As groups seek to combat the significant rise in atmospheric carbon dioxide (CO₂) on Earth, the carbon capture and sequestration (CCS) market is set to become an increasingly large part of the economy. Fortune Business Insights values the global CCS market at approximately $4.5 billion in 2025.
By 2032, the research firm expects this figure to move to around $14.5 billion. That would be more than a tripling of the market in just seven years. It also equates to a strong compound annual growth rate (CAGR) of more than 18%.
