CCUS absorption market to grow from $1.58B to $12.56B by 2035, driven by carbon capture and climate efforts.

The global Carbon Capture, Utilization, and Storage (CCUS) absorption market is projected to expand significantly, growing from $1.58 billion in 2025 to $12.56 billion by 2035 at a CAGR of 23.06%. This growth is fueled by increased government initiatives to reduce carbon emissions and mitigate climate change, with chemical absorption dominating the market due to its efficiency. Key applications include carbon capture and utilization, enhanced oil recovery, and carbon sequestration, with North America leading the market and Asia expected to grow fastest. The market also benefits from integration with renewable energy and retrofitting of existing facilities.