Carbon Capture and Storage Market Outlook:
Carbon Capture and Storage Market size was valued at USD 7.85 billion in 2025 and is likely to cross USD 22.69 billion by 2035, expanding at more than 11.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of carbon capture and storage is assessed at USD 8.64 billion.
According to the Global CCS Institute, the 2023 Global Status of CCS Scaling Up Through 2030 report, in July 2023, the total CO2 capture capacity of CCS projects in development, construction and operation was 361 Mtpa, an increase of almost 50% compared to that reported in the 2022 Global Status of CCS report. The IEA, in World Energy Investment 2024 Middle East, stated that the Middle East, which is home to five of the world’s top oil producers, has allocated only 20 cents to clean energy investment for every 1 USD invested in fossil fuels.
With rising environmental concerns and increasing regulatory pressure, CCS has emerged as a crucial solution for mitigating carbon emissions. For instance, in 2024, the European Union allotted nearly USD 1.5 billion to CCUS projects under the Innovation Fund, and more than USD 500 million to CO2 transport and storage projects under its Connecting Europe Facility programme. Similar government funding and initiatives, worldwide, are projected to boost the market growth significantly.
