Carbon Capture, Utilization, and Storage Market by Service (Capture, Transportation, Utilization, Storage), End-Use Industry (Oil & Gas, Iron & Steel, Cement, Chemical & Petrochemical, Power Generation), and Region - Global Forecast to 2025
[151 Pages Report] The global carbon capture, utilization, and sequestration market size is projected to grow from USD 1.6 billion in 2020 to USD 3.5 billion by 2025, at a CAGR of 17.0% during the forecast period. The carbon capture, utilization, and sequestration market is growing due to the growing focus to reduce CO2 emissions from industrial and power plants.
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Impact of COVID-19 on the global carbon capture, utilization, and sequestration market
CCUS is primarily used across power plants and natural gas processing plants where COVID-19 has imposed a very minimal impact. However, due to lockdown imposed across various countries, it has impacted commercial sectors, such as cement plants, chemical plants, and others, which plays a very small role in the CCUS market And after the reopening of these industries also adapt to the changes quickly and started their operations after a couple of months of lockdown. However, the lockdown caused the delay for the upcoming projects, which has affected the growth of the CCUS market at a very small scale.
Driver: Growing focus on reducing CO2 emissions
Growing concerns about climate change are responsible for the increasing adoption of CCUS to reduce emissions. CCUS captures CO2 via various methods and use or store it to avoid its release into the atmosphere. The use of fossil fuels and natural gas to produce electricity are the major sources of CO2 emissions around the world. CCUS can prevent greenhouse gases from entering the atmosphere.
Restraint: the high cost of carbon capture and sequestration is a major restrain for the carbon capture, utilization, and sequestration market
The cost of carbon capture and sequestration, including all the initial expenses and ongoing operational & maintenance expenditures of carbon capture and sequestration plant, is higher than non-carbon capture and sequestration using the same fuel and net electricity output. The cost of carbon capture and sequestration is inclusive of all components of the value chain: CO2 capture at the plant, its transport, and its storage. The efficiency penalty caused by energy absorbed in capture processes and the addition of capture-specific equipment are the major cost drivers of the CO2 capture process. For instance, the addition of a CO2 scrubber for post-combustion and air-separation unit for oxy-fuel technology increases the initial CAPEX and operation & maintenance costs. Factors, such as initial exploration, site assessment, and site preparation, are considered to calculate storage costs. In addition to this, there are monitoring costs, which hinder the plant manufacturers from implementing CCUS.
Opportunity: Large number of upcoming projects is an excellent opportunity for the carbon capture, utilization, and sequestration Market
Current and upcoming projects of CCUS in the APAC region have created an excellent gateway toward the adoption of CCUS. China and Australia are the early adopters of CCUS in the APAC region. The current line-up of carbon capture and sequestration projects in these countries is expected to create an immense opportunity for the companies operating in the carbon capture, utilization, and sequestration ecosystem. Other than Australia and China, South Korea and India are also focusing on adopting CCUS. For instance, South Korea has already taken a step toward CCUS in the Korea CCS 1&2 project, which is currently in an early development stage and is expected to be operational by 2021. India, in 2016, initiated the operation of a carbon capture and utilization system, which was capable of capturing 60,000 tons of C02 per year from coal-fired power plants.
Reducing CO2 capturing cost is one of the major challenges in the carbon capture, utilization, and sequestration Market
Investments in product innovation and technology development are of utmost importance to overcome current technical limitations. Various companies are working on developing new solutions and are investing significant resources to intensify R&D initiatives. CCUS system can be installed in new energy utilization plants or can be retrofitted to existing plants. If CO2 capture is to be introduced rapidly, it needs to be retrofitted to existing plants. However, there are some complications that can hamper this approach. For instance, plants with CCUS retrofits can have site constraints, such as availability of land for the capture equipment. In addition to this, the remaining plant life may not be able to justify the large expense of installing capture equipment.
In terms of value, Capture service is the major segment in the global carbon capture, utilization, and sequestration market.
Carbon capture is the first stage of the CCUS process and involves capturing CO2 from its emission source. It can be applied to any large-scale emission process, including coal-fired power generation plants; gas and oil production; and manufacturing industries, such as cement, iron, and steel. The cost of capturing CO2 is heavily dependent on technical, economic, and financial factors associated with the design and operation of the production process, along with the design and operation of the CO2 capture technology.
Oil & Gas to lead the market in the end-use industry segment of the carbon capture, utilization, and sequestration in terms of value and volume during the forecast period.
Oil & gas is the dominating end-use industry in the carbon capture, utilization, and sequestration market. The use of CCUS in natural gas processing is one of the major drivers of the CCUS market. In 2019, there were more than 24 million tons of CO2 that was captured, stored, and utilized from the oil & gas industry, and the majority of it was extracted from natural gas processing plants. As per the EIA, natural gas generation will grow at a rate of approximately 2.7% per year between 2012 and 2040, which will account for nearly 30% of the total worldwide energy generation by 2040. The deployment of CCUS in this sector will help in creating a viable pathway for a sustainable environment.
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North America held the largest market share in the carbon capture, utilization, and sequestration market in terms of value.
North America is the largest carbon capture, utilization, and sequestration market owing to the presence of multiple large-scale CCS facilities in the US and Canada. Century plant, Shute Creek Plant, BPundaryy Dam, Petra Nova Plant, ENID Fertiliser plant are some few projects that are operational in eth US and Canada. The carbon capture, utilization, and storage market in North America is expected to be driven by rising environmental concerns in the region. The US Supreme Court proposed a carbon trading scheme, named the US Clean Power Plan in February 2016. This scheme aims at curbing carbon pollution from power plants in the US. Canada, especially Western Canada, is dependent on fossil fuel industries. According to the US EPA, greenhouse gas emissions caused by human activities increased by 7% in the country from 1990 to 2014. The Canadian government has been taking initiatives to reduce carbon emission levels.
Key Market Players
The key players in the global carbon capture, utilization, and sequestration market a Royal Dutch Shell (Netherlands), Aker Solutions (Norway), Mitsubishi Heavy Industries, Ltd. (Japan), Linde PLC (UK), Hitachi, tLd.(Japan), Exxon Mobil Corporation (US), JGC Holdings Corporation (Japan), Honeywell International, Inc. (US), Halliburton (US), and Schlumberger Limited (US). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the industry. The study includes an in-depth competitive analysis of these companies in the carbon capture, utilization, and sequestration, with their company profiles, recent developments, and key market strategies.
Scope Of The Report
|
Report Metric |
Details |
|
Years considered for the study |
2018–2025 |
|
Base year |
2019 |
|
Forecast period |
2020–2025 |
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Units considered |
Value (USD Million) |
|
Segments |
Service, End-Use Industry, and Region |
|
Regions |
Europe, North America, APAC, MEA, and Latin America |
|
Companies |
Royal Dutch Shell (Netherlands), Aker Solutions (Norway), Mitsubishi Heavy Industries, Ltd. (Japan), Linde PLC (UK), Hitachi, tLd.(Japan), Exxon Mobil Corporation (US), JGC Holdings Corporation (Japan), Honeywell International, Inc. (US), Halliburton (US), and Schlumberger Limited (US). |
This research report categorizes the carbon capture, utilization, and sequestration market based on material, spacer thickness, application, industry, and region.
By Service:
- Capture
- Transportation
- Utilization
- Storage
By End-Use Industry:
- Oil & Gas
- Power Generation
- Iron & Steel
- Chemical & Petrochemical
- Cement
- Others
By Region:
- North America
- Europe
- APAC
- MEA
- Latin America
Recent Developments
- In May 2020, Royal Dutch Shell, together with Equinor ASA (Norway), and Total SE (France) have invested in the Northern Lights carbon capture and storage (CCS) project in Norway. With this investment of USD 682.3 million, the trio intends to set up a joint-venture company. This unique project opens for the decarbonization of industries with restricted opportunities for CO2 reductions.
- In November 2015, Flour Corporation signed a contract with Shell (US), wherein Flour corporation constructed Shell’s Quest Carbon Capture and Storage (CCS) project in Alberta, Canada. This project demonstrated Flour’s third-generation modular execution capabilities.
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of carbon capture, utilization, and sequestration?
The growing prominence of green buildings and the adoption of energy-efficient solutions in the construction industry is driving the carbon capture, utilization, and sequestration market.
Which is the fastest growing country for the carbon capture, utilization, and sequestration market?
China is the fastest-growing country for the carbon capture, utilization, and sequestration market on account due to the presence of major carbon capture, utilization, and sequestration manufacturers and the flourishing growth of the construction & infrastructure sector.
What are the major service type in the carbon capture, utilization, and sequestration market?
Capture, transportation, utilization, and storahge are the key services in the market.
What are the challenges in the carbon capture, utilization, and sequestration market?
Hogh cost of CO2 capture is a major challenge for the carbon capture, utilization, and sequestration market.
Which service type in the carbon capture, utilization, and sequestration market holds the largest share?
CAptrure holds the largest share in the carbon capture, utilization, and sequestration market.
What are the different end-use industries of carbon capture, utilization, and sequestration?
OPil & gas, power generation, iron & steel, chemical & petrochemical, cement, and others are the major end-use industries in the market.
Who are the manufacturers of carbon capture, utilization, and sequestration?
Royal Dutch Shell (Netherlands), Aker Solutions (Norway), Mitsubishi Heavy Industries, Ltd. (Japan), Linde PLC (UK), Hitachi, Ltd.(Japan), Exxon Mobil Corporation (US), JGC Holdings Corporation (Japan), Honeywell International, Inc. (US), Halliburton (US), and Schlumberger Limited (US) among many others, are some of the manufacturers operating in the market.
What are the major end-use industry of carbon capture, utilization, and sequestration?
Oil & gas is the major industry of carbon capture, utilization, and sequestration market.
What are the major driver for carbon capture, utilization, and sequestration?
Growing focus towards reducing CO2 emissions is driving the market.
What is the biggest restraint for carbon capture, utilization, and sequestration?
Decreasing crude oil process is hindering the growth of carbon capture, utilization, and sequestrationmarket growth. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 23)
2.1 RESEARCH DATA
FIGURE 1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 SUPPLY SIDE ANALYSIS
FIGURE 2 MARKET NUMBER ESTIMATION
2.2.2 DEMAND SIDE ANALYSIS
FIGURE 3 MARKET NUMBER ESTIMATION METHODOLOGY
2.3 DATA TRIANGULATION
FIGURE 4 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 29)
FIGURE 5 CAPTURE SERVICE DOMINATED THE MARKET IN 2019
FIGURE 6 US LED THE CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN 2019
FIGURE 7 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
4 PREMIUM INSIGHTS (Page No. - 32)
4.1 ATTRACTIVE OPPORTUNITIES IN CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET
FIGURE 8 GROWING FOCUS ON REDUCING CO2 EMISSIONS TO DRIVE THE MARKET
4.2 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET, BY SERVICE AND REGION, 2019
FIGURE 9 NORTH AMERICA AND CAPTURE SEGMENT ACCOUNTED FOR LARGEST SHARES
4.3 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET, BY END-USE INDUSTRY
FIGURE 10 OIL & GAS SEGMENT TO DOMINATE THE CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET
4.4 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET, BY KEY COUNTRIES
FIGURE 11 UK TO REGISTER THE HIGHEST CAGR
5 MARKET OVERVIEW (Page No. - 35)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET
5.2.1 DRIVERS
5.2.1.1 Growing focus on reducing CO2 emissions
5.2.1.2 Government support
5.2.1.3 Increasing demand for CO2-EOR techniques
5.2.2 RESTRAINTS
5.2.2.1 High cost of carbon capture and sequestration
5.2.2.2 Decreasing crude oil prices
5.2.3 OPPORTUNITIES
5.2.3.1 Large number of upcoming projects in APAC
5.2.3.2 Continuous investments in developing innovative capturing technologies enabling economic operations
5.2.4 CHALLENGES
5.2.4.1 Reducing CO2 capturing costs
5.2.4.2 Safety concerns at storage sites
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 13 PORTER'S FIVE FORCES ANALYSIS OF CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 PATENT ANALYSIS
5.4.1 METHODOLOGY
5.4.2 DOCUMENT TYPE
FIGURE 14 PUBLICATION TRENDS - FROM 2011 TO 2019
5.4.3 INSIGHT
FIGURE 15 JURISDICTION ANALYSIS FOR CARBON CAPTURE, UTILIZATION, AND STORAGE
5.4.4 TOP APPLICANTS OF CARBON CAPTURE, UTILIZATION, AND STORAGE
FIGURE 16 TOP APPLICANTS OF CARBON CAPTURE, UTILIZATION, AND STORAGE
5.5 TECHNOLOGY ANALYSIS
5.6 SUPPLY CHAIN ANALYSIS
5.7 COVID-19 IMPACT ANALYSIS
5.8 PRICING ANALYSIS
5.9 REGULATORY LANDSCAPE
FIGURE 17 INDUSTRIAL EMISSIONS, BY SECTOR, 2017
FIGURE 18 CO2 EMISSIONS, BY COUNTRY, 2018
6 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET, BY SERVICE (Page No. - 46)
6.1 INTRODUCTION
FIGURE 19 CAPTURE SEGMENT TO DOMINATE THE MARKET
TABLE 1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
6.2 CAPTURE
TABLE 2 CAPTURE SERVICE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 3 CAPTURE SERVICE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
6.2.1 POST COMBUSTION
6.2.1.1 Offers high CO2 capture efficiency of 99%
6.2.2 OXY-FUEL
6.2.2.1 Simplified CO2 capture in comparison to conventional processes
6.2.3 PRE COMBUSTION
6.2.3.1 Eliminates CO2 from a gas stream prior to its dilution with air or oxygen
6.3 TRANSPORTATION
6.3.1 PIPELINES EXTENSIVELY USED FOR TRANSPORTING CO2
TABLE 4 TRANSPORTATION SERVICE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
6.4 UTILIZATION
6.4.1 GROWING USAGE OF CCUS FOR EOR OPERATIONS
TABLE 5 UTILIZATION SERVICE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
6.5 STORAGE
TABLE 6 STORAGE SERVICE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
6.5.1 GEOLOGICAL STORAGE
6.5.1.1 Oil & Gas Reservoirs
6.5.1.1.1 Most efficient storage type
6.5.1.2 Unmineable Coal Beds
6.5.1.2.1 Further research required to optimize the process
6.5.1.3 Saline Aquifers
6.5.1.3.1 Less knowledge about it features compared to other storage types
6.5.2 DEEP OCEAN STORAGE
6.5.2.1 Not preferred over geological storage due to associated environmental risks
7 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET, BY END-USE INDUSTRY (Page No. - 54)
7.1 INTRODUCTION
FIGURE 20 OIL & GAS TO BE THE LARGEST END-USE INDUSTRY THROUGH 2025
TABLE 7 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION) 55
7.2 OIL & GAS
FIGURE 21 NORTH AMERICA TO LEAD THE MARKET IN THE OIL & GAS END-USE INDUSTRY
7.2.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN OIL & GAS, BY REGION
TABLE 8 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE IN OIL & GAS, BY REGION, 2018-2025 (USD MILLION)
7.3 IRON & STEEL
7.3.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN IRON & STEEL, BY REGION
TABLE 9 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE IN IRON & STEEL, BY REGION, 2018-2025 (USD MILLION)
7.4 POWER GENERATION
7.4.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN POWER GENERATION, BY REGION
TABLE 10 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE IN POWER GENERATION, BY REGION, 2018-2025 (USD MILLION)
7.5 CEMENT
7.5.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN CEMENT, BY REGION
TABLE 11 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE IN CEMENT, BY REGION, 2018-2025 (USD MILLION)
7.6 CHEMICAL & PETROCHEMICAL
7.6.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN CHEMICAL & PETROCHEMICAL, BY REGION
TABLE 12 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE IN CHEMICAL & PETROCHEMICAL, BY REGION, 2018-2025 (USD MILLION)
7.7 OTHERS
7.7.1 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET IN OTHER END-USE INDUSTRIES, BY REGION
TABLE 13 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018-2025 (USD MILLION)
8 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET, BY REGION (Page No. - 62)
8.1 INTRODUCTION
FIGURE 22 UK TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
TABLE 14 CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE,BY REGION, 2018-2025 (USD MILLION) 63
8.2 NORTH AMERICA
TABLE 15 MAJOR CCS PROJECTS IN NORTH AMERICA
FIGURE 23 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SNAPSHOT
TABLE 16 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 17 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 18 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
8.2.1 US
8.2.1.1 Growing adoption of CCUS in the chemical & petrochemical industry to drive the market
TABLE 19 US: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION) 67
8.2.2 CANADA
8.2.2.1 Increasing focus on utilization of captured CO2
TABLE 20 CANADA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.3 EUROPE
TABLE 21 MAJOR CCS PROJECTS IN EUROPE
FIGURE 24 EUROPE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SNAPSHOT
TABLE 22 EUROPE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 23 EUROPE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 24 EUROPE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
8.3.1 FRANCE
8.3.1.1 Involved in the development of the EU CCS directive
TABLE 25 FRANCE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.3.2 NETHERLANDS
8.3.2.1 PORTHOS CCS projects pose market growth opportunity
TABLE 26 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.3.3 UK
8.3.3.1 Fastest-growing market in the world
TABLE 27 UK: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION) 72
8.3.4 ITALY
8.3.4.1 Holds potential for market growth
TABLE 28 ITALY: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.3.5 NORWAY
8.3.5.1 Norway Full Chain to drive the market in the country
TABLE 29 NORWAY: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.3.6 REST OF EUROPE
TABLE 30 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.4 APAC
TABLE 31 MAJOR CCS PROJECTS IN APAC
FIGURE 25 APAC: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SNAPSHOT
TABLE 32 APAC: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 33 APAC: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 34 APAC: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
8.4.1 CHINA
8.4.1.1 Maximum emissions of CO2 in the world
TABLE 35 CHINA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.4.2 JAPAN
8.4.2.1 Home to leading companies in the CCUS ecosystem
TABLE 36 JAPAN: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.4.3 INDIA
8.4.3.1 One of the largest emitters of CO2 in the world
TABLE 37 INDIA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.4.4 AUSTRALIA
8.4.4.1 One of the most promising markets in the world
TABLE 38 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.4.5 REST OF APAC
TABLE 39 REST OF APAC: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.5 MEA
TABLE 40 MAJOR CCS PROJECTS IN THE MEA
TABLE 41 MEA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 42 MEA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 43 MEA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY COUNTRY, 2018-2025(USD MILLION)
8.5.1 UAE
8.5.1.1 Home to the world's largest iron & steel CCS project
TABLE 44 UAE: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.5.2 SAUDI ARABIA
8.5.2.1 Government supporting the implementation of CCS
TABLE 45 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.5.3 REST OF MEA
TABLE 46 REST OF MEA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
8.6 LATIN AMERICA
TABLE 47 LATIN AMERICA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
TABLE 48 LATIN AMERICA: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY END-USE INDUSTRY, 2018-2025(USD MILLION)
8.6.1 BRAZIL
8.6.1.1 Petrobras CCS facility driving the market
TABLE 49 BRAZIL: CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET SIZE, BY SERVICE, 2018-2025 (USD MILLION)
9 COMPETITIVE LANDSCAPE (Page No. - 86)
9.1 INTRODUCTION
FIGURE 26 EXPANSION AND AGREEMENT ARE THE KEY GROWTH STRATEGIES ADOPTED BETWEEN 2015 AND 2020
9.2 COMPETITIVE LEADERSHIP MAPPING
9.2.1 STAR
9.2.2 PERVASIVE
9.2.3 PARTICIPANTS
9.2.4 EMERGING LEADERS
FIGURE 27 GLOBAL CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
9.3 COMPETITIVE LEADERSHIP MAPPING (STARTUPS/SMES)
9.3.1 STAR
9.3.2 EMERGING LEADERS
9.3.3 PERVASIVE
9.3.4 PARTICIPANTS
FIGURE 28 GLOBAL CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET: COMPETITIVE LEADERSHIP MAPPING (STARTUPS/SMES), 2019
9.4 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 29 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET
9.5 BUSINESS STRATEGY EXCELLENCE
FIGURE 30 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CARBON CAPTURE, UTILIZATION, AND SEQUESTRATION MARKET
9.6 MARKET SHARE ANALYSIS
9.7 REVENUE ANALYSIS OF TOP MARKET PLAYERS
9.8 COMPETITIVE SCENARIO
9.8.1 EXPANSION
TABLE 50 EXPANSION, 2015-2020
9.8.2 AGREEMENT
TABLE 51 AGREEMENT, 2015-2020
9.8.3 ACQUISITION
TABLE 52 ACQUISITION, 2015-2020
9.8.4 PRODUCT LAUNCH/TECHNOLOGY LAUNCH
TABLE 53 PRODUCT LAUNCH/TECHNOLOGY LAUNCH, 2015-2020
9.8.5 PARTNERSHIP
TABLE 54 PARTNERSHIP, 2015-2020
9.8.6 JOINT VENTURE
TABLE 55 JOINT VENTURE, 2015-2020
9.8.7 COLLABORATION
TABLE 56 COLLABORATION, 2015-2020
9.8.8 CONTRACT
TABLE 57 CONTRACT, 2015-2020
10 COMPANY PROFILES (Page No. - 101)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Development and Growth Strategies, Development and Growth Strategies, Threat from Competition, Right to Win, and MnM View)*
10.1 ROYAL DUTCH SHELL PLC
FIGURE 31 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
FIGURE 32 ROYAL DUTCH SHELL PLC: SWOT ANALYSIS
10.2 FLUOR CORPORATION
FIGURE 33 FLUOR CORPORATION: COMPANY SNAPSHOT
FIGURE 34 FLUOR CORPORATION: SWOT ANALYSIS
10.3 MITSUBISHI HEAVY INDUSTRIES, LTD.
FIGURE 35 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
FIGURE 36 MITSUBISHI HEAVY INDUSTRIES, LTD.: SWOT ANALYSIS
10.4 LINDE PLC
FIGURE 37 LINDE PLC: COMPANY SNAPSHOT
FIGURE 38 LINDE PLC: SWOT ANALYSIS
10.5 EXXON MOBIL CORPORATION
FIGURE 39 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 40 EXXON MOBIL CORPORATION: SWOT ANALYSIS
10.6 JGC HOLDINGS CORPORATION
FIGURE 41 JGC HOLDINGS CORPORATION: COMPANY SNAPSHOT
10.7 SCHLUMBERGER LIMITED
FIGURE 42 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
10.8 AKER SOLUTIONS
FIGURE 43 AKER SOLUTIONS: COMPANY SNAPSHOT
10.9 HONEYWELL INTERNATIONAL INC.
FIGURE 44 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
10.1 HALLIBURTON
FIGURE 45 HALLIBURTON: COMPANY SNAPSHOT
10.11 HITACHI, LTD.
FIGURE 46 HITACHI, LTD.: COMPANY SNAPSHOT
10.12 SIEMENS AG
FIGURE 47 SIEMENS AG: COMPANY SNAPSHOT
10.13 GENERAL ELECTRIC
FIGURE 48 GENERAL ELECTRIC: COMPANY SNAPSHOT
10.14 TOTAL S.A.
FIGURE 49 TOTAL S.A.: COMPANY SNAPSHOT
10.15 EQUINOR ASA
FIGURE 50 EQUINOR ASA: COMPANY SNAPSHOT
10.16 OTHERS
10.16.1 C-CAPTURE LTD.
10.16.2 TANDEM TECHNICAL
10.16.3 CARBICRETE
10.16.4 CLIMEWORKS AG
10.16.5 CARBON CLEAN
10.16.6 NEWLIGHT TECHNOLOGIES, INC.
10.16.7 ELECTROCHAEA GMBH
10.16.8 CARBONFREE CHEMICALS
10.16.9 CARBON ENGINEERING, LTD.
10.16.10 GREEN MINERALS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Development and Growth Strategies, Development and Growth Strategies, Threat from Competition, Right to Win, and MnM Viewmight not be captured in case of unlisted companies.
11 APPENDIX (Page No. - 145)
11.1 DISCUSSION GUIDE
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
11.3 AVAILABLE CUSTOMIZATIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
The study involves two major activities in estimating the current size of the carbon capture, utilization, and sequestration market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The carbon capture, utilization, and sequestration market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the oil & gas and power gas sectors. Advancements in technology and diverse applications in various end-use industries describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total carbon capture, utilization, and sequestration market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall carbon capture, utilization, and sequestration market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the oil & gas, power generation, iron & steel, cement, and chemical & petrochemical industries.
Report Objectives
- To analyze and forecast the global carbon capture, utilization, and sequestration market in terms of both value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze the market segmentation and forecast the market size on the basis of service and end-use industry
- To analyze and forecast the market size on five main regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and Latin America
- To strategically analyze the markets with respect to individual growth trends, future prospects, and contribution to the global market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape of market leaders
- To analyze competitive development strategies, such as acquisition, new product launch, and expansion in the market
- To strategically profile key players and comprehensively analyze their market shares and core competencies*
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of Rest of APAC carbon capture, utilization, and sequestration market
- Further breakdown of Rest of European carbon capture, utilization, and sequestration market
- Further breakdown of Rest of North American carbon capture, utilization, and sequestration market
- Further breakdown of Rest of MEA carbon capture, utilization, and sequestration market
- Further breakdown of Rest of Latin American carbon capture, utilization, and sequestration market
Company Information
- Detailed analysis and profiling of additional market players (up to 10)
Get in-depth analysis of the COVID-19 impact on the Carbon Capture, Utilization, and Storage Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Carbon Capture, Utilization, and Storage Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Carbon Capture, Utilization, and Storage Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Carbon Capture, Utilization, and Storage Market