From GlobeNewswire: 2025-05-23 10:00:00

The CCUS Absorption Market was valued at USD 0.57 billion in 2024 and is projected to reach USD 2.02 billion by 2032, growing at a CAGR of 17.26%. This growth is driven by technological advancements in CO₂ capture systems, supportive policy environments, and increased investments in low-carbon infrastructure.

Adoption of absorption technologies is crucial in industries like oil & gas, power generation, and chemicals, where post-combustion CO₂ capture is scalable and proven. Materials like aqueous amines, solid sorbents, and hybrid solvents with high CO₂ selectivity are commonly used for capturing emissions.

In the U.S., the CCUS market is set to reach USD 0.59 billion by 2032, with a CAGR of 16.76%. Federal incentives like the 45Q tax credit are driving investments in CCUS infrastructure. The U.S. market benefits from policy support, technology leadership, and a strong industrial base with significant carbon emissions.

Chemical absorption, with around 68% market share in 2024, is the most widely used method for carbon capture due to its efficiency and applicability across various industries. The oil & gas sector held the largest market share in 2024, leveraging carbon capture technologies for enhanced oil recovery and sustainability initiatives.

North America dominated the CCUS absorption market in 2024, accounting for approximately 42% of the market share. Strong policy frameworks, funding support, and well-established carbon-intensive industries drive the market in the region. The U.S. and Canada lead in carbon capture deployment, supported by incentives like the 45Q tax credit.

Recent developments include Mitsubishi Heavy Industries partnering with ADNOC for large-scale CO₂ capture in Abu Dhabi and Carbon Clean launching a modular carbon capture unit for small-scale emitters in the cement and steel sectors. These innovations aim to enhance carbon capture efficiency and reduce costs for industries.

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Read more at GlobeNewswire: CCUS Absorption Market Projected to Reach USD 2.02 Billion