Carbon Capture Chemicals Global Market Report 2025

The carbon capture chemicals market size has grown rapidly in recent years. It will grow from $1.57 billion in 2024 to $1.82 billion in 2025 at a compound annual growth rate (CAGR) of 16.1%. Growth during the historic period can be linked to stronger environmental regulations and policies, rising corporate sustainability commitments, increasing industrial adoption of carbon capture technologies, growing investments in carbon capture research and development, and heightened awareness of climate change impacts on business operations.

The carbon capture chemicals market size is expected to see rapid growth in the next few years. It will grow to $3.28 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. Growth in the forecast period can be attributed to stricter carbon emission reduction requirements, rising demand for clean energy technologies, expanding industrial use of carbon capture, utilization, and storage, increasing investments in carbon-neutral chemical processes, and growing government incentives supporting decarbonization initiatives. Key trends expected in the forecast period include improvements in the efficiency of amine-based solvents, development of low-cost sorbent regeneration methods, innovations in solid adsorbent materials for direct air capture, advancements in bio-based carbon capture chemical production, and the emergence of hybrid solvent-adsorbent systems for industrial CO₂ removal.

The growing adoption of carbon capture and storage (CCS) projects is expected to drive the expansion of the carbon capture chemicals market in the coming years. CCS projects are initiatives that capture carbon dioxide (CO₂) emissions from industrial processes or power plants and store them safely underground to prevent their release into the atmosphere, mitigating climate change. The adoption of CCS projects is rising due to the urgent global need to reduce CO₂ emissions and meet climate targets. Carbon capture chemicals play a critical role in these projects by providing efficient and reliable solutions to capture CO₂ from industrial emissions and the atmosphere. They enhance the effectiveness of carbon removal processes, lower greenhouse gas levels, and help industries achieve sustainability objectives and net-zero goals. For example, in 2023, the Global CCS Institute, an Australia-based non-profit think tank, reported that as of July 2023, the development pipeline for CCS facilities reached a record high of 392 projects, reflecting a 102% year-on-year growth. Therefore, the increasing adoption of CCS projects is fueling the growth of the carbon capture chemicals market.

Key companies in the carbon capture chemicals market are focusing on technologically advanced solutions, such as direct air capture (DAC) technologies, to mitigate climate impact and achieve net-zero targets. DAC technologies involve removing CO₂ directly from the atmosphere using chemical solutions or solid sorbents, with the captured CO₂ either stored underground or utilized in products, helping reduce atmospheric carbon and combat climate change. For instance, in March 2025, Saudi Aramco, a Saudi Arabia-based chemicals manufacturing company, launched a direct air capture (DAC) test unit to remove CO₂ directly from the atmosphere for evaluation purposes. DAC technologies offer advantages such as scalability, precise carbon measurement, operational flexibility, and a smaller land footprint compared to nature-based solutions. They are particularly valuable for hard-to-abate sectors by capturing emissions that are otherwise difficult to eliminate, making DAC essential for achieving net-zero emissions and a sustainable circular carbon economy.

In March 2024, SLB Ltd., a US-based technology company, acquired a majority stake in Aker Carbon Capture ASA for $380 million. Through this acquisition, SLB Ltd. aims to combine its technology and industrial expertise with Aker Carbon Capture’s solutions to accelerate global deployment of carbon capture technologies, reduce the cost of carbon capture, and promote large-scale industrial decarbonization. Aker Carbon Capture ASA, a Norway-based technology company, specializes in carbon capture chemicals.

Major players in the carbon capture chemicals market are ExxonMobil Corporation, Shell plc, BASF SE, Dow Inc., Mitsubishi Heavy Industries Ltd., Air Liquide S.A., INEOS Group, SUEZ S.A., Tosoh Corporation, Solvay S.A., Huntsman Corporation, GEA Group, Aker Solutions, Hitachi Zosen Corporation, Honeywell UOP, Carbon Clean, Koch Engineered Solutions, Toshiba Energy Systems & Solutions Corporation, Zeochem AG, and Capsol Technologies AS.

North America was the largest region in the carbon capture chemicals market in 2024. The regions covered in carbon capture chemicals report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the carbon capture chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.

The carbon capture chemicals market research report is one of a series of new reports that provides carbon capture chemicals market statistics, including carbon capture chemicals industry global market size, regional shares, competitors with a carbon capture chemicals market share, detailed carbon capture chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the carbon capture chemicals industry. This carbon capture chemicals 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 capture chemicals are specialized substances used to capture and remove carbon dioxide (CO₂) from industrial emissions or directly from the atmosphere. These chemicals bind CO₂ through chemical reactions or physical absorption. They help lower greenhouse gas emissions and mitigate climate change by preventing CO₂ from being released into the environment.

The primary types of carbon capture chemicals include post-combustion capture, pre-combustion capture, and oxy-fuel combustion capture. Post-combustion capture focuses on removing CO₂ from flue gases after fuel combustion using chemical solvents or adsorbents. The main chemical categories used include amine-based compounds, sodium hydroxide, ammonia, calcium oxide, and others, with applications in power plants, industrial operations, direct air capture, enhanced oil recovery, and additional sectors.

The carbon capture chemicals market consists of sales of amine-based solvents, carbonate-based solvents, amino acid salts, ionic liquids, enzyme-based solvents, alkali-based sorbents, and physical solvents. 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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