in the future. Greenhouse gas emissions amount to the discharge of gases like carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) into the environment, which captivate heat resulting in global warming. The prime factors contributing to the surge in these emissions primarily include industrial processes, deforestation, transportation, and farming. Direct air capture technology seems to be a viable solution to cut down greenhouse gas emissions by directly seizing CO2 from the environment. For instance, the US Energy Information Administration, a government agency based in the US, stated in June 2024, that in 2021, the CO2 discharge stood at 35.72 billion metric tons, which escalated to 38.50 billion metric tons in 2022. Hence, the escalating apprehensions about the environment, such as greenhouse gas emissions, are fueling the momentum of the direct air capture market.

Who Are the Dominant Players Across Different Direct Air Capture Market Segments?
Major companies operating in the direct air capture market are Mosaic Materials Inc., Sunfire GmbH, National Energy Technology Laboratory, Climeworks AG, Carbon Clean Solutions Limited, Carbon Engineering Ltd., Heirloom Carbon Technologies Inc., Oak Ridge National Laboratory, Skytree Technologies AS, CarbonCapture Inc., Immaterial Inc., Global Thermostat Inc., Spiritus Systems, Synhelion AG, Infinitree Inc., Avnos Inc., Noya PBC, RepAir LLC, MISSION ZERO TECHNOLOGIES Inc., Carbyon Inc., Sustaera Inc., Southern Green Gas Limited, Octavia Carbon, Inc., Capture6 Inc.

What Are the Latest Developing Trends in the Direct Air Capture Market?
Leading firms in the direct air capture market are honing their focus on the development and introduction of innovative systems like the hybrid direct air capture system for a market advantage. The said system is a technological breakthrough that amalgamates various strategies to extract carbon dioxide (CO2) directly from atmosphere. To illustrate, Avnos, Inc., a United States-based energy company, announced the launch of the initial hybrid direct air capture system (HDAC) in November 2023. This joint venture with Southern California Gas Company, a utility firm based in the US, is a pilot project meant to demonstrate the scalability of the technology up to 1,000% from its existing version. The unique HDAC technology not only extracts CO2 from the atmosphere but also creates water using electricity. It employs a two-stage system, which first dehydrates the air and then removes CO2. The CO2 is then compressed for transport, storage or usage, while water vapor is condensed into reusable liquid water.

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Which Geographic Regions Are Expected to Dominate the Direct Air Capture Market in the Coming Years?
North America was the largest region in the direct air capture market in 2024. The regions covered in the direct air capture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Direct Air Capture Market?
2. What is the CAGR expected in the Direct Air Capture Market?
3. What Are the Key Innovations Transforming the Direct Air Capture Industry?
4. Which Region Is Leading the Direct Air Capture Market?

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