CO2 Post-combustion Capture Technology Global Market Report 2025

The CO₂ post-combustion capture technology market size has grown rapidly in recent years. It will grow from $11.51 billion in 2024 to $13.24 billion in 2025 at a compound annual growth rate (CAGR) of 15%. The growth in the historic period can be attributed to increasing regulations on carbon emissions, rising demand for cleaner energy, growing adoption of carbon capture in power plants, increasing investments in CCS projects, and rising environmental awareness among industries.

The CO₂ post-combustion capture technology market size is expected to see rapid growth in the next few years. It will grow to $22.87 billion in 2029 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period linked to increasing advancements in solvent technologies, growing integration of AI for process optimization, rising government incentives and subsidies, increasing scale of commercial carbon capture projects, and rising partnerships for technology development. Major trends in the forecast period include advancement in amine-based solvents, integration of AI and machine learning, innovation in membrane separation technologies, development of energy-efficient capture processes, and advancement in solvent regeneration methods.

Rising public awareness of climate change is expected to drive the growth of the CO₂ post-combustion capture technology market in the coming years. Climate change refers to long-term changes in Earth's climate patterns, including rising temperatures, shifting precipitation, and more frequent extreme weather events, largely driven by human activities such as greenhouse gas emissions. Public awareness is increasing due to widespread media coverage highlighting the visible impacts and urgent consequences of climate change, which informs, engages, and motivates action. CO₂ post-combustion capture technology helps mitigate climate change by capturing carbon dioxide emissions from industrial flue gases, preventing them from entering the atmosphere and reducing greenhouse gas accumulation. For example, in January 2024, a report by the National Centers for Environmental Information (NCEI), a US-based government organization, indicated that in 2023 the U.S. experienced 28 weather and climate disasters, each causing damages exceeding $1 billion. Therefore, rising public awareness of climate change is driving the growth of the CO₂ post-combustion capture technology market.

Key companies in the CO₂ post-combustion capture technology market are emphasizing technological innovations, such as advanced amine-based solvent systems, to improve capture efficiency, reduce energy consumption, and lower operational costs in industrial and power generation applications. Advanced amine-based solvent systems are specialized chemical solutions that efficiently capture carbon dioxide from industrial flue gases while minimizing energy consumption during regeneration. For instance, in December 2023, Lummus Technology LLC, a US-based technology company, partnered with Toshiba Energy Systems & Solutions Corporation, a Japan-based energy solutions provider, to advance carbon capture solutions. The collaboration aims to accelerate the deployment of innovative technologies that reduce industrial CO₂ emissions by combining Lummus’s expertise in process technology with Toshiba’s energy systems innovation. Together, they seek to deliver efficient, large-scale solutions for industries with high carbon footprints, providing scalable and sustainable pathways for decarbonization. The partnership focuses on optimizing performance, reducing operational costs, and enhancing adoption of post-combustion capture technologies, reflecting a shared commitment to combating climate change, supporting global net-zero goals, and promoting cleaner industrial processes.

In December 2023, CF Industries Holdings, Inc., a US-based chemical manufacturing company, acquired Incitec Pivot Limited (IPL) for an undisclosed amount. Through this acquisition, CF Industries Holdings aims to expand its ammonia-production footprint, deploy capital efficiently, and achieve immediate profitable growth by integrating IPL’s Waggaman facility into its network, while advancing its long-term strategic focus on low-carbon ammonia as a clean-energy source. Incitec Pivot Limited (IPL), based in Australia, provides CO₂ post-combustion capture technology.

Major companies operating in the co2 post-combustion capture technology market are Shell plc, Siemens Energy AG, Linde plc, Mitsubishi Heavy Industries Ltd., Fluor Corporation, AKER SOLUTIONS ASA, UOP LLC, Babcock & Wilcox Enterprises Inc., Dakota Gasification Company, Svante Inc., Blue Skies Minerals GmbH, Carbon Clean Solutions Private Limited, LanzaTech Global Inc., Toshiba Energy Systems & Solutions Corporation, CarbonBuilt Inc., Mantel Technologies Inc., CarbonFree Chemicals Holdings LLC, Capsol Technologies AS, Limenet srl Benefit Corporation, ION Clean Energy Inc.

North America was the largest region in the CO₂ post-combustion capture technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in CO₂ post-combustion capture technology report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the CO₂ post-combustion capture technology 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 rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.

The CO₂ post-combustion capture technology market research report is one of a series of new reports that provides CO₂ post-combustion capture technology market statistics, including carbon dioxide recycling methanol industry global market size, regional shares, competitors with a CO₂ post-combustion capture technology market share, detailed CO₂ post-combustion capture technology market segments, market trends and opportunities, and any further data you may need to thrive in the CO₂ post-combustion capture technology industry. This CO₂ post-combustion capture technology 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.

CO₂ post-combustion capture technology refers to the process of capturing carbon dioxide (CO₂) from flue gases released after the combustion of fossil fuels in power plants and industrial operations. This technology commonly uses chemical solvents, membranes, or adsorption methods to separate and remove CO₂ from gas mixtures, preventing it from entering the atmosphere. The captured CO₂ is then compressed for transportation and storage or further utilization, helping reduce greenhouse gas emissions and support climate change mitigation efforts.

The primary types of CO₂ post-combustion capture technology include chemical absorption, physical absorption, and membrane separation. Chemical absorption in CO₂ post-combustion capture refers to the use of chemical solvents that selectively absorb carbon dioxide from flue gases after combustion, enabling its separation and capture for storage or utilization. The key applications include oil and gas, power generation, petrochemical, cement, iron and steel, and others, serving end users such as utilities, industrial facilities, and modular or small-scale systems.

The CO₂ post-combustion capture technology market consists of revenues earned by entities providing services such as retrofit integration services, optimization services, purification services, logistics services, and engineering, procurement, and construction (EPC) services. The market value includes the value of related goods sold by the service provider or included within the service offering. The CO₂ post-combustion capture technology market also includes sales of flue-gas blowers, absorber columns, solvent circulation, heat exchangers for regeneration, and purification systems. 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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