The Global Market for Carbon Capture, Utilization and Storage (CCUS) 2023-2040

The Global Market for Carbon Capture, Utilization and Storage (CCUS) 2023-2040

Carbon capture, utilization, and storage (CCUS) refers to technologies that capture CO2 emissions and use or store them, leading to permanent sequestration. CCUS technologies capture carbon dioxide emissions from large power sources, including power generation or industrial facilities that use either fossil fuels or biomass for fuel. CO2 can also be captured directly from the atmosphere. If not utilized onsite, captured CO2 is compressed and transported by pipeline, ship, rail or truck to be used in a range of applications, or injected into deep geological formations (including depleted oil and gas reservoirs or saline formations) which trap th CO2 for permanent storage.

Carbon removal technologies include direct air capture (DAC) or bioenergy with carbon capture and storage (BECCS). This fast growing market is being driven by government climate initiatives and increased public and private investments. In 2022 there was over $1 billion in private investment in CCUS companies. Climeworks, a Swiss start-up developing direct air capture (DAC) raised a $650m round in April 2022. In December 2022, Svante raised US$318 million in a Series E fundraising round. Funding has dipped in 2023, but investment remains robust.

The market for CO2 use is expected to remain relatively small in the near term (<$2.5 billion), but will grow in the next few years in the drive to mitigate carbon emissions from industry, potentially becoming a Trillion Dollar market. There are currently 35 commercial facilities globally are capturing 45 Mt CO2 globally, with another 200 carbon capture facilities planned by 2030, increasing annual carbon capture volume to ~220 Mt CO2 in total. New pathways to use CO2 in the production of fuels, chemicals and building materials are driving global interest, allied to increasing backing from governments, industry and investors.

Report contents include:
 Analysis of the global market for carbon capture, utilization, and storage (CCUS) technologies.
 Market developments, funding and investment in carbon capture, utilization, and storage (CCUS) 2020-2023.
 Analysis of key market dynamics, trends, opportunities and factors influencing the global carbon, capture utilization & storage technologies market and its subsegments.
 Market barriers to carbon capture, utilization, and storage (CCUS) technologies.
 National policies and strategies.
Latest CCS projects updates.
 Latest developments in carbon capture, storage and utilization technologies
 Market analysis of CO2-derived products including fuels, chemicals, building materials from minerals, building materials from waste, enhanced oil recovery, and CO2 use to enhance the yields of biological processes.
 Profiles of 262 companies in Carbon capture, utilization, and storage (CCUS) including products, collaborations and investment funding. Companies profiled include Algiecel, Aspiring Materials, Cambridge Carbon Capture, Carbon Engineering Ltd., Captura, Carbyon BV, CarbonCure Technologies Inc., CarbonOrO, Carbon Collect, Climeworks, Dimensional Energy, Dioxycle, Ebb Carbon, enaDyne, Fortera Corporation, Global Thermostat, Heirloom Carbon Technologies, High Hopes Labs, LanzaTech, Liquid Wind AB, Lithos, Living Carbon, Mars Materials, Mercurius Biorefining, Mission Zero Technologies, OXCUU, Oxylum, Paebbl, Prometheus Fuels, RepAir, Sunfire GmbH, Sustaera, Svante, Travertine Technologies and Verdox. Full list of companies profiled in table of contents. Show more