Global CCUS Absorption Market Size Study & Forecast, by CO2 Source, Absorption Process, Deployment Status, Application, End-user Industry and Regional Forecasts 2025-2035

The Global CCUS Absorption Market is valued at approximately USD 0.73 billion in 2024 and is expected to expand at a compound annual growth rate of more than 7.30% during the forecast period from 2025 to 2035. Carbon Capture, Utilization, and Storage (CCUS) absorption technologies have emerged as a cornerstone of global decarbonization efforts, especially in hard-to-abate sectors. These systems capture carbon dioxide from various emission sources using solvent-based or membrane-based solutions, ensuring it is either stored underground or repurposed for industrial use. Amidst the accelerating pace of climate change and increasingly stringent emission regulations, CCUS absorption solutions are not only becoming vital for sustainable industrial processes but are also gaining traction as investment-worthy technologies across both developed and developing economies.

The growing urgency to meet national and corporate net-zero targets, particularly in the oil & gas, cement, steel, and energy production sectors, has catalyzed the adoption of CCUS absorption solutions. The rising CO2 emissions from power generation and industrial production have pushed governments to introduce aggressive carbon taxation, carbon offset markets, and infrastructure funding initiatives. According to the International Energy Agency (IEA), nearly 1.5 billion tons of CO2 must be captured annually by 2030 to stay aligned with global climate goals. This backdrop presents massive growth opportunities for aqueous amine- and membrane-based absorption processes, especially as innovations around energy efficiency and scalability continue to refine deployment economics. Furthermore, the increasing integration of CCUS in carbon-to-value projects-where captured carbon is repurposed for fuel, chemicals, or building materials-has opened up entirely new commercial pathways.

Regionally, North America commands a dominant share of the global CCUS Absorption Market due to extensive policy support, deep investment pipelines, and a robust legacy of enhanced oil recovery operations. The U.S. Inflation Reduction Act and Canada's carbon pricing initiatives have accelerated project rollouts and de-risked private capital participation. Meanwhile, Europe follows closely with ambitious climate targets under the EU Green Deal, reinforcing demand across manufacturing hubs. On the other hand, Asia Pacific is forecasted to exhibit the highest growth over the coming decade. Countries such as China, Japan, and South Korea are ramping up CCUS pilot and commercialized installations as they recalibrate energy security and climate responsibility. Additionally, GCC nations in the Middle East are also actively exploring large-scale CCUS deployments to decarbonize their hydrocarbon-rich economies while maintaining export competitiveness.

Major market players included in this report are:

• Shell PLC
• ExxonMobil Corporation
• BASF SE
• Aker Solutions ASA
• Mitsubishi Heavy Industries Ltd.
• Hitachi Ltd.
• Fluor Corporation
• Siemens Energy AG
• Schlumberger Limited
• Baker Hughes Company
• Honeywell International Inc.
• Equinor ASA
• Linde plc
• TotalEnergies SE
• General Electric Company

Global CCUS Absorption Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By CO2 Source:

• Industrial
• Power Generation
• Transportation
• Iron and Steel Production

By Absorption Process:

• Aqueous Amine
• Solid Adsorbents
• Liquid Amine
• Membrane Separation

By Deployment Status:

• Commercialized
• Pilot/Demonstration Projects
• Research and Development

By Application:

• Carbon Sequestration
• Enhanced Oil Recovery
• Carbon Capture and Utilization

By End-user Industry:

• Oil and Gas
• Chemicals and Refineries
• Power
• Manufacturing

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.