Carbon Capture and Storage Market Set to Soar: Key Drivers, Emerging Technologies 2025-2032 | Major players - Mitsubishi Heavy Industries, Ltd., Aker Solutions ASA, Exxon Mobil Corporation.

Market Overview:

The Global Carbon Capture & Storage Market is expected to grow at a CAGR of 15.95% during the forecasting period (2024-2031).

The Carbon Capture and Storage Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Carbon Capture and Storage (CCS) Market involves technologies that capture carbon dioxide emissions from industrial and energy-related sources, transport them, and store them underground to prevent atmospheric release. Driven by climate policies and decarbonization goals, the market spans capture systems, pipelines, and storage facilities, serving power, oil & gas, and industrial sectors globally, with growth fueled by sustainability initiatives.

Recent Key Developments of United States:

✅ November 2025: The U.S. Environmental Protection Agency granted Texas primacy over Class VI wells for CO2 injection on November 12, 2025, empowering the Railroad Commission of Texas as the permitting authority effective December 15, 2025, to accelerate carbon storage projects statewide. This approval unlocks stalled CCS initiatives amid growing industrial demand.​

✅ October 2025: The U.S. Department of Energy expanded 45Q tax credit funding to speed up carbon capture across sectors like power and industry. This builds on policy enhancements from the One Big Beautiful Bill Act signed in July 2025, improving project economics despite inflation pressures.​

✅ September 2025: Occidental Petroleum expanded direct air capture facilities for CO2 sequestration, reinforcing U.S. advancements in removal technologies. These efforts align with Gulf Coast hubs like ExxonMobil's, targeting millions of tons in annual storage.​

Recent Key Developments of Japan:

✅ December 2025: INPEX launched the Kashiwazaki Hydrogen Park in Niigata Prefecture, Japan's first blue hydrogen and ammonia facility with integrated CCS, capturing production emissions for underground injection into depleted formations. The project, running through 2025 with potential extensions, advances domestic CCUS data and low-carbon supply chains.​

✅ November 2025: Japan hosted the CCS Forum 2025 on November 26, emphasizing Asia-Pacific cross-border CCS deployment under the GX strategy for 2030 commercialization. Discussions highlighted pilot progress and support schemes in the Seventh Strategic Energy Plan.​

✅ October 2025: Japan's Ministry of Economy, Trade and Industry signed a CCS cooperation memorandum with Malaysia on October 17, paving the way for the first cross-border CO2 transport projects. This supports Japan's 6-12 million tons annual storage goal by 2030 amid diplomatic pushes for regional CCS.​

List of the Key Players in the Carbon Capture and Storage Market:

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.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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:

⇥ 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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