Carbon Capture, Utilization, And Storage Market Global Report 2026

The carbon capture, utilization, and storage market size has grown exponentially in recent years. It will grow from $6 billion in 2025 to $7.57 billion in 2026 at a compound annual growth rate (CAGR) of 26.2%. The expansion during the historical period can be attributed to rising levels of industrial CO2 emissions, initial adoption of post-combustion carbon capture technologies, implementation of government-supported CCUS demonstration projects, increasing requirements for environmental regulatory compliance, and early investments by oil and gas companies.

The carbon capture, utilization, and storage market size is expected to see exponential growth in the next few years. It will grow to $18.9 billion in 2030 at a compound annual growth rate (CAGR) of 25.7%. The growth in the forecast period can be attributed to the expansion of net-zero emission commitments, increasing implementation of carbon pricing mechanisms, rising investment in low-carbon industrial processes, growing deployment of CCUS hubs and clusters, and technological progress aimed at lowering carbon capture costs. Major trends in the forecast period include increasing deployment of large-scale carbon capture facilities, rising adoption of modular CCUS solutions, greater integration of carbon utilization pathways, expansion of long-duration geological carbon storage projects, and stronger emphasis on cost-efficient carbon capture technologies.

The increase in industrial emissions is expected to drive the growth of the carbon capture, utilization, and storage market going forward. Industrial emissions are pollutants, including greenhouse gases, particulate matter, and volatile organic compounds, released into the atmosphere through manufacturing and other industrial production activities. Industrial emissions are increasing as global demand for manufactured goods rises, industrial operations expand, and the adoption of cleaner production technologies remains insufficient. Carbon capture, utilization, and storage (CCUS) technologies are deployed across industrial facilities to capture carbon dioxide emissions and either utilize or permanently store them, reducing environmental impacts and supporting compliance with emissions regulations. For instance, in November 2024, according to the Global Carbon Budget, a Japan-based annual scientific assessment, fossil carbon dioxide emissions increased to 37.4 billion tonnes, representing a 0.8% rise from the previous year. Therefore, increasing industrial emissions are expected to drive the growth of the carbon capture, utilization, and storage market.

Key companies operating in the carbon capture, utilization, and storage market are concentrating on technological advancements, such as direct air capture (DAC) technologies, to strengthen brand reputation and demonstrate their commitment to sustainability. Direct air capture (DAC) technology refers to processes that capture carbon dioxide directly from ambient air through chemical processes, enabling the captured carbon dioxide to be subsequently stored or utilized. For example, in March 2024, ZeoDAC, a US-based technology company focused on developing innovative solutions, launched an advanced carbon capture technology that uses specialized solid materials, particularly high-performance zeolites, to efficiently capture carbon dioxide directly from the atmosphere. The technology uses a temperature-vacuum swing adsorption process, enabling rapid scaling and efficient carbon capture. In addition, ZeoDAC's system is capable of capturing water, allowing the production of valuable end-products that can generate economic returns while also delivering environmental benefits.

In May 2024, CGG, a France-based geoscience and geophysical services company, partnered with Baker Hughes to jointly deliver integrated carbon capture, storage, and monitoring solutions. Through this partnership, CGG provides its expertise in subsurface characterization and site assessment, while Baker Hughes contributes CO₂ capture, compression, and storage infrastructure, supporting the delivery of end-to-end carbon capture solutions to industrial and energy customers globally. Baker Hughes is a US-based energy technology company providing technologies for carbon capture.

Major companies operating in the carbon capture, utilization, and storage market are Shell plc, Aker Solutions, Linde PLC, Fluor Corporation, Mitsubishi Heavy Industries Ltd, Carbon Engineering Ltd, Schlumberger Limited, Exxon Mobil Corporation, Praxair Inc, NGK Spark Plug Co Ltd, Taiyo Nippon Sanso, Oxair, Air Products and Chemicals Inc, Yingde Gas Group Co. Ltd, Messer Group, Core Industrial Gases, Supagas, Sinopec Qilu-Shengli Oilfield CCUS, Equinor Total Energies, Zeroco2, NRG Energy, General Electric, Honeywell, Dakota Gasification Company, Chevron, Lanzatech, WIKA Alexander Wiegand SE & Co. KG, Gulf Cryo, Buzwair, Sasol, Air Liquide, Gas Africa Limited, Carbacid Investments Limited, Afrox.

North America was the largest region in the carbon capture, utilization, and storage market in 2025. The regions covered in the carbon capture, utilization, and storage market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the carbon capture, utilization, and storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon capture, utilization, and storage market includes revenues earned by entities by providing point source carbon capture, carbon transport and storage, carbon dioxide removal and conversion, hydrogen with carbon management, and integrated carbon management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

This product will be delivered within 1-3 business days.