According to the latest report, the Carbon Capture, Utilization, and Storage (CCUS) Market is projected to surge from USD 3.1 billion in 2023 to USD 12.9 billion by 2030, at a compound annual growth rate (CAGR) of 24.0%. This strong growth is fueled by government policies targeting net-zero emissions, increased climate-conscious investment, and technology advancements.
The oil & gas sector currently leads in adoption, leveraging CCUS technologies at large-scale facilities like the Century Plant (USA), Uthmaniyah (Saudi Arabia), and Santos Basin (Brazil) to reduce emissions. Meanwhile, Asia Pacific emerges as the fastest-growing regional market, driven by strong regulatory backing in countries such as China and Australia, and increasing integration with green hydrogen projects.
Emerging technologies—such as chemical looping, membrane separation, and advanced solvent-based capture systems—are helping bring down CO₂ capture costs. Investments by key players like Shell, Mitsubishi Heavy Industries, ExxonMobil, and Linde Plc are accelerating innovation, especially toward sub-$30/ton CO₂ capture targets.
The report also highlights that R&D momentum, capital funding, and public-private partnerships will remain critical to scaling CCUS deployment globally.