Visiongain has published a new report entitled Carbon Capture Utilisation and Storage (CCUS) Market Report 2025-2035: The global carbon capture utilisation and storage market is estimated at US$5,423.7 million in 2025 and is projected to grow at a CAGR of 20.7% during the forecast period 2025-2035.

Technological Advancements and Cost Reductions

Innovation in capture technologies, transport infrastructure, and storage solutions has significantly enhanced the efficiency and reduced the cost of CCUS deployment. Modularisation, use of renewable energy for capture processes, and advancements in CO₂conversion for utilisation are making the technology more commercially viable.

Carbon Clean, a UK-based technology firm, has developed modular carbon capture units (CycloneCC) which are compact and cost-effective, making them ideal for small- and mid-scale emitters. Additionally, Climeworks and Carbon Engineering are leading in direct air capture (DAC) technologies, which are expected to play a vital role in removing legacy emissions from the atmosphere.

Regulatory and Legal Uncertainty

The lack of uniform regulatory frameworks, particularly across international borders, poses a considerable barrier to the expansion of CCUS. Unclear legal definitions around CO₂ ownership, liability for long-term storage, and permitting delays create risk for project developers and investors. Cross-border transport and storage—critical for countries without geological storage capacity—remain legally complex.

For example, while the European Union has the London Protocol Amendment to allow cross-border CO₂ transport, not all countries have ratified it, delaying initiatives like Northern Lights from reaching full operational potential. Moreover, developing nations often lack specific regulations or experienced environmental agencies capable of reviewing and approving CCUS projects efficiently.

What are the Current Market Drivers?

Decarbonisation of Hard-to-Abate Industries

Industries such as cement, steel, fertilisers, and petrochemicals are termed “hard-to-abate” due to their process-related emissions that cannot be eliminated by renewable energy alone. CCUS provides a technologically viable solution for capturing emissions directly from production processes, enabling these sectors to continue operations while aligning with decarbonisation targets.

For example, Heidelberg Materials (formerly HeidelbergCement) is advancing the world’s first full-scale carbon capture plant at its Brevik cement facility in Norway. Similarly, ArcelorMittal, a global steel manufacturer, has partnered with LanzaTech to convert captured CO₂ into valuable fuels and chemicals.

Emerging Revenue Streams from CO₂ Utilisation

Beyond storage, the ability to monetise captured CO₂ is opening new revenue streams and commercial opportunities. Utilisation pathways include producing synthetic fuels, carbonated beverages, building materials, and advanced chemicals, which can offset capture costs and improve the economic case for CCUS adoption.

For instance, CarbonCure Technologies is injecting captured CO₂ into concrete production, which not only sequesters carbon but also improves material strength. Twelve, a U.S.-based company, is transforming captured CO₂ into synthetic aviation fuels, attracting partnerships with firms like Microsoft and Alaska Airlines. These developments are encouraging more companies to view CCUS as a value-generating tool, not just an environmental compliance cost.

Where are the Market Opportunities?

Commercialisation of CO₂-to-Product Technologies

Innovative technologies that convert captured CO₂ into valuable products—such as fuels, chemicals, plastics, and construction materials—offer a scalable opportunity for carbon-to-value markets. These solutions transform emissions into economic resources, making CCUS more appealing for both emitters and investors.

Carbon Clean, Blue Planet, and CarbonCure Technologies are examples of firms developing commercially viable CO₂ utilisation methods. These products not only offset operational costs but also create new low-carbon product markets, particularly in green construction, aviation fuels, and speciality chemicals.

Development of CO₂ Transport Infrastructure and Pipelines

The emergence of large-scale CO₂ pipeline networks and shipping solutions offers opportunities for companies involved in pipeline construction, compression technologies, and maritime logistics. These infrastructures are vital for connecting dispersed CO₂ sources to centralised storage or utilisation hubs.

In the United States, the Midwest Carbon Express and Navigator CO₂ Ventures’ Heartland Greenway pipeline projects aim to transport captured CO₂ across multiple states to permanent storage locations. Meanwhile, Northern Lights, a joint venture between Equinor, Shell, and TotalEnergies, is pioneering CO₂ shipping from across Europe to offshore Norway storage sites, creating a scalable cross-border model.

Competitive Landscape

The major players operating in the carbon capture utilisation and storage market are Aker Solutions ASA, Equinor ASA, Exxon Mobil Corporation, Fluor Corporation, General Electric Company, Haliburton Corporation, Hitachi, Ltd, Honeywell International Inc, JGC Holdings Corporation, Linde Plc, Mitsubishi Heavy Industries, Ltd, Royal Dutch Shell Plc, Schlumberger Limited, Siemens AG, Total Energies SE. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Recent Developments

• 27-Jan-25, Aker Solutions and SLB Capturi won a contract for a carbon capture and storage plant at Hafslund Celsio’s waste-to-energy site in Oslo, Norway. The project includes a CO2 storage and loading system at Oslo harbour.
• 10-Dec-24, Equinor and partners took a final investment decision (FID) to execute two CCS projects in Teesside under the Northern Endurance Partnership (NEP) and NZT Power.
• 04-Dec-24, Aramco partners with Carbon Clean and Samsung E&A to deploy CycloneCC technology for CO2 capture from natural gas turbine exhaust. CycloneCC reduces total installed cost by up to 50%.

Contents included in the Study

This study evaluates the overall global and regional market for Carbon Capture Utilisation and Storage in 2025. It includes a Tariff Impact Study with a framework tool for planning. Get financial analysis of the overall market and different segments including application, component, technology, and end-use industry, and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing carbon capture utilisation and storage market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

Visiongain’s 400-page report provides 118 tables and 200 charts/graphs. Including Forecasts by Application (Chemical & Fuel Production, Building Materials, Enhanced Oil Recovery (EOR)), by Component (Capture, Transportation, Utilisation, Storage), by Technology (Post-Combustion Capture, Pre-Combustion Capture, Oxy-Fuel Combustion Capture, Direct Air Capture (DAC), Other), by End-use Industry (Oil & Gas, Power Generation, Chemicals & Petrochemicals, Cement, Iron & Steel, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies.

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to contactus@visiongain.com or call +44 207 336 6100.

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