China Carbon Capture, Utilization, and Storage Market (2025-2030)
The China Carbon Capture, Utilization, and Storage Market was valued at $1294.4 Million in 2025 and projected to reach to $2304.5 Million by 2030, representing a compound annual growth rate of 12.2%. China's CCUS market is experiencing transformative growth as the nation prioritizes decarbonization within its industrial base.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
China Carbon Capture, Utilization, and Storage Market Trends and Insights
- In 2025, China's CCUS market is estimated at USD 1,294.4 million, reflecting strong government commitment to emissions reduction and industrial transformation.
- By 2030, China is forecast to expand this market to USD 2,304.5 million, representing a compound annual growth rate of 12.2% over the five-year period. China's CCUS sector is driven by stringent environmental regulations, heavy industrial demand, and substantial capital investment in carbon management infrastructure.
- China's manufacturing base and energy-intensive industries create significant demand for carbon capture technologies across cement, steel, and chemical production.
- The expansion reflects China's net-zero commitments and the integration of CCUS into broader climate action frameworks. China's market growth is underpinned by technological advancement, pilot projects, and policy incentives that encourage private sector participation.
- As China scales deployment from 2025 to 2030, the nation is expected to emerge as a global leader in CCUS commercialization and utilization pathways..
Key Market Statistics
- CAGR (2025-2030) 12.2% CAGR
- Market Size, 2025 ~USD 1294.4 Million
- Forecast, 2030 ~USD 2304.5 Million
- Country China
China Carbon Capture, Utilization, and Storage Market Overview
Market Size & Growth :
China's CCUS market valued at USD 1,294.4 million in 2025, expanding to USD 2,304.5 million by 2030, driven by aggressive decarbonization targets and industrial policy support.
Government Policy Support :
China's commitment to carbon neutrality by 2060 and peak emissions by 2030 creates a robust regulatory framework accelerating CCUS technology adoption across heavy industries.
Industrial Application Focus :
Steel, cement, and chemical manufacturing sectors in China are primary CCUS adopters, with significant investment in carbon capture infrastructure and utilization pathways.
Technology Development :
China is advancing domestic CCUS capabilities through R&D initiatives, with emerging opportunities in enhanced oil recovery, building materials, and chemical production using captured carbon.
China Carbon Capture, Utilization, and Storage Market Dynamics
- The 12.2% CAGR reflects sustained government investment, regulatory mandates, and corporate sustainability commitments across energy-intensive sectors.
- State-owned enterprises and private companies are increasingly deploying capture technologies at scale, supported by favorable policies and carbon pricing mechanisms. By 2030, China's market expansion to USD 2.3 billion signals maturation of CCUS infrastructure and commercialization of utilization pathways.
- Growth will be driven by mandatory emissions reduction targets, technological cost reductions, and integration of CCUS into circular economy initiatives.
- Strategic partnerships between government, industry, and technology providers will accelerate deployment across cement, steel, and chemical manufacturing hubs..
Related Ecosystem
Green Bio Chemicals
- Animal-Based Sealants
- Bacterial Fermentation
- Corrosion Inhibitors
- Hydrogen Peroxide
- Nitrile Butadiene Rubber (NBR)
- Basf se
- Evonik industries ag
- Solvay sa
- AZELIS HOLDINGS SA
- CARGILL, INCORPORATED
Key Takeaways
- China's CCUS market is valued at USD 1,294.4 million in 2025 and is projected to reach USD 2,304.5 million by 2030, growing at a 12.2% CAGR.
- China's industrial base in cement, steel, and chemicals drives substantial demand for carbon capture and utilization technologies.
- China's government policy framework and net-zero commitments are accelerating investment in CCUS infrastructure and commercialization.
- China is positioned to become a global leader in CCUS deployment, with technological innovation and pilot projects scaling across multiple sectors.
Carbon Capture, Utilization, and Storage Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | POST-COMBUSTION (Technology) |
| Forecast Period | 2025–2030 |
| Growth Rate | CAGR of 25% from 2025 to 2030 |
| Largest Segment | CAPTURE (Service) |
| Market Size Base Year (Billions) | ~USD 5.82 (2025) |
| Revenue Forecast (Billions) | ~USD 17.75 (2030) |
| Segments Covered | Service, Technology, End-Use Industry |
China Carbon Capture, Utilization, and Storage Market Report Segmentation
3 segment dimensions are covered across the global market.
By Service
- Capture
- Storage
- Transportation
- Utilization
By Technology
- Beccs
- Chemical Looping
- Dac
- Deep Ocean Storage
- Geological Storage
- Membranes
- Other Carbon Capture Technologies
- Other Technologies
- Oxy-Fuel
- Post-Combustion
- Pre-Combustion
- Solvents & Sorbents
By End-Use Industry
- Cement
- Chemical & Petrochemical
- Iron & Steel
- Oil & Gas
- Other End-Use Industries
- Power Generation
CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2025–2030
| Segment | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR (%) |
|---|---|---|---|---|---|---|---|
| CEMENT | 25.7 | 29.7 | 34.3 | 39.6 | 45.8 | 52.9 | 15.6 |
| CHEMICAL & PETROCHEMICAL | 78.5 | 91.9 | 107.6 | 126 | 147.5 | 172.7 | 17.1 |
| IRON & STEEL | 18 | 20.6 | 23.6 | 27.1 | 31 | 35.5 | 14.6 |
| OIL & GAS | 786 | 934.7 | 1110.9 | 1319.8 | 1567.3 | 1860.3 | 18.8 |
| OTHER END-USE INDUSTRIES | 94.2 | 106.5 | 120.4 | 136.1 | 153.8 | 173.9 | 13 |
| POWER GENERATION | 65.5 | 77.9 | 92.6 | 110 | 130.8 | 155.5 | 18.9 |
| TOTAL | 1067.9 | 1261.3 | 1489.5 | 1758.7 | 2076.2 | 2450.8 | 18.1 |
Target Audience
- Industrial Manufacturers : Steel, cement, and chemical producers in China need CCUS market data to assess technology adoption timelines, regulatory compliance costs, and competitive positioning in decarbonization.
- Technology & Equipment Providers : CCUS solution vendors require China-specific market intelligence to identify customer segments, forecast demand, and develop localized product strategies for industrial deployment.
- Investment & Finance Professionals : Private equity, venture capital, and corporate investors need quantified market projections and growth drivers to evaluate CCUS opportunities and allocate capital in China's decarbonization sector.
- Government & Policy Makers : Chinese government agencies and policy advisors use market analysis to benchmark CCUS progress, refine industrial targets, and design incentive mechanisms supporting technology adoption.
- Consulting & Strategic Planning Teams : Management consultants and corporate strategists require China CCUS market data to advise clients on decarbonization roadmaps, technology investments, and long-term sustainability positioning.
Key Companies in the China Carbon Capture, Utilization, and Storage Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| BAKER HUGHES COMPANY | United States | Public Company | Drilling, Completions & Intervention Services,Pressure Pumping, Wireline & Well Production,Subsea, Flexible Pipe & Surface Pressure Control, |
| PETROBRAS | Brazil | Public Company | Exploration and Production (crude oil, NGLs, natural gas),Refining, Transportation & Marketing (oil products, petrochemicals, fertilizers),Gas & Low Carbon Energies (natural gas, LNG, power, renewables, biodiesel), |
| HOLCIM LTD | Switzerland | Public Company | Cement, clinker, and other cementitious materials,Ready-mix concrete and digital concrete services,Aggregates (crushed stone, gravel, sand), |
| FLUOR CORPORATION | United States | Public Company | Energy Solutions (oil, gas, chemicals, power, energy transition),Urban Solutions (advanced manufacturing, life sciences, mining, infrastructure, staffing, maintenance),Mission Solutions (government, nuclear remediation, security, logistics, O&M), |
| EXXON MOBIL CORPORATION | United States | Public Company | Upstream (crude oil and natural gas),Energy Products (fuels, aromatics, catalysts, licensing),Chemical Products (olefins, polyolefins, intermediates), |
| SHELL PLC | United Kingdom | Public Company | Integrated Gas (incl. LNG and GTL),Upstream (oil, gas, NGLs),Marketing (mobility, lubricants, commercial fuels), |
| EQUINOR ASA | Norway | Public Company | Exploration & Production Norway,Exploration & Production International & USA,Marketing, Midstream & Processing, |
| TOTALENERGIES SE | France | Public Company | Upstream oil and gas production,Refining, fuels marketing, and biofuels,LNG, pipeline gas, and biogas, |
| LINDE PLC | United Kingdom | Public Company | Atmospheric gases (oxygen, nitrogen, argon, rare gases),Process gases (hydrogen, CO2, CO, helium, acetylene, specialty and electronic gases),Engineering & turnkey process plants, |
| MITSUBISHI HEAVY INDUSTRIES, LTD. | Japan | Public Company | Thermal power generation systems (gas turbine combined cycle and steam),Nuclear power systems and post-operational services,Wind power generators and renewable/low-carbon solutions, |
| JGC HOLDINGS CORPORATION | Japan | Public Company | Petroleum and Refining EPC,Petrochemicals and Gas Processing EPC,LNG EPC, |
| SCHLUMBERGER LIMITED | United States | Public Company | Digital & Integration,Reservoir Performance,Well Construction, |
| AKER SOLUTIONS | Norway | Public Company | Field Development (subsea, topsides, facilities),Life Cycle (maintenance, modifications, decommissioning),Renewables & Low-Carbon Solutions (offshore wind, CCUS, hydropower, electrification), |
| HONEYWELL INTERNATIONAL | United States | Public Company | Industrial Automation,Building Automation,Energy and Sustainability Solutions (UOP and related), |
| HITACHI, LTD. | Japan | Public Company | Digital Systems & Services,Green Energy & Mobility,Connective Industries, |
| SIEMENS AG | Germany | Public Company | Digital Industries (automation, control, industrial software),Smart Infrastructure (electrification, buildings, grid solutions),Mobility (rail systems, automation, services), |
| GE VERNOVA | United States | Public Company | Power (gas, nuclear, hydro, steam),Wind (onshore and offshore),Electrification (grid, power conversion, solar and storage, software), |
| HALLIBURTON | United States | Public Company | Completion and Production,Drilling and Evaluation, |
BAKER HUGHES COMPANY
Baker Hughes Company is a U.S.-based public company founded in 2016 with 53,000 employees. The company operates in the energy sector, providing equipment and services to the oil and gas industry.
PETROBRAS
Petrobras is a Brazilian public company founded in 1953 with 43,199 employees. It is a major integrated energy company engaged in exploration, production, refining, and distribution of oil and natural gas.
HOLCIM LTD
Holcim Ltd is a Swiss public company founded in 1833 with 45,595 employees. The company is a leading global manufacturer and distributor of cement, aggregates, and ready-mix concrete.
FLUOR CORPORATION
Fluor Corporation is a U.S.-based public company founded in 1912 with 22,995 employees. The company provides engineering, procurement, and construction services to the energy, chemical, and industrial sectors.
EXXON MOBIL CORPORATION
Exxon Mobil Corporation is a U.S.-based public company founded in 1870 with 57,900 employees. It is one of the world's largest integrated energy companies, engaged in exploration, production, refining, and marketing of oil and natural gas.
SHELL PLC
Shell PLC is a United Kingdom-based public company founded in 1897 with 84,000 employees. It is a major global energy company involved in oil and gas exploration, production, refining, and renewable energy.
EQUINOR ASA
Equinor ASA is a Norwegian public company founded in 1972 with 23,843 employees. The company is an integrated energy company focused on oil and gas exploration, production, and renewable energy development.
TOTALENERGIES SE
TotalEnergies SE is a French public company founded in 1924 with 94,847 employees. It is a major integrated energy company engaged in oil and gas production, refining, and renewable energy projects worldwide.
LINDE PLC
Linde PLC is a United Kingdom-based public company founded in 1879 with 65,034 employees. The company is a leading global supplier of industrial gases and engineering services to various industries.
MITSUBISHI HEAVY INDUSTRIES, LTD.
Mitsubishi Heavy Industries, Ltd. is a Japanese public company founded in 1884 with 78,793 employees. The company operates across multiple sectors including energy, infrastructure, industrial machinery, and aerospace.
JGC HOLDINGS CORPORATION
JGC Holdings Corporation is a Japanese public company founded in 1928 with 8,154 employees. The company provides engineering, procurement, and construction services primarily for the energy and chemical industries.
SCHLUMBERGER LIMITED
Schlumberger Limited is a U.S.-based public company founded in 1926 with 109,000 employees. It is the world's largest oilfield services company, providing technology and services to the oil and gas industry.
AKER SOLUTIONS
Aker Solutions is a Norwegian public company founded in 1841 with 11,731 employees. The company provides engineering, design, and construction services to the oil, gas, and renewable energy sectors.
HONEYWELL INTERNATIONAL
Honeywell International is a U.S.-based public company founded in 1885 with 101,000 employees. The company is a diversified technology and manufacturing conglomerate serving aerospace, building, performance materials, and safety sectors.
HITACHI, LTD.
Hitachi, Ltd. is a Japanese public company founded in 1910 with 287,901 employees. It is a major diversified conglomerate operating across infrastructure, industrial systems, information technology, and other sectors.
SIEMENS AG
Siemens AG is a German public company founded in 1847 with 310,312 employees. It is a global technology conglomerate providing solutions in electrification, automation, and digitalization across multiple industries.
GE VERNOVA
GE Vernova is a U.S.-based public company founded in 2023 with 78,000 employees. The company focuses on energy transition solutions including power generation, grid services, and energy storage technologies.
HALLIBURTON
Halliburton is a U.S.-based public company founded in 1919 with 46,000 employees. The company provides a wide range of services and products to the oil and gas industry, including drilling, completion, and production services.
Reasons to Buy this Report
- Strategic Market Sizing : Accurate valuation of China's CCUS market with precise 2025-2030 forecasts enables informed investment decisions and competitive positioning in Asia's largest decarbonization market.
- Policy & Regulatory Insights : Comprehensive analysis of China's carbon neutrality targets, emissions trading schemes, and industrial mandates reveals compliance requirements and market-entry opportunities for CCUS solutions.
- Sector-Specific Opportunities : Detailed breakdown of CCUS adoption across China's steel, cement, and chemical sectors identifies high-growth verticals and technology deployment hotspots for targeted business expansion.
- Competitive Landscape Intelligence : In-depth understanding of state-owned enterprises, private players, and technology providers in China's CCUS ecosystem informs partnership strategies and market differentiation.
- Investment & Growth Projections : 12.2% CAGR analysis with 2030 forecasts provides quantified growth metrics for venture capital, private equity, and corporate development teams evaluating China market entry.
Frequently asked questions
What is the current size of China's CCUS market in 2025?
China's carbon capture, utilization, and storage market is estimated at USD 1,294.4 million in 2025, reflecting significant investment in emissions reduction technologies.
What is the projected market size for China's CCUS sector by 2030?
China's CCUS market is forecast to reach USD 2,304.5 million by 2030, representing 78% growth over the five-year forecast period.
What is the CAGR for China's CCUS market from 2025 to 2030?
China's CCUS market is expected to grow at a compound annual growth rate of 12.2% between 2025 and 2030.
Which industries in China are driving CCUS market demand?
China's cement, steel, chemical, and power generation sectors are primary drivers of CCUS adoption due to their high carbon intensity and regulatory pressure.
What factors are supporting China's CCUS market growth?
China's CCUS growth is supported by government net-zero commitments, environmental regulations, industrial decarbonization requirements, and increasing capital investment in carbon management technologies.
RESEARCH METHODOLOGY
The study involves two major activities in estimating the current market size for the carbon capture, utilization, and storage (CCUS) market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, data triangulation was used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering CCUS and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends, to the bottom-most level, and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the CCUS market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the CCUS market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as chief experience officers (CXOs), vice presidents (VPs), business development/marketing directors, product development/innovation teams, related key executives from the CCUS industry, system integrators, component providers, distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the various trends related to fiber type, resin type, diameter, surface treatment, tensile strength, application, and region. Stakeholders from the demand side, including CIOs, CTOs, CSOs, and installation teams of customers/end users for CCUS services, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of CCUS and future outlook of their business, which will affect the overall market.
Breakup of Primary Research
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The research methodology used to estimate the size of the CCUS market includes the following details. The market size was determined from the demand side. The market was upsized based on the demand for CCUS in different applications at the regional level. Such procurements provide information on the demand aspects of the CCUS industry for each application. For each application, all possible segments of the CCUS market were integrated and mapped.
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
CCUS involves the capture of CO2, generally from large point sources like power generation or industrial facilities that use either fossil fuels or biomass as fuel. If not used on-site, the captured CO2 is compressed and transported by pipeline, ship, rail, or truck to be used in various applications or injected into deep geological formations such as depleted oil and gas reservoirs or saline aquifers.
Stakeholders
- CCUS service providers
- Universities, governments, and research organizations
- Associations and industrial bodies
- R&D institutes
- Environmental support agencies
- Investment banks and private equity firms
- Research and consulting firms
Report Objectives
- To define, describe, and forecast the CCUS market size in terms of volume and value
- To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
- To analyze and project the global CCUS market by service, technology, End-use industry, and region
- To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America, and analyze the significant region-specific trends
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
- To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
- To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and product developments/product launches, to draw the competitive landscape
- To strategically profile the key market players and comprehensively analyze their core competencies
Get the Full Carbon Capture, Utilization, and Storage Market Report
Full forecast, segment splits, and company analysis for all Carbon Capture, Utilization, and Storage Market.
- US Carbon Capture, Utilization, and Storage Market
- Canada Carbon Capture, Utilization, and Storage Market
- Mexico Carbon Capture, Utilization, and Storage Market
- UK Carbon Capture, Utilization, and Storage Market
- France Carbon Capture, Utilization, and Storage Market
- Netherlands Carbon Capture, Utilization, and Storage Market
- Italy Carbon Capture, Utilization, and Storage Market
- Norway Carbon Capture, Utilization, and Storage Market
- Japan Carbon Capture, Utilization, and Storage Market
- India Carbon Capture, Utilization, and Storage Market
- Australia Carbon Capture, Utilization, and Storage Market
- Brazil Carbon Capture, Utilization, and Storage Market
- Argentina Carbon Capture, Utilization, and Storage Market
- Rest Of Europe Carbon Capture, Utilization, and Storage Market
- Rest Of Asia Pacific Carbon Capture, Utilization, and Storage Market
Need a Tailored Report?
Customize this report to your needs
Get 10% FREE Customization
Customize This Report