Increased levels of these chemicals in the atmosphere have caused irreversible effects such as climate change and ozone depletion.

Carbon Capture, Utilization and Storage Market was valued at USD 2.09 Billion in 2021, and is expected to reach USD 6.44 Billion by 2029, exhibiting a CAGR of 15.1 % during the forecast period (2022-2029)

The carbon capture, utilization, and storage market is expected to decline in 2020 due to COVID-19. However, the end of lockdown and recovery in the application sector will stimulate the demand during the forecast period.

Carbon Capture, Utilization, and Storage Market by Service (Capture, Transportation, Utilization, Storage), End-Use Industry (Oil & Gas, Iron & Steel, Cement, Chemical & Petrochemical, Power Generation), and Region