Global Leading Market Research Publisher QYResearch announces the release of its latest report “Carbon Capture Usage and Storage (CCUS) System – Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032”. Based on current situation and impact historical analysis (2021-2025) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Carbon Capture Usage and Storage (CCUS) System market, including market size, share, demand, industry development status, and forecasts for the next few years.
For cement plants, steel mills, chemical facilities, and power generators, the core challenge is reducing unavoidable process CO₂ emissions. Cement calcination (60% of emissions) and steelmaking (BF-BOF route) cannot be electrified. Carbon Capture Usage and Storage (CCUS) captures CO₂ from industrial sources, utilizes it for enhanced oil recovery or chemical production, or permanently stores it underground. This report provides a data-driven solution, with 194 total projects globally (30 operational, 11 under construction, 153 in development as of 2022). The critical enablers are 45Q tax credits (US$85/ton storage) and EU CBAM, transforming industrial decarbonization via point-source emissions capture and Direct Air Capture (DAC) .
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1. Market Overview & Policy Momentum
CCUS captures CO₂ from industrial/energy sources, transports (pipeline/ship), and stores in depleted oil/gas reservoirs or saline aquifers (permanent). Goal: reduce greenhouse gas emissions (particularly CO₂) by capturing/storing before atmospheric entry. Considered critical technology for achieving deep decarbonization and meeting climate mitigation targets. CCUS helps industries transition to lower-carbon operations while maintaining reliable energy supplies and supporting economic growth.
Project pipeline growth (2022): 61 new CCUS facilities added globally, bringing total to 30 operational, 11 under construction, 153 in development. US has more CCUS projects than any other country; Inflation Reduction Act (2022) expected to drive further deployment. Europe (UK, Netherlands, Norway) developing CCUS in regional industrial clusters where multiple emitters benefit economically from shared transportation/storage infrastructure.
Industry-exclusive observation (Q1 2026): Global CCUS capacity under development reached 250Mt/year (2025) from 45Mt/year (2022). DAC (direct air capture) capacity under construction: 1.2Mt/year (Occidental’s Stratos 0.5Mt, Climeworks Mammoth 0.036Mt). 45Q credit sufficient for cement (capture cost US40−70/ton)butnotyetforpower(US40−70/ton)butnotyetforpower(US80-150/ton).
2. Technology Segmentation
Carbon Capture and Storage (CCS) – largest share (65-70%):
Capture from point sources: post-combustion (amine scrubbing – most mature, deployable at 1Mt/year+ scale), pre-combustion (gasification + shift reactor – hydrogen + CO₂), oxyfuel (combustion in pure O₂ – flue gas mostly CO₂/H₂O). Capture cost: cement US40−70/ton,steelUS40−70/ton,steelUS50-80/ton, chemicals (ammonia/hydrogen) US25−50/ton,powerUS25−50/ton,powerUS80-150/ton. User case: HeidelbergCement Brevik (Norway, 0.4Mt/year, operational 2025) – world’s first cement plant with full-scale CCS (amine scrubbing, CO₂ shipped to Northern Lights storage).
Carbon Capture and Utilization (CCU) – 25-30% share:
Captured CO₂ used for enhanced oil recovery (EOR – commercial, 70-80% of utilization), chemical production (methanol, urea, polymers, formic acid), building materials (concrete curing, aggregates), food/beverage, synthetic fuels (e-methanol, e-kerosene). User case: Carbon Recycling International (Iceland) George Olah plant (5M litres/year methanol from CO₂ + renewable hydrogen).
3. Application Segmentation
Industrial Facilities (fastest growing, 55-60% of new projects, 18-20% CAGR):
Cement (8% global CO₂, 1,000+ large plants), steel (7% global CO₂, integrated BF-BOF plants), chemicals (ammonia, ethylene, hydrogen), refineries – hardest-to-abate sectors where CCUS is only viable decarbonization path. User case: Northern Lights (Norway, 1.5Mt/year operational 2025) – open-source CO₂ transport/storage service for European industrial emitters (cement, waste-to-energy, ammonia).
Power Plants (30-35% share, 8-10% CAGR):
Natural gas combined cycle (NGCC, 0.5-1.5Mt/year per 500MW) and coal (1-3Mt/year per 500MW). Economic challenges: reduces net plant output by 20-30%, increases LCOE by 50-100%. Requires policy support (45Q, carbon price >US$80-100/ton). User case: Petra Nova (Texas, 1.6Mt/year, restarted 2024) – post-combustion capture from coal plant, CO₂ used for EOR.
Others (5-10%): Direct air capture (DAC) – Climeworks, Carbon Engineering, Global Thermostat. Capture cost US500−1,000/ton(targetingUS500−1,000/ton(targetingUS200-300/ton by 2028). DAC plus storage (DAC+S) for carbon removal credits (Microsoft, Stripe, Shopify purchasers at US$500-1,000/ton).
4. Technical Challenges & Recent Solutions
**Challenge 1: High capture cost (US40−200/ton).∗∗Forcement/steel,CCUSadds30−10040−200/ton).∗∗Forcement/steel,CCUSadds30−10080/ton or 45Q US$85/ton). Recent solution (2025-2026): Next-generation solvents (non-aqueous, lower regeneration energy from 3.5-4.0 GJ/t CO₂ to 2.2-2.8 GJ/t). Membrane and electrochemical separation avoiding thermal regeneration. Projected cost reductions: 30% by 2030.
Challenge 2: Storage permanence and monitoring. Leakage risk (0.1-1% annually) undermines climate benefit. Public acceptance (NIMBY). Recent solution: Advanced seismic monitoring (4D + microseismic) and satellite InSAR. EU storage directive requiring 100-year liability transfer. Demonstrated 99.99% retention at Sleipner (Norway, 1Mt/year since 1996, 25+ years).
Challenge 3: DAC energy intensity. Climeworks requires heat (200-300°C) + electricity – 1.5-2.5 GJ/t CO₂ (6-10× point-source CCS energy penalty). Recent solution (March 2026): Low-temperature DAC (ambient temperature chemisorption – AirCapture, Avnos) achieving 1.0-1.5 GJ/t. Projected US$200-300/ton by 2028.
5. Competitive Landscape
Key Players: Mitsubishi Heavy Industries (capture licensing), Siemens Energy (compression), Shell (Quest Canada), Carbon Engineering (DAC, acquired by Occidental), Climeworks (DAC), Occidental Petroleum/Oxy (DAC+EOR), Aker Solutions (Northern Lights), Carbon Clean Solutions (modular capture), Global Thermostat (DAC), C-Capture (UK solvent), Schlumberger (SLB, storage monitoring), Bechtel (EPC), ION Clean Energy (solvent), Chevron (Gorgon CCS), Svante Technologies (solid sorbent), NET Power (Allam cycle – natural gas + oxycombustion, direct CO₂ working fluid), LanzaTech (biological capture to ethanol).
Market structure: Fragmented with technology providers, engineering firms, oil majors, and startups. Consolidation increasing (Occidental acquiring Carbon Engineering; Schlumberger expanding storage). Project pipelines dominated by Europe (North Sea) and North America (US Gulf Coast 45Q).
6. Strategic Outlook
Key predictions 2026-2032:
- Global CCUS capacity grows from 45Mt/year (2022) to 200-250Mt/year by 2030, 500-800Mt/year by 2035 (IEA Net-Zero requires 1,000Mt+)
- DAC capacity reaches 5-10Mt/year by 2030 (from 0.01Mt in 2022)
- Industrial applications (cement, steel, chemicals) fastest growing (20-25% CAGR)
- Capture costs decline 30-40% through solvent/membrane innovation and learning-by-doing
- 45Q credit (US$85/ton storage) drives US projects; EU CBAM (2026 implementation) incentivizes CCUS
- CO₂ pipeline/ship infrastructure expanding: Northern Lights open-access (1.5Mt/year, 2025), planned 5Mt+
CCUS is considered a critical technology for achieving deep decarbonization and meeting climate change mitigation targets – helping industries transition to lower-carbon operations while maintaining reliable energy supplies and supporting economic growth.
7. Market Segmentation Summary
Segment by Technology:
- Carbon Capture and Storage (CCS) – 65-70% share, point-source capture + permanent storage
- Carbon Capture and Utilization (CCU) – 25-30% share, EOR, chemicals, fuels, materials
Segment by Application:
- Industrial Facilities (cement, steel, chemicals, refineries) – fastest growing, 55-60% of new projects
- Power Plants (natural gas, coal) – 30-35%
- Others (DAC, bioenergy with CCS) – 5-10%
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