The phenomenon of rapid industrialization and the subsequent rise in energy consumption have led to the exploitation of natural resources, specifically fossil fuels, for the purpose of power generation. The observed phenomenon leads to introduction a substantial quantity of carbon dioxide (CO2) as a greenhouse gas into the surrounding environment. The effects of CO2 emissions are one of today’s most pressing problems for society. In this context, there has been a lot of interest in the most recent advancement made in a comprehensive CO2 capture strategy. There are many different methods for separating and capturing CO2, including liquid absorption, adsorption on solid surfaces, chemical looping, gas phase separation, and hybrid processes like adsorption-membrane systems. Due to CO2 relatively stable dynamic state, interacting with other substances is complex. Therefore, it is necessary to create specific catalysts that can dissolve the CO2 bond and be used as a feedstock to create highly economical materials. Recently, there has been a lot of interest in using metal oxide-based processes to convert CO2 into other compounds. Metal oxides are essential to CO2 hydrogenation because they offer extra benefits like selectivity and energy efficiency. This book chapter focuses on iron oxide based materials and their utilization in the context of CO2 capture applications. Here, a curated literature review on iron oxide-based materials for CO2 capture application has been presented, and the various strategies used by scientists and industry to reestablish the equilibrium of CO2 in the environment have been analyzed.