Carbon Capture, Utilization, & Storage Market - Global Forecast 2025-2032

Carbon capture, utilization, and storage (CCUS) is advancing as a critical solution for decarbonizing industrial processes and power generation. As global and corporate climate targets align, senior decision-makers increasingly recognize CCUS as an essential bridge to achieving sustainability and regulatory compliance goals.

Market Snapshot: Carbon Capture, Utilization & Storage Market Growth

The Carbon Capture, Utilization, & Storage Market grew from USD 7.03 billion in 2024 to USD 8.60 billion in 2025. It is expected to continue growing at a CAGR of 22.62%, reaching USD 35.97 billion by 2032.

Scope & Segmentation

This report delivers an in-depth overview of service modalities, technology types, end-use industries, and geographic regions driving CCUS deployment:

• Service: Capture, Storage, Transportation, Utilization
• Technology Type: Oxy-Fuel Combustion Capture, Post-Combustion Capture, Pre-Combustion Capture
• End-Use Industry: Cement, Chemicals & Petrochemicals (including Fertilizers and Methanol Production), Iron & Steel, Oil & Gas (Enhanced Oil Recovery, Gas Processing), Power Generation (Coal-Fired Power Plants, Natural Gas Power Plants)
• Region: Americas (United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru) Europe, Middle East & Africa (United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland, United Arab Emirates, Saudi Arabia, Qatar, Turkey, Israel, South Africa, Nigeria, Egypt, Kenya) Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, Taiwan)
• Company Coverage: Aker Solutions ASA, Atlas Copco AB, Baker Hughes Company, Bechtel Corporation, Carbon Clean Solutions Limited, Carbon Engineering Ltd., Chevron Corporation, COWI A/S, Eaton Corporation PLC, Exxon Mobil Corporation, Fluor Corporation, General Electric Company, Halliburton Company, Honeywell International Inc., Linde PLC, MAN Energy Solutions SE, McDermott International Ltd., Mitsubishi Heavy Industries Ltd., National Grid PLC, NOV Inc., PAO NOVATEK, SABIC Group, Saudi Arabian Oil Company, Schlumberger Limited, Shell PLC, Siemens AG, Svante Inc., TotalEnergies SE

Key Takeaways for Decision-Makers

• CCUS enables heavy industries and power generators to align their operations with global decarbonization objectives, effectively supporting both regulatory compliance and voluntary net-zero commitments.
• Emerging technologies such as advanced solvents, membranes, and modular capture units are driving down costs and improving deployment flexibility across projects of varying scale.
• Collaborative financing models, like green bonds and carbon contracts for difference, attract a broad range of investors and share project risk along the CCUS value chain.
• Distinct regional growth drivers inform project placement, with the United States, China, the European Union, and the Middle East each utilizing unique policy incentives and resource bases.
• Strategic alliances and partnerships within and across regions are redefining competition, balancing scale with specialization in novel utilization applications, such as building materials or enhanced oil recovery.

Tariff Impact: Navigating New Compliance Challenges

Recent United States tariffs on machinery and materials have increased procurement costs and complexity for CCUS projects. Developers are adapting by prioritizing domestic sourcing, negotiating new supply chain arrangements, and revising contract provisions. These shifts require strategic budget management and ongoing engagement with regulators to optimize project delivery amid changing trade environments.

Methodology & Data Sources

Analysis combines primary research—interviews with project developers, technology licensors, and policy makers—with secondary data from reputable industry reports, technical whitepapers, and regulatory documents. Data triangulation and validation with case studies and expert advisory ensure robust, actionable insights for senior stakeholders.

Why This Report Matters

• Clarifies how segmentation, policy frameworks, and technology evolution converge to shape CCUS market opportunities and risks.
• Guides decision-makers in identifying optimal investments across services, technologies, and geographies tailored to their organization’s emission profile.
• Equips senior leaders with strategic recommendations to streamline project integration, manage tariff risks, and form high-impact partnerships in carbon management.

Conclusion

The Carbon Capture, Utilization & Storage Market is entering a new phase as technology advances, regulatory frameworks mature, and industry partnerships deepen. This report arms senior executives with the knowledge required to convert decarbonization mandates into actionable, sustainable growth strategies.

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