Carbon Capture and Sequestration Market to Grow at 13.5% CAGR Through 2031, Driven by Net-Zero Targets and Industrial Decarbonization | DataM Intelligence

According to DataM Intelligence, the global Carbon Capture and Sequestration (CCS) Market is expected to grow at a CAGR of 13.5% during the forecast period 2024-2031. This growth is driven by accelerating global net-zero commitments, tightening carbon emission regulations, rising investments in low-carbon technologies, and increasing adoption of CCS across hard-to-abate industries including oil & gas, power generation, cement, steel, and chemicals.

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North America (Largest Region) - Key Industry Developments
✅ November 2025: ExxonMobil and Shell CANSOLV expanded large-scale carbon capture facilities across the U.S. Gulf Coast, targeting emission reductions from refining and petrochemical operations.
✅ October 2025: Fluor Corporation secured new engineering and construction contracts for CCS infrastructure supporting power plants and industrial emitters across the United States.
✅ September 2025: Global Thermostat partnered with North American utilities to deploy direct air capture (DAC) systems integrated with long-term geological storage projects.

Asia-Pacific (Fastest-Growing Region) - Key Industry Developments
✅ November 2025: Mitsubishi Heavy Industries advanced post-combustion carbon capture projects across Japan and Southeast Asia, focusing on cement, steel, and power generation facilities.
✅ October 2025: Linde AG expanded CCS technology deployments in China and India, supporting hydrogen production, chemicals, and refining operations.
✅ September 2025: Regional governments collaborated with Siemens and local utilities to integrate CCS with renewable energy and clean hydrogen initiatives.

Key Mergers and Acquisitions
✅ Technology Capability Expansion: In late 2025, a global engineering services company acquired a carbon capture technology startup in Asia-Pacific to strengthen post-combustion and direct air capture capabilities.
✅ Strategic Industrial Partnerships: Leading energy companies increased minority investments and joint ventures with CCS technology providers to accelerate commercialization and reduce deployment costs.

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Market Segmentation Analysis
By Service: Capture services dominate the market, particularly post-combustion technologies due to compatibility with existing industrial infrastructure. Transportation and storage services are gaining importance as regional CCS hubs expand.
By End-User: Oil & gas and power plants account for a significant share, followed by cement, iron & steel, chemical industries, and mining sectors driven by stringent emission regulations.

Regional Insights
North America holds the largest market share, supported by favorable policies, tax incentives, and large-scale CCS projects. Asia-Pacific is the fastest-growing region, driven by industrial expansion, rising energy demand, and government-led decarbonization strategies across China, Japan, India, and Southeast Asia. Europe continues steady growth supported by climate policies and cross-border CCS infrastructure development.

Growth Drivers
1. Rising global net-zero and carbon neutrality commitments
2. Increasing regulatory pressure to reduce industrial CO2 emissions
3. Growing investments in clean energy and industrial decarbonization
4. Expansion of CCS hubs and shared storage infrastructure
5. Technological advancements reducing capture and storage costs

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Key Players
The global carbon capture and sequestration market includes Linde AG, Carbfix, Fluor Corporation, Climeworks, Mitsubishi Heavy Industries, General Electric, NET Power, Siemens, Global Thermostat, and Shell CANSOLV, among others.

Key Highlights (Top 5 Key Players)
1. Linde AG - Expertise in industrial gas processing and large-scale CCS deployment
2. Mitsubishi Heavy Industries - Leader in post-combustion capture technologies
3. Fluor Corporation - EPC leader supporting global CCS infrastructure projects
4. Climeworks - Pioneer in direct air capture technology
5. Shell CANSOLV - Advanced carbon capture solutions for industrial applications

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