Global carbon capture and storage market size 2021-2031, by technology

The global carbon capture and storage (CCS) market size was valued at 2.4 billion U.S. dollars in 2023. Pre-combustion capture accounted for approximately 67 percent of the market size that year, at 1.59 billion U.S. dollars. The market size for pre-combustion capture is projected to register a CAGR of 12.4 percent between 2024 and 2031 to reach a value of four billion U.S. dollars. Unlike post-combustion capture, which involves capturing carbon dioxide (CO₂) from flue gas streams after the combustion process, pre-combustion refers to removing CO₂ from fossil fuels before combustion is completed. CCUS is seen as a key technology to reduce global emissions and mitigate climate change over the coming decades.

More information on the global carbon capture and storage market can be found here.