Global Carbon Capture And Storage Market is estimated to be valued at USD 6.73 Bn in 2025 and is expected to reach USD 15.46 Bn by 2032, growing at a compound annual growth rate (CAGR) of 12.6% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 6.73 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
12.60%
2032 Value Projection:
USD 15.46 Bn
Figure. Carbon Capture And Storage Market Share (%), By Region 2025
Report Description:
Carbon capture and storage (CCS) is a set of technologies that can greatly reduce carbon dioxide (CO2) emissions from industrial processes like electricity generation and manufacturing. CCS involves capturing CO2 from large point sources like fossil fuel power plants, transporting it via pipelines or ships, and storing it in deep geological formations so that it does not enter the atmosphere.
By deploying CCS at coal- and gas-fired power plants and industrial operations, companies can significantly curb their greenhouse gas emissions. This enables them to continue using fossil fuels as an energy source while transitioning to cleaner alternatives. CCS thus represents a transitional technology that could play a key role in achieving long-term climate goals and reducing reliance on coal power in the coming decades.
Market Dynamics:
The global carbon capture and storage market is driven by stringent government mandates and carbon emission reduction targets set forth in the Paris Agreement. Many countries are implementing policies like carbon pricing and incentives for carbon capture projects in high-emitting industries. However, high costs associated with CCS technology development and deployment act as a major restraint. The complete cost of a fully-integrated CCS project amounts to billions of dollars. Moreover, uncertainty over long-term carbon storage and unclear regulations pose challenges. On the positive side, increasing focus on lowering the levelized cost of electricity from fossil fuels through CCS presents an opportunity. Several pilot projects and demonstrations are scaling up CCS globally. Developing standardized frameworks for the transport and storage of CO2 can also boost market growth prospects.
Key features of the study:
This report provides an in-depth analysis of the global carbon capture and storage market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global carbon capture and storage market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Honeywell International Inc., Schlumberger Limited, Aker Solutions, Dakota Gasification Company, Siemens Energy, Sulzer Ltd., Japan CCS Co., Ltd., LanzaTech, Shell PLC, Linde plc, Mitsubishi Heavy Industries, Equinor ASA, Exxon Mobil Corporation, Carbon Engineering Ltd., and Fluor Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global carbon capture and storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon capture and storage market
Market Segmentation
By Technology
Pre-combustion
Post-combustion
Oxy-fuel Combustion
By Application
Oil and Gas
Power Generation
Iron and Steel
Chemical and Petrochemical
Cement
Others
By Service
Capture
Transportation
Utilization
Storage
By Regional
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Key Players Insights
Honeywell International Inc.
Schlumberger Limited
Aker Solutions
Dakota Gasification Company
Siemens Energy
Sulzer Ltd.
Japan CCS Co., Ltd.
LanzaTech
Shell PLC
Linde plc
Mitsubishi Heavy Industries
Equinor ASA
Exxon Mobil Corporation
Carbon Engineering Ltd.
Fluor Corporation
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Technology
Market Snippet, By Application
Market Snippet, By Service
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic
4. Global Carbon Capture and Storage Market, By Technology, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Pre-combustion
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Post-combustion
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Oxy-fuel Combustion
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
5. Global Carbon Capture and Storage Market, By Application, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Oil and Gas
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Power Generation
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Iron and Steel
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Chemical and Petrochemical
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Cement
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Others
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
6. Global Carbon Capture and Storage Market, By Service, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Capture
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Transportation
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Utilization
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Storage
Introduction
7. Global Carbon Capture and Storage Market, By Region, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
North America
Regional Trends
Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2020 and 2032 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2020 and 2032 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2020 and 2032 (%)
China
India
ASEAN
Australia
South Korea
Japan
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2020 and 2032 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Technology, 2020-2032 (US$ Billion)
Market Size and Forecast, By Application, 2020-2032 (US$ Billion)
Market Size and Forecast, By Service, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2020 and 2032 (%)