Carbon Dioxide (CO2) Mineralization Market Report 2026

The carbon dioxide (CO2) mineralization market size has grown rapidly in recent years. It will grow from $1.37 billion in 2025 to $1.6 billion in 2026 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to increasing demand for carbon capture solutions, growing use of mineralization in building materials, adoption of magnesium-based cements, rising industrial emissions reduction initiatives, regulatory support for CO₂ management.

The carbon dioxide (CO2) mineralization market size is expected to see rapid growth in the next few years. It will grow to $2.94 billion in 2030 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to increasing integration of advanced mineralization technologies, expansion of ex-situ and in-situ mineralization projects, development of scalable industrial applications, rising adoption of enhanced weathering methods, growth in carbon credit and certification services. Major trends in the forecast period include adoption of direct and indirect co₂ mineralization technologies, expansion of enhanced weathering processes, deployment of carbonate-based building materials, integration of magnesium-based cements, implementation of monitoring and verification systems.

The rising demand for sustainable construction materials is expected to drive the growth of the carbon dioxide (CO₂) mineralization market. Sustainable construction materials are environmentally responsible, resource-efficient, and designed to minimize negative impacts throughout their life cycle, from production and use to disposal or recycling. The demand for these materials is increasing due to growing environmental awareness among consumers, governments, and industries, which emphasizes reducing carbon footprints and promoting eco-friendly building practices. Carbon dioxide mineralization supports sustainable construction by converting captured CO₂ into stable carbonates that can be used as eco-friendly building materials, reducing emissions and fostering a circular construction economy. For example, in July 2024, according to the U.S. Green Building Council, over 46,000 residential projects were certified under the LEED green building rating system, with new LEED residential project registrations in 2023 rising nearly 5% from the previous year. The growing interest in sustainable construction materials is therefore driving the CO₂ mineralization market.

Companies in the CO₂ mineralization market are developing innovative solutions such as in-situ mineralization, which converts CO₂ into stable minerals for permanent underground storage. In-situ mineralization involves injecting CO₂ into underground rock formations, where it reacts with naturally occurring minerals to form solid carbonates, permanently storing carbon within the Earth. In April 2024, Deep Sky Corp., a Canada-based carbon removal technology company, partnered with Carbfix hf, an Iceland-based carbon capture and storage company, to launch the first CO₂ mineralization storage project in Quebec. The project injects CO₂ into underground basaltic rocks, where it rapidly mineralizes into stable stone, creating scalable and commercially viable carbon storage solutions to support global net-zero goals.

In January 2023, Abu Dhabi National Oil Company (ADNOC) partnered with climate tech company 44.01 to pilot a carbon-to-rock project in Fujairah, UAE. The project aims to permanently eliminate CO₂ emissions by mineralizing captured carbon into stable rock formations within peridotite-rich geological sites. 44.01, a UK-based carbon sequestration company, provides CO₂ mineralization services that enable safe, long-term carbon storage.

Major companies operating in the carbon dioxide (CO2) mineralization market are Heidelberg Materials AG, CEMEX S.A.B. de C.V., Lhoist Group S.A., Solidia Technologies Inc., Neustark AG, Calix Limited, Carbon Upcycling Technologies Inc., CarbiCrete Inc., Deep Sky Corp., Mineral Carbonation International Pty Ltd., CarbonBuilt LLC, Baie Minerals Inc., Green Minerals AS, Paebbl Inc., Blue Skies Minerals Inc., CO2 Lock Corporation, CarbonFree Chemicals Holdings LLC, Travertine Technologies Inc., Karbonetiq Inc, Carbfix hf.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the carbon dioxide (CO₂) mineralization market by increasing costs for imported mineralization equipment, carbonate-based building materials, synthetic minerals, soil amendments, and magnesium-based cements. Construction, oil and gas, chemical, and power generation sectors in Asia-Pacific, Europe, and North America are most affected due to reliance on imported materials and technologies. Nevertheless, tariffs are promoting domestic production, local sourcing, and innovation in CO₂ mineralization processes and materials, enhancing climate mitigation efforts and supply chain resilience.

The carbon dioxide (CO₂) mineralization market research report is one of a series of new reports that provides carbon dioxide (CO₂) mineralization market statistics, including carbon dioxide (CO₂) mineralization industry global market size, regional shares, competitors with a carbon dioxide (CO₂) mineralization market share, detailed carbon dioxide (CO₂) mineralization market segments, market trends and opportunities, and any further data you may need to thrive in the carbon dioxide (CO₂) mineralization industry. This carbon dioxide (CO₂) mineralization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Carbon dioxide (CO₂) mineralization refers to the process of transforming carbon dioxide gas into stable solid minerals, such as carbonates, through natural or engineered chemical reactions. This method permanently locks away CO₂, helping reduce greenhouse gas emissions and supporting efforts to mitigate climate change.

The key technologies of carbon dioxide (CO₂) mineralization include direct aqueous mineralization, indirect mineralization, enhanced weathering, and others. Direct aqueous mineralization refers to a carbon dioxide (CO₂) mineralization method in which CO₂ reacts directly with aqueous solutions containing metal ions, producing stable carbonate minerals for long-term carbon storage. The process utilizes various feedstocks such as natural minerals, industrial waste, and more. These technologies are applied across multiple areas, including carbon capture and storage, building materials, industrial operations, and environmental remediation, and serve a diverse range of end-users such as construction, oil and gas, chemical industries, power generation, and others.North America was the largest region in the carbon dioxide (CO2) mineralization market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carbon dioxide (CO₂) mineralization report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the carbon dioxide (CO₂) mineralization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon dioxide (CO₂) mineralization market consists of revenues earned by entities by providing services such as project management and implementation, monitoring, verification, and reporting, maintenance and operational support, and carbon credit and certification services. The market value includes the value of related goods sold by the service provider or included within the service offering. The carbon dioxide (CO₂) mineralization market also includes sales of carbonate-based building materials, synthetic minerals, soil amendment products, industrial fillers and additives, and magnesium-based cements. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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