The global carbon capture utilization and storage market is projected to reach 8.05 billion USD by 2032. Growth is driven by industrial decarbonization in heavy sectors like cement, steel, and chemicals, alongside tightening environmental regulations and the rise of carbon pricing mechanisms. Post-combustion capture remains the dominant technology due to its ability to be retrofitted into existing power plants and refineries. Amine-based absorption systems currently lead the market, though solid sorbents and membrane separation are gaining traction for their energy efficiency.
