- The carbon dioxide removal market is experiencing steady growth as industries seek sustainable solutions to meet environmental targets and reduce atmospheric emissions
- The adoption of innovative carbon capture technologies is expanding across sectors including power generation, manufacturing, and agriculture
- North America dominated the carbon dioxide removal (CDR) market with the largest revenue share in 2024, supported by strong regulatory frameworks, technological advancements, and investments in large-scale pilot projects across the U.S. and Canada
- Asia-Pacific region is expected to witness the highest growth rate in the global carbon dioxide removal (CDR) market, driven by increasing investments in clean energy technologies, strong government decarbonization targets, and expanding industrial infrastructure across countries such as China, Japan, and India
- The direct air capture segment held the largest market revenue share in 2024, owing to rising investments in engineered carbon removal and its potential to remove emissions at scale. DAC is increasingly being adopted by corporations and governments aiming for precise carbon accounting, with deployments supported by favorable policies and funding in North America and Europe. Its integration into carbon credit programs further strengthens its commercial viability
