The global carbon capture and storage (CCS) market is expanding as heavy industries like cement, steel, and chemicals seek ways to reduce emissions. Market analysis projects a compound annual growth rate of 15.95% through 2033, driven by stricter environmental regulations and the need to decarbonize hard to abate sectors. Investment is increasing in large scale CCS hubs and carbon transportation networks. Growth is supported by government tax credits and the integration of CCS with blue hydrogen production to create low emission fuel infrastructure.
