Carbon Dioxide Utilization Market, By Application, By Technology, By End User, By Geography

Description

Global carbon dioxide utilization market is estimated to be valued at USD 5.18 Bn in 2024 and is expected to reach USD 12.5 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.

Figure 1. Carbon Dioxide Utilization Market Share (%), By Region, 2024

Carbon Dioxide Utilization Market - IMG1

Carbon dioxide utilization refers to technologies that can capture and utilize CO2 from industrial and energy-related sources, aiming to reduce atmospheric CO2 levels and produce useful products. With rising concerns about climate change mitigation, carbon dioxide utilization presents an opportunity to reduce emissions at source in a sustainable manner. Several new and emerging CO2 utilization pathways have emerged in recent times involving conversion of CO2 into fuels, industrial feedstocks and construction materials among others. The widespread adoption of such technologies could complement current reduction efforts and lower carbon footprint of key industries.

Market Dynamics:

Growing focus on reducing greenhouse gas emissions and developing a circular carbon economy can boost adoption of carbon dioxide utilization technologies. Stringent regulations mandating emission cuts coupled with carbon pricing mechanisms have compelled industries to explore innovative ways to curb emissions. Availability of captured CO2 from industrial sources at lower costs can drive the market growth. The high capital investments and technology risks associated with first-of-its-kind carbon utilization plants act hamper the market growth. Uncertain demand and pricing mechanisms for end-use carbon utilization products also restrain commercialization. Furthermore, emergence of novel concepts such as carbon capture and reuse from power production using carbon conversion technologies can provide lucrative opportunities for the market growth. Potential co-benefits in the form of economic value addition and resource recovery from waste CO2 gas can provide lucrative opportunities for the market growth.

Key Features of the Study:

This report provides in-depth analysis of the global carbon dioxide utilization market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global carbon dioxide utilization market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Fluor Corporation, Schlumberger Limited, Aker Solutions, Honeywell International Inc., Equinor ASA, TotalEnergies SE, Hitachi, Ltd, ExxonMobil Corporation, Linde plc, Royal Dutch Shell Plc, Mitsubishi Heavy Industries, Ltd, JGC Holdings Corporation, General Electric, Halliburton, SABIC
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global carbon dioxide utilization market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon dioxide utilization market

Detailed Segmentation-

By Application:
- Enhanced Oil Recovery
- Chemicals Synthesis
- Fuel Synthesis
- Others
By Technology:
- Pre-Combustion Capture
- Oxy-Fuel Combustion Capture
- Post-Combustion Capture
By End User:
- Oil & Gas
- Power Generation
- Iron & Steel
- Chemical & Petrochemical
- Others
By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Fluor Corporation
- Schlumberger Limited
- Aker Solutions
- Honeywell International Inc.
- Equinor ASA
- TotalEnergies SE
- Hitachi, Ltd
- ExxonMobil Corporation
- Linde plc
- Royal Dutch Shell Plc
- Mitsubishi Heavy Industries, Ltd
- JGC Holdings Corporation
- General Electric
- Halliburton
- SABIC

Product Code: CMI7010

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Technology Trend

4. Global Carbon Dioxide Utilization Market- Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Carbon Dioxide Utilization Market
Impact Analysis

5. Global Carbon Dioxide Utilization Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, -2020-2031
- Segment Trends
Enhanced Oil Recovery
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Chemicals Synthesis
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Fuel Synthesis
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends

6. Global Carbon Dioxide Utilization Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Pre-Combustion Capture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Oxy-Fuel Combustion Capture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Post-Combustion Capture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends

7. Global Carbon Dioxide Utilization Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Oil & Gas
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Power Generation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Iron & Steel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Chemical & Petrochemical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends

8. Global Carbon Dioxide Utilization Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Fluor Corporation
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Schlumberger Limited
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Aker Solutions
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Honeywell International Inc.
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Equinor ASA
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- TotalEnergies SE
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Hitachi, Ltd
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- ExxonMobil Corporation
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Linde plc
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Royal Dutch Shell Plc
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Mitsubishi Heavy Industries, Ltd
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- JGC Holdings Corporation
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- General Electric
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- Halliburton
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates
- SABIC
  - Company Overview
  - Application Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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