Carbon Capture Storage Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Technology, By Services By End-user Industry, By Region & Competition, 2021-2031F

Description

The Global Carbon Capture Storage Market will grow from USD 4.89 Billion in 2025 to USD 7.29 Billion by 2031 at a 6.88% CAGR. Carbon capture and storage (CCS) encompasses the technological processes designed to intercept carbon dioxide emissions from large industrial and energy-related sources, transport the gas, and permanently sequester it within deep geological formations.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 4.89 Billion
Market Size 2031	USD 7.29 Billion
CAGR 2026-2031	6.88%
Fastest Growing Segment	Post-combustion Capture
Largest Market	North America

Key Market Drivers

The expansion of Government Tax Credits and Financial Incentive Schemes acts as the primary catalyst for market acceleration by directly addressing the high capital costs of capture technologies. As public funding de-risks commercial projects, major economies are solidifying infrastructure commitments.

Key Market Challenges

The substantial upfront capital expenditure required for capture facilities and transport infrastructure serves as a primary financial barrier to the market's commercial expansion. Developing these large-scale industrial projects demands immense initial funding, often rendering the economic model unviable for companies operating with tight profit margins. This high cost of entry creates a significant risk profile for investors, leading to hesitation in committing the necessary funds for construction.

Key Market Trends

The Emergence of Shared Industrial CCS Hubs and Clusters represents a fundamental structural shift from standalone projects to multi-user infrastructure, significantly improving the economic viability of carbon management. By aggregating emissions from various industrial sources into shared transport and storage networks, these hubs reduce unit costs through economies of scale and de-risk decarbonization for smaller emitters. This consolidated approach is rapidly advancing, with major capacity expansions already underway to accommodate third-party volumes.

Key Market Players

ExxonMobil Corporation
Royal Dutch Shell plc
Chevron Corporation
BP p.l.c.
TotalEnergies SE
Equinor ASA
Occidental Petroleum Corporation
China Petroleum & Chemical Corporation
Adani Enterprises Limited
NRG Energy, Inc.

Report Scope:

In this report, the Global Carbon Capture Storage Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Carbon Capture Storage Market, By Technology:

Pre-combustion Capture
Oxy-fuel Combustion Capture
Post-combustion Capture

Carbon Capture Storage Market, By Services:

Carbon Capture Services
Carbon Storage Services
Carbon Capture Transportation Services
Others

Carbon Capture Storage Market, By End-user Industry:

Oil and Gas
Coal and Biomass Power Plant
Iron and Steel
Chemical

Carbon Capture Storage Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Carbon Capture Storage Market.

Available Customizations:

Global Carbon Capture Storage Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Carbon Capture Storage Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Technology (Pre-combustion Capture, Oxy-fuel Combustion Capture, Post-combustion Capture)
- 5.2.2. By Services (Carbon Capture Services, Carbon Storage Services, Carbon Capture Transportation Services, Others)
- 5.2.3. By End-user Industry (Oil and Gas, Coal and Biomass Power Plant, Iron and Steel, Chemical)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Carbon Capture Storage Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Services
- 6.2.3. By End-user Industry
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Carbon Capture Storage Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Technology
    - 6.3.1.2.2. By Services
    - 6.3.1.2.3. By End-user Industry
- 6.3.2. Canada Carbon Capture Storage Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Technology
    - 6.3.2.2.2. By Services
    - 6.3.2.2.3. By End-user Industry
- 6.3.3. Mexico Carbon Capture Storage Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Technology
    - 6.3.3.2.2. By Services
    - 6.3.3.2.3. By End-user Industry

7. Europe Carbon Capture Storage Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Services
- 7.2.3. By End-user Industry
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Carbon Capture Storage Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Technology
    - 7.3.1.2.2. By Services
    - 7.3.1.2.3. By End-user Industry
- 7.3.2. France Carbon Capture Storage Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Technology
    - 7.3.2.2.2. By Services
    - 7.3.2.2.3. By End-user Industry
- 7.3.3. United Kingdom Carbon Capture Storage Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Technology
    - 7.3.3.2.2. By Services
    - 7.3.3.2.3. By End-user Industry
- 7.3.4. Italy Carbon Capture Storage Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Technology
    - 7.3.4.2.2. By Services
    - 7.3.4.2.3. By End-user Industry
- 7.3.5. Spain Carbon Capture Storage Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Technology
    - 7.3.5.2.2. By Services
    - 7.3.5.2.3. By End-user Industry

8. Asia Pacific Carbon Capture Storage Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Services
- 8.2.3. By End-user Industry
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Carbon Capture Storage Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Technology
    - 8.3.1.2.2. By Services
    - 8.3.1.2.3. By End-user Industry
- 8.3.2. India Carbon Capture Storage Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Technology
    - 8.3.2.2.2. By Services
    - 8.3.2.2.3. By End-user Industry
- 8.3.3. Japan Carbon Capture Storage Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Technology
    - 8.3.3.2.2. By Services
    - 8.3.3.2.3. By End-user Industry
- 8.3.4. South Korea Carbon Capture Storage Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Technology
    - 8.3.4.2.2. By Services
    - 8.3.4.2.3. By End-user Industry
- 8.3.5. Australia Carbon Capture Storage Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Technology
    - 8.3.5.2.2. By Services
    - 8.3.5.2.3. By End-user Industry

9. Middle East & Africa Carbon Capture Storage Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Services
- 9.2.3. By End-user Industry
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Carbon Capture Storage Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Technology
    - 9.3.1.2.2. By Services
    - 9.3.1.2.3. By End-user Industry
- 9.3.2. UAE Carbon Capture Storage Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Technology
    - 9.3.2.2.2. By Services
    - 9.3.2.2.3. By End-user Industry
- 9.3.3. South Africa Carbon Capture Storage Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Technology
    - 9.3.3.2.2. By Services
    - 9.3.3.2.3. By End-user Industry

10. South America Carbon Capture Storage Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Services
- 10.2.3. By End-user Industry
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Carbon Capture Storage Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Technology
    - 10.3.1.2.2. By Services
    - 10.3.1.2.3. By End-user Industry
- 10.3.2. Colombia Carbon Capture Storage Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Technology
    - 10.3.2.2.2. By Services
    - 10.3.2.2.3. By End-user Industry
- 10.3.3. Argentina Carbon Capture Storage Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Technology
    - 10.3.3.2.2. By Services
    - 10.3.3.2.3. By End-user Industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Carbon Capture Storage Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. ExxonMobil Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Royal Dutch Shell plc
15.3. Chevron Corporation
15.4. BP p.l.c.
15.5. TotalEnergies SE
15.6. Equinor ASA
15.7. Occidental Petroleum Corporation
15.8. China Petroleum & Chemical Corporation
15.9. Adani Enterprises Limited
15.10. NRG Energy, Inc.