Innovations and a Global Commitment to Net Zero Targets and CO2 Utilization Will Create a Paradigm Shift in Deployment
Direct air carbon capture (DACC) is a negative-emission carbon dioxide reduction technology that directly captures CO2 from the air with solid or liquid adsorbents/solvents and then uses a heat source to desorb the CO2. It is a rapidly emerging and dynamic segment of the carbon capture, utilization, and storage industry.
DACC is still in the early stages of development and faces many challenges, but it will play a pivotal role in companies’ decarbonization strategies in the decades ahead. As decarbonization becomes a priority across many industries and carbon-neutrality deadlines approach, DACC will present growth opportunities in the next decade and beyond in the areas of technological innovation, business model evolution. The industry today is a hotbed of innovation, and the competitive environment includes an array of participants ranging from start-ups to multinational companies.
This study provides a comprehensive analysis of the global DACC market to 2040, including revenue forecasts, carbon capture capacity, prominent technologies, regional splits, industry trends, a competitive analysis, and growth opportunity identification.
