Carbon Capture, Utilization and Storage (CCUS) Market Forecast Highlights Rising Investment in Carbon Management Solutions, Key Developments, Future Growth

Carbon Capture, Utilization and Storage Market was valued at US$ 3.0 billion in 2023 and is projected to reach US$ 16.5 billion by 2031, expanding at a CAGR of 24.0% from 2024 to 2031.

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Key Development:

United States: Recent Industry Developments

✅ November 2025: ExxonMobil advanced large-scale CCUS hubs along the U.S. Gulf Coast to support industrial decarbonization.

✅ October 2025: The U.S. Department of Energy expanded funding under the 45Q tax credit to accelerate carbon capture deployment.

✅ September 2025: Occidental Petroleum scaled direct air capture (DAC) facilities for long-term CO2 sequestration.

Japan: Recent Industry Developments

✅ November 2025: Mitsubishi Heavy Industries expanded CO2 capture technologies for power plants and industrial facilities.

✅ October 2025: Japan initiated offshore CO2 storage feasibility studies to support its carbon neutrality goals.

✅ September 2025: Collaboration between Japanese utilities and heavy industries accelerated CCUS pilot projects.

GCC: Recent Industry Developments

✅ November 2025: Saudi Aramco expanded CCUS capacity at industrial clusters to support net-zero targets.

✅ October 2025: ADNOC advanced carbon capture projects integrated with enhanced oil recovery (EOR) operations.

✅ September 2025: GCC governments strengthened policy frameworks to attract foreign investment in CCUS infrastructure.

Key Players:

ExxonMobil Corporation, Schlumberger, Huaneng, Linde AG, Sulzer, Equinor, NRG, Aker Solutions, Mitsubishi Hitachi, Skyonic Corp.

Growth Forecast Projected:

The Global Carbon Capture Utilization and Storage Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Carbon Capture Utilization and Storage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

1. By Service: Capture, Transportation, Utilization, Storage

2. By Technology: Pre-combustion capture, Oxy-fuel combustion capture, Post-combustion capture

3. By End-User: Oil & gas, Power generation, Iron & steel, Chemical & petrochemical, Cement, Others

Regional Analysis for Carbon Capture Utilization 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Carbon Capture Utilization and Storage producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Carbon Capture Utilization and Storage revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Carbon Capture Utilization and Storage Market?

A: In 2023, the Carbon Capture Utilization and Storage Market was valued at US$ 3.0 billion, reflecting its strong industry presence.

Q2: How large is the Carbon Capture Utilization and Storage Market expected to be by 2033?

A: By 2031, industry forecasts suggest the Carbon Capture Utilization and Storage Market will grow to around US$ 16.5 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Carbon Capture Utilization and Storage Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 24.0% during the forecast period from 2025 to 2033.

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