Global Carbon Dioxide Removal Market Overview:

According to MarkNtel Advisors study the Global Carbon Dioxide Removal Market size is valued at around USD 1.2 billion in 2024 and is estimated to grow at a CAGR of around 18.26% during the forecast period, i.e., 2023-28. The market is still in its early stages is predicted to grow significantly in the coming years as countries companies seek to reduce greenhouse gas emissions meet their climate goals owing to the rising effects of carbon emissions, such as climate change, biodiversity loss, etc., and increasing government focus on protecting the environment. Thus, various international national efforts, like coalitions, conventions for climate change, and others, are being taken by countries across the world to reduce the growth of global warming by lowering carbon emissions initially. 

Key Findings of the Study: Carbon Dioxide Removal market

Global Carbon Dioxide Removal Market Possible Restraint:

Complex Carbon Accounting Calculation - The primary issue in the Global Carbon Dioxide Removal Market has been a lack of knowledge of carbon accounting calculations, as estimating the levels of carbon offset during the production process is extremely complex, hence delaying the adoption process of carbon removal methods. Nonetheless, quantifying the number of carbon emissions from multiple processes of a complete manufacturing unit has proven difficult for companies in recent years. As a result, when original equipment manufacturers are unable to demonstrate the emission-free product that they are offering, the market's complete development is hampered.

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Scope of the Carbon Dioxide Removal Market Report Segmentation

-By Technology

• Direct Air Capture (DAC)- Market Size Forecast 2018-2028, USD Million
• Biochar- Market Size Forecast 2018-2028, USD Million
• Enhanced Mineralization- Market Size Forecast 2018-2028, USD Million
• Ocean Alkalization- Market Size Forecast 2018-2028, USD Million
• Others (Solid Sorbent, etc.)- Market Size Forecast 2018-2028, USD Million

-By Application

• Industrial- Market Size Forecast 2018-2028, USD Million
• Transportation- Market Size Forecast 2018-2028, USD Million
• Buildings Infrastructure- Market Size Forecast 2018-2028, USD Million

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Geographical analysis:

-By Region

• North America
• Europe
• The Middle East Africa
• Asia-Pacific

Of all the regions across the globe, North America is experiencing an upsurge in demand for carbon dioxide removal infrastructure owing to the presence of policy measures initiatives taken by countries such as the US Canada to achieve the goals set up for mitigating the effect of climate change, including CarbonSafe, Low Carbon Economy Fund, and others. The large number of investments made by regional governments in carbon capture projects are improving the market growth in the geography.

Global Carbon Dioxide Removal Industry Recent Developments

• 2023: Climeworks signed a 13-year agreement with Partners Group Holding, a private equity firm, to capture store more than 7,000 metric tons of CO2 from the atmosphere on behalf of Partners Group. It is part of Partners Group's plan to become carbon neutral by 2030.
• 2023: Global Thermostat unveiled the largest direct air capture unit in the US with a capacity of capturing over 1,000 tons of carbon per year in Commerce City, Colorado.

Current Landscape of Carbon Dioxide Removal Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Carbon Dioxide Removal market. The research report profiles major players, including

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• Climeworks AG
• Global Thermostat
• Carbon Engineering Ltd.
• Arca
• Cella Mineral Storage Inc.
• Bussme Energy AB
• Carbofex Ltd.
• Oregon Biochar Solutions
• Wakefield BioChar
• Novocarbo GmbH
• Carbicrete
• Neustark Ag
• Ebb Carbon
• CarbonCure Technologies Inc.
• CarbonFree
• Carbfix hf.
• Blue Planet Systems
• Pacific Biochar Benefit Corporation
• HEIMDAL
• Charm Industrial

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MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.

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