Global Leading Market Research Publisher QYResearch announces the release of its latest report “Carbon Capture Usage and Storage (CCUS) Technology – 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) Technology market, including market size, share, demand, industry development status, and forecasts for the next few years.
For heavy industries (cement, steel, chemicals) and power generators, the core challenge is reducing CO₂ emissions where electrification and renewables cannot reach. CCUS captures CO₂ from industrial sources or directly from air, then utilizes 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 Direct Air Capture (DAC) and point-source CCS, transforming CO₂ from waste to resource for industrial decarbonization and Enhanced Oil Recovery.
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1. Market Overview & Policy Momentum
CCUS development has gained significant momentum driven by strengthened climate targets and subsequent increased policy support globally. In 2022, 61 new CCUS facilities were added to the project pipeline, bringing global total to 30 operational, 11 under construction, and 153 in development.
Regional leadership:
- US: More CCUS projects than any other country. Landmark Inflation Reduction Act (2022) expected to drive further deployment through Section 45Q tax credits (US85/tonforgeologicstorage,US85/tonforgeologicstorage,US 60/ton for utilization). Q1 2026 update: 45Q credit claimed by 35+ new projects, with pipeline exceeding 130 facilities.
- Europe: UK, Netherlands, Norway developing CCUS in regional industrial clusters, where multiple emitters benefit economically from shared transportation and storage infrastructure. EU Net-Zero Industry Act (2025) sets 50Mt/year CO₂ injection capacity target by 2030.
- Asia-Pacific: China, Japan, South Korea accelerating CCUS pilots. China’s 14th Five-Year Plan includes CCUS for coal power and cement.
Industry-exclusive observation (Q1 2026): DAC capacity under construction reached 1.2Mt/year (from 0.01Mt in 2022). Occidental’s Stratos project (Texas, 0.5Mt/year) nearing completion. Climeworks Mammoth (Iceland, 0.036Mt/year) operational.
2. Technology Segmentation
Carbon Capture and Storage (CCS) – largest share (60-65%): Capture from point sources (power plants, cement kilns, steel mills, refineries), transport (pipeline/ship), and permanent geologic storage (depleted oil/gas reservoirs, saline aquifers). Capture methods: post-combustion (amine scrubbing), pre-combustion, oxyfuel. Maturity: commercial at 1Mt/year+ scale. Capture cost: US40−80/ton(industrial)toUS40−80/ton(industrial)toUS 100-200/ton (power).
Carbon Capture and Utilization (CCU) – growing segment (20-25%): Captured CO₂ used for Enhanced Oil Recovery (EOR, commercial, 70-80% utilization currently), chemical production (methanol, urea, polymers), building materials (concrete curing), food/beverage. Utilization avoids storage requirement but typically CO₂ re-emitted unless permanent.
User case (EOR): Occidental Petroleum’s Permian Basin operations inject captured CO₂ (from industrial sources and DAC) into mature oil fields, increasing oil recovery by 15-25% while storing CO₂ permanently—revenue from both oil production and 45Q tax credits.
Carbon Capture and Conversion (CCC) – emerging (5-10%): CO₂ electrochemically or thermochemically converted to synthetic fuels (e-methanol, e-kerosene), CO, formic acid. Higher value products but lower energy efficiency. Scaling: Carbon Recycling International (Iceland, 5M liters/year methanol), Twelve (CO₂-to-jet fuel), Infinium.
3. Application Deep Dive
Power Generation (25-30% of projects): Natural gas and coal plants with post-combustion capture. Economic challenges: reduces net plant output by 20-30%, increases LCOE by 50-100%. Policy-dependent. Notable: Petra Nova (Texas, 1.6Mt/year, restarted 2024), Boundary Dam (Canada, 1Mt/year).
Industrial Processes (30-35%, fastest growing): Cement (8% global CO₂, process emissions unavoidable), steel (7%, hydrogen-DRI pathway), chemicals (ammonia, ethylene). Hardest-to-abate sectors—CCUS only viable decarbonization path. User case: HeidelbergCement’s Brevik plant (Norway, 0.4Mt/year, operational 2025)—world’s first cement plant with full-scale CCS.
Enhanced Oil Recovery (EOR) (20-25%): Largest current utilization market. Stored CO₂ qualifies for 45Q, oil production provides revenue. ~80% of captured CO₂ currently used for EOR.
Chemical and Fuel Production (10-12%): CO₂-to-methanol (CRI, Mitsubishi), CO₂-to-ethanol (LanzaTech, using microbes), CO₂-to-jet fuel (Twelve, Infinium, LanzaJet).
Carbon Offsetting (5-8%): DAC + permanent storage for voluntary carbon markets (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,CCSadds30−10040−200/ton).∗∗Forcement/steel,CCSadds30−100 80-100/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 capture cost reductions: 30% by 2030.
Challenge 2: Storage permanence and monitoring. Leakage risk (0.1-1% annually over 1,000 years) undermines climate benefit. Public acceptance for onshore storage.
Recent solution: Advanced seismic monitoring and satellite-based InSAR for deformation detection. EU storage directive requiring 100-year liability transfer to state after closure. Demonstrated 99.99% retention at Sleipner (Norway, 1Mt/year since 1996, 25+ years).
Challenge 3: DAC energy intensity. Climeworks technology requires heat (200-300°C) and electricity, currently 1.5-2.5 GJ/t CO₂ (6-10x point-source CCS energy cost).
Recent solution (March 2026): Low-temperature DAC (ambient temperature chemisorption) from AirCapture and Avnos achieving 1.0-1.5 GJ/t. Projected US200−300/tonby2028(fromUS200−300/tonby2028(fromUS 500-1,000/ton currently).
5. Competitive Landscape
Key Players: Mitsubishi Heavy Industries (capture technology, licensing), Siemens Energy (compression, capture), Aker Solutions (CCS projects), Carbon Clean Solutions (small-scale modular capture), Climeworks (DAC, Iceland, Swiss), Global Thermostat (DAC), Carbon Engineering (DAC, acquired by Occidental), Occidental (DAC + EOR), Occidental Petroleum, Schlumberger (storage, monitoring), Shell (industrial CCS projects), C-Capture (UK-based capture).
Market structure: Fragmented with technology providers, engineering firms, and oil majors. Increasing consolidation (Occidental acquiring Carbon Engineering; Schlumberger expanding storage business).
6. Strategic Outlook
Key predictions 2026-2032:
- Global CCUS capacity grows from 45Mt/year (2025) to 200-250Mt/year by 2030 (IEA Net-Zero scenario requires 1,000Mt+)
- DAC capacity reaches 5-10Mt/year by 2030 (from 0.01Mt in 2022)
- Industrial applications (cement, steel, chemicals) fastest growing (25%+ CAGR)
- Capture costs decline 30-40% through solvent/membrane innovation and learning-by-doing
- 45Q credit (US$ 85/ton storage) sufficient to drive economic CCS for lower-cost industrial sources (ammonia, hydrogen, ethanol) but not yet for power without additional revenue
- EU Carbon Border Adjustment Mechanism (CBAM) imposing carbon cost on imports, incentivizing CCUS adoption outside EU as well
- CO₂ pipeline and ship infrastructure expanding: CO₂ shipping from Northern Europe to Norwegian North Sea storage (Northern Lights project operational 2025)
Goal of CCUS: Reduce greenhouse gas emissions (particularly CO₂) by capturing and storing it before atmosphere entry. Considered critical technology for achieving deep decarbonization and meeting climate mitigation targets. Helps industries transition to lower-carbon operations while maintaining reliable energy supplies and supporting economic growth.
7. Market Segmentation Summary
Segment by Technology Type:
- Carbon Capture and Storage (CCS) – point-source capture + permanent storage (largest share, 60-65%)
- Carbon Capture and Utilization (CCU) – EOR, chemicals, materials (20-25%)
- Carbon Capture and Conversion (CCC) – synthetic fuels, advanced chemicals (5-10%, emerging)
Segment by Application:
- Power Generation (natural gas, coal with CCS)
- Industrial Processes (cement, steel, chemicals, fastest growing)
- Enhanced Oil Recovery (EOR, largest current utilization)
- Chemical and Fuel Production
- Carbon Offsetting (DAC + storage)
- Others
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