Carbon Capture, Utilization and Storage(CCUS) Research:with a compound annual growth rate (CAGR) of 13.7% over the next few years

Carbon Capture, Utilization and Storage(CCUS)Product Overview

Carbon Capture, Utilization, and Storage (CCUS) is a systematic low-carbon technology solution encompassing the entire process of capturing carbon dioxide (CO2) from industrial emission sources or the environment, purifying and compressing it, and then utilizing or permanently storing it. The capture stage typically employs technologies such as chemical absorption, physical adsorption, and membrane separation to separate high-purity CO2 from flue gas, exhaust gas, or the atmosphere. The utilization stage uses CO2 to produce chemicals, fuels, and mineral materials, achieving resource value-added. The storage stage uses methods such as geological injection and mineralized carbon sequestration to permanently isolate CO2 from the atmosphere, achieving industry emission reduction targets. CCUS covers major emission sectors such as power, chemical, steel, and cement, and is one of the important technology systems for achieving deep emission reduction in industries with difficult emission reduction capabilities.

In terms of market and profit structure, the monetizable revenue of CCUS typically comes mainly from the utilization end and integrated delivery, while the capture stage is more reflected in project costs and energy consumption inputs. Under the engineering delivery perspective, EPC general contracting, process package licensing, and operation and maintenance services can generate continuous revenue, with a gross profit margin typically ranging from approximately 15% to 30%.

Figure00001. Carbon Capture, Utilization and Storage(CCUS)Product Picture

Carbon Capture, Utilization and Storage(CCUS)

Source: Secondary Sources and QYResearch, 2025

Carbon Capture, Utilization and Storage(CCUS)Market Summary

According to the latest research report from QYResearch, the global carbon dioxide capture and utilization (CCUS) market is expected to reach US$13.511 billion in 2031, with a compound annual growth rate (CAGR) of 13.7% over the next few years.

Figure00002. Global Carbon Capture, Utilization and Storage(CCUS)Market Size (US$ Million), 2025-2032

Carbon Capture, Utilization and Storage(CCUS)

Above data is based on report from QYResearch: Global Carbon Capture, Utilization and Storage(CCUS)Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

CCUS key players in the industry chain

Typical Foreign Participants

Climeworks, Avnos, Compact Membrane Systems, Global Thermostat, Novomer, OXY, Petrobras, Chevron Corporation, Carbfix, SLB Capturi, Exxon Mobil, Honeywell, Aker Solutions, Carbon clean, Linde, BASF, Mitsubishi Heavy Industries, Fluor Corporation, Baker Hughes, Shell CANSOLV, Siemens Energy

Typical Chinese Participants

China Huaneng Group.,Ltd., CHN Energy, CNPC, Beijing Energy Holding Co., Ltd., Shanghai Electric Group Co., Ltd, ENERGY CHINA, Sinopec, Guanghui Energy Co.,Ltd., ChinaCoal, China Resources, Guangdong Energy Group Co., Ltd., GreenOre CleanTech (Shanghai) Co., Ltd., HBIS Group Co., Ltd., Linhe Climate Technology (Beijing) Co., Ltd., Jiangsu Green Carbon Nanotechnology Co., Ltd., Colorful, Shougang LanzaTech, Yuanchu Technology (Beijing)Co.,Ltd., Xi'an Carbon Energy Technology Co., Ltd., Anhui CO2 Cap&Conv Technology CO., LTD., Tianjin Zhongke HuiZhi Technology Co. Ltd, Cleanco2, Feynman Dynamics Ltd, Roxyl Carbon, Inc.

Key Technical/Regulatory/Safety Standards

International | ISO 27914:2017: Requirements and recommendations for CO2 geological storage (site selection, design, operation, closure, risk and stakeholder management, etc.), emphasizing safety, long-term storage, and minimizing environmental health risks.

International | ISO 27913:2024: Requirements for CO2 fluid pipeline transport systems (safe and reliable transport from capture to storage/utilization).

International | ISO 27916:2019: Accounting and methodological framework for "accompanying geological reserves" in CO2 enhanced oil recovery (CO2-EOR) processes.

EU: CO2 Geological Storage (CCS) Directive, covering core regulatory requirements such as permitting, site selection, monitoring, and post-closure liability.

US: CO2 geological storage injection well (Class VI) permitting and technical regulatory framework.

US: Disclosure and accounting requirements for greenhouse gas information related to geological storage injection.

Historical Developments

April 2025 | USA: Commercialization of "High Capture Rate + Hub Storage" in the Power Industry Accelerates - The Calpine Baytown project plans to capture approximately 95% of CO2 from power plants, which will be transported and permanently stored by ExxonMobil, with a contract size of up to 2 million tons/year.

March 2025 | Europe: Cross-border CO2 Transportation + Maritime Storage Enters Project Completion Phase - Equinor disclosed that Northern Lights has completed construction and plans to receive and store CO2 in 2025, demonstrating the "open storage services market" path.

June 2025 | Europe: Storage Capacity Moves from "Demonstration" to "Large-Scale Expansion" - Northern Lights received approval for its second phase expansion, planning to increase its transportation and storage capacity to approximately 5 million tons/year.

2023-04 | USA: DAC and "Certified Negative Emissions" Moving Towards Large-Scale - 1PointFive Launches STRATOS DAC Project, Designed with an Annual CO2 Capture Capacity of 500,000 Tons, Setting a Benchmark for "High-Quality Removal Capacity".

2022-09 | China: Million-Ton-Level Full-Chain Demonstration Project Commences Operation - The "Qilu Petrochemical-Shengli Oilfield Million-Ton-Level CCUS Project" Officially Begins Gas Injection Operation, Reducing CO2 Emissions by 1 Million Tons Annually, and Discloses Key Engineering Parameters such as Well Network and Long-Term Injection Scale.

Market Development Opportunities and Key Driving Factors

As of July 2024, there were approximately 50 operational CCUS projects globally, with a capture capacity of approximately 51 million tons per year, and approximately 44 projects under construction, also with a capacity of approximately 51 million tons per year. More broadly, there were approximately 628 projects and pipelines, corresponding to a capture capacity of approximately 416 million tons per year, indicating that the industry has moved from a "single-point demonstration" phase to an expansion phase of "multi-industry and multi-regional development." The core demand-side drivers stem from the compliance pressures of hard emission reduction industries and the capital market's preference for verifiable emission reduction/removal assets: the US IRA has enhanced 45Q, providing incentives of up to $85/ton for permanent sequestration and up to $180/ton for DAC permanent sequestration, significantly improving project financing availability; the EU has clearly stated its goal of achieving at least 50 million tons per year of underground CO2 injection capacity by 2030, promoting the formation of a cross-border "storage services market."

Market Challenges, Risks, and Constraints

The commercialization constraints of CCUS are not limited to a single technology, but rather involve "full-chain risk pricing": energy consumption and costs at the capture end, public safety and permitting coordination of the transmission network, reservoir site selection and long-term liability allocation, and the operability of MRV/disclosure requirements all affect financing costs and delivery cycles. In the US, the regulatory framework for geological storage injection well permitting is based on UIC Class VI, while the Greenhouse Gas Reporting Rules require disclosure and accounting for geological storage injections. This "strong regulation + strong verification" approach enhances project credibility but also makes approval, data, and compliance costs key variables in project timeline.

Downstream Demand Trends

Downstream applications are gradually spilling over from traditional EOR to "hub-like" scenarios in power, hydrogen energy, and high-emission industries. For example, large-scale projects targeting 95% capture rates have emerged in the US natural gas power generation sector, and these projects are integrated with coastal storage resources, existing CO2 pipelines, and third-party storage services, reflecting an integrated "capture-transport-storage" delivery trend. Meanwhile, the rising demand for "high-quality carbon removal" is elevating the strategic importance of pathways such as DAC/biomass co-location and storage. Brokerage research shows that the market value and contract volume of long-term direct purchase agreements for carbon removal will increase significantly in 2025, strengthening the demand-side certainty for verifiable and deliverable removal volumes. In China, the commissioning and disclosure of engineering parameters for million-ton-level full-chain demonstration projects are accelerating the transition from demonstration to replicable industrialization capabilities, laying the data and engineering foundation for large-scale applications in chemical, coal chemical, refining, and oil and gas field scenarios.

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