Direct Air Capture (DAC) Market to Grow with a CAGR of 4.37% through 2030
Surge in research and development activities is
expected to drive the Global Direct Air Capture (DAC) Market growth in the
forecast period, 2026-2030.
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.
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.
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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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