Carbon Capture and Storage (CCS) Market Size, Share, Trends, Industry Analysis Report By Capture Type (Pre-Combustion, Industrial Separation), By Application, By Region – Market Forecast, 2025–2034
Description
The carbon capture and storage market size is expected to reach USD 7.64 billion by 2034, according to a new study by Polaris Market Research. The report “Carbon Capture and Storage (CCS) Market Size, Share, Trends, Industry Analysis Report By Capture Type (Pre-Combustion, Industrial Separation), By Application, By Region– Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Carbon capture and storage can be defined as the process that traps the carbon dioxide gas at the emission source, and then transports it to a storage location, isolating it. The storage location in most cases is underground. The process guarantees greener energy by capturing the excess carbon dioxide (CO2).
Private sector commitment to environmental, social, and governance (ESG) standards is playing a significant role in CCS market expansion. Many global companies are setting ambitious net-zero or carbon-neutral goals and view CCS as a strategic tool to meet them. Industries with limited decarbonization options are particularly reliant on CCS. Investor pressure and customer expectations around sustainability are further driving corporate action. Consequently, CCS is being integrated into long-term ESG strategies, spurring demand from companies looking to reduce emissions while maintaining economic competitiveness, thereby driving the carbon capture and storage market growth.
The continuous rise in carbon dioxide emissions due to increased industrial activity, power generation, and transportation has become a major environmental concern. Governments and environmental organizations are pushing for urgent action to limit global warming. CCS technology offers a practical solution by capturing CO₂ at the source before it reaches the atmosphere. The demand for CCS is growing rapidly as countries strive to meet international climate targets such as the Paris Agreement. Industries see CCS as a viable way to continue operations while minimizing environmental impact, driving widespread adoption across sectors such as cement, steel, and energy.
Carbon Capture and Storage (CCS) Market Report Highlights
In 2024, the pre-combustion segment accounted for xx% share due to its high efficiency and early integration into power generation and industrial systems.
The industrial segment is expected to experience significant growth during the forecast period, driven by increasing measures to decarbonize hard-to-abate sectors such as cement, steel, and chemical manufacturing.
The market in North America accounted significant share in 2024, due to strong government support, established infrastructure, and early adoption of carbon reduction strategies.
The industry in the U.S. is expected to register a significant CAGR during the forecast period, driven by federal incentives, energy security goals, and strong climate policies.
The Asia Pacific industry is projected to record significant growth by 2034, fueled by rapid industrialization and increasing pressure to curb emissions from sectors such as cement, steel, and energy.
A few global key market players are Aker Solutions; Dakota Gasification Company; Fluor; HTC CO2 Systems Corp.; Japan CCS Co., Ltd.; Linde Engineering India Pvt. Ltd; Maersk Oil; Mitsubishi Heavy Industries; Shell CANSOLV; Siemens AG; Statoil; and Sulzer.
Polaris Market Research has segmented the carbon capture and storage market report based on capture type, application, and region:
By Capture Type (Revenue - USD Billion, 2020–2034)
Pre-Combustion
Industrial Separation
Oxyfuel-Combustion
Post-Combustion
By Application (Revenue - USD Billion, 2020–2034)
Enhanced Oil Recovery
Industrial
Agriculture
Others
By Regional Outlook (Revenue - USD Billion, 2020–2034)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Carbon capture and storage can be defined as the process that traps the carbon dioxide gas at the emission source, and then transports it to a storage location, isolating it. The storage location in most cases is underground. The process guarantees greener energy by capturing the excess carbon dioxide (CO2).
Private sector commitment to environmental, social, and governance (ESG) standards is playing a significant role in CCS market expansion. Many global companies are setting ambitious net-zero or carbon-neutral goals and view CCS as a strategic tool to meet them. Industries with limited decarbonization options are particularly reliant on CCS. Investor pressure and customer expectations around sustainability are further driving corporate action. Consequently, CCS is being integrated into long-term ESG strategies, spurring demand from companies looking to reduce emissions while maintaining economic competitiveness, thereby driving the carbon capture and storage market growth.
The continuous rise in carbon dioxide emissions due to increased industrial activity, power generation, and transportation has become a major environmental concern. Governments and environmental organizations are pushing for urgent action to limit global warming. CCS technology offers a practical solution by capturing CO₂ at the source before it reaches the atmosphere. The demand for CCS is growing rapidly as countries strive to meet international climate targets such as the Paris Agreement. Industries see CCS as a viable way to continue operations while minimizing environmental impact, driving widespread adoption across sectors such as cement, steel, and energy.
Carbon Capture and Storage (CCS) Market Report Highlights
In 2024, the pre-combustion segment accounted for xx% share due to its high efficiency and early integration into power generation and industrial systems.
The industrial segment is expected to experience significant growth during the forecast period, driven by increasing measures to decarbonize hard-to-abate sectors such as cement, steel, and chemical manufacturing.
The market in North America accounted significant share in 2024, due to strong government support, established infrastructure, and early adoption of carbon reduction strategies.
The industry in the U.S. is expected to register a significant CAGR during the forecast period, driven by federal incentives, energy security goals, and strong climate policies.
The Asia Pacific industry is projected to record significant growth by 2034, fueled by rapid industrialization and increasing pressure to curb emissions from sectors such as cement, steel, and energy.
A few global key market players are Aker Solutions; Dakota Gasification Company; Fluor; HTC CO2 Systems Corp.; Japan CCS Co., Ltd.; Linde Engineering India Pvt. Ltd; Maersk Oil; Mitsubishi Heavy Industries; Shell CANSOLV; Siemens AG; Statoil; and Sulzer.
Polaris Market Research has segmented the carbon capture and storage market report based on capture type, application, and region:
By Capture Type (Revenue - USD Billion, 2020–2034)
Pre-Combustion
Industrial Separation
Oxyfuel-Combustion
Post-Combustion
By Application (Revenue - USD Billion, 2020–2034)
Enhanced Oil Recovery
Industrial
Agriculture
Others
By Regional Outlook (Revenue - USD Billion, 2020–2034)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
125 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Carbon Capture and Storage Market Insights
- 4.1. Carbon Capture and Storage Market – Market Snapshot
- 4.2. Carbon Capture and Storage Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Supportive Government Policies and Incentives
- 4.2.1.2. Expansion of Hydrogen Economy
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Initial Investment
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Carbon Capture and Storage Market Application Trends
- 4.6. Value Chain Analysis
- 5. Global Carbon Capture and Storage Market, by Capture Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 5.3. Pre-combustion
- 5.3.1. Global Carbon Capture and Storage Market, by Pre-combustion, by Region, 2020-2034 (USD Billion)
- 5.4. Industrial separation
- 5.4.1. Global Carbon Capture and Storage Market, by Industrial separation, by Region, 2020-2034 (USD Billion)
- 5.5. Oxyfuel-combustion
- 5.5.1. Global Carbon Capture and Storage Market, by Oxyfuel-combustion, by Region, 2020-2034 (USD Billion)
- 5.6. Post-combustion
- 5.6.1. Global Carbon Capture and Storage Market, by Post-combustion, by Region, 2020-2034 (USD Billion)
- 6. Global Carbon Capture and Storage Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 6.3. Enhanced Oil Recovery
- 6.3.1. Global Carbon Capture and Storage Market, by Enhanced Oil Recovery, by Region, 2020-2034 (USD Billion)
- 6.4. Industrial
- 6.4.1. Global Carbon Capture and Storage Market, by Industrial, by Region, 2020-2034 (USD Billion)
- 6.5. Agriculture
- 6.5.1. Global Carbon Capture and Storage Market, by Agriculture, by Region, 2020-2034 (USD Billion)
- 6.6. Others
- 6.6.1. Global Carbon Capture and Storage Market, by Others, by Region, 2020-2034 (USD Billion)
- 7. Global Carbon Capture and Storage Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Carbon Capture and Storage Market Assessment, By Geography, 2020-2034 (USD Billion)
- 7.3. Carbon Capture and Storage Market – North America
- 7.3.1. North America: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.3.2. North America: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.3.3. Carbon Capture and Storage Market – U.S.
- 7.3.3.1. U.S.: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.3.3.2. U.S.: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.3.4. Carbon Capture and Storage Market – Canada
- 7.3.4.1. Canada: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.3.4.2. Canada: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.3.5. Carbon Capture and Storage Market – Mexico
- 7.3.5.1. Mexico: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.3.5.2. Mexico: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4. Carbon Capture and Storage Market – Europe
- 7.4.1. Europe: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.2. Europe: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.3. Carbon Capture and Storage Market – UK
- 7.4.3.1. UK: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.3.2. UK: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.4. Carbon Capture and Storage Market – France
- 7.4.4.1. France: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.4.2. France: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.5. Carbon Capture and Storage Market – Germany
- 7.4.5.1. Germany: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.5.2. Germany: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.6. Carbon Capture and Storage Market – Italy
- 7.4.6.1. Italy: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.6.2. Italy: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.7. Carbon Capture and Storage Market – Spain
- 7.4.7.1. Spain: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.7.2. Spain: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.8. Carbon Capture and Storage Market – Netherlands
- 7.4.8.1. Netherlands: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.8.2. Netherlands: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.9. Carbon Capture and Storage Market – Russia
- 7.4.9.1. Russia: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.9.2. Russia: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.4.10. Carbon Capture and Storage Market – Rest of Europe
- 7.4.10.1. Rest of Europe: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.4.10.2. Rest of Europe: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5. Carbon Capture and Storage Market – Asia Pacific
- 7.5.1. Asia Pacific: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.3. Carbon Capture and Storage Market – China
- 7.5.3.1. China: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.3.2. China: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.4. Carbon Capture and Storage Market – India
- 7.5.4.1. India: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.4.2. India: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.5. Carbon Capture and Storage Market – Malaysia
- 7.5.5.1. Malaysia: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.5.2. Malaysia: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.6. Carbon Capture and Storage Market – Japan
- 7.5.6.1. Japan: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.6.2. Japan: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.7. Carbon Capture and Storage Market – Indonesia
- 7.5.7.1. Indonesia: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.7.2. Indonesia: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.8. Carbon Capture and Storage Market – South Korea
- 7.5.8.1. South Korea: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.8.2. South Korea: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.9. Carbon Capture and Storage Market – Australia
- 7.5.9.1. Australia: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.9.2. Australia: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.5.10. Carbon Capture and Storage Market – Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.5.10.2. Rest of Asia Pacific: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.6. Carbon Capture and Storage Market – Middle East & Africa
- 7.6.1. Middle East & Africa: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.6.3. Carbon Capture and Storage Market – Saudi Arabia
- 7.6.3.1. Saudi Arabia: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.6.3.2. Saudi Arabia: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.6.4. Carbon Capture and Storage Market – UAE
- 7.6.4.1. UAE: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.6.4.2. UAE: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.6.5. Carbon Capture and Storage Market – Israel
- 7.6.5.1. Israel: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.6.5.2. Israel: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.6.6. Carbon Capture and Storage Market – South Africa
- 7.6.6.1. South Africa: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.6.6.2. South Africa: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.6.7. Carbon Capture and Storage Market – Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.6.7.2. Rest of Middle East & Africa: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.7. Carbon Capture and Storage Market – Latin America
- 7.7.1. Latin America: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.7.3. Carbon Capture and Storage Market – Brazil
- 7.7.3.1. Brazil: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.7.3.2. Brazil: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.7.4. Carbon Capture and Storage Market – Argentina
- 7.7.4.1. Argentina: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.7.4.2. Argentina: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 7.7.5. Carbon Capture and Storage Market – Rest of Latin America
- 7.7.5.1. Rest of Latin America: Carbon Capture and Storage Market, by Capture Type, 2020-2034 (USD Billion)
- 7.7.5.2. Rest of Latin America: Carbon Capture and Storage Market, by Application, 2020-2034 (USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Aker Solutions
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Dakota Gasification Company
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Fluor
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. HTC CO2 Systems Corp.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Japan CCS Co., Ltd.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Linde Engineering India Pvt. Ltd
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Maersk Oil
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Mitsubishi Heavy Industries
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Shell CANSOLV
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Siemens AG
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Statoil
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Sulzer
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
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