Global Carbon Capture, Utilization, and Storage Market Size study, By Technology, By Application, By Service and Regional Forecasts 2022-2032

Description

List of Tables

Global Carbon Capture, Utilization, and Storage Market is valued approximately USD 3.9 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.30% over the forecast period 2024-2032. Carbon Capture, Utilization, And Storage (CCUS) involves capturing carbon dioxide emissions from fuel combustion or industrial activities, transporting the CO2 via ship or pipeline, and either repurposing it to create valuable products or permanently storing it in deep geological formations. When CO2 is collected from bio-based processes or directly from the atmosphere, CCUS technology can achieve negative emissions by removing carbon from the environment. Furthermore, rising demand of carbon dioxide enhanced oil recovery are gaining attention towards Global Carbon Capture, Utilization, and Storage Market. Carbon dioxide enhanced oil recovery boosts oil extraction efficiency and provides a practical use for captured CO2, linking economic and environmental benefits. This method helps mitigate carbon emissions while enhancing oil recovery.

The Global Carbon Capture, Utilization, and Storage Market is driven by growing rate of industrialization and supportive government initiatives towards greenhouse gas emissions across the world. CCUS technologies capture CO2 emissions from industrial sources, utilize them in processes such as enhanced oil recovery or convert them into useful products, and store the remaining CO2 to prevent its release into the atmosphere. This helps industries to comply with stricter environmental regulations and also supports global efforts to combat climate change, making CCUS an essential component of sustainable industrial growth. In addition, Governments worldwide are implementing policies, providing funding, and creating regulatory frameworks to encourage the development and deployment of CCUS technologies. These initiatives include tax incentives, grants, and subsidies for research and development, as well as setting emission reduction targets, resulting in market growth. However, high cost of carbon capture, utilization, and storage and safety concerns at storage sites is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Carbon Capture, Utilization, and Storage market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue owing to factors such as increasing environmental awareness across the region. heightened concern about climate change has led to greater demand for solutions that mitigate carbon emissions. CCUS technologies offer a practical approach by capturing CO2 from industrial processes and power plants, preventing it from entering the atmosphere and exacerbating global warming. According to Congressional Budget Office United States as of December 2023, 15 Carbon Capture storage facilities are currently operating in the United States, with the capacity of up to capture 0.4% of the nation's total annual CO2 emissions. An additional 121 facilities were under the development phase. Furthermore, the market in Asia Pacific, on the other hand, is expected to develop at the fastest rate over the forecast period 2024-2032.

Major market player included in this report are:

Linde PLC
Halliburton Company
Mitsubishi Heavy Industries, Ltd
JGC Holdings Corporation
Schlumberger Limited
Fluor Corporation
Shell PLC
Aker Solutions ASA
Exxon Mobil Corporation
Honeywell International Inc

The detailed segments and sub-segment of the market are explained below:

By Technology

Pre-Combustion Capture
Oxy-Fuel Combustion Capture
Post-Combustion Capture

By Application

Oil and Gas
Power Generation
Iron and Steel
Chemical and Petrochemical
Cement
Others

By Service

Capture
Transportation
Utilization
Storage

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Carbon Capture, Utilization, and Storage Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Carbon Capture, Utilization, and Storage Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Technology
- 2.3.2. By Application
- 2.3.3. By Service
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Carbon Capture, Utilization, and Storage Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Carbon Capture, Utilization, and Storage Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Carbon Capture, Utilization, and Storage Market Size & Forecasts by Technology 2022-2032

5.1. Pre-Combustion Capture
5.2. Oxy-Fuel Combustion Capture
5.3. Post-Combustion Capture

Chapter 6. Global Carbon Capture, Utilization, and Storage Market Size & Forecasts by Application 2022-2032

6.1. Oil and Gas
6.2. Power Generation
6.3. Iron and Steel
6.4. Chemical and Petrochemical
6.5. Cement
6.6. Others

Chapter 7. Global Carbon Capture, Utilization, and Storage Market Size & Forecasts by Service 2022-2032

7.1. Capture
7.2. Transportation
7.3. Utilization
7.4. Storage

Chapter 8. Global Carbon Capture, Utilization, and Storage Market Size & Forecasts by Region 2022-2032

8.1. North America Carbon Capture, Utilization, and Storage Market
- 8.1.1. U.S. Carbon Capture, Utilization, and Storage Market
  - 8.1.1.1. Technology breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Service breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Carbon Capture, Utilization, and Storage Market
8.2. Europe Carbon Capture, Utilization, and Storage Market
- 8.2.1. U.K. Carbon Capture, Utilization, and Storage Market
- 8.2.2. Germany Carbon Capture, Utilization, and Storage Market
- 8.2.3. France Carbon Capture, Utilization, and Storage Market
- 8.2.4. Spain Carbon Capture, Utilization, and Storage Market
- 8.2.5. Italy Carbon Capture, Utilization, and Storage Market
- 8.2.6. Rest of Europe Carbon Capture, Utilization, and Storage Market
8.3. Asia-Pacific Carbon Capture, Utilization, and Storage Market
- 8.3.1. China Carbon Capture, Utilization, and Storage Market
- 8.3.2. India Carbon Capture, Utilization, and Storage Market
- 8.3.3. Japan Carbon Capture, Utilization, and Storage Market
- 8.3.4. Australia Carbon Capture, Utilization, and Storage Market
- 8.3.5. South Korea Carbon Capture, Utilization, and Storage Market
- 8.3.6. Rest of Asia Pacific Carbon Capture, Utilization, and Storage Market
8.4. Latin America Carbon Capture, Utilization, and Storage Market
- 8.4.1. Brazil Carbon Capture, Utilization, and Storage Market
- 8.4.2. Mexico Carbon Capture, Utilization, and Storage Market
- 8.4.3. Rest of Latin America Carbon Capture, Utilization, and Storage Market
8.5. Middle East & Africa Carbon Capture, Utilization, and Storage Market
- 8.5.1. Saudi Arabia Carbon Capture, Utilization, and Storage Market
- 8.5.2. South Africa Carbon Capture, Utilization, and Storage Market
- 8.5.3. Rest of Middle East & Africa Carbon Capture, Utilization, and Storage Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Linde PLC
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Halliburton Company
- 9.3.3. Mitsubishi Heavy Industries, Ltd
- 9.3.4. JGC Holdings Corporation
- 9.3.5. Schlumberger Limited
- 9.3.6. Fluor Corporation
- 9.3.7. Shell PLC
- 9.3.8. Aker Solutions ASA
- 9.3.9. Exxon Mobil Corporation
- 9.3.10. Honeywell International Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Carbon Capture, Utilization, and Storage market, report scope
TABLE 2. Global Carbon Capture, Utilization, and Storage market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Carbon Capture, Utilization, and Storage market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 4. Global Carbon Capture, Utilization, and Storage market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 5. Global Carbon Capture, Utilization, and Storage market estimates & forecasts by Service 2022-2032 (USD Billion)
TABLE 6. Global Carbon Capture, Utilization, and Storage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Carbon Capture, Utilization, and Storage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Carbon Capture, Utilization, and Storage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Carbon Capture, Utilization, and Storage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Carbon Capture, Utilization, and Storage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Carbon Capture, Utilization, and Storage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Carbon Capture, Utilization, and Storage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Carbon Capture, Utilization, and Storage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Carbon Capture, Utilization, and Storage market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Carbon Capture, Utilization, and Storage market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. U.S. Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Canada Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. UK Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Germany Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. France Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. Italy Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. Spain Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 38. RoE Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 41. China Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 44. India Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 47. Japan Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 50. Australia Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 53. South Korea Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55.
TABLE 56. RoAPAC Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 57. RoAPAC Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. RoAPAC Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 60. Brazil Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 63. Mexico Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 66. RoLA Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Carbon Capture, Utilization, and Storage market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. South Africa Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72.
TABLE 73. South Africa Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. South Africa Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Carbon Capture, Utilization, and Storage market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. List of secondary sources, used in the study of Global Carbon Capture, Utilization, and Storage Market.
TABLE 79. List of primary sources, used in the study of Global Carbon Capture, Utilization, and Storage Market.
TABLE 80. Years considered for the study.
TABLE 81. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Carbon Capture, Utilization, and Storage market, research methodology
FIG 2. Global Carbon Capture, Utilization, and Storage market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Carbon Capture, Utilization, and Storage market, key trends 2023
FIG 5. Global Carbon Capture, Utilization, and Storage market, growth prospects 2022-2032
FIG 6. Global Carbon Capture, Utilization, and Storage market, porters 5 force model
FIG 7. Global Carbon Capture, Utilization, and Storage market, pestel analysis
FIG 8. Global Carbon Capture, Utilization, and Storage market, value chain analysis
FIG 9. Global Carbon Capture, Utilization, and Storage market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Carbon Capture, Utilization, and Storage market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Carbon Capture, Utilization, and Storage market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Carbon Capture, Utilization, and Storage market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Carbon Capture, Utilization, and Storage market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Carbon Capture, Utilization, and Storage market, regional snapshot 2022 & 2032
FIG 15. North America Carbon Capture, Utilization, and Storage market 2022 & 2032 (USD Billion)
FIG 16. Europe Carbon Capture, Utilization, and Storage market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Carbon Capture, Utilization, and Storage market 2022 & 2032 (USD Billion)
FIG 18. Latin America Carbon Capture, Utilization, and Storage market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Carbon Capture, Utilization, and Storage market 2022 & 2032 (USD Billion)
FIG 20. Global Carbon Capture, Utilization, and Storage market, company market share analysis (2023)