Global Carbon Capture, Utilization, And Storage Market Size, Forecasts, And Opportunities
Learn about the global carbon capture, utilization, and storage market through The Business Research Company, which provides information on carbon capture, utilization, and storage market size, carbon capture, utilization, and storage market drivers and restraints, carbon capture, utilization, and storage market players, the COVID-19 impact on the carbon capture, utilization, and storage market, and more.
The global carbon capture, utilization, and storage market is expected to grow from $1.30 billion in 2020 to $1.46 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The growth in the carbon capture, utilization, storage market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.97 billion in 2025 at a CAGR of 19.6%.
The increase in focus on reducing carbon dioxide (CO2) emissions across the globe is expected to drive innovation in carbon capture, utilization, and storage, thus driving the market during the forecast period.
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The carbon capture, utilization, and storage market consist of sales of carbon capture, utilization, and storage technologies by entities (organizations, sole traders, and partnerships) that are engaged in providing clean and efficient energy solutions. Carbon capture, utilization, and storage (CCUS) is a set of methods and technologies for removing CO2 from flue gas and the atmosphere, recycling it for use, and establishing safe and long-term storage choices.
Global carbon capture, utilization, and storage market segments include:
By Technology: Pre-Combustion, Post Combustion, Oxy-Fuel Combustion
By Service: Capture, Transportation, Utilization, Storage
By End-Use Industry: Oil & Gas, Power Generation, Iron & Steel, Chemical & Petrochemical, Cement, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the carbon capture, utilization, and storage market in 2020.
The increasing investments by governments and organizations are an emerging trend in the carbon capture, utilization, and storage market. Major companies and governments are focusing on investing in carbon capture, utilization, and storage projects to reduce carbon emissions.
TBRC’s carbon capture, utilization, and storage market report covers:
Major Market Players: Exxon Mobil, Royal Dutch Shell, Aker Solutions, Linde, NRG Energy, Fluor, General Electric, Honeywell, Mitsubishi Heavy Industries, Dakota Gasification Company, Hitachi, JGC Holdings, Carbon Engineering, ADNOC Group, Equinor, China National Petroleum Corporation, Chevron, Total, Air Liquide, LanzaTech, and Occidental Petroleum.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Carbon Capture, Utilization, And Storage Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides carbon capture, utilization, and storage market overviews, analyzes and forecasts market size, share, carbon capture, utilization, and storage market players, carbon capture, utilization, and storage market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s carbon capture, utilization, and storage market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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