United States Carbon Removal Technology Market is projected to reach US$ 2,176.82 million by 2034 | Top key players - Carbon Engineering, Heirloom Carbon, Holocene.

Market Size and Growth:

The Global Carbon Removal Technology Market size was valued at US$ 733.77 million in 2024 and is projected to reach US$ 2,176.82 million by 2034, growing at a compound annual growth rate CAGR of 14.59% during the forecast period from 2025 to 2034. The Market is growing due to increasing global efforts to combat climate change and rising adoption of carbon capture and removal technologies across industries.

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The Carbon Removal Technology Market refers to the global industry focused on developing and deploying technologies that capture, remove, and store carbon dioxide (CO2) from the atmosphere or industrial emissions. It includes direct air capture, bioenergy with carbon capture, soil carbon sequestration, and ocean-based solutions, aiming to mitigate climate change, achieve net-zero targets, and support sustainable environmental practices.

Industry Recent Developments:

United States:

✅ September 2025: A leading company launched a large-scale direct air capture (DAC) facility in Texas with a removal capacity of 10,000 tons of CO2 annually, utilizing advanced sorbent materials and renewable energy to ensure carbon-neutral operations.

✅ August 2025: A $60 million investment was made to expand carbon capture and utilization technologies in California, targeting industrial-scale CO2 separation and conversion into synthetic fuels.

✅ July 2025: Enhanced mineralization projects were introduced in New Mexico to permanently store captured CO2 in basalt formations, supporting large-scale carbon sequestration in the energy sector.​

Japan:

✅ September 2025: A pilot direct air capture facility capable of removing 5,000 tons of CO2 annually was launched in Tokyo, integrating renewable energy and advanced sorbent materials.

✅ August 2025: A major CCS project achieved a milestone by storing 400,000 tons of CO2 offshore, demonstrating scalability of offshore carbon storage initiatives.

✅ July 2025: The Japan CDR Coalition was officially launched by major public and private players to accelerate the adoption and deployment of carbon removal technologies nationwide, aiming for cross-sector collaboration and market standardization.

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Major Key Players:

Climeworks
Carbon Engineering
1PointFive / Occidental
Charm Industrial
Carbfix
Heirloom Carbon
Holocene
CarbonCure Technologies
Carbon Direct
Blue Planet Ltd.

Key Growth Drivers:

1. Stringent Climate Policies:

Government enforcement of aggressive carbon reduction targets and stricter emissions regulations is driving demand for effective carbon removal solutions across industries.

2. Corporate Net-Zero Commitments:

A surge in climate pledges by large corporations, aiming for carbon neutrality, is boosting investment and adoption of carbon capture, storage, and utilization technologies.

3. Advancements in Capture and Storage:

Ongoing breakthroughs in direct air capture, bioenergy with carbon capture, and other innovative removal techniques are improving efficiency and lowering costs, encouraging broader market adoption.

Segments Covered in the Carbon Removal Technology Market:

By Technology: Direct Air Capture (DAC), Bioenergy with Carbon Capture & Storage (BECCS), Biochar Enhanced Mineralisation / Carbon Mineralisation, Ocean-based Removal, Afforestation & Reforestation, Others.

By Application: Industrial Processes, Agriculture & Land Use, Direct Air / Environmental Services, Carbon Credit & Trading Markets, Robotic Process Automation (RPA).

By Storage: Geological Storage, Terrestrial Storage, Ocean Storage, Mineral Storage, Others.

By Project Scale: Technical Removal Projects Nature-Based and Hybrid Projects.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Carbon Removal Technology market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Carbon Removal Technology Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Carbon Removal Technology market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Carbon Removal Technology Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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