United States Carbon Capture, Utilization & Storage Market Growth Powered by Clean Energy Transition | Major Players: ExxonMobil Corporation, Schlumberger, Huaneng, Linde AG, Sulzer, Equinor, NRG

Global Carbon Capture, Utilization and Storage Market reached US$ 3.0 Billion in 2023 and is expected to reach US$ 16.5 Billion by 2031, growing with a CAGR of 24.0% during the forecast period 2024-2031.

The Carbon Capture, Utilization and Storage market analysis by DataM Intelligence delivers authoritative insights into the sector's growth, offering geographic coverage, demand outlook, and strategic trends that highlight both regional dominance and emerging opportunities. Beyond a surface-level overview, the research explores underlying drivers, breakthrough innovations, and market dynamics that could transform the Carbon Capture, Utilization and Storage industry during the forecast period. Backed by in-depth data and expert evaluation, this study empowers stakeholders with reliable, actionable intelligence to navigate challenges, capture growth opportunities, and make informed decisions in a competitive global landscape. Will the Carbon Capture, Utilization and Storage market emerge as the sector's next major growth frontier? The projections reveal the answer.

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DataM Intelligence profiles some of the most reputed organizations present in the Carbon Capture, Utilization and Storage market. They are as follows: ExxonMobil Corporation, Schlumberger, Huaneng, Linde AG, Sulzer, Equinor, NRG, Aker Solutions, Mitsubishi Hitachi, Skyonic Corp.

CCUS encompasses technologies that capture CO2 from point sources or air for storage or conversion into products; the market includes capture systems, transport, storage sites, and utilization pathways like fuels, chemicals, and concrete. Growth is driven by decarbonization targets, industrial emissions, and policy incentives such as tax credits and carbon markets. In the U.S., 2025 momentum includes federal incentives, announced large-scale projects in industrial hubs, and private-public partnerships to scale capture and sequestration capacity.

Carbon Capture, Utilization and Storage Market Dynamics:

Growth Driver in Carbon Capture, Utilization and Storage Market: Rising focus on emission reduction and government policies fuel CCUS adoption.

Restraints in Carbon Capture, Utilization and Storage Market: High project costs and limited infrastructure restrain market growth.

Carbon Capture, Utilization and Storage Market Opportunities: Utilization in enhanced oil recovery and industrial applications create opportunities.

Carbon Capture, Utilization and Storage Market Challenges: Public acceptance, scalability, and technology efficiency remain concerns.

Segment Covered in the Carbon Capture, Utilization and Storage Market:

By Service (Capture, Transportation, Utilization, Storage) By Technology (Pre-combustion capture, Oxy-fuel combustion capture, Post-combustion capture) By End-User (Oil & gas, Power generation, Iron & steel, Chemical & petrochemical, Cement, Others)

United States: Recent Industry Developments

✅ In September 2025, ExxonMobil announced the expansion of its Baytown CCUS hub in Texas, targeting over 10 million metric tons of CO2 capture annually by 2030.
✅ In August 2025, the U.S. Department of Energy (DOE) awarded $350 million in grants to support large-scale direct air capture (DAC) projects in Louisiana and Texas.
✅ In July 2025, Occidental Petroleum began construction of its Stratos DAC facility, set to be the world's largest, capable of removing 500,000 tons of CO2 per year.
✅ In June 2025, Chevron and Talos Energy launched a CCUS partnership in the U.S. Gulf Coast to accelerate offshore CO2 storage.
✅ In May 2025, NET Power announced pilot integration of gas-fired plants with CCS to achieve near-zero emissions.

Europe: Recent Industry Developments

✅ In September 2025, Equinor, Shell, and TotalEnergies progressed their Northern Lights CCUS project in Norway, securing new cross-border CO2 transport agreements.
✅ In August 2025, the UK government approved funding for the Humber Zero project, aiming to capture 8 million tons of CO2 annually by 2030.
✅ In July 2025, Germany launched its National CCUS Strategy, prioritizing industrial decarbonization and cement sector CO2 reduction.
✅ In June 2025, France's Air Liquide announced a partnership to deploy carbon capture for hydrogen production facilities.
✅ In May 2025, Denmark's Project Greensand started CO2 injection operations in the North Sea, marking a milestone in offshore storage.

Japan: Recent Industry Developments

✅ In September 2025, Japan's Ministry of Economy, Trade, and Industry (METI) approved a national CCUS roadmap with a target of 50 million tons of CO2 storage by 2050.
✅ In August 2025, Mitsubishi Heavy Industries (MHI) completed trials of its advanced CO2 capture system at a Kansai Electric Power plant.
✅ In July 2025, JX Nippon Oil & Gas partnered with INPEX to launch a pilot offshore CO2 storage project in the Sea of Japan.
✅ In June 2025, Toshiba Energy Systems unveiled a next-gen amine-based capture technology with improved efficiency for industrial use.
✅ In May 2025, Chiyoda Corporation announced collaboration with Middle Eastern energy firms to co-develop blue ammonia with CCUS integration.

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Regional Analysis:

The global Carbon Capture, Utilization and Storage Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

The report on Carbon Capture, Utilization and Storage market delivers in-depth insights into new product launches, technological advancements, innovative services, and ongoing R&D activities shaping the industry. The study combines qualitative and quantitative analysis, incorporating tools such as PEST, SWOT, and Porter's Five Forces to evaluate the Carbon Capture, Utilization and Storage market landscape, while also highlighting raw material sourcing, distribution channels, production capacities, supply chain structures, and detailed product specifications.

Regionally, North America leads the Carbon Capture, Utilization and Storage market with strong R&D investments and early technology adoption, with the United States showing robust growth driven by high healthcare spending, innovation hubs, and favorable regulatory frameworks. Europe follows with a focus on sustainability and stringent standards, while Asia Pacific is the fastest-growing region supported by rapid industrialization, rising consumer demand, and government initiatives. South America exhibits steady expansion with improving economic conditions, and the Middle East & Africa show gradual progress fueled by infrastructure development, diversification, and increasing foreign investments.

Points Covered in this Report:

📌 Market Overview: This section outlines five key chapters, covering research scope, leading manufacturers, market segments, Carbon Capture, Utilization and Storage market categories, study objectives, and the timeline considered for analysis.

📌 Market Landscape: Provides an evaluation of the competitive environment in the global Carbon Capture, Utilization and Storage market, analyzing value, revenue, turnover, and market share by company, along with growth trends, recent transactions, sales performance, and competitive developments.

📌 Company Profiles: Examines the top players in the global Carbon Capture, Utilization and Storage market, focusing on their sales performance, core products, pricing strategies, revenue, gross profit margins, and production growth.

📌 Regional Market Outlook: Offers a detailed breakdown of sales, revenue, supply, gross margin, CAGR, market share, and overall size across regions including North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

📌 Market Segmentation: Presents in-depth research into how various applications, end-users, and product types contribute to overall market growth in the Carbon Capture, Utilization and Storage market.

📌 Market Forecast - Production Side: Highlights projections for production volumes and values, forecasts for leading producers, and production trends by product type.

📌 Research Findings: Summarizes the key results and insights uncovered throughout the study.

📌 Conclusion: Concludes the report with final observations and insights drawn from the overall analysis.

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People Also Ask:

Q.1. What are the key driving forces behind the growth of the Carbon Capture, Utilization and Storage industry?
Q.2. Which factors are supporting market expansion, and which challenges are hindering the Carbon Capture, Utilization and Storage market?
Q.3. What is the overall structure of the market, and what risks and opportunities does it present?
Q.4. How do pricing, revenue, and sales performance compare among the leading companies in the Carbon Capture, Utilization and Storage market?
Q.5. What are the major market segments, and how is the Carbon Capture, Utilization and Storage market categorized?
Q.6. Which companies hold a dominant position in the market, and what share do they command?
Q.7. What current and emerging trends are shaping the Carbon Capture, Utilization and Storage market landscape?

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