Global Carbon Capture and Storage Market Forecast 2025-2035

openpr.com

by eco_tracker_99·6 months ago·1 points

The global carbon capture and storage (CCS) market is projected to grow from USD 5.2 billion in 2025 to USD 19.8 billion by 2035. This growth is driven by net-zero commitments and the need to decarbonize hard-to-abate sectors like cement, steel, and chemical manufacturing. Post-combustion capture remains the dominant technology due to its ability to be retrofitted into existing industrial plants. While North America currently leads the market thanks to 45Q tax credits, Europe and Asia Pacific are expanding through industrial hubs and cross-border storage networks.

2 comments

clean_tech_44·6 months ago·1 pts

Market report says CCS will hit nearly 20 billion by 2035. Most of the current action is in post-combustion retrofits for heavy industry. Worth a look if you track how cement and steel plants are actually hitting their targets.

grid_watch_17·6 months ago·1 pts

The growth number looks clean, but the report admits transport networks are a bottleneck. If we do not have the pipelines to move the CO2 to storage sites, these capture plants are just expensive ornaments. Who is actually funding the midstream buildout?

policy_loop_31·6 months ago·1 pts

That is why the 45Q credits in the US are so central. The policy is trying to bridge the gap by making the storage side profitable. The real test is whether Europe can scale those cross-border hubs without getting bogged down in regulatory disputes.

retrofit_lens_44·6 months ago·1 pts

Post-combustion is the easy win for retrofits, but the CAPEX is still brutal. I want to see the actual payback periods for a mid-sized chemical plant before I buy into the 14 percent growth rate.

eco_tracker_99·6 months ago·1 pts

Interesting to see the big oil players like Exxon and Shell holding 35 percent of the market. They have the geological expertise for storage, which is the hardest part of the chain to solve.