Carbon Capture and Storage Market to reach US$ 6.3 billion by 2031 | Growth, Opportunities & Future Outlook

"The Carbon Capture and Storage Market reached US$ 3.9 billion in 2024 and is expected to reach US$ 6.3 billion by 2031, growing at a CAGR of 7.1% during the forecast period 2024-2031." As per DataM intelligence research report

Download your exclusive sample report today: (corporate email gets priority access): https://www.datamintelligence.com/download-sample/carbon-capture-and-storage-market?sp

United States: Recent Industry Developments

✅ In April 2025, Occidental Petroleum's subsidiary, 1PointFive, obtained EPA approval to sequester CO2 from its Stratos direct air capture facility in Texas set to become one of the world's largest DAC installations, expected to begin commercial operations later this year.

✅ In June 2025, the EPA moved closer to granting Texas state control over Class VI underground injection well permits, enabling more localized and efficient permitting for carbon sequestration projects, bolstering job creation, investment, and environmental oversight.

Japan: Recent Industry Developments

✅ In October 2024, Japan and the U.S. co-hosted the U.S. Japan CCUS/Carbon Recycling Working Group in Tokyo, agreeing to accelerate cooperation on direct air capture, carbon recycling, and cross-border CO2 transport and storage, including feasibility studies linking Alaska and Japan.

✅ In mid-2024, Japan enacted the CCS Business Act, creating a supportive regulatory environment for private-sector CCS ventures paving the way for broader commercialization of carbon capture and storage.

Carbon Capture and Storage Market: Drivers

The carbon capture and storage market is driven by increasing global concerns over greenhouse gas emissions and climate change mitigation. Stringent government regulations and international agreements, such as the Paris Accord, are pushing industries to adopt CCS technologies. Growing industrialization and energy production from fossil fuels create a rising need to capture and store CO2 emissions efficiently. Advancements in capture, transport, and storage technologies are enhancing the feasibility and cost-effectiveness of CCS projects. Rising investments in renewable energy and carbon-neutral initiatives are complementing the adoption of carbon capture solutions.

Market growth is further supported by corporate sustainability goals and increasing pressure on heavy industries to reduce carbon footprints. Enhanced storage solutions, including geological sequestration and utilization in enhanced oil recovery, are expanding application opportunities. Collaborations between governments, research institutes, and energy companies are driving innovation in large-scale CCS deployment. Financial incentives, tax credits, and funding for low-carbon projects are encouraging wider adoption. Continuous R&D and pilot projects worldwide are expected to sustain long-term growth in the carbon capture and storage market.

Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/carbon-capture-and-storage-market?sp

Segment Covered in the Carbon Capture and Storage Market:

➥ By Capture Technology: Pre-Combustion Capture, Post-Combustion Capture, Oxyfuel Combustion, Industrial Separation

➥ By Storage Technology: Enhanced Oil Recovery, Geological Storage, Deep Ocean

➥ By End-Use Industry: Power Generation, Oil & Gas, Chemicals, Fertilizers, Cement & Concrete, Steel, Textiles, Others

About DataM Intelligence report:

The Carbon Capture and Storage Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

Why Purchase the Report?:

➠ Technology & Innovation: Tracks clinical trials and upcoming pharmaceutical advancements to stay ahead in product development.
➠ Market Positioning & Competitive Strategy: Analyzes product performance, market share, and competitor tactics for strategic decision-making.
➠ Real-World Evidence & Physician Insights: Incorporates patient data and physician behavior to align products with actual healthcare needs.
➠ Pricing & Market Access: Reviews reimbursement trends and access models to optimize product pricing and launch strategies.
➠ Regulatory & Industry Shifts: Covers policy changes, health system dynamics, and technology trends impacting market opportunities.
➠ Regional Growth & Expansion: Identifies high-growth markets and investment opportunities for geographic expansion.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=carbon-capture-and-storage-market

Request for 2 Days FREE Trial Access:
https://www.datamintelligence.com/reports-subscription?sp

✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

Have a look at our Subscription Dashboard:
https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.