The global carbon capture and sequestration market is projected to grow to 26.32 billion USD by 2035. Growth is driven by the need to decarbonize hard to abate sectors like cement, steel, and chemicals, alongside increasing government tax incentives and corporate net zero commitments. North America currently leads the market, while the Asia Pacific region is seeing the fastest growth. Key industry players including ExxonMobil, Shell, and Chevron are expanding infrastructure for CO2 transport and storage, focusing on both industrial capture and direct air capture technologies.
