co2.quest
Data & Projections

Market Data

Key metrics, growth projections, and financial incentives driving the US carbon sequestration market through 2034.

US Market Size Projection

USD Billions (2024-2034)

20242025202620272028202920302031203220332034$0B$3B$6B$9B$12B
CAGR (2025-2034)
18.99%
Consistent double-digit growth expected over the next decade.
Total Investment
$77.5B
Across 270+ announced projects in the US.
Cost Reduction
~14%
Expected decrease in capture costs by 2030.

Projected Capture by Sector (2050)

Manufacturing leads long-term adoption

Manufacturing (41%)
Power Generation (25%)
Oil & Gas (20%)
Other (14%)

45Q Tax Credit Values

Incentives per metric ton of CO2

Point SourceDirect AirCapture

Note: Values shown for geologic storage. Utilization projects receive same amounts. Direct pay available for first 5 years (for-profit) or 12 years (non-profit).