The global carbon capture and storage (CCS) market is projected to grow from USD 3.2 billion in 2025 to USD 6.4 billion by 2034. This expansion is driven by stricter environmental regulations and financial incentives, particularly in the United States and Europe, aimed at decarbonizing hard to abate sectors like cement and steel. While technological advances in post combustion and direct air capture are reducing costs, the industry still faces hurdles. Key challenges include high upfront capital requirements, the need for extensive pipeline infrastructure, and long term storage safety concerns.
