The global market for Carbon Capture and Utilisation (CCU) was estimated to be worth US$ 4643 million in 2024 and is forecast to a readjusted size of US$ 7555 million by 2031 with a CAGR of 7.5% during the forecast period 2025-2031.
Carbon Capture and Utilization (CCU) is considered the end-stage application of carbon capture technologies. As the final step in carbon capture processes, CCU utilizes CO2 which captured from Pre-Combustion Carbon Capture, Oxy-Combustion Carbon Capture, Post-Combustion Carbon Capture, and apply it in Oil & Gas, Power Generation, etc. In the energy sector, CO2 is used for Enhanced Oil Recovery (EOR) to increase oil extraction efficiency. In chemicals and fuels, captured CO2 serves as a feedstock for synthetic fuels, methanol, and other industrial chemicals. The construction industry utilizes CO2 in concrete curing and carbonated building materials, enhancing strength while reducing emissions. Such technologies are at different stages of development, and some are already commercially available. CCS (Carbon Capture and Storage) is a technology designed to reduce carbon dioxide (CO2) emissions by capturing CO2 from industrial processes and power plants and piping it to a storage site to be permanently sequestered, thereby preventing it from entering the atmosphere. Whether it is CCS or CCU, the captured CO2 needs to be compressed for transportation and subsequent processing, so CCS, CCU together form CCUS, an integrated technology that reduces greenhouse gas emissions and mitigates the impacts of climate change by capturing carbon dioxide (CO2) generated from industrial and energy production processes and utilizing it or sequestering it. The CCUS technology is not only capable of capture and store CO2 but also be able to convert it into valuable products, thus realizing both environmental and economic benefits. These applications not only mitigate emissions but also create economic value, driving the commercialization of CCU technologies.
The major global companies of Carbon Capture and Utilisation (CCU) include Exxon Mobil, Aker Solutions (SLB), Linde PLC, Mitsubishi Heavy Industries, Ltd., Halliburton, Huaneng, BASF, General Electric, Siemens AG, Honeywell UOP, Sulzer, Equinor, Shell, JX Nippon (ENEOS), Carbonfree, Sinopec, Fluor Corporation. In 2024, the world's top five vendors accounted for approximately 40.73% of the revenue.
The Carbon Capture Utilization (CCU) market has undergone significant evolution in recent years, driven by the increasing global demand for sustainable and innovative solutions to mitigate climate change. Historically, the CCU sector focused primarily on carbon capture technologies, with limited focus on utilizing captured CO2 in productive ways. However, over the past decade, advances in CCU technologies have allowed for not only the capture but also the conversion of CO2 into valuable products, ranging from synthetic fuels to chemicals and building materials. Early market adoption was fueled by government policies, environmental regulations, and the need for heavy industries to comply with emissions reduction targets.
Currently, the CCU market is experiencing rapid growth, with key industries such as Oil and gas, power generation,cement, steel, and energy embracing carbon capture and utilization as essential elements of their sustainability strategies. Innovations in direct air capture (DAC) and bio-based conversion technologies are expanding the potential for CO2 utilization. Furthermore, collaboration between private companies, governments, and research institutions has accelerated the development of commercial-scale CCU facilities, driving cost reductions and efficiency improvements.
Looking forward, the future of the CCU market is poised for substantial transformation. One of the most prominent trends is the continued development of economically viable utilization technologies that convert captured CO2 into high-demand products, including chemicals, fuels, and consumer goods. The integration of renewable energy with carbon capture systems, such as using excess wind or solar power to power carbon capture processes, will also play a crucial role in enhancing the sustainability and cost-effectiveness of CCU technologies. As the global carbon market expands and more governments adopt stringent climate targets, the demand for CCU solutions is expected to rise sharply, with carbon credits and incentives further boosting market dynamics.
This report aims to provide a comprehensive presentation of the global market for Carbon Capture and Utilisation (CCU), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Carbon Capture and Utilisation (CCU) by region & country, by Type, and by Application.
The Carbon Capture and Utilisation (CCU) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Carbon Capture and Utilisation (CCU).
Market Segmentation
By Company
- Exxon Mobil
- Aker Solutions (SLB)
- Mitsubishi
- BASF
- General Electric
- Siemens AG
- Equinor
- Linde PLC
- Huaneng
- Halliburton
- Honeywell UOP
- Sinopec
- Shell
- Sulzer
- JX Nippon (ENEOS)
- Carbonfree
- Fluor Corporation
Segment by Type
- Pre-Combustion Carbon Capture
- Oxy-Combustion Carbon Capture
- Post-Combustion Carbon Capture
Segment by Application
- Oil & Gas
- Power Generation
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Carbon Capture and Utilisation (CCU) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Carbon Capture and Utilisation (CCU) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Carbon Capture and Utilisation (CCU) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Carbon Capture and Utilisation (CCU) Product Introduction
- 1.2 Global Carbon Capture and Utilisation (CCU) Market Size Forecast (2020-2031)
- 1.3 Carbon Capture and Utilisation (CCU) Market Trends & Drivers
- 1.3.1 Carbon Capture and Utilisation (CCU) Industry Trends
- 1.3.2 Carbon Capture and Utilisation (CCU) Market Drivers & Opportunity
- 1.3.3 Carbon Capture and Utilisation (CCU) Market Challenges
- 1.3.4 Carbon Capture and Utilisation (CCU) Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Carbon Capture and Utilisation (CCU) Players Revenue Ranking (2024)
- 2.2 Global Carbon Capture and Utilisation (CCU) Revenue by Company (2020-2025)
- 2.3 Key Companies Carbon Capture and Utilisation (CCU) Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Carbon Capture and Utilisation (CCU) Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Carbon Capture and Utilisation (CCU)
- 2.6 Carbon Capture and Utilisation (CCU) Market Competitive Analysis
- 2.6.1 Carbon Capture and Utilisation (CCU) Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Carbon Capture and Utilisation (CCU) Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Carbon Capture and Utilisation (CCU) as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Pre-Combustion Carbon Capture
- 3.1.2 Oxy-Combustion Carbon Capture
- 3.1.3 Post-Combustion Carbon Capture
- 3.2 Global Carbon Capture and Utilisation (CCU) Sales Value by Type
- 3.2.1 Global Carbon Capture and Utilisation (CCU) Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Carbon Capture and Utilisation (CCU) Sales Value, by Type (2020-2031)
- 3.2.3 Global Carbon Capture and Utilisation (CCU) Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Oil & Gas
- 4.1.2 Power Generation
- 4.1.3 Others
- 4.2 Global Carbon Capture and Utilisation (CCU) Sales Value by Application
- 4.2.1 Global Carbon Capture and Utilisation (CCU) Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Carbon Capture and Utilisation (CCU) Sales Value, by Application (2020-2031)
- 4.2.3 Global Carbon Capture and Utilisation (CCU) Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Carbon Capture and Utilisation (CCU) Sales Value by Region
- 5.1.1 Global Carbon Capture and Utilisation (CCU) Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Carbon Capture and Utilisation (CCU) Sales Value by Region (2020-2025)
- 5.1.3 Global Carbon Capture and Utilisation (CCU) Sales Value by Region (2026-2031)
- 5.1.4 Global Carbon Capture and Utilisation (CCU) Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 5.2.2 North America Carbon Capture and Utilisation (CCU) Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 5.3.2 Europe Carbon Capture and Utilisation (CCU) Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 5.4.2 Asia Pacific Carbon Capture and Utilisation (CCU) Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 5.5.2 South America Carbon Capture and Utilisation (CCU) Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Carbon Capture and Utilisation (CCU) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Carbon Capture and Utilisation (CCU) Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.3.2 United States Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.4.2 Europe Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.5.2 China Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.6.2 Japan Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.7.2 South Korea Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.8.2 Southeast Asia Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Carbon Capture and Utilisation (CCU) Sales Value, 2020-2031
- 6.9.2 India Carbon Capture and Utilisation (CCU) Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Carbon Capture and Utilisation (CCU) Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Exxon Mobil
- 7.1.1 Exxon Mobil Profile
- 7.1.2 Exxon Mobil Main Business
- 7.1.3 Exxon Mobil Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.1.4 Exxon Mobil Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.1.5 Exxon Mobil Recent Developments
- 7.2 Aker Solutions (SLB)
- 7.2.1 Aker Solutions (SLB) Profile
- 7.2.2 Aker Solutions (SLB) Main Business
- 7.2.3 Aker Solutions (SLB) Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.2.4 Aker Solutions (SLB) Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.2.5 Aker Solutions (SLB) Recent Developments
- 7.3 Mitsubishi
- 7.3.1 Mitsubishi Profile
- 7.3.2 Mitsubishi Main Business
- 7.3.3 Mitsubishi Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.3.4 Mitsubishi Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.3.5 Mitsubishi Recent Developments
- 7.4 BASF
- 7.4.1 BASF Profile
- 7.4.2 BASF Main Business
- 7.4.3 BASF Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.4.4 BASF Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.4.5 BASF Recent Developments
- 7.5 General Electric
- 7.5.1 General Electric Profile
- 7.5.2 General Electric Main Business
- 7.5.3 General Electric Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.5.4 General Electric Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.5.5 General Electric Recent Developments
- 7.6 Siemens AG
- 7.6.1 Siemens AG Profile
- 7.6.2 Siemens AG Main Business
- 7.6.3 Siemens AG Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.6.4 Siemens AG Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.6.5 Siemens AG Recent Developments
- 7.7 Equinor
- 7.7.1 Equinor Profile
- 7.7.2 Equinor Main Business
- 7.7.3 Equinor Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.7.4 Equinor Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.7.5 Equinor Recent Developments
- 7.8 Linde PLC
- 7.8.1 Linde PLC Profile
- 7.8.2 Linde PLC Main Business
- 7.8.3 Linde PLC Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.8.4 Linde PLC Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.8.5 Linde PLC Recent Developments
- 7.9 Huaneng
- 7.9.1 Huaneng Profile
- 7.9.2 Huaneng Main Business
- 7.9.3 Huaneng Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.9.4 Huaneng Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.9.5 Huaneng Recent Developments
- 7.10 Halliburton
- 7.10.1 Halliburton Profile
- 7.10.2 Halliburton Main Business
- 7.10.3 Halliburton Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.10.4 Halliburton Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.10.5 Halliburton Recent Developments
- 7.11 Honeywell UOP
- 7.11.1 Honeywell UOP Profile
- 7.11.2 Honeywell UOP Main Business
- 7.11.3 Honeywell UOP Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.11.4 Honeywell UOP Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.11.5 Honeywell UOP Recent Developments
- 7.12 Sinopec
- 7.12.1 Sinopec Profile
- 7.12.2 Sinopec Main Business
- 7.12.3 Sinopec Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.12.4 Sinopec Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.12.5 Sinopec Recent Developments
- 7.13 Shell
- 7.13.1 Shell Profile
- 7.13.2 Shell Main Business
- 7.13.3 Shell Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.13.4 Shell Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.13.5 Shell Recent Developments
- 7.14 Sulzer
- 7.14.1 Sulzer Profile
- 7.14.2 Sulzer Main Business
- 7.14.3 Sulzer Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.14.4 Sulzer Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.14.5 Sulzer Recent Developments
- 7.15 JX Nippon (ENEOS)
- 7.15.1 JX Nippon (ENEOS) Profile
- 7.15.2 JX Nippon (ENEOS) Main Business
- 7.15.3 JX Nippon (ENEOS) Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.15.4 JX Nippon (ENEOS) Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.15.5 JX Nippon (ENEOS) Recent Developments
- 7.16 Carbonfree
- 7.16.1 Carbonfree Profile
- 7.16.2 Carbonfree Main Business
- 7.16.3 Carbonfree Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.16.4 Carbonfree Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.16.5 Carbonfree Recent Developments
- 7.17 Fluor Corporation
- 7.17.1 Fluor Corporation Profile
- 7.17.2 Fluor Corporation Main Business
- 7.17.3 Fluor Corporation Carbon Capture and Utilisation (CCU) Products, Services and Solutions
- 7.17.4 Fluor Corporation Carbon Capture and Utilisation (CCU) Revenue (US$ Million) & (2020-2025)
- 7.17.5 Fluor Corporation Recent Developments
8 Industry Chain Analysis
- 8.1 Carbon Capture and Utilisation (CCU) Industrial Chain
- 8.2 Carbon Capture and Utilisation (CCU) Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Carbon Capture and Utilisation (CCU) Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Carbon Capture and Utilisation (CCU) Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer