According to TechSci Research report, “Direct Air Capture (DAC) Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Direct Air Capture (DAC) Market stood at USD 52.32 Million in 2024 and is anticipated to grow with a CAGR of 4.37% through 2030. Initiatives taken by government based on direct air capture (DAC) has led to favorable market conditions for the Global Direct Air Capture (DAC) Market. Several factors contribute to the growth of various direct air capture (DAC) products.
Many governments have introduced financial incentives to accelerate the commercialization of DAC technologies. These incentives include tax credits, grants, and subsidies to encourage private investment in DAC projects. For example, the United States has implemented the 45Q tax credit, which provides financial support to companies capturing CO2 through DAC and other carbon capture technologies. This credit incentivizes the development of DAC facilities by offering a significant financial return for each tonne of CO2 captured and stored.
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R&D initiatives are driving significant advancements in DAC technologies, particularly in terms of increasing efficiency and reducing operational costs. By exploring new materials, chemical processes, and energy integration techniques, researchers are developing more efficient methods for capturing CO₂ from the atmosphere. Innovations such as novel solvents and advanced filtration technologies are enabling DAC systems to capture carbon more effectively while consuming less energy, which is critical for making these systems commercially viable. As a result, the carbon capture process is becoming more affordable and scalable, contributing to the rapid expansion of the market.
The Global Direct Air Capture (DAC) Market is segmented into technology, end user, regional distribution, and company.
Based on Technology, Liquid DAC have emerged as the dominating segment in the Global Direct Air Capture (DAC) Market in 2024. Liquid DAC systems often use chemical solvents to absorb carbon dioxide from the atmosphere, which enables them to capture CO2 at a higher capacity compared to solid DAC technologies. The use of liquid sorbents provides a more efficient method of capturing CO2, particularly at larger scales, making it an ideal solution for addressing the growing need for carbon removal. The ability to process large volumes of air at high efficiency has made liquid DAC the dominant technology for carbon capture in commercial and industrial applications.
Based on Region, Asia Pacific have emerged as the fastest growing region in the Global Direct Air Capture (DAC) Market in 2024. Asia Pacific is home to some of the world’s fastest-growing economies, including China, India, and Southeast Asian nations. The rapid industrialization in these countries has led to significant carbon emissions, contributing to air pollution and climate change. As economic growth continues, so does the demand for more sustainable and carbon-neutral technologies. DAC, as a scalable solution for carbon capture, presents an attractive opportunity for governments and industries within the region to reduce their carbon footprint and meet international climate commitments.
Major companies operating in Global Direct Air Capture (DAC) Market are:
- Climeworks AG
- Carbon Engineering ULC.
- Heirloom Carbon Technologies, Inc.
- Soletair Power
- CarbonCapture Inc.
- Avnos, Inc.
- Skytree
- RepAir Carbon US Inc.
- Carbyon
- Zero Carbon Systems
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“One of the key contributions of nanotechnology to the DAC market is the improvement of carbon capture efficiency. Nanomaterials, due to their large surface area and unique properties, can significantly increase the capacity for CO₂ adsorption. Materials such as metal-organic frameworks (MOFs), carbon nanotubes, and porous nanomaterials are being researched for their ability to efficiently capture and store CO₂ molecules. These nanomaterials can enhance the selectivity of DAC systems by targeting CO₂ from other gases, making the capture process more effective and energy-efficient. This improvement in efficiency is crucial for reducing the operational costs of DAC systems, which is one of the main barriers to their widespread adoption”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Direct Air Capture (DAC) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology (Solid DAC, Liquid DAC, Electrochemical DAC), By End User (Chemicals & Fuels, Carbon Mineralization, Oil & Gas, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Direct Air Capture (DAC) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Direct Air Capture (DAC) Market.
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