Carbon Capture Chemicals Market to Reach USD 5.34 Billion by 2035 Amid Rising Climate Commitments and Technology Adoption

The global carbon capture chemicals market is set for explosive growth, expanding from USD 1,462 million in 2024 to USD 5,341 million by 2035, achieving a robust 12.5% CAGR from 2025 to 2035.

Decarbonization Fuels Chemical Demand:

As the urgency to combat climate change intensifies, governments and private enterprises alike are turning to carbon capture, utilization, and storage (CCUS) as a cornerstone strategy. Central to this approach are chemical agents that enable the capture and isolation of CO2 from industrial exhausts, power plant emissions, and even ambient air.

The growing global emphasis on net-zero targets, particularly across sectors such as cement, steel, chemicals, and energy, is driving sustained demand for efficient and scalable chemical solutions. With over 120 countries committing to carbon neutrality by mid-century, the carbon capture chemicals market is gaining strategic importance in both developed and developing economies.

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Key Takeaways from Market Study:

The carbon capture chemicals market is valued at USD 1,462 million in 2024.
The market is projected to reach USD 5,341 million by 2035.
The market is growing at a CAGR of 12.5% from 2025 to 2035.
North America is expected to hold a 34.3% market share in 2025.
North America will create an absolute opportunity of USD 1,337 million by 2035.
East Asia is projected to hold a 20.4% market share in 2025.
East Asia will generate an absolute opportunity of USD 780.7 million by 2035.
The U.S. market will reach USD 407 million in 2025, growing at a 13.2% CAGR.
China is forecasted to reach USD 751 million by 2035, growing at a 13.1% CAGR.
Amine-based chemicals will be valued at USD 694 million in 2025.
Amine-based chemicals will generate an absolute opportunity of USD 1,613 million by 2035.
Power plants will account for 38.3% of market share in 2025, valued at USD 629.9 million.

Leading Players Driving Innovation in the Carbon Capture Chemicals Market:

BASF SE; Dow Inc.; Solvay S.A.; Huntsman Corporation; INEOS Group; OxyChem; Westlake Chemical Corporation; Formosa Plastics Corporation; Yara International ASA; CF Industries Holdings, Inc.; Nutrien Ltd.; Graymont Limited; Carmeuse; Other Market players.

Market Challenges and Opportunities:

Despite its strong growth potential, the carbon capture chemicals market faces several hurdles:
High energy consumption for solvent regeneration continues to be a limiting factor.

Infrastructure compatibility with legacy systems varies across industries and regions.

Cost pressures may slow adoption, especially in price-sensitive sectors without strong policy incentives.
Nevertheless, these challenges also represent innovation opportunities for chemical manufacturers, startups, and industrial technology providers.

Solutions that lower lifecycle costs, improve capture efficiency, and reduce environmental impact are expected to see strong uptake.

Competitive Landscape and Industry Movements:

The market is witnessing active participation from both chemical giants and new entrants. Companies are increasingly pursuing:

Strategic partnerships with energy and industrial players for pilot-scale deployments.

Mergers and acquisitions to enhance product portfolios and expand regional footprints.

Investment in R&D focused on greener and more sustainable chemistries.

Recent developments include product launches designed for high-pressure, low-temperature, and humid environments, opening new possibilities for deployment in diverse operating conditions.

Carbon Capture Chemicals Market News:

In Oct 2024, Solvay formed a strategic alliance for the development of next-generation carbon capture solvents. The agreement centers on the development of more energy-efficient and environmentally friendly capture chemicals.

In Sept 2024, Huntsman announced a dedicated amine-based capture system for power generation applications. The technology provides enhanced capture rates coupled with lower energy usage during the regeneration phase.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global carbon capture chemicals market, presenting historical data for 2020 to 2024 and forecast statistics for 2025 to 2035.

The carbon capture chemicals market is segmented based on chemical type, application, and region. By chemical type, the market includes amine-based chemicals such as monoethanolamine, methyldiethanolamine, and diethanolamine, along with other capture agents like sodium hydroxide, ammonia, calcium oxide, and others.

In terms of application, carbon capture chemicals are primarily used in power plants, industrial processes, direct air capture systems, and enhanced oil recovery, with additional usage across other emerging areas.

Geographically, the market is distributed across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa, each region playing a distinct role in shaping the global demand based on industrialization, regulatory frameworks, and carbon reduction initiatives.

Check out More Related Studies Published by Fact.MR Research:

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