Carbon capture, utilization, and storage market projected to reach $13.53 billion by 2031

DELRAY BEACH, Fla. — The global carbon capture, utilization, and storage market is projected to expand to $13.53 billion by 2031, growing from an estimated $5.67 billion in 2026 at a compound annual growth rate of 19%, according to data published Sept. 24, 2026, by PR Newswire.

The market data, compiled and released by MarketsandMarkets™, tracks valuations across industrial decarbonization infrastructure. The published figures outline a multi-year growth trajectory for operators, capital allocators, and project developers evaluating deployment timelines and capital expenditures within the sector.

Strategic Context

The baseline valuation of $5.67 billion in 2026 establishes the starting point for the projected expansion toward the 2031 target. With the compound annual growth rate pegged at 19%, the data indicates sustained capital allocation into carbon capture assets over the forecast period.

Project developers and industrial operators navigate these deployment cycles against broader market dynamics. The reported market scope encompasses approximately 350 market data tables and 100 figures detailing segment valuations across the utilization and storage value chain.

Forward Outlook

Allocators and corporate operators examining the sector will need to track how structural factors and financing costs influence capital deployment rates through 2031. As project pipelines mature from the 2026 baseline, monitoring actual capital expenditures against these growth projections will provide a clearer measure of market adoption across heavy industry.