As global industries strive to achieve carbon neutrality, Carbon Capture, Utilization, and Storage (CCUS) technologies have emerged as vital enablers in the energy transition. By capturing carbon dioxide (CO₂) emissions from industrial and power generation sources and either storing it underground or reusing it in products such as fuels, chemicals, and building materials, CCUS plays a crucial role in reducing greenhouse gas emissions and supporting sustainable industrial growth. According to Stratview Research, the Carbon capture, utilization, and storage market size was USD 4.1 billion in 2024 and is expected to grow from USD 5.1 billion in 2025 to USD 21.5 billion in 2032, witnessing a market growth (CAGR) of 22.9% during the forecast period of 2025-2032.

The CCUS Market is set for rapid expansion, driven by net-zero initiatives, growing investments in low-carbon technologies, and government-backed decarbonization programs.

Key Market Drivers

• Net-zero targets – Governments and corporations are adopting CCUS to achieve 2050 emission reduction goals.
• Industrial decarbonization – CCUS enables emission mitigation in hard-to-abate sectors like cement, steel, and oil & gas.
• Carbon utilization – Captured CO₂ is increasingly being used in enhanced oil recovery (EOR), fuels, and polymers.
• Technological advancements – Improved capture materials and modular plant designs enhance scalability.
• Policy support – Tax credits and incentives are driving investment in large-scale CCUS infrastructure.

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Regional Insights

• North America leads the market with strong U.S. investments under the Inflation Reduction Act and Department of Energy initiatives.
• Europe follows closely, supported by the EU Green Deal and projects like Norway’s Longship and the UK’s Net Zero Teesside.
• Asia-Pacific is emerging as a key player, with China, Australia, and Japan investing in CCUS for industrial and energy applications.

Outlook

Stratview Research highlights that the future of the CCUS market lies in integrating carbon capture with renewable hydrogen, bioenergy, and direct air capture technologies. As global climate goals tighten, CCUS will transition from a niche technology to a mainstream decarbonization solution, underpinning sustainable industrial transformation.

In essence, the CCUS market is not just about capturing emissions — it is about redefining carbon as a resource and accelerating the journey toward a net-zero future.