Report Id: SNS/C&M/1814 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Carbon Capture Utilization and Storage Market Size was valued at USD 2.1 billion in 2021, and expected to reach USD 5.38 billion by 2028, and grow at a CAGR of 13.9% over the forecast period 2022-2028. Because more money is being spent on research and development around the world, there is more demand for the Carbon Capture and Storage Market to grow. The Carbon Capture and Storage Market is the process of capturing carbon dioxide emissions from things like coal-fired power plants and either reusing or storing the gas to protect the atmosphere and keep it from getting dirty. The biggest and most important source of carbon dioxide is the process of making electricity. The main thing that helps the Carbon Capture and Storage Market grow is that people are becoming more aware of greenhouse gas emissions, which saves the environment from pollution and makes people want to use it more.
CO2 emissions are getting more and more attention.
CO2-EOR techniques are becoming more popular.
Government programmes that help with carbon capture, use, and storage
Getting rid of carbon and storing it costs a lot.
Worries about safety at storage sites
Investments in developing new capturing technologies allow businesses to run smoothly.
Asia-Pacific has a lot of projects coming up.
Large Hydrogen Projects Will Be Announced
Bringing down the cost of CO2 capture
High costs at the start
Impact of Covid-19:
Because of the COVID-19 pandemic, the market for carbon capture, use, and storage is expected to go down in 2020. The whole world has been hurt by this deadly virus, but North America and Europe have been hit the hardest. To stop this virus from spreading even more, businesses have shut down their operations and factories, and the government has put limits on building. This has led to a drop in the amount of carbon capture, use, and storage used by industries that use carbon.
COVID-19 and other regulatory problems, like long processes for getting permits, have slowed down the production of end-use industries, which has decreased the need for carbon capture, use, and storage. But it is expected that demand for carbon capture, use, and storage will rise again in 2021. China was the first country to be affected by COVID-19, which messed up the global supply chain for carbon capture, use, and storage and slowed down production in several end-use industries. But many end-use industries have started making things again and are expected to get back to normal soon. This is driving up the demand for carbon capture, use, and storage.
Aker solutions, Mitsubishi heavy industries limited, Fluror corporation, Equinor ASA, Royal dutch shell Plc, Linde Plc, JGC holdings corporation, Exxon Mobil corpration, Total energies SE, Schlumberger limited, Honeywell International Inc
Oxy-Fuel Combustion Capture
By End-Use Industry
Oil & Gas
Iron & Steel
Chemical & Petrochemical
North America, Asia-Pacific, Europe, and the rest of the world are the main places where the growth of the market is being looked at. North America is the most important area for the growth of the Carbon Capture and Storage Market. Because this region is so important to the growth of the CCS market, it has the largest share of the market, which makes the revenue grow. The area in North America that has grown the most in recent years. But it is certain that the Asia-Pacific region will grow over the next few years. This growth is due to projects that are still in the early stages of development. During the forecast period, growth in other places like Europe, the Middle East, Africa, and Latin America is expected to improve. These places are expected to grow in the coming years.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 2.1 Billion|
|Market Size by 2028||US$ 5.38 Billion|
|CAGR||CAGR of 13.9% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Service (Captur, Transportation, Utilization, Storage)
• By Technology (Pre-Combustion Captur, Oxy-Fuel Combustion Capture, Post-Combustion Capture,)
• By End-Use Industry (Oil & Gas, Power Generation, Iron & Steel, Chemical & Petrochemical, Cement, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Aker solutions, Mitsubishi heavy industries limited, Fluror corporation, Equinor ASA, Royal dutch shell Plc, Linde Plc, JGC holdings corporation, Exxon Mobil corpration, Total energies SE, Schlumberger limited, Honeywell International Inc|
|DRIVERS||• CO2 emissions are getting more and more attention.
• CO2-EOR techniques are becoming more popular.
• Government programmes that help with carbon capture, use, and storage
|Restraints||• Getting rid of carbon and storing it costs a lot.
• Worries about safety at storage sites
Frequently Asked Questions (FAQ) :
Ans: Key stakeholders considered in the study:
Raw material vendors
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
end-use industries are the stake holder of this report.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Because of the COVID-19 pandemic, the market for carbon capture, use, and storage is expected to go down in 2020. The whole world has been hurt by this deadly virus, but North America and Europe have been hit the hardest. To stop this virus from spreading even more, businesses have shut down their operations and factories, and the government has put limits on building. This has led to a drop in the amount of carbon capture, use, and storage used by industries that use carbon.
Ans: Aker solutions, Mitsubishi heavy industries limited, Fluror corporation, Equinor ASA, Royal dutch shell Plc, Linde Plc, JGC holdings corporation, Exxon Mobil corpration, Total energies SE, Schlumberger limited and Honeywell International Inc are the major key players of Carbon Capture Utilization and Storage Market.
Ans: Carbon Capture Utilization and Storage Market Size was valued at USD 2.1 billion in 2021, and expected to reach USD 5.38 billion by 2028, and grow at a CAGR of 13.9 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Carbon Capture Utilization and Storage Market Segment, By Service
9.Carbon Capture Utilization and Storage Market Segment, By Technology
9.1 Pre-Combustion Capture
9.2 Oxy-Fuel Combustion Capture
9.3 Post-Combustion Capture
10.Carbon Capture Utilization and Storage Market Segment, By End-Use Industry
10.1 Oil & Gas
10.2 Power Generation
10.3 Iron & Steel
10.4 Chemical & Petrochemical
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Aker solutions
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Mitsubishi heavy industries limited
12.3 Fluror corporation
12.4 Equinor ASA
12.5 Royal dutch shell Plc
12.6 Linde Plc
12.7 JGC holdings corporation
12.8 Exxon Mobil corporation
12.9 Total energies SE
12.10 Schlumberger limited
12.11 Honeywell International Inc
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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