Carbon Capture Materials Companies

The carbon capture materials market size is projected to grow from USD 66,904.7 million in 2025 to USD 99,098.5 million by 2030, registering a CAGR of 8.2% during the forecast period.

Carbon utilization, converting captured CO2 into fuels, chemicals, or construction materials, is a growing driver for the carbon capture materials market. This creates revenue streams, making CCS economically attractive and increasing demand for efficient capture materials like sorbents and membranes. The opportunity lies in supplying materials for CO2-to-product processes, such as synthetic fuels or concrete, which are gaining traction in Europe and Asia Pacific. Utilization reduces storage costs and supports circular economy models, encouraging industries to invest in capture technologies. Policies promoting sustainable products and carbon markets further drive adoption. Materials optimized for high-purity CO2 capture, essential for utilization, are in high demand, particularly for modular systems. As utilization technologies scale, the market for carbon capture materials expands, driven by the dual benefit of emission reduction and economic value, fostering innovation and growth in diverse applications.

Carbon Capture Materials Companies

These prominent competitors, along with a slew of others, define the carbon capture materials market through ongoing innovations, product launches, acquisitions, partnerships, and worldwide growth strategies. Their contributions propel technological developments, broaden market reach, and shape industry standards, ultimately influencing the future of carbon-capture materials and their numerous uses. Key players, such as   Ecolab  (US),  BASF (Germany),  DOW (US), MITSUBISHI HEAVY INDUSTRIES, LTD  (Japan), Solvay (Belgium), Air Products and Chemicals, Inc. (US), Tosoh Corporation (Japan), Honeywell International Inc. (US), and Zeochem (Switzerland), have adopted expansion to increase their market shares and expand geographic presence.

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BASF SE, headquartered in Ludwigshafen, Germany, and founded in 1865, stands as the world's largest chemical producer, with a strategic focus on the carbon capture materials market through its Chemicals segment. BASF manufactures amine-based solvents like OASE blue, specializing in gas treatment solutions, designed for efficient post-combustion CO2 capture from flue gases. This portfolio supports global decarbonization efforts by offering low-energy, high-purity technologies proven in pilot projects, such as the Niederaussem power plant collaboration. The company operates six business segments: Chemicals, Materials, Industrial Solutions, Nutrition & Care, Surface Technologies, and Agricultural Solutions, serving nearly 74,000 customers across 92 countries. Geographically, Europe leads with 38% of sales, followed by North America, Asia Pacific, South America, Africa, and the Middle East. As of December 31, 2024, BASF employs 111,822 individuals, with significant concentrations in Germany, China, and the United States. Manufacturing capabilities include about 235 production sites worldwide, anchored by Verbund integrated sites in Ludwigshafen (Germany), Antwerp (Belgium), Freeport and Geismar (US), Kuantan (Malaysia), Nanjing (China), and the upcoming Zhanjiang (China) facility in Q4 2025. These enable scalable production of carbon capture materials, emphasizing sustainability with initiatives like CCS projects in Antwerp and methane pyrolysis for low-emission processes.

DOW, headquartered in Midland, Michigan, United States, was founded in 1897 as a pioneer in chemical innovation. In the carbon capture materials market, Dow specializes in amine-based solvents through its Industrial Intermediates & Infrastructure segment, offering solutions for CO2 removal to support decarbonization across industries. The company operates four business segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, Performance Materials & Coatings, and Corporate. These segments serve customers globally, with sales distributed as follows: the US & Canada, Europe, the Middle East, Africa & India, Asia Pacific, and Latin America. As of December 31, 2024, Dow employs approximately 36,000 people worldwide. Manufacturing facilities include 91 sites across 30 countries, with key locations such as the US, the Gulf Coast (Freeport, TX; Hahnville, LA), Alberta (Canada), Tarragona (Spain), Map Ta Phut (Thailand), and Stade (Germany). Regional distribution comprises 32 sites in the US & Canada, 32 in EMEAI, 14 in Asia Pacific, and 13 in Latin America. Proven expertise in formulated solvents like UCARSOL, offering superior CO2 removal efficiency beyond traditional amines. Extensive global infrastructure and analytical services, enabling customized solutions for diverse carbon capture applications.

Mitsubishi Heavy Industries Ltd., headquartered in Tokyo, Japan, was founded in 1884 as a leader in industrial engineering. MHI manufactures proprietary amine-based solvents through its Energy Systems segment in the carbon capture materials market, supporting CO2 capture technologies to advance carbon neutrality goals by 2040. The company operates five business segments: Energy Systems, Plants & Infrastructure Systems, Logistics, Thermal & Drive Systems, Aircraft, Defense & Space. MHI serves global geographies, with operations in over 30 countries, primarily in North America, Europe, Asia (including China), and emerging markets. As of March 31, 2024, MHI employs 77,697 people on a consolidated basis (22,538 non-consolidated). Manufacturing facilities include key domestic sites such as Mihara Machinery Works (Hiroshima), Takasago Machinery Works (Hyogo), Nagasaki Shipyard and Machinery Works (Nagasaki), Komaki Plant (Aichi), Sagamihara Machinery Works, Nagoya Guidance & Propulsion Systems Works, and Yokohama Hardtech Hub, alongside 192 overseas group companies supporting global production. Proprietary solvents like KS-1 and KS-21 offer low energy consumption, high stability, and >90% CO2 capture efficiency, backed by global market leadership in flue gas capture plants.

Honeywell International Inc., headquartered in Charlotte, North Carolina, United States, was founded in 1906 as a diversified technology and manufacturing leader. In the carbon capture materials market, Honeywell, through its Honeywell UOP division within the Energy and Sustainability Solutions (ESS) segment, manufactures zeolite-based adsorbents like DACSIV for direct air capture (DAC) and other solutions for industrial CO2 capture. The company operates four business segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions, addressing global industries with innovative technologies. Honeywell serves over 100 countries across the United States, Europe, and other regions, including Asia Pacific and Latin America. As of December 31, 2024, Honeywell employs approximately 95,000 people globally. Manufacturing facilities span multiple regions, with key sites for Adsorptions in Mobile, Alabama (USA), Reggio Calabria (Italy), and Zhangjiagang (China), supporting responsible production with reduced transportation emissions. Global manufacturing footprint and decades of Adsorption expertise since pioneering synthetic zeolites in 1949, ensuring reliable supply chains. Growing global demand for DAC and CCUS amid net-zero policies, expanding markets for zeolite Adsorptions in power and hydrogen sectors. Strategic acquisitions enhancing Honeywell’s energy transition portfolio, creating synergies for broader CCS material applications.

Related Reports:

Carbon Capture Materials Market by Material (Liquid Solvents, Solid Solvents, Membranes), Process (Absorption, Adsorption), Technique (Pre-Combustion, Post combustion, Oxyfuel combustion, Direct air capture), End-Use Industry (Power Generation, Oil & Gas, Chemical & Petrochemical, Metal & Mining, Industrial, and Other End-use Industries) & Region - Forecast to 2030