As the urgency to combat climate change intensifies, carbon capture, utilization, and storage (CCUS) technologies are becoming central to global decarbonization strategies. CCUS systems capture carbon dioxide (CO₂) emissions from industrial and energy-related sources, preventing them from entering the atmosphere. The captured CO₂ is either stored underground in geological formations or reused in applications such as enhanced oil recovery, chemicals, and building materials. 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 Carbon Capture, Utilization, and Storage Market is set to grow significantly, driven by net-zero commitments, government funding, and rising demand for cleaner industrial processes.

Key Market Drivers

• Net-zero targets – Nations and corporations are investing in CCUS to meet climate goals.
• Government incentives – Tax credits, grants, and policy support are accelerating project deployment.
• Industrial decarbonization – Hard-to-abate sectors like cement, steel, and petrochemicals depend on CCUS for emission reduction.
• Oil & gas integration – CO₂ utilization in enhanced oil recovery boosts adoption.
• Technological advances – Innovations in capture materials and cost-effective storage solutions improve scalability.

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Regional Insights

• North America leads the market, with the U.S. spearheading CCUS projects through strong policy support and oil & gas integration.
• Europe follows, underpinned by the EU’s climate neutrality goals and large-scale CCUS hubs.
• Asia-Pacific is emerging rapidly, with China and Australia investing in carbon storage and utilization initiatives.

Outlook

Stratview Research highlights that the future of the CCUS market lies in scaling cost-efficient solutions, expanding utilization pathways, and building regional CO₂ transport and storage infrastructure. As climate policies tighten and industries push for sustainability, CCUS will be a cornerstone technology in achieving global carbon neutrality.

In short, the CCUS market is not just about capturing emissions — it is about transforming carbon into a resource and building a sustainable low-carbon future.