The Worldwide Carbon Capture Utilization and Storage Industry is Expected to Reach $12.1 Billion by 2031 - ResearchAndMarkets.com
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Thursday, June 16, 2022
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The global carbon capture utilization and storage (CCUS) market was valued at $2,100.0 million in 2021 and is expected to reach $12,159.6 million by 2031, growing at a CAGR of 19.2% between 2022 and 2031.
Key Points:
- The global carbon capture utilization and storage (CCUS) market was valued at $2,100.0 million in 2021 and is expected to reach $12,159.6 million by 2031, growing at a CAGR of 19.2% between 2022 and 2031.
- Lack of storage facilities and leakage of CO2 from underground storage are some key restraining factors of the industry.
- The global carbon capture utilization and storage market is still in a nascent phase.
- The U.S. has the largest carbon capture utilization and storage industry as oil and gas companies use captured carbon for enhanced oil recovery.