Global Carbon Dioxide Removals market to reach $25 billion by 2029 with strong growth drivers.

From GlobeNewswire: 2025-04-24 15:02:00

The Global Carbon Dioxide Removals (CDR) Market is projected to grow from $3.4 billion in 2024 to $25.0 billion by 2029, with a 49.0% CAGR. North America leads due to market players, technology infrastructure, and demand for CDR technologies. The report covers technology, buyers, and regions, excluding CCUS methods like post-combustion.

Government funding for carbon removal projects and stricter regulations are driving businesses to adopt cleaner technologies. CCUS technologies are in demand as industries seek ways to capture and store CO₂. The market report provides insights into key players, emerging technologies, and market growth drivers.

DAC costs are lower in regions with renewable energy sources, like China and Russia. EMEA sees strong CDR growth due to sustainability goals and regulations. Key players focus on specialized areas like Climeworks in DAC and Aperam BioEnergia in BECCS. Biochar offers cost-effective carbon removal potential of 2.65 billion tCO₂e annually.

The global CDR market is expected to reach $25.0 billion by 2029 with a 49% CAGR. Key drivers include government funding, stricter regulations, and increasing demand for CCUS technologies. The market covers technology types and carbon credit buyers. The finance segment is projected to dominate the market by 2029.

North America holds the highest market share in the CDR market due to leading players, technology infrastructure, and increasing initiatives for carbon removal. The report provides insights into market size, growth rate, segments covered, and key market drivers. Leading companies in the market focus on specialized areas like DAC and BECCS.



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