Carbon Capture, Utilization, and Storage Market Report 2026

The carbon capture, utilization, and storage market size has grown rapidly in recent years. It will grow from $3.08 billion in 2025 to $3.51 billion in 2026 at a compound annual growth rate (CAGR) of 14%. The growth in the historic period can be attributed to increasing industrial CO2 emission levels, early adoption of post-combustion capture technologies, government-backed pilot CCUS projects, rising environmental compliance requirements, initial investments by oil and gas operators.

The carbon capture, utilization, and storage market size is expected to see rapid growth in the next few years. It will grow to $5.79 billion in 2030 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to expansion of net-zero emission commitments, increasing carbon pricing mechanisms, rising investments in low-carbon industrial processes, growing deployment of CCUS hubs and clusters, technological advancements reducing capture costs. Major trends in the forecast period include increasing deployment of large-scale carbon capture facilities, rising adoption of modular ccus systems, growing integration of carbon utilization pathways, expansion of long-term geological storage projects, enhanced focus on cost-optimized capture technologies.

Rising industrial emissions are expected to drive the growth of the carbon capture, utilization, and storage (CCUS) market. Industrial emissions include pollutants such as greenhouse gases, particulates, and volatile organic compounds released during manufacturing and production processes. These emissions are increasing due to higher global product demand, expanded industrial activity, and limited adoption of cleaner technologies. CCUS technologies help industries capture and store CO₂ emissions, reducing environmental impact and ensuring compliance with regulatory standards. For example, in November 2024, the Global Carbon Budget, a Japan-based annual scientific assessment, reported that fossil carbon dioxide emissions rose to 37.4 billion tonnes, a 0.8% increase from the previous year. As a result, growing industrial emissions are fueling the CCUS market.

Key companies in the CCUS market are focusing on technological advancements, such as direct air capture (DAC), to enhance sustainability efforts and brand reputation. DAC technology captures CO₂ directly from ambient air using chemical processes, enabling storage or utilization. For instance, in March 2024, ZeoDAC, a U.S.-based technology company, launched a carbon capture system using advanced solid materials - high-performance zeolites - to efficiently capture CO₂ from the air. The system employs a temperature-vacuum swing adsorption process for rapid scaling and effective carbon capture. Additionally, ZeoDAC’s technology captures water, enabling the creation of valuable end-products that provide both economic and environmental benefits.

In May 2024, CGG, a France-based geoscience and geophysical services company, partnered with Baker Hughes to provide integrated carbon capture, storage, and monitoring solutions. CGG contributes expertise in subsurface characterization and site screening, while Baker Hughes, a U.S.-based energy technology company, provides CO₂ capture, compression, and storage infrastructure. Together, the partnership delivers end-to-end carbon capture solutions for industrial and energy clients worldwide.

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.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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