Carbon Capture and Sequestration Market By Technology (Post-Combustion Capture, Pre-Combustion Capture, Oxy-Fuel Combustion, Industrial Capture), By End-Use Industry (Oil & Gas, Power Generation, Chemical Manufacturing, Cement Manufacturing, Metal Manufacturing), By Method of Sequestration (Geological Sequestration, Ocean Sequestration, Mineral Sequestration), and By Region; Global Insights & Forecast (2023 – 2030)

As per Intent Market Research, the Carbon Capture and Sequestration Market was valued at USD 0.6 Billion in 2024-e and will surpass USD 1.8 Billion by 2030; growing at a CAGR of 21.6% during 2025-2030.

The Carbon Capture and Sequestration (CCS) market is poised for significant growth as industries and governments look to reduce greenhouse gas emissions and mitigate climate change. CCS technologies capture carbon dioxide (CO2) emissions from industrial processes or power plants, preventing them from entering the atmosphere. These technologies are increasingly critical in achieving global net-zero emission targets. With various technologies available, including post-combustion capture, pre-combustion capture, and oxy-fuel combustion, each sector is exploring optimal solutions for its emission reduction goals. The market is expected to expand rapidly due to escalating environmental regulations, heightened sustainability goals, and the growing focus on achieving climate change mitigation targets.

Post-Combustion Capture Segment is Largest Owing to Its Versatility

Post-combustion capture holds the largest share in the carbon capture market due to its versatility and application across a wide range of industries. This technology captures CO2 from the flue gas emitted after combustion, making it suitable for retrofitting existing power plants and industrial facilities. Post-combustion capture is especially prominent in power generation, where it helps reduce CO2 emissions without requiring significant changes to existing infrastructure. The widespread adoption of post-combustion capture is driven by its ability to integrate with older facilities and provide a cost-effective solution for emission control. Additionally, advancements in solvent-based capture technologies are improving the efficiency of post-combustion systems, further boosting its market dominance.

The growth in post-combustion capture technologies is supported by increasing investments in carbon capture projects by governments and industries. Many regions have introduced regulations and incentives to support the deployment of this technology. Post-combustion capture’s ability to be retrofitted into various industries is expected to fuel its continued leadership in the CCS market, especially in sectors such as power generation, cement manufacturing, and chemical production.

Power Generation Industry is Fastest Growing in Carbon Capture Market

The power generation industry is the fastest-growing segment in the carbon capture market, driven by the increasing demand for sustainable energy and the need to comply with stricter environmental regulations. Power plants are among the largest sources of CO2 emissions, and the shift toward reducing their carbon footprint has intensified the adoption of CCS technologies. Many countries, especially in Europe and North America, have set ambitious targets to decarbonize their energy sectors, making carbon capture a key part of their emission reduction strategies.

This surge in power generation-related carbon capture projects is supported by both governmental policies and private sector initiatives. The power sector is focusing on adopting carbon capture to reduce emissions from coal and natural gas plants while ensuring energy production remains stable. As countries push toward achieving net-zero emissions, the demand for carbon capture solutions in power generation is expected to accelerate, making it the fastest-growing segment in the CCS market.

Geological Sequestration Method is Most Common in CO2 Storage

Geological sequestration is the most commonly used method for CO2 storage, and it is expected to continue leading the sequestration methods segment in the CCS market. This technique involves injecting captured CO2 deep underground into suitable rock formations, such as depleted oil and gas fields or deep saline aquifers. Geological sequestration is favored due to its proven effectiveness and scalability. Many large-scale CCS projects, including those by major oil and gas companies, rely on this method to store CO2 over extended periods, preventing it from re-entering the atmosphere.

The widespread use of geological sequestration is also supported by its ability to handle large volumes of CO2 at relatively low costs compared to other sequestration methods. The infrastructure for geological sequestration is already established in various regions, which further accelerates its adoption. As CO2 capture technologies improve, the ability to safely and efficiently store carbon underground will remain a critical aspect of the CCS market, solidifying geological sequestration’s role in the overall growth of the industry.

North America Leads the Carbon Capture and Sequestration Market

North America is the largest region for the carbon capture and sequestration market, with the United States and Canada driving much of the demand. The U.S. has implemented aggressive climate policies and offers financial incentives for carbon capture technologies, especially in the power generation and industrial sectors. The U.S. government has supported various CCS projects under the Department of Energy’s initiatives, which has led to increased investments in this technology. Furthermore, North American oil and gas companies are adopting carbon capture and storage technologies to reduce emissions and meet sustainability targets, bolstering the market in the region.

In addition to policy support, North America benefits from a well-established infrastructure for geological sequestration, particularly in Texas and Alberta, where numerous CCS projects are operational. As the push for climate change mitigation grows, North America is expected to maintain its leadership in the global CCS market, driving continued investment and innovation in carbon capture technologies.

Leading Companies and Competitive Landscape

The carbon capture and sequestration market is highly competitive, with several leading companies investing in developing and deploying innovative CCS technologies. Prominent players such as ExxonMobil, Shell, BP, and Chevron are at the forefront of carbon capture solutions, investing heavily in both research and development and large-scale deployment. These companies are leveraging their expertise in energy and industrial operations to integrate carbon capture technologies into their portfolios, which positions them as major contributors to the reduction of global CO2 emissions.

The competitive landscape is also marked by a growing number of start-ups and smaller companies focused on carbon capture technology innovation. Companies like Carbon Clean Solutions and Climeworks are focusing on advancing more efficient, cost-effective carbon capture technologies, particularly in post-combustion capture and direct air capture (DAC). Partnerships and collaborations between major industrial players and technology innovators are key strategies in the carbon capture market, as the technology continues to evolve, and its commercial viability strengthens. With increasing pressure to meet sustainability goals, the market will continue to be dynamic, with leading companies working on scaling up their operations globally.

Recent Developments:

• ExxonMobil partnered with the Global CCS Institute to enhance carbon capture technologies aimed at reducing CO2 emissions from major industrial sectors.
• Shell unveiled a series of carbon capture and storage projects in Asia and Europe to address the challenge of reducing industrial CO2 emissions.
• Aker Solutions entered into an agreement with NetZero to supply carbon capture systems for a large-scale CO2 sequestration project aimed at reducing emissions.
• Equinor and BP announced an investment in a large-scale carbon capture and storage project located in the UK, aiming to capture millions of tons of CO2 annually.
• Carbon Clean, a leading provider of carbon capture technology, raised $50 million to expand its operations and scale up its global efforts in CO2 emissions reduction.

List of Leading Companies:

• ExxonMobil
• Shell Global
• BP
• TotalEnergies
• Chevron
• Siemens Energy
• Schlumberger
• Halliburton
• Air Products & Chemicals, Inc.
• Honeywell International Inc.
• Aker Solutions
• Linde plc
• Carbon Clean Solutions
• Equinor
• Climeworks

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