Carbon Capture and Storage Market Size

Carbon Capture and Storage Market size was valued at USD 7.98 Billion in 2024 and is projected to exceed USD 81.86 Billion by the end of 2037, expanding at over 19.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of carbon capture and storage is evaluated at USD 9.26 Billion. The major element encouraging the growth of the market is the rise in the emission of carbon dioxide. In 2022, the amount of carbon dioxide (CO2) released into the atmosphere as a result of industrial activities and the burning of energy increased by about 0.8%, or approximately 320 Mt, to a new record-high of about 35 Gt. Hence, with the guidance of carbon capture and storage this growing emission is estimated to be captured.

After being captured, the CO2 may be compressed into a liquid or left in a gaseous condition to be delivered to a storage facility through a ship, road, or pipeline. This stored CO2 could be also utilized by improved coalbed methane recovery (ECBM) in order to extract methane gas.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of carbon capture and storage is assessed at USD 9.26 billion.

The carbon capture and storage market size was over USD 7.98 billion in 2024 and is anticipated to cross USD 81.86 billion by the end of 2037, witnessing more than 19.8% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by rising demand for power generation, growing need to recover oil, and surge in use of CCS in producing fertilizers.

North America industry is estimated to dominate majority revenue share by 2037, backed by growing CCS projects in this region.

The major players in the market include Exxon Mobil, Honeywell International Inc., Aker Solutions, Dakota Gasification Company, Fluor Corporation, Halliburton, Shell, The Linde Group, Siemens AG, General Electric.

Carbon Capture and Storage Market Size