United States Carbon Capture and Sequestration Market to Grow at 13.5% CAGR, Led by ExxonMobil, Shell, and Chevron | DataM Intelligence

The global Carbon Capture and Sequestration Market is growing at a CAGR of 13.5% during the forecast period 2024-2031, according to DataM Intelligence.

United States: Recent Industry Developments

✅ In October 2025, the US Department of Energy announced $6.5 billion in funding for CCS projects under the Bipartisan Infrastructure Law.
✅ In October 2025, Occidental Petroleum launched the world's largest direct air capture facility in Texas, capable of removing 1 million tons of CO2 annually.
✅ In October 2025, A consortium of US energy companies established the Gulf Coast CCS Hub, targeting 50 million tons of annual CO2 storage capacity by 2030.

Japan: Recent Industry Developments

✅ In October 2025, Japan CCS Co., Ltd. commenced operations at its Tomakomai facility, successfully sequestering 300,000 tons of CO2 from industrial sources.
✅ In October 2025, Mitsubishi Heavy Industries developed a new amine-based capture technology that reduces energy consumption by 25%.
✅ In October 2025, the Japanese government approved $2.8 billion for CCS infrastructure as part of its Green Transformation (GX) strategy.

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Market Trends & Drivers

The Carbon Capture and Sequestration Market is experiencing robust growth driven by increasingly stringent climate regulations, corporate net-zero commitments, and advancements in capture technologies. Key trends include the development of modular capture systems, the expansion of CO2 utilisation pathways, and the emergence of CCS hubs and clusters. Government incentives such as the 45Q tax credit in the US, the EU Emissions Trading System, and growing investment in clean energy technologies are significantly accelerating market adoption across industrial and power generation sectors.

Competitive Landscape

The market features strong competition among energy companies, industrial gas suppliers, and specialised technology providers.

ExxonMobil Corporation leads with multiple large-scale CCS projects and extensive experience in CO2 storage from enhanced oil recovery operations.
Shell PLC advances its CCS portfolio through global projects and technology partnerships, targeting significant carbon reduction goals.
Chevron Corporation focuses on CCS as a core decarbonization strategy, developing major hubs in Australia and the US Gulf Coast.
Occidental Petroleum pioneers direct air capture technology through its subsidiary 1PointFive and develops large-scale carbon management solutions.
Air Products and Chemicals Inc. implements CCS in its hydrogen production facilities and offers capture technology to industrial customers.
Schlumberger New Energy provides integrated CCS solutions including capture, transportation, and storage services worldwide.
Mitsubishi Heavy Industries Ltd. supplies advanced capture systems and develops next-generation CO2 capture technologies.
Linde PLC offers comprehensive carbon capture solutions for industrial applications and operates multiple CCS facilities.
Baker Hughes Company develops capture technologies and provides monitoring solutions for CO2 storage verification.
Aker Solutions specializes in offshore CO2 storage and provides engineering services for CCS projects globally.

Segmentation

By Service (Capture, Pre-Combustion, Oxy-fuel, Post-Combustion, Transportation, Storage)
By End-User (Oil & Gas, Power Plants, Mining, Iron & Steel, Chemical Industry, Cement Industry, Agriculture, Others)

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Sustainability Impact Analysis
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✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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