From Policy to Technology: In-depth Analysis of Top 17 Companies in the Global CCU Market to Grasp Future Trends

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. 

The global Carbon Capture and Utilisation (CCU) market is projected to grow from US$ 4,643.33 million in 2024 to US$ 7,556.23 million by 2031, at a Compound Annual Growth Rate (CAGR) of 7.47% during the forecast period.

Above data is based on report from Global Info Research: Global Carbon Capture and Utilisation (CCU) Market 2025 by Company, Regions, Type and Application, Forecast to 2031(published in 2024). If you need the latest data, plaese contact Global Info Research.

This report profiles key players of Carbon Capture and Utilisation (CCU) such as Exxon Mobil, Aker Solutions (SLB), Mitsubishi, BASF, General Electric, etc.

In 2023, the global top five Carbon Capture and Utilisation (CCU) players account for 40.73% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Carbon Capture and Utilisation (CCU).

Based on or includes research from Global Info Research: Global Carbon Capture and Utilisation (CCU) Market 2025 by Company, Regions, Type and Application, Forecast to 2031.

In terms of product type, Post-Combustion Carbon Capture is the largest segment, hold a share of 83.1%,

In terms of product application, Oil & Gas is the largest application, hold a share of 42.2%,

Carbon Capture and Utilisation (CCU) Market Trends

Government Policies and Incentives

Governments worldwide are introducing policies, subsidies, and carbon pricing mechanisms to incentivize CCU development. This includes tax credits, grants, and regulations promoting CCU research, development, and deployment.

Advances in CO₂ Capture Technologies

Rapid advancements in CCU technologies are improving efficiency and reducing costs. New developments in direct air capture (DAC), bioenergy with carbon capture and storage (BECCS), and mineral carbonation processes are expanding the potential applications of CCU.

Integration with Renewable Energy

CCU technologies are being integrated with renewable energy sources like wind and solar to create a sustainable, carbon-neutral ecosystem. Renewable energy can power the processes involved in capturing and converting CO₂, ensuring that the overall carbon footprint of CCU is minimized.

Industrial Applications Expansion

Enhanced Oil Recovery (EOR): CO₂-EOR remains a significant application, using captured CO₂ to increase oil extraction from mature fields while sequestering the CO₂ underground.

Chemical and Material Production

Growing use of captured CO₂ as a feedstock for producing chemicals, plastics, and building materials, reducing reliance on fossil-based resources.

Cement and Concrete Production

Innovations in the use of CO₂ in cement and concrete curing processes are improving the sustainability and performance of construction materials.

For more information, please refer to “Global Carbon Capture and Utilisation (CCU) Market 2025 by Company, Regions, Type and Application, Forecast to 2031- Global Info Research”, this report analyzes the supply and demand situation of the industry, the current development status, the industry development and changes, focusing on the industry development status, how to face the industry challenges, the industry's development proposals, the industry's competitiveness, as well as the industry's investment analysis and trend forecast. The report also synthesizes the overall development dynamics of the industry, including the impact of the latest U.S. tariffs on the global supply chain, industry chain supply relationship analysis, and provides reference suggestions and specific solutions for the industry in terms of products.

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