Post Combustion Carbon Capture and Storage Market Size, Share and Trends 2025 to 2034

Post Combustion Carbon Capture and Storage Market Size and Forecast 2025 to 2034

The global post combustion carbon capture and storage market size accounted for USD 5.62 billion in 2024 and is expected to exceed around USD 32.88 billion by 2034, growing at a CAGR of 19.32% from 2025 to 2034. The post combustion carbon capture and storage market is rapidly growing due to increased regulations of carbon emissions, innovation, and expanding investments.

Post Combustion Carbon Capture and Storage Market Key Takeaways

• North America dominated the post combustion carbon capture and storage market with the largest market share of 45% in 2024.
• Asia Pacific is anticipated to witness the fastest CAGR during the forecasted years.
• By technology, the post combustion carbon capture segment noted the largest share in 2024.
• By technology, the pre combustion carbon capture segment is projected to witness the fastest growth during the forecast period.
• By application, the power generation segment has contributed a significant share in 2024.

Artificial Intelligence (AI) Integration in the Post Combustion Carbon Capture and Storage Market

Artificial intelligence can enhance the operation of the post combustion carbon capture and storage market by regulating operating parameters and predicting capture rates to increase efficiency and reduce costs. Industries can enhance rates of COâ‚‚ capture while preserving resources by using industrial AI algorithms-based parameters such as the concentration of solvents, pressure, and temperature. Optimization in equipment maintenance is done through the use of artificial intelligence in the early identification of anomalies.

U.S. Post Combustion Carbon Capture and Storage Market Size and Growth 2025 to 2034

The U.S. post combustion carbon capture and storage market size was exhibited at USD 2.15 billion in 2024 and is expected to be worth around USD 12.79 billion by 2034, growing at a CAGR of 19.52% from 2025 to 2034.

North America accounted for the largest share of the post combustion carbon capture and storage market share in 2024. The utilization of CO2 in the Enhanced Oil Recovery method, combined with the rising trend of clean technology, will further boost the market in the United States and other countries, including Canada. The technologies are currently used widely in industries such as power generation and manufacturing through the application of post combustion capture. Market expansion is predicted to occur with government pressures toward carbon neutrality goals and the development of several large-scale CCS projects by energy giants.

• In 2023, the Congressional Budget Office of the federal government of the United States notes that about fifteen CCS facilities are operating in the country, and most of them are embedded in plants that process natural gas or produce ethanol for fuel or ammonia for fertilizers.

Asia Pacific is anticipated to witness the fastest growth in the post combustion carbon capture and storage market during the forecasted years. Global industrialization has enhanced the emission of carbon, thus forcing governments to enact strict environmental policies and encourage the use of green technology. Several Asian countries like China, Japan, and South Korea use CCS technologies to reduce emissions from power generation based on coal and vast industries like cement and steel industries. Aimed at encouraging environmentally friendly energy generation techniques and emission restrictions are driving the use of CCS systems.

• In June 2023, China ENERGY Investment Group Co., LTD.  announced the launch of Asia's largest carbon capture project in China. This project is expected to generate 500,000 tons of carbon dioxide per annum.

Market Overview

Post combustion carbon capture and storage is a process by which carbon dioxide (CO2) is removed from the flue gases of a power plant after the combustion of fossil fuels and storing the removed CO2 in geological formations. The flue gases resulting from combustion have gained traction due to their ability to retrofit existing power plants and industries, making it a sustainable solution for industries looking to lessen their carbon footprint.

Rising carbon emissions across the world and a growing concern about the impact of carbon on the environment have favored the adoption of this carbon capture and storage across the globe thus boosting the post combustion carbon capture and storage market. Governments worldwide are working on promoting this technology through pilot projects in different industries. The technology is accepted for its potential as a large-scale solution to achieve ambitious CO2 emission reduction targets and address climate control objectives.

Post Combustion Carbon Capture and Storage Market Growth Factor

• Emission reduction requirements: Due to regulatory restrictions and corporate responsibility to minimize output emissions, power, cement, and chemical industries need to incorporate post combustion carbon capture and storage solutions.
• Advancements in technology: Advanced CCS techniques include enhanced solvents, membranes, and solid sorbents as they increase feasibility in post combustion capture.
• Global energy demand: Energy demand is rising, particularly among developing nations, and most of them rely on coal or gas. It means that through CCS adoption demand is met alongside global emissions compliance.

Market Scope

Market Dynamics

Driver

Implementing sustainable technologies for manufacturing

The post combustion carbon capture and storage market is driven by several factors contributing to its growth and impact on substantial decarbonization. These technologies can capture and store carbon dioxide emissions, decreasing greenhouse gas emissions and modifying climate change impacts. Also, the use of sustainable technologies in industries such as manufacturing and chemicals drives the demand for carbon capture and storage solutions. These industries recognize the need to control CO2 emissions and meet emission reduction targets. Through carbon capture and storage technologies, they can effectively capture and store CO2 emissions, allowing them to meet regulatory requirements and increase their environmental performance.

Restraint

High installation cost

The restraint with the implementation of the post combustion carbon capture and storage market is its high initial cost. Cost estimates for establishing CCS are high, particularly in the costs of equipment for carbon dioxide capture, compression equipment, pipelines, and reservoirs. Extending green construction to current structures is another cost factor, especially in power or industrial plants. Furthermore, the CCS operation is energy-intensive, thus implying more establishment running costs and discouraging adoption. Small and developing industries in developing countries are most affected as they cannot afford these systems.

Opportunity

Government regulations and incentives

Government policies and regulations are accelerating the acceptance of the post combustion carbon capture and storage market technologies. Supportive processes like carbon pricing, emission standards, and financial incentives boost industries to invest in these solutions. Also, CCS is used in different sectors of industry, especially cement and steel industries, which emit a large amount of CO2. Further novel technologies and practices are currently emerging in the processes of capturing carbon dioxide from flue gas generated after the burning of fossil fuels. These include low-cost, more efficient solvents for capturing CO2, new and enhanced novel capture processes, and new materials for the capture system.

Technology Insights

The post-combustion carbon capture segment noted the largest share of the post combustion carbon capture and storage market in 2024. Customers can use post combustion carbon capture as an effective method for trapping CO2 from flowing flue gases and meeting emissions limits. Carbon dioxide recovered from flue gases generated when the primary fuel burns in the presence of air is captured using post combustion technology. Such systems usually use a liquid solvent to dissolve a small amount of carbon dioxide in the flue gas streams, of which nitrogen is the main component. In addition, main driving and post combustion capture technology is expected to have a higher growth rate. These include enhanced electricity generation coupled with the improvement of new amine systems and the incorporation of heat systems, which are expected to contribute significantly towards post combustion capture technology demand over the forecast period.

The pre-combustion carbon capture segment is projected to witness the fastest growth in the post combustion carbon capture and storage market during the forecast period. Integrated Flow Solutions Pre combustion carbon capture is a process that is used to eliminate carbon dioxide (CO2) from fuel before burning it. It's more efficient than post combustion technology because the CO2 is more concentrated. Pre combustion CO2 capture using the water gas shift reaction (WGSR) and its removal with acid gas removal (AGR) process is commercially carried out.

Application Insights

The power generation segment has contributed a significant share of the post combustion carbon capture and storage market in 2024. Post combustion carbon capture and storage involves capturing carbon dioxide (CO2) from the flue gases in a power plant and storing it in geological formations. Owing to high greenhouse gas emission rates, the potential of using carbon capture and storage technology is extremely high in coal-fired power plants. When post combustion capture technology is combined with other renewable energy systems, such as biomass power plants or solar thermal power plants, the resulting emissions can be balanced, and low carbon electricity can be generated.

Post Combustion Carbon Capture and Storage Market Companies

• Shell plc.
• CCapture
• Equinor ASA
• Fluor Corporation.
• Baker Hughes Company.
• Exxon Mobile Corporation.
• Worley Limited.
• Mitsubishi Heavy Industries, Ltd.
• Chevron Corporation.
• Sumitomo Chemical Co., Ltd.
• Xebec Adsorption Inc.
• Honeywell International Inc.
• Climeworks AG.
• Johnson Matthey plc.
• Total Energies SE.

Key Player Announcement

As mentioned by Atoco’s CEO, Dr. Samer Taha, in an interview with Carbon Pulse, the present and future applications of Atoco’s solid-state carbon material are indeed revolutionary. It is also essential to note that our technology has the ability to selectively capture CO2 at much lower concentrations than other technologies. This makes it versatile and applicable for both post combustion carbon capture and direct air capture (DAC). Although it is primarily aimed at natural gas power plants, this solution has many more possible uses in the future.

Recent Developments

• In October 2024, Linde Engineering signed a deal with NEXTCHEM to provide a carbon capture solution for the Hail and Ghasha project in ADNOC company. The company will showcase its new adsorption based carbon capture technology for the purification of carbon dioxide (CO2) which greatly reduces emissions in natural gas and oil production.
• In September 2024, Europe’s first post combustion carbon capture plant began operations, utilizing MHI technology as part of the Ravenna CCS Project, Phase 1. This plant is central to the first CCS project in Italy for environmental purposes and was developed by Eni and Snam.
• In March 2023, Carbfix hf. declared an expansion of its global footprint by the introduction of a new carbon capture plant in Iceland. This plant is projected to capture 3,000 tons of carbon annually.

Segments Covered in the Report

By Technology

• Oxy-Fuel Combustion
• Post Combustion Capture
• Pre-Combustion Capture

By Application 

• Power Generation
• Industrial Processes
• Other

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa