Global Carbon Capture and Sequestration Market Size Study & Forecast, by Capture Source (Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, and Others), by End-Use (Enhanced Oil Recovery {EOR} and Dedicated Storage & Treatment),

The Global Carbon Capture and Sequestration Market is valued at approximately USD 3.54 billion in 2024 and is anticipated to grow at a robust CAGR of 18.18% over the forecast period from 2025 to 2035. Carbon capture and sequestration (CCS) has rapidly transitioned from a theoretical climate mitigation concept to an actionable decarbonization strategy, primarily driven by growing regulatory pressure, net-zero ambitions, and industry-wide sustainability commitments. CCS technologies are now indispensable in curbing industrial CO₂ emissions at the source and enabling long-term geological storage or repurposing for enhanced oil recovery. With the world rallying around carbon neutrality goals and stringent emission caps being enforced globally, industries across the board—from power generation and chemicals to fertilizers and natural gas processing—are increasingly adopting CCS systems as both a compliance mechanism and a competitive differentiator.

As nations strive to decouple economic growth from environmental degradation, the demand for CCS technologies has intensified across high-emission sectors. Power generation continues to account for a major share of the market, particularly in coal-dependent economies where CCS implementation serves as a transitional tool toward cleaner energy. Furthermore, the increasing utilization of CCS in natural gas processing, especially in CO₂-rich basins, reinforces its pivotal role in sustainable fossil fuel operations. Meanwhile, the rise in blue hydrogen production and ammonia-based fertilizers has made CCS integral to decarbonizing essential value chains. The enhanced oil recovery (EOR) segment continues to be a dominant end-use application, as it enables not only CO₂ storage but also maximizes the efficiency of hydrocarbon extraction, bridging profitability with sustainability.

Geographically, North America commands a leading position in the global carbon capture and sequestration market, underpinned by early deployment of large-scale CCS projects, generous government subsidies, and a matured regulatory framework. The United States, in particular, has aggressively ramped up investments in CCS infrastructure as part of its broader Inflation Reduction Act and climate resilience strategy. Europe trails closely, driven by its aggressive emissions trading systems and robust environmental policies. The region’s industrial clusters in Germany, the Netherlands, and Norway are actively integrating CCS hubs to meet decarbonization mandates. On the other hand, the Asia Pacific region is emerging as a promising frontier for CCS growth, particularly with the surging energy demands and net-zero aspirations in China, India, and Japan. These countries are actively exploring carbon capture as a strategic lever to reconcile economic expansion with climate goals, especially in hard-to-abate sectors like cement, steel, and chemicals.

Major market player included in this report are:
• Chevron Phillips Chemical Company
• Halliburton Company
• Baker Hughes Company
• BASF SE
• Croda International Plc.
• Aubin Group
• Trican Well Service Ltd.
• Schlumberger Limited
• Impact Fluid Solutions
• M&D Industries Of Louisiana, Inc.
• Linde plc
• Occidental Petroleum Corporation
• Air Products and Chemicals, Inc.
• ExxonMobil Corporation
• Royal Dutch Shell plc

Global Carbon Capture and Sequestration Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Capture Source:
• Chemicals
• Natural Gas Processing
• Power Generation
• Fertilizers Production
• Others

By End-Use:
• Enhanced Oil Recovery (EOR)
• Dedicated Storage & Treatment

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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