Carbon Capture, Utilization, and Storage Market, By Service; By Technology; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa ), Global Trend Analysis, Competitive Landscape & Forecast, 2019-2031

Description

Global Carbon Capture, Utilization, and Storage (CCUS) Market at 11.2% CAGR to Touch USD 12 Billion by 2031

Global Carbon Capture, Utilization, and Storage (CCUS) Market is booming primarily due to an increasing focus on meeting stringent emissions regulations, advancements in technology, and governments' supportive incentives.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Carbon Capture, Utilization, and Storage (CCUS) Market size by value at USD 5.6 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Carbon Capture, Utilization, and Storage (CCUS) Market size to boom at a robust CAGR of 11.20% reaching a value of USD 11.8 billion by 2031. The growth of Global Carbon Capture, Utilization, and Storage (CCUS) Market is driven by increasing government regulations to reduce carbon emissions, rising investments in clean energy technologies, and growing industrial efforts to achieve net-zero emissions. Expanding applications in enhanced oil recovery (EOR), rising adoption in power generation and chemical industries, and technological advancements in carbon capture methods further boost the market growth. Additionally, the emergence of public-private partnerships and increasing incentives are expected to support the development of large-scale CCUS projects globally.

Opportunity - Climate Change Mitigation Goals

Global Carbon Capture, Utilization, and Storage (CCUS) Market is driven by stringent climate change mitigation goals set by international agreements like the Paris Accord. Governments and industries are adopting CCUS technologies to achieve net-zero carbon emissions targets. The rising emphasis on reducing industrial CO2 emissions, particularly in power generation, cement, and steel sectors, further boosts CCUS deployment. Additionally, supportive policies, tax incentives, and funding for research and development enhance the feasibility and adoption of CCUS solutions globally.

Post-Combustion Technology Dominates Global CCUS Market

The post-combustion segment accounts for the largest market share of Global Carbon Capture, Utilization, and Storage (CCUS) Market by technology. Post-combustion technology is favored for its compatibility with existing power plants and industrial facilities. The technology uses chemical solvents to separate CO2 from flue gases, making it suitable for industries like power generation and cement production. Advancements in solvent technologies have improved their efficiency and cost-effectiveness, making it crucial for achieving global carbon reduction goals.

Impact of Escalating Geopolitical Tensions on Global Carbon Capture, Utilization, and Storage (CCUS) Market

Escalating geopolitical tensions could disrupt the growth of Global Carbon Capture, Utilization, and Storage (CCUS) Market by affecting supply chains, inflating costs, and delaying project timelines. Energy security concerns could shift priorities towards fossil fuels, while tensions could accelerate government policies to mitigate climate risks and reduce reliance on imported energy.

Competitive Landscape

Global Carbon Capture, Utilization, and Storage (CCUS) Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Aker Carbon Capture, Honeywell International, Carbon Clean, C-capture Ltd, CarbonFree, Carbon8 Systems, Chart Industries, Capsol Technologies AS, Carbon America, Occidental Petroleum Corporation, and Exxon Mobil Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Carbon Capture, Utilization, and Storage (CCUS) Market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Carbon Capture, Utilization, and Storage (CCUS) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Carbon Capture, Utilization, and Storage (CCUS) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22391

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Carbon Capture, Utilization, and Storage (CCUS) Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising Investment in Infrastructure
  - 3.2.1.2. Growing Demand for Industrial Processes
  - 3.2.1.3. Rising Corporate Sustainability Initiatives
- 3.2.2. Restraints
  - 3.2.2.1. High Costs
  - 3.2.2.2. Energy Penalty
- 3.2.3. Opportunities
  - 3.2.3.1. Climate Change Mitigation Goals
  - 3.2.3.2. Advancement in technology
- 3.2.4. Challenges
  - 3.2.4.1. Limited Storage Capacity
  - 3.2.4.2. Lack of Standardized Regulations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Carbon Capture, Utilization, and Storage (CCUS) Market: Marketing Strategies

5. Global Carbon Capture, Utilization, and Storage (CCUS) Market: Pricing Analysis

6. Global Carbon Capture, Utilization, and Storage (CCUS) Market: Geographical Analysis

6.1. Global Carbon Capture, Utilization, and Storage (CCUS) Market, Geographical Analysis, 2024
6.2. Global Carbon Capture, Utilization, and Storage (CCUS) Market, Market Attractiveness Analysis, 2024-2031

7. Global Carbon Capture, Utilization, and Storage (CCUS) Market Overview

7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Service
  - 7.2.1.1. Capture
  - 7.2.1.2. Transport
  - 7.2.1.3. Utilization
- 7.2.2. By Technology
  - 7.2.2.1. Pre-Combustion
  - 7.2.2.2. Oxyfuel-Combustion
  - 7.2.2.3. Post-Combustion
- 7.2.3. By Application
  - 7.2.3.1. Oil & Gas
  - 7.2.3.2. Power Generation
  - 7.2.3.3. Chemical & Petrochemical
  - 7.2.3.4. Iron & Steel
  - 7.2.3.5. Others
- 7.2.4. By Region
  - 7.2.4.1. North America
  - 7.2.4.2. Europe
  - 7.2.4.3. Asia Pacific (APAC)
  - 7.2.4.4. Latin America (LATAM)
  - 7.2.4.5. Middle East and Africa (MEA)

8. North America Carbon Capture, Utilization, and Storage (CCUS) Market

8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Service
- 8.2.2. By Technology
- 8.2.3. By Application
- 8.2.4. By Country
  - 8.2.4.1. United States
  - 8.2.4.1.1. By Service
  - 8.2.4.1.2. By Technology
  - 8.2.4.1.3. By Application
  - 8.2.4.2. Canada
  - 8.2.4.2.1. By Service
  - 8.2.4.2.2. By Technology
  - 8.2.4.2.3. By Application

9. Europe Carbon Capture, Utilization, and Storage (CCUS) Market

9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Service
- 9.2.2. By Technology
- 9.2.3. By Application
- 9.2.4. By Country
  - 9.2.4.1. Germany
  - 9.2.4.1.1. By Service
  - 9.2.4.1.2. By Technology
  - 9.2.4.1.3. By Application
  - 9.2.4.2. United Kingdom
  - 9.2.4.2.1. By Service
  - 9.2.4.2.2. By Technology
  - 9.2.4.2.3. By Application
  - 9.2.4.3. Italy
  - 9.2.4.3.1. By Service
  - 9.2.4.3.2. By Technology
  - 9.2.4.3.3. By Application
  - 9.2.4.4. France
  - 9.2.4.4.1. By Service
  - 9.2.4.4.2. By Technology
  - 9.2.4.4.3. By Application
  - 9.2.4.5. Spain
  - 9.2.4.5.1. By Service
  - 9.2.4.5.2. By Technology
  - 9.2.4.5.3. By Application
  - 9.2.4.6. Belgium
  - 9.2.4.6.1. By Service
  - 9.2.4.6.2. By Technology
  - 9.2.4.6.3. By Application
  - 9.2.4.7. Russia
  - 9.2.4.7.1. By Service
  - 9.2.4.7.2. By Technology
  - 9.2.4.7.3. By Application
  - 9.2.4.8. The Netherlands
  - 9.2.4.8.1. By Service
  - 9.2.4.8.2. By Technology
  - 9.2.4.8.3. By Application
  - 9.2.4.9. Rest of Europe
  - 9.2.4.9.1. By Service
  - 9.2.4.9.2. By Technology
  - 9.2.4.9.3. By Application

10. Asia Pacific Carbon Capture, Utilization, and Storage (CCUS) Market

10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
- 10.2.1. By Service
- 10.2.2. By Technology
- 10.2.3. By Application
- 10.2.4. By Country
  - 10.2.4.1. China
  - 10.2.4.1.1. By Service
  - 10.2.4.1.2. By Technology
  - 10.2.4.1.3. By Application
  - 10.2.4.2. India
  - 10.2.4.2.1. By Service
  - 10.2.4.2.2. By Technology
  - 10.2.4.2.3. By Application
  - 10.2.4.3. Japan
  - 10.2.4.3.1. By Service
  - 10.2.4.3.2. By Technology
  - 10.2.4.3.3. By Application
  - 10.2.4.4. South Korea
  - 10.2.4.4.1. By Service
  - 10.2.4.4.2. By Technology
  - 10.2.4.4.3. By Application
  - 10.2.4.5. Australia & New Zealand
  - 10.2.4.5.1. By Service
  - 10.2.4.5.2. By Technology
  - 10.2.4.5.3. By Application
  - 10.2.4.6. Indonesia
  - 10.2.4.6.1. By Service
  - 10.2.4.6.2. By Technology
  - 10.2.4.6.3. By Application
  - 10.2.4.7. Malaysia
  - 10.2.4.7.1. By Service
  - 10.2.4.7.2. By Technology
  - 10.2.4.7.3. By Application
  - 10.2.4.8. Singapore
  - 10.2.4.8.1. By Service
  - 10.2.4.8.2. By Technology
  - 10.2.4.8.3. By Application
  - 10.2.4.9. Vietnam
  - 10.2.4.9.1. By Service
  - 10.2.4.9.2. By Technology
  - 10.2.4.9.3. By Application
  - 10.2.4.10. Rest of APAC
  - 10.2.4.10.1. By Service
  - 10.2.4.10.2. By Technology
  - 10.2.4.10.3. By Application

11. Latin America Carbon Capture, Utilization, and Storage (CCUS) Market

11.1. Market Size & Forecast, 2019-2031
- 11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
- 11.2.1. By Service
- 11.2.2. By Technology
- 11.2.3. By Application
- 11.2.4. By Country
  - 11.2.4.1. Brazil
  - 11.2.4.1.1. By Service
  - 11.2.4.1.2. By Technology
  - 11.2.4.1.3. By Application
  - 11.2.4.2. Mexico
  - 11.2.4.2.1. By Service
  - 11.2.4.2.2. By Technology
  - 11.2.4.2.3. By Application
  - 11.2.4.3. Argentina
  - 11.2.4.3.1. By Service
  - 11.2.4.3.2. By Technology
  - 11.2.4.3.3. By Application
  - 11.2.4.4. Peru
  - 11.2.4.4.1. By Service
  - 11.2.4.4.2. By Technology
  - 11.2.4.4.3. By Application
  - 11.2.4.5. Rest of LATAM
  - 11.2.4.5.1. By Service
  - 11.2.4.5.2. By Technology
  - 11.2.4.5.3. By Application

12. Middle East & Africa Carbon Capture, Utilization, and Storage (CCUS) Market

12.1. Market Size & Forecast, 2019-2031
- 12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
- 12.2.1. By Service
- 12.2.2. By Technology
- 12.2.3. By Application
- 12.2.4. By Country
  - 12.2.4.1. Saudi Arabia
  - 12.2.4.1.1. By Service
  - 12.2.4.1.2. By Technology
  - 12.2.4.1.3. By Application
  - 12.2.4.2. UAE
  - 12.2.4.2.1. By Service
  - 12.2.4.2.2. By Technology
  - 12.2.4.2.3. By Application
  - 12.2.4.3. Qatar
  - 12.2.4.3.1. By Service
  - 12.2.4.3.2. By Technology
  - 12.2.4.3.3. By Application
  - 12.2.4.4. Kuwait
  - 12.2.4.4.1. By Service
  - 12.2.4.4.2. By Technology
  - 12.2.4.4.3. By Application
  - 12.2.4.5. South Africa
  - 12.2.4.5.1. By Service
  - 12.2.4.5.2. By Technology
  - 12.2.4.5.3. By Application
  - 12.2.4.6. Nigeria
  - 12.2.4.6.1. By Service
  - 12.2.4.6.2. By Technology
  - 12.2.4.6.3. By Application
  - 12.2.4.7. Algeria
  - 12.2.4.7.1. By Service
  - 12.2.4.7.2. By Technology
  - 12.2.4.7.3. By Application
  - 12.2.4.8. Rest of MEA
  - 12.2.4.8.1. By Service
  - 12.2.4.8.2. By Technology
  - 12.2.4.8.3. By Application

13. Competitive Landscape

13.1. List of Key Players and Their Offerings
13.2. Global Carbon Capture, Utilization, and Storage (CCUS) Company Market Share Analysis, 2024
13.3. Competitive Benchmarking, By Operating Parameters
13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

14. Global Carbon Capture, Utilization, and Storage (CCUS) Market: Import & Export

15. Impact of Escalating Geopolitical Tensions on Global Carbon Capture, Utilization, and Storage (CCUS) Market

16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

16.1. Aker Carbon Capture
16.2. Honeywell International
16.3. Carbon Clean
16.4. C-capture Ltd
16.5. CarbonFree
16.6. Carbon8 Systems
16.7. Chart Industries
16.8. Capsol Technologies AS
16.9. Carbon America
16.10. Occidental Petroleum Corporation
16.11. Exxon Mobil Corporation
16.12. Other Prominent Players

17. Key Strategic Recommendations

18. Research Methodology

18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable