Carbon Capture and Storage - Global Strategic Business Report

The global market for Carbon Capture and Storage was estimated at US$4.2 Billion in 2024 and is projected to reach US$7.7 Billion by 2030, growing at a CAGR of 10.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Carbon Capture and Storage market.

Global Carbon Capture and Storage Market - Key Trends & Drivers Summarized

Why Is Carbon Capture and Storage (CCS) Crucial for Climate Mitigation?

Carbon Capture and Storage (CCS) is a critical technology for mitigating climate change by reducing greenhouse gas emissions from industrial processes and power generation. CCS involves capturing carbon dioxide (CO2) emissions at their source, transporting them to a storage site, and securely storing them underground in geological formations. This process prevents CO2 from entering the atmosphere, thereby reducing the impact of fossil fuel combustion on global warming. CCS is particularly important for industries that are difficult to decarbonize, such as cement, steel, and chemical production. The technology plays a vital role in achieving net-zero emissions targets and supporting global climate goals.

What Are the Challenges and Innovations in Carbon Capture and Storage?

The deployment of CCS faces several challenges, including high costs, energy requirements, and the need for suitable storage sites. Capturing CO2 from industrial processes and power plants requires significant energy input, which can reduce the overall efficiency of these operations. Additionally, the transportation and storage of captured CO2 require robust infrastructure and careful monitoring to ensure safety and prevent leaks. Innovations in CCS technology are addressing these challenges by improving capture efficiency, reducing costs, and enhancing storage security. Advanced capture methods, such as chemical looping and membrane separation, are increasing the efficiency of CO2 capture. Innovations in storage monitoring, using seismic imaging and other techniques, are ensuring the long-term safety and integrity of storage sites.

How Is Technology Enhancing the Effectiveness of Carbon Capture and Storage?

Technological advancements are enhancing the effectiveness and feasibility of CCS. Improved capture technologies, such as post-combustion, pre-combustion, and oxy-fuel combustion, are increasing the efficiency and scalability of CO2 capture. Developments in transportation infrastructure, including pipelines and ships, are facilitating the safe and cost-effective movement of captured CO2 to storage sites. Advanced monitoring and verification technologies are ensuring the secure storage of CO2, providing confidence in the long-term stability of geological formations. Additionally, the integration of CCS with renewable energy sources and bioenergy production is creating new pathways for negative emissions, further enhancing the potential of CCS as a climate mitigation tool.

What Factors Are Driving the Growth in the Carbon Capture and Storage Market?

The growth in the carbon capture and storage market is driven by several factors. The increasing urgency to address climate change and reduce greenhouse gas emissions is a major driver, as CCS provides a viable solution for decarbonizing hard-to-abate sectors. Government policies and regulatory frameworks that support CCS deployment, including tax incentives and funding for research and development, are boosting market growth. Technological advancements that improve the efficiency and reduce the costs of CCS are making the technology more attractive and feasible. The growing commitment of industries to sustainability and net-zero emissions targets is also driving demand for CCS solutions. These factors collectively ensure the sustained growth and innovation in the carbon capture and storage market.

Scope of Study:

The report analyzes the Carbon Capture and Storage market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Technology (Pre-Combustion, Post Combustion, Industrial Separation, Oxy-Fuel Combustion); Application (Enhanced Oil Recovery (EOR) Application, Industrial Application, Other Applications)
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Pre-Combustion segment, which is expected to reach US$5.2 Billion by 2030 with a CAGR of a 10.4%. The Post Combustion segment is also set to grow at 12.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.3 Billion in 2024, and China, forecasted to grow at an impressive 12.2% CAGR to reach $745.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Carbon Capture and Storage Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Carbon Capture and Storage Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Carbon Capture and Storage Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Archer-Daniels-Midland Company, BP p.l.c, Chevron Corporation, Emissions Reduction Alberta, Equinor ASA and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 106 companies featured in this Carbon Capture and Storage market report include:

• Archer-Daniels-Midland Company
• BP p.l.c
• Chevron Corporation
• Emissions Reduction Alberta
• Equinor ASA
• GE Vernova
• Japan CCS Co., Ltd.
• Schlumberger Limited
• AtkinsRéalis Group Inc.
• Svante Technologies Inc.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.