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Post Combustion Carbon Capture and Storage Market Size – By Application, Analysis, Share, Growth Forecast, 2025 – 2034
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Post Combustion Carbon Capture and Storage Market
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Base Year: 2024
Companies covered: 17
Tables & Figures: 25
Countries covered: 8
Pages: 110
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Post Combustion Carbon Capture and Storage Market Size
The global post combustion carbon capture and storage market was valued at USD 5.5 billion in 2024 and is estimated to grow at a CAGR of 19.3% from 2025 to 2034, driven by increasing global emphasis on reducing carbon emissions to meet climate goals. Post-combustion CCS, which involves capturing CO? from the flue gases produced by fossil fuel combustion, has gained traction due to its ability to retrofit existing power plants and industrial facilities, making it a viable solution for industries seeking to reduce their carbon footprint.
Increasing focus on developing cost-effective along with scalable post-combustion CCS systems across the globe is fueling the market growth. Companies are investing in research and development to improve the efficiency of capture processes and reduce operational costs. For instance, the use of advanced solvents and sorbents, along with innovations in the design of capture units is enabling higher capture rates at lower costs. Furthermore, advancements in modular, smaller-scale capture units are making post-combustion CCS more adaptable to different industrial applications, including smaller and more dispersed emissions sources.
Post Combustion Carbon Capture and Storage Market Trends
The post-combustion carbon capture and storage industry is expanding as governments and industries increasingly acknowledge the need to combat climate change and reduce CO2 emissions. This growth is expected to persist, particularly as more nations set carbon neutrality targets. CCS serves as a crucial bridge in the transition to a low-carbon economy, enabling industries and power plants to gradually cut emissions while renewable energy sources and alternative technologies are being developed and scaled.
Government policies and regulations play a vital role in accelerating the adoption of post-combustion CCS technologies. Supportive measures such as carbon pricing, emission standards, and financial incentives encourage industries to invest in these solutions. Additionally, CCS is applied across various industrial sectors, including cement and steel production, which are major contributors to CO2 emissions.
Post Combustion Carbon Capture and Storage Market Analysis
The post-combustion carbon capture and storage market will exceed USD 34 billion by 2034. Public and private sector partnerships are playing a pivotal role in accelerating the deployment of post-combustion CCS technologies. Government subsidies, tax incentives, and regulatory frameworks that support the implementation of CCS projects have created a conducive environment for market growth. Major energy companies, including Shell, ExxonMobil, and Chevron, are leading the charge by establishing large-scale CCS projects, often in collaboration with technology providers and research institutions. These collaborations are not only advancing technology but also facilitating the scaling of CCS solutions, helping industries meet decarbonization targets.
The power generation application market will grow at a CAGR of over 18% through 2034. There is an increasing recognition of the importance of combining post-combustion technologies with power plants and renewable energy sources to create a sustainable and low-carbon power generation mix. By integrating post-combustion capture with renewable energy systems like biomass power plants or solar thermal power plants, emissions can be offset, facilitating the production of low-carbon electricity. This trend is particularly relevant in industries with hard-to-abate emissions, where combining CCS with alternative energy solutions can significantly reduce their environmental impact.
U.S. post combustion carbon capture and storage market is set to reach over USD 10.5 billion by 2034, driven by federal policies aimed at reducing CO2 emissions, such as tax credits and incentives under the 45Q program. Industries, particularly power generation and manufacturing are increasingly adopting post-combustion CCS technologies to meet stringent environmental regulations. The government’s push for carbon-neutrality goals and the emergence of large-scale CCS projects, like those by major energy firms, are expected to accelerate market development.
In the Asia Pacific region, the post-combustion CCS market is experiencing rapid expansion, driven by the region's increasing industrialization and energy demand. Countries like China, Japan, and South Korea are investing in CCS technologies to mitigate emissions from coal-heavy power generation and large industrial sectors such as cement and steel. Government policies promoting sustainable energy solutions and emissions reduction targets are pushing the adoption of CCS systems.
Post Combustion Carbon Capture and Storage Market Share
Major players in the post-combustion carbon capture and storage market are increasingly focusing on strategic collaborations with oil and gas companies, as well as partnering with government agencies on large-scale projects and securing contracts to enhance their market position. These alliances enable companies to leverage the expertise and infrastructure of established energy firms while benefiting from governmental support and funding for emissions reduction initiatives. Additionally, mergers and acquisitions are becoming a key strategy to expand technological capabilities, enhance operational efficiency, and tap into new markets.
Post Combustion Carbon Capture and Storage Market Companies
Major key players operating in the post combustion carbon capture and storage industry are:
Post Combustion Carbon Capture and Storage Industry News
This post combustion carbon capture and storage market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (MTPA) and revenue (USD Billion) from 2021 to 2034, for the following segments:
Market, By Application
The above information has been provided for the following regions and countries: