Carbon Capture, Utilization and Storage (CCUS) Absorption

Global Carbon Capture, Utilization and Storage (CCUS) Absorption Market to Reach US$1.8 Billion by 2030

The global market for Carbon Capture, Utilization and Storage (CCUS) Absorption estimated at US$431.9 Million in the year 2024, is expected to reach US$1.8 Billion by 2030, growing at a CAGR of 26.4% over the analysis period 2024-2030. Chemical Absorption, one of the segments analyzed in the report, is expected to record a 30.0% CAGR and reach US$1.3 Billion by the end of the analysis period. Growth in the Physical Absorption segment is estimated at 19.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$113.5 Million While China is Forecast to Grow at 24.8% CAGR

The Carbon Capture, Utilization and Storage (CCUS) Absorption market in the U.S. is estimated at US$113.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$264.7 Million by the year 2030 trailing a CAGR of 24.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 24.6% and 22.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.

Global Carbon Capture, Utilization, and Storage (CCUS) Absorption Market – Key Trends & Drivers Summarized

Why Is the Demand for Carbon Capture, Utilization, and Storage (CCUS) Absorption Increasing

The demand for carbon capture, utilization, and storage (CCUS) absorption technologies is rising due to growing global efforts to reduce greenhouse gas emissions and mitigate climate change. As industries and governments intensify their commitments to achieving net-zero carbon emissions, CCUS has emerged as a critical solution for capturing and repurposing carbon dioxide emissions from industrial processes, power plants, and other high-emission sectors. The increasing pressure from environmental regulations, carbon pricing mechanisms, and corporate sustainability goals has significantly accelerated investments in CCUS absorption technologies.

One of the primary drivers of CCUS expansion is the energy sector, where carbon capture is being integrated into fossil fuel power plants and hydrogen production to lower emissions. Additionally, the development of enhanced oil recovery (EOR) projects and the conversion of captured CO2 into valuable products such as synthetic fuels, chemicals, and building materials have broadened the economic viability of CCUS. As global carbon markets grow and financial incentives for carbon capture increase, CCUS absorption technologies are expected to witness widespread adoption across multiple industries.

How Are Technological Advancements Improving Carbon Capture, Utilization, and Storage (CCUS) Absorption

Innovations in solvent chemistry, process efficiency, and modular capture systems are enhancing the performance and cost-effectiveness of CCUS absorption technologies. One of the most significant advancements is the development of next-generation absorbents, such as amine-based solvents, ionic liquids, and metal-organic frameworks (MOFs), which offer higher CO2 absorption capacity and lower energy requirements for regeneration. These new materials improve the overall efficiency of carbon capture, reducing the energy penalty that has traditionally been a challenge for CCUS implementation.

Another breakthrough is the integration of AI-driven process optimization and real-time monitoring in carbon capture facilities. Advanced analytics and machine learning algorithms are being used to enhance solvent performance, optimize gas-liquid interactions, and predict system efficiencies, making CCUS absorption more reliable and scalable. Additionally, modular and decentralized CCUS units are gaining traction, allowing industries to deploy capture systems at smaller facilities without the need for large-scale infrastructure investments. As research continues, the combination of advanced materials, automation, and process improvements is expected to drive down the costs of CCUS absorption and accelerate adoption worldwide.

Which Market Trends Are Driving Growth in the Carbon Capture, Utilization, and Storage (CCUS) Absorption Industry

The increasing integration of CCUS into industrial decarbonization strategies is one of the most influential trends shaping the market. Hard-to-abate industries such as cement, steel, chemicals, and refining are under growing pressure to reduce their carbon footprints, leading to the adoption of CCUS absorption technologies as a viable solution. Governments and regulatory bodies are also introducing carbon capture tax credits, emissions reduction targets, and cap-and-trade programs, further incentivizing CCUS deployment.

Another key trend influencing market growth is the expansion of carbon utilization applications. Captured CO2 is increasingly being repurposed for sustainable fuels, carbon-negative concrete, and synthetic chemicals, creating additional revenue streams for industries investing in CCUS. Additionally, partnerships between energy companies, technology providers, and environmental organizations are driving large-scale CCUS projects that integrate absorption with geological storage and CO2-to-product conversion technologies. As green hydrogen production gains momentum, CCUS absorption is playing a crucial role in making hydrogen energy truly carbon-neutral by capturing emissions from natural gas reforming and industrial processes.

What Are the Key Growth Drivers Shaping the Future of the Carbon Capture, Utilization, and Storage (CCUS) Absorption Market

The growth in the CCUS absorption market is driven by several critical factors, including stricter emissions regulations, advancements in capture efficiency, and increasing investments in sustainable energy technologies. One of the primary growth drivers is the rising cost of carbon emissions, with more governments implementing carbon pricing policies that make CCUS an economically viable compliance strategy for industries. As carbon credits and trading markets expand, industries that implement CCUS absorption technologies stand to benefit from financial incentives and emissions offset opportunities.

Another crucial driver shaping the market is the scaling up of commercial CCUS projects and government-backed initiatives. Countries such as the United States, Canada, and European nations are investing heavily in CCUS infrastructure, supporting research, and providing funding for demonstration projects. Additionally, cross-sector collaborations are driving innovation, as oil and gas companies, chemical manufacturers, and environmental technology firms work together to develop integrated CCUS solutions. As technological breakthroughs continue to lower costs, improve efficiency, and expand utilization options, CCUS absorption is expected to become a cornerstone of global decarbonization strategies, ensuring long-term sustainability for energy-intensive industries.

SCOPE OF STUDY:

The report analyzes the Carbon Capture, Utilization and Storage (CCUS) Absorption market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Absorption Type (Chemical Absorption, Physical Absorption); End-Use (Oil and Gas End-Use, Power Generation End-Use, Chemical and Petrochemical End-Use, Cement End-Use, Iron and Steel End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 32 Featured) -

• Air Liquide
• Aker Carbon Capture
• BASF SE
• Beach Energy Limited
• Calix Limited
• Carbon Clean
• Carbon Engineering
• CarbonFree
• Chevron Corporation
• Climeworks
• Equinor ASA
• ExxonMobil Corporation
• Fluor Corporation
• Global Thermostat
• Honeywell International Inc.
• JGC Holdings Corporation
• LanzaTech
• Linde plc
• Mitsubishi Heavy Industries, Ltd.
• Occidental Petroleum Corporation

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