IMARC Group has recently released a new research study titled “Mexico Carbon Capture and Storage Market Size, Share, Trends and Forecast by Service, Technology, End Use Industry, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico carbon capture and storage market achieved a size of USD 44.55 Million in 2024. Forecasts indicate growth to USD 89.73 Million by 2033, with a CAGR of 8.09% between 2025 and 2033. This expansion is driven by favorable government policies, rising industrial emissions, and technological advancements improving CCS efficiency. The growing emphasis on sustainable energy under Mexico's Energy Transition Law further supports market growth.

Study Assumption Years

●     Base Year: 2024

●     Historical Years: 2019-2024

●     Forecast Period: 2025-2033

Mexico Carbon Capture and Storage Market Key Takeaways

●     Current Market Size: USD 44.55 Million in 2024

●     CAGR: 8.09% from 2025 to 2033

●     Forecast Period: 2025-2033

●     The Mexican market is bolstered by supportive government regulations encouraging CCS adoption through tax relief, financial incentives, and regulatory frameworks.

●     Industrial emissions, especially from oil and gas, manufacturing, and cement sectors, are rising, prompting greater demand for carbon management solutions.

●     Technological innovations and strategic partnerships enhance CCS efficiency and cost-effectiveness, facilitating broader market penetration.

●     The Energy Transition Law (LTE) mandates at least 35% of electricity from clean sources by 2024, promoting CCS and sustainability.

●     North American collaboration with the U.S. and Canada aims for 50% power generation from low-carbon sources by 2025, fostering CCS deployment.

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Market Growth Factors

The Mexico carbon capture and storage market share continues to expand as supportive government policies encourage carbon reduction initiatives, promote cleaner industrial practices, and accelerate the adoption of CCS technologies across key sectors. Government environmental infrastructure programs promote the following: regulation that supports CCS implementation, financial support, tax incentives, and regulation to attract public and private sector investment in carbon captures and storage projects. Mexico's international commitments on climate, in addition to the new Energy Transition Law (LTE) requiring that at least 35% of clean electricity is included in the country's electricity generation mix, create an enabling policy environment for CCS development in the country in order to support decarbonization of the oil and gas, cement, and power generation sectors.

Growing industrial emissions in Mexico are increasing the need for carbon capture systems. The oil and gas sector, manufacturing, and the cement sector were identified as the main sources of carbon emissions. Due to rapid growth and contribution to total GHG emissions in Mexico, CCS technologies are gaining interest for the Mexican industrial sector to contribute to GHG reduction and mitigation of climate change under international agreements. Industry increasingly knows it contributes greenhouse gas emissions, which incentivizes Mexican industries to consider capturing carbon to reduce emissions targets, helping the CCS market grow in Mexico.

Technology advances to make CCS systems more effective and affordable for Mexico, and both international and national entities cooperate by increasing Mexico's access to advanced CCS technologies throughout the carbon capture, transportation, and storage stages. Businesses can more simply implement these technologies within their climate change ambitions and environmental commitments because they passively can improve and expand reliable and cost-effective CO2 storage, better monitoring, and perform further R&D. That movement brings those technologies closer to commercial reality. The market for these remains buoyant.

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Market Segmentation

Service Insights:

●     Capture: Encompasses technologies and services aimed at capturing CO2 emissions from various sources to prevent atmospheric release.

●     Transportation: Involves the movement of captured CO2 to storage sites through pipelines or other means ensuring safe and efficient delivery.

●     Storage: Covers the techniques and facilities for securely storing carbon dioxide underground to prevent environmental impact.

Technology Insights:

●     Post-combustion Capture: Techniques that capture CO2 from flue gases after fossil fuel combustion.

●     Pre-combustion Capture: Capture of CO2 before fuel combustion, typically during fuel processing.

●     Oxy-fuel Combustion Capture: Involves burning fuel in oxygen instead of air, producing a concentrated CO2 stream that is easier to capture.

End Use Industry Insights:

●     Oil and Gas: CCS applications targeting carbon emissions within the oil and gas extraction and processing sectors.

●     Coal and Biomass Power Plant: CCS solutions implemented in coal-fired and biomass energy generation facilities.

●     Iron and Steel: Technologies focused on reducing carbon emissions during metal production processes.

●     Chemical: CCS applications in chemical manufacturing industries to mitigate greenhouse gases.

●     Others

Regional Insights

The report categorizes the Mexican CCS market regionally into Northern Mexico, Central Mexico, Southern Mexico, and Others. While dominant regional market specifics such as share or CAGR are not explicitly provided, the segmentation indicates comprehensive coverage of all major Mexican regions, underlying the nationwide deployment of CCS technologies.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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