Carbon Capture and Storage (CCS) Market is projected to reach USD 6.16 billion by 2027


• Carbon Capture and Storage (CCS) Market was valued at USD 3.62 billion in 2020 and is projected to reach USD 6.16 billion by 2027, growing at a CAGR of ~8%.

• North America has the largest CCS market owing to the presence of multiple large-scale CCS facilities in the US and Canada (38 Large CCS facility projects)

• CO2 emissions worldwide is 36.44bn Mt, CO2 Capture capacity worldwide is 38.5m mt and number of Operational CCS facilities are 28.

• Europe is fastest growing market owing to the upcoming Carbon capture and storage projects in UK and Netherlands.

• The current line-up of carbon capture and sequestration projects in APAC is expected to create an immense opportunity for the companies operating in the CCS ecosystem

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