Carbon Capture, Utilization, and Storage Market Size, Share Analysis and Forecast Report (2026-2035)

Key Trends in the Market

Carbon capture, utilization, and storage, also known as CCUS, refers to a process that captures CO2 emissions and stores them for reutilization. Carbon dioxide emissions are typically captured from sources like coal-fired power plants. CCUS plays an integral role in reducing greenhouse gas emissions and driving the development of a sustainable future.

• Some of the key carbon capture, utilization, and storage market trends include the rising focus on decarbonisation, the surging attempts to produce low-carbon electricity, and growing concerns regarding energy shortages. CCUS can reduce emissions in hard-to-abate sectors like cement and enhance the flexibility and diversity of energy supply to improve energy security.

• The introduction of various initiatives by governments globally to drive sustainable growth, reduce dependency on fossil fuels, and achieve net-zero emissions is favouring the market growth. Moreover, the increasing deployment of CCUS technology to convert captured CO2 to value-added products such as building materials, chemicals, green urea, and bioplastics is anticipated to aid the carbon capture, utilization, and storage market growth in the coming years.

• There is an increasing focus on enhancing the affordability and functionality of carbon capture, utilization, and storage technology to boost its deployment in different sectors such as cement and oil and gas. Besides, the increasing adoption of digitisation by key players to facilitate various processes such as process automation, flow surveillance, and predictive maintenance, among others, is likely to favour the carbon capture, utilization, and storage market in the coming years.

Market Segmentation

Market Share by End Use

As per the carbon capture, utilization, and storage market analysis, the oil and gas sector accounts for a substantial market share as it extensively generates highly concentrated CO2 streams. The technology is applied by oil and gas companies to convert greenhouse gases into natural gas formations, enhance ethanol production, and generate low-carbon hydrogen fuels.

With various governments introducing stringent regulations to reduce carbon emissions from industrial applications, the deployment of CCUS technology in the oil and gas sector is expected to rise in the coming years.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Share by Region

North America represents a significant carbon capture, utilization, and storage market share due to the rising focus on reducing greenhouse gas emissions and the increasing number of CCUS projects in the United States. Increasing investments in R&D activities in the region aimed at reducing carbon capturing costs, developing efficient alternatives to carbon, and advancing monitoring of CCUS facilities are expected to aid the market in the forecast period.

Meanwhile, the market in Europe is also witnessing a healthy growth amid growing investments in clean energy solutions. The introduction of favourable initiatives by the EU and other governments to surge the deployment of CCUS technology for decarbonising the region and driving green economic growth is anticipated to fuel the overall carbon capture, utilization, and storage market expansion in upcoming years.

Competitive Landscape

Other carbon capture, utilization, and storage market players include Mitsubishi Heavy Industries, Ltd., Shell International Limited, Exxon Mobil Corporation, Honeywell International Inc., Aker Solutions ASA, JGC Holdings Corporation, and Dakota Gasification Company, among others.