The carbon capture utilization storage market is estimated at USD 7.78 billion in 2026 and is projected to reach USD 38.40 billion by 2035, expanding at a CAGR of 19.40% from 2026 to 2035. The carbon capture utilization storage market was valued at USD 6.52 billion in 2025, the base year. The report covers technologies, equipment and services to capture carbon dioxide from industrial facilities, power plants and the atmosphere, compress and transport it by pipeline or ship, and either store it permanently in geological formations or use it in enhanced oil recovery, chemicals, fuels, building materials and other products, including capture plants, compression and dehydration, transport infrastructure, injection wells, monitoring and related engineering and operations. Capture accounted for the largest reported service share in 2025, at 56.4%. North America accounted for 46.2% of reported market revenue, supported by US Section 45Q tax incentives, industrial capture projects, COâ‚‚ pipeline networks and storage developments. Eligibility for tax incentives depends on applicable statutory requirements and project-specific conditions. Industrial decarbonization, carbon pricing, government incentives, and the development of shared transport and storage infrastructure are driving the demand for CCUS facilities.