United States Carbon Capture and Storage Market Set to Surge with 15.95% CAGR by 2031 | Top key players - Mitsubishi Heavy Industries, Ltd., Aker Solutions ASA, Exxon Mobil Corporation.

Market Overview:

The Global Carbon Capture and Storage Market is expected to grow at a CAGR of 15.95% during the forecasting period (2024-2031). The Market is growing due to increasing global efforts to reduce carbon emissions, supported by government policies, technological advancements, and rising industrial adoption of low-carbon solutions. According to DataM Intelligence

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The Carbon Capture and Storage (CCS) Market involves technologies designed to capture carbon dioxide (CO2) emissions from industrial processes and power generation, transport it to storage sites, and securely store it underground to prevent its release into the atmosphere. CCS plays a crucial role in reducing greenhouse gas emissions and supporting global decarbonization efforts.

Industry Recent Developments:

United States:

✅ October 2025: ExxonMobil committed a $7 billion investment to expand CCS operations on the Gulf Coast, with an annual target of 50 million tons of CO2 storage capacity.​

✅ October 2025: The US Department of Energy launched the "Carbon Negative Shot" initiative aiming to bring CCS costs under $100 per ton by 2035.​

✅ October 2025: A consortium of US utilities rolled out the world's largest direct air capture facility in Texas, designed to remove 1 million tons of CO2 per year.​

Japan:

✅ October 2025: Mitsubishi Heavy Industries commissioned a carbon capture system in a Japanese power plant, achieving 95% capture efficiency.​

✅ October 2025: Japan's Ministry of Economy allocated $3 billion for CCS infrastructure, accelerating its 2050 carbon neutrality roadmap.​

✅ October 2025: J-POWER and IHI Corporation demonstrated new chemical absorption technology, reducing energy use by 30% in CCS systems.

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Major Key Players:

Mitsubishi Heavy Industries, Ltd.
Aker Solutions ASA
Exxon Mobil Corporation
Hitachi, Ltd.
General Electric Company
Siemens AG
Royal Dutch Shell
Halliburton Company
The Linde Group
Schlumberger Limited.

Market Growth Drivers:

Stringent emission regulations and policies: Governments globally are enforcing strict emission reduction targets and regulations, such as EPA rules in the US and EU climate policies, which drive the adoption of CCS technologies to meet these standards.

Increasing demand for enhanced oil recovery (EOR): The use of captured CO2 for enhanced oil recovery in the oil & gas sector is a significant driver, as industries seek to improve oil production efficiency while reducing emissions.

Rising investments and technological advancements: Growing investments in carbon capture infrastructure, coupled with advances in CCS technology, are lowering costs and improving efficiency, thus accelerating market growth.

Segments 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, and Others.

Regional Analysis for Carbon Capture and Storage Market:

⇥ 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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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Carbon Capture and Storage market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Carbon Capture and Storage Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Carbon Capture and Storage market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Carbon Capture and Storage Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Carbon Capture and Storage market?

➠ Who are the global key manufacturers of the Carbon Capture and Storage Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Carbon Capture and Storage market opportunities and threats faced by the vendors in the global Carbon Capture and Storage Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Carbon Capture and Storage market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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