DUBLIN–(BUSINESS WIRE)–The “Carbon Dioxide Removals (CDR) Market” report has been added to ResearchAndMarkets.com’s offering.
The Carbon Dioxide Removals (CDR) Market was valued at USD 3.4 billion in 2024, and is expected to reach USD 25 billion by 2029, rising at a CAGR of 49%.
CDR technologies include land- and ocean-based technologies such as biochar, direct air capture (DAC), bioenergy carbon capture and sequestration (BECCS), and ocean alkalinization. However, carbon capture, utilization, and storage (CCUS) technologies such as post-combustion, pre-combustion, and oxy-fuel combustion are outside the scope of the report.
The majority of greenhouse gas (GHG) emissions are generated by developed countries with high industrialization growth. This has created a significant carbon debt that needs to be addressed. Developing countries in the Asia-Pacific and Middle East and Africa (MEA) regions have experienced rapid economic growth, leading to a surge in their carbon emissions.
This is primarily due to increased industrial activity, often relying on fossil fuels, growing energy demand for both industrial and residential purposes, and deforestation and unsustainable land-use practices. According to the United Nations Conference on Trade and Development (UNCTAD), three countries – China, the U.S., and India – account for more than 50% of CO2 emissions, and 20 countries account for 80% of the global emissions.
Manufacturing and processing industries are the foundation for flourishing economic growth and are the core of global efforts towards clean energy transition. Industrial emissions, occurring from process-related and energy-intensive activities, are often difficult to reduce. To support the transition towards a sustainable future, a comprehensive strategy is needed. CDR technologies offer a solution to mitigate these emissions and support the decarbonization of heavy industries. The global CDR market has strong growth potential in the coming years due to worldwide initiatives to achieve net zero emissions.
CDR, also known as geoengineering or carbon geoengineering, is gaining global recognition as a potential solution to the climate crisis despite concerns about its unknown impacts on biodiversity and lack of international regulation. While UN bodies such as the Convention on Biological Diversity (CBD) oppose CDR, others like the UN Framework Convention on Climate Change (UNFCCC) are more supportive, promoting it through mechanisms like Article 6.4 of the Paris Agreement and ocean climate change proposals. The U.S., Saudi Arabia, the U.K., Japan, and the EU are proponents of CDR technologies, whereas the evidence of CDR projects and their implications are less evident in regions such as Mexico, Africa and South America.
The report includes:
- 40 data tables and 82 additional tables
- Analysis of trends in the global market for carbon dioxide removals (CDR), featuring revenue data for 2023, estimated figures for 2024, forecasts for 2025 and 2027, and projections of compound annual growth rates (CAGRs) through 2029
- Estimates of the current market size and revenue growth prospects, accompanied by a market share analysis by technology type, carbon credit buyer and geographical region
- Coverage of technological advances in CDR technologies and the current and future market potential, as well as an analysis of the regulatory framework and reimbursement scenarios
- Market share analysis of the key companies in the industry and coverage of mergers and acquisitions, joint ventures, collaborations and partnerships
- Profiles of the leading market participants, including Aperam BioEnergia, Climeworks AG, Carbofex Ltd., Carbon Engineering ULC., and Exomad Green
Competitive Intelligence
- Aperam Bioenergia
- Arca
- Bussme Energy AB
- Carbofex Ltd.
- Carbon Engineering Ulc.
- Carbonfree
- Carbfix Hf.
- Cella Mineral Storage Inc.
- Climeworks
- EBB Carbon Inc.
- Exomad Green
- Global Thermostat (Zero Carbon Systems)
- Novocarbo GmbH
- Neustark AG
- Orsted A/S
- Pacific Biochar Benefit Corp.
- Stockholm Exergi AB
- Wakefield Biochar
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 131 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $3.4 Billion |
| Forecasted Market Value (USD) by 2029 | $25 Billion |
| Compound Annual Growth Rate | 49.0% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Overview
- Porter’s Five Forces Analysis
- Competition in the Industry
- Value Chain Analysis: CDR
- Overview
- SWOT Analysis of CDR
- Climate Change Policies and Regulations
- Carbon Pricing
- Paris Agreement
- United States
- Europe
- Climate Target Policies
Chapter 3 Market Dynamics
- Market Dynamics Snapshot
- Market Drivers
- Government Funding for Carbon Removal Projects
- Impact of Stricter Carbon Regulations
- Market Challenges
- Governance Gap in CDRs
- Non-Disclosure of CDR Deals
- Lack of Technological Advances
- Market Opportunities
- Increasing Demand for CCUS
- Market Restraints
- Support from financial institutions for carbon-intensive projects
- Project shutdowns due to cost and technical issues
Chapter 4 Emerging Technologies and Developments
- Overview
- CDR Start-ups on the Rise
- Hybrid DAC Technology (HDAC)
- Electro-swing Adsorption
- Moisture-swing Adsorption
- Membrane-based Separation (m-DAC)
- Algae-based Biochar
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Analysis by Technology
- BECCS
- DAC
- Biochar
- Enhanced Weathering/Mineralization
- Other CDR Technologies
- Market Analysis by Carbon Credit Buyer
- Finance Sector
- Technology Sector
- Other Sectors
- Geographic Breakdown
- Market Analysis by Region
- North America
- EMEA
- APAC
- South America
Chapter 6 Competitive Intelligence
- Aperam Bioenergia
- Arca
- Bussme Energy AB
- Carbofex Ltd.
- Carbon Engineering Ulc.
- Carbonfree
- Carbfix Hf.
- Cella Mineral Storage Inc.
- Climeworks
- EBB Carbon Inc.
- Exomad Green
- Global Thermostat (Zero Carbon Systems)
- Novocarbo GmbH
- Neustark AG
- Orsted A/S
- Pacific Biochar Benefit Corp.
- Stockholm Exergi AB
- Wakefield Biochar
Chapter 7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/lb5j3l
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