Carbon Capture, Utilization, and Storage Market

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Carbon Capture, Utilization, and Storage Market by Service (Capture, Transportation, Utilization, Storage), Technology (Chemical Looping, Solvents & Sorbent, Bio-Energy CCS, Direct Air Capture), End-Use Industry, and Region - Global Forecast to 2027

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Report Code: CH 7763 Sep, 2022, by marketsandmarkets.com

[257 Pages Report] The global carbon Capture, Utilization, and Storage market size is projected to grow from USD 2.4 billion in 2022 to USD 4.9 billion by 2027, at a CAGR of 15.1% during the forecast period. The demand from the construction industry is expected to drive the growth of the market during the forecast period between 2022 to 2027. However, factory shutdowns, interrupted supply chains, and reduced demand from end-use industries has negatively affected the carbon capture, utilization, and storage market.

Attractive Opportunities in the Carbon Capture, Utilization, and Storage Market

Carbon Capture, Utilization, and Storage Market

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Carbon Capture, Utilization, and Storage Market Dynamics

Driver: Rising environmental awareness to increase natural gas demand

Stringent environmental norms and regulations are also boosting the demand for carbon capture, utilization, and storage. The most important energy fuel sources prevailing globally are gasoline, diesel, petroleum products, and natural gas. The exploration and production of these fuels are harmful and risk the environment. Still, natural gas is considered the alternative fuel for sustainable development as it reduces carbon emissions, slows down global warming, and lessens GHG emissions. In order to minimize the risks associated with the usage of gasoline or diesel as a fuel and promote the usage of natural gas, the US government has set up various rules and regulations. Countries with major natural gas reserves are looking at the advantages of using carbon capture, utilization, and storage, resulting in lower carbon emissions.

China and the US, countries with a major contribution to the global GHG emissions, entered into a collaboration in 2010—The US-China Energy Cooperation Program. This global climate agreement includes action plans on clean energy, energy efficiency, and climate change. According to the Energy Information Administration and Institute of Energy Economics Japan, world energy consumption will increase by 50% by 2035, leading to an increased demand for carbon capture, utilization, and storage.

Restraint: Safety concerns over storage techniques and sites to restrict the market growth

The leakage of CO2 is one of the major issues while storing CO2 under the Earth’s surface. The leakage of CO2 can result in the contamination of water, acidification of soils, alteration of groundwater, and cryogenic burns. Hence, proper site selection for CO2 storage is the major factor for determining the magnitude and likelihood of risks. CO2 injected underground can later break through multiple channels, including geological features, such as fractures in the rock. Another problem can be leakage through wells. Both active and abandoned wells can be ways of CO2 leakage and can take the form of either well blowouts or continuous leakage.

Continuous leakage is a slow leakage due to improper well construction, such as cement degradation or failures in casing and well blowouts that are generally abrupt events arising when the pressure control fails. Though well blowout is a rare incident, it can result in rapid leakage and could have serious consequences to the environment, potentially triggering the death of humans and animals. There is a possibility for CO2 to leak from storage points as well. Such leakage could occur if the seal at the point of the storage fails, which will result in the release of sequestered CO2.

Opportunity: Increasing project announcements in Asia Pacific region to create lucrative opportunities for the market

Current and upcoming projects of carbon capture, utilization, and storage in the Asia Pacific region have created opportunities for market players. China and Australia are the early adopters of carbon capture, utilization, and storage in the region. Other than Australia and China, South Korea and India also focus on adopting carbon capture, utilization, and storage.

South Korea has already taken a step toward carbon capture, utilization, and storage in the Korea CCS 1&2 project, which is currently in an early developmental stage. Moreover, in 2016, India initiated the operation of carbon capture and utilization system, which was capable of capturing 60,000 tons of C02 per year from coal-fired power plants. Furthermore, various projects in China, including CHEERS (Chinese-European Emission-Reducing Solutions), Huaneng GreenGen, and Sinopec Qilu Petrochemical, are expected to start in the coming few years.

Challenge: Reducing carbon capturing cost to be a major challenge for market growth

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 investing significant resources to intensify R&D initiatives. Carbon capture, utilization, and storage system can be installed in new energy utilization plants or retrofitted to existing plants. If CO2 capture is to be introduced rapidly, it needs to be retrofitted to existing plants. However, some complications can hamper this approach. Plants with carbon capture, utilization, and storage retrofits can have site constraints, such as the 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. Also, older plants are likely to have low energy efficiencies, and including a carbon capture system will have a proportionally greater monetary impact on the output. Hence, these factors limit the potential usage of carbon capture, utilization, and storage. It is highly desirable to decrease this cost to expand the current horizon of carbon capture, utilization, and storage.

Post-combustion to be dominant technology in capture service of the carbon capture, utilization, and storage market, in terms of value and volume

The capture of CO2 from flue gases generated by the combustion of fossil fuels and biomass in the air is described as post-combustion capture. Rather than being discharged directly to the atmosphere, flue gas is passed through an equipment that separates most CO2. This separated CO2 is supplied to a storage reservoir, and the remaining flue gas is released into the atmosphere. Normally, a chemical sorbent process is used for CO2 separation. An array of different techniques is available for capturing CO2 through the post-combustion process, including the use of solvents, sorbents, and membranes.

Apart from this, hybrid technology is also used, which involves a combination of fine separation (e.g., solvent) and bulk separation (e.g., membrane) processes to utilize the advantages of each separation technology or novel process intensification (e.g., cryogenic CO2 capture, supersonic flue gas de-sublimation), which significantly reduces footprints and capital costs.

Bio-energy CCS accounted for the third-largest market share, in terms of value and volume

Bio-energy CCS (BECCS) is a process of utilizing biomass to capture and store carbon from the atmosphere, which is then used in various processes such as combustion, fermentation, and pyrolysis to extract energy in useful forms like heat, electricity, and biofuels. The captured carbon, through the conversion process, is then can be sequestrated in land fillings or can be utilized for the production of other chemicals. The major factor that influences the implementation of bio-energy CCS is it results in negative carbon emissions as it generally consumes carbon from the atmosphere and releases it in a controlled environment, where it can be tapped and utilized for multiple purposes. The major challenge in implementing BECCS technology is that it needs a suitable geographic location to build the combustion and sequestration plant. It is likely to be situated near the source of biomass with less transportation requirements as the carbon emission during bio-mass transportation can make the combustion process less efficient.

Majority of CO2 extracted from natural gas plants in Oil & gas end-use industry segment of carbon capture, utilization, and storage market, in terms of value and volume

Carbon capture and storage is an innovative technology capable of achieving considerable reductions in CO2 emissions to minimize the environmental impact of industrial processes worldwide. The use of carbon capture, utilization, and storage in oil & gas processing is one of the major drivers of the carbon capture, utilization, and storage market. In 2021, the majority of CO2 was extracted from natural gas processing plants. As per the EIA, natural gas generation will grow at approximately 2.7% per year between 2012 and 2040, accounting for nearly 30% of worldwide energy generation by 2040. The deployment of carbon capture, utilization, and storage in this sector will help create a viable pathway for a sustainable environment.

Carbon Capture, Utilization, and Storage Market by Region

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Asia Pacific is the second-largest market in the carbon capture, utilization, and storage market

Asia Pacific is one of the key markets for carbon capture, utilization, and storage. The large number of coal-fired and natural gas-fired power plants is expected to drive the carbon capture, utilization, and storage market in the region. China is the second-largest economy in the world. According to the US Environmental Protection Agency, China is considered the top emitter of greenhouse gases.

Europe is the fastest-growing market, primarily driven by the upcoming CCUS projects in the UK, such as the CLEAN GAS Project and Caledonia Clean Project, which are expected to start functioning before 2025 and the Norway Full Chain Project in Norway, which is expected to begin by 2024.

Key Market Players

Some of the key players in the global carbon capture, utilization, and storage market are such as Royal Dutch Shell (Netherlands), Fluor Corporation (US), Mitsubishi Heavy Industries, Ltd. (Japan), Exxon Mobil Corporation (US), and Linde Plc (UK), JGC Holdings (Japan), Schlumberger Ltd (US), Aker Solutions (Norway), Honeywell International (US), Equinor ASA (Norway).

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the carbon capture, utilization, and storage industry. The study includes an in-depth competitive analysis of these key players in the carbon capture, utilization, and storage market, with their company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metric

Details

Years considered for the study

2018–2021

Base year

2021

Forecast period

2022–2027

Units considered

Value (USD million/ USD Billion), Volume (Kiloton)

Segments

Service, Technology, End-Use Industry and Region

Regions

Europe, North America, APAC, MEA, and South America

Companies

Royal Dutch Shell (Netherlands), Fluor Corporation (US), Mitsubishi Heavy Industries, Ltd. (Japan), Exxon Mobil Corporation (US), and Linde Plc (UK), JGC Holdings (Japan), Schlumberger Ltd (US), Aker Solutions (Norway), Honeywell International (US), Equinor ASA (Norway).

This research report categorizes the carbon Capture, Utilization, and Storage market based on resin type, manufacturing process, application, and region.

By Service:

  • Capture
  • Transportation
  • Utilization
  • Storage

By Technology:

  • Chemical Looping
  • Solvents & Sorbents
  • Bio-Energy CCS
  • Direct Air Capture

By End-User:

  • Oil & Gas
  • Power Generation
  • Chemicals & Petrochemicals
  • Cement
  • Iron & Steel
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In August 2022, Shell PLC took over Sprang Energy group, which is a renewable energy company aiming to lower carbon emissions. This acquisition is aimed at boosting the carbon capture and storage potential of Shell PLC and improving its market share.
  • In June 2022, ExxonMobil Corporation, Shell & Guangdong Provincial Development & Reform Commission will work together to evaluate the potential for carbon capture and storage project at Dayawan petrochemical industrial park in Huizhou, China.
  • In November 2021, ExxonMobil Corporation and Petronas signed a memorandum of understanding, will jointly explore potential carbon capture and storage project in Malaysia.
  • In May 2020, Royal Dutch Shell, together with Equinor ASA (Norway) and TotalEnergies SE (France), invested USD 682.3 million in the Northern Lights carbon capture and storage (carbon capture, utilization, and storage) project in Norway. With this investment, the trio intends to set up a joint-venture company.
  • In November 2019, ExxonMobil Corporation and FuelCell Energy (US) signed a new, two-year expanded joint-development agreement for USD 60 million to improve carbonate fuel cell technology further to capture CO2 from industrial facilities. The agreement focuses on efforts for optimizing the core technology, overall process integration, and large-scale deployment of carbon capture solutions.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 38)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE
          FIGURE 1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 RESEARCH LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA
          FIGURE 2 CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) MARKET: RESEARCH DESIGN
    2.2 BASE NUMBER CALCULATION
           2.2.1 MARKET SIZE ESTIMATION
           2.2.2 MARKET SIZE CALCULATION, BY END-USE INDUSTRY
    2.3 FORECAST NUMBER CALCULATION
           2.3.1 SECONDARY DATA
                    2.3.1.1 Key data from secondary sources
           2.3.2 PRIMARY DATA
                    2.3.2.1 Key data from primary sources
                    2.3.2.2 Primary interviews – Top players in carbon capture, utilization, and storage
                    2.3.2.3 Breakdown of primary interviews
                    2.3.2.4 Key industry insights
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION
          FIGURE 5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: DATA TRIANGULATION
    2.6 FACTOR ANALYSIS
    2.7 ASSUMPTIONS
    2.8 MARKET GROWTH FORECAST
    2.9 LIMITATIONS
    2.10 RISKS ASSOCIATED WITH CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET

3 EXECUTIVE SUMMARY (Page No. - 54)
    FIGURE 6 CARBON CAPTURE SERVICE DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2021
    FIGURE 7 OIL & GAS DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2021
    FIGURE 8 SOLVENTS & SORBENTS TECHNOLOGY DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2021
    FIGURE 9 UK TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 EUROPE TO REGISTER HIGHEST GROWTH IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET

4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
          FIGURE 11 SIGNIFICANT GROWTH EXPECTED IN GLOBAL CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD
    4.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
          FIGURE 12 CAPTURE SERVICE DOMINATED OVERALL MARKET IN 2021
    4.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
          FIGURE 13 OIL & GAS SEGMENT DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    4.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
          FIGURE 14 SOLVENTS & SORBENTS TECHNOLOGY HELD LARGEST SHARE IN 2021
    4.5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET GROWTH, BY KEY COUNTRIES
          FIGURE 15 MARKET IN UK TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing focus on reducing CO2 emissions
                                TABLE 1 ZERO EMISSION TARGET OF MAJOR COUNTRIES
                    5.2.1.2 Increasing demand for CO2 in EOR
                    5.2.1.3 Rising environmental awareness to increase natural gas demand
           5.2.2 RESTRAINTS
                    5.2.2.1 High capital cost of carbon capture and storage
                    5.2.2.2 Safety concerns over storage techniques and sites
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing investments in developing newer and efficient technology for carbon capture, storage, and transportation
                    5.2.3.2 Increasing number of projects in Asia Pacific
                    5.2.3.3 Incorporation of large-scale hydrogen projects
                                TABLE 2 LIST OF PROPOSED HYDROGEN PROJECTS
           5.2.4 CHALLENGES
                    5.2.4.1 High CAPEX for CCUS
                    5.2.4.2 Reducing carbon capturing cost
    5.3 PORTER'S FIVE FORCE ANALYSIS
          FIGURE 17 PORTER’S FIVE FORCE ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 PORTER’S FIVE FORCE ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    5.4 TECHNOLOGY ANALYSIS
    5.5 ECOSYSTEM: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
          TABLE 4 ECOSYSTEM: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    5.6 VALUE CHAIN ANALYSIS
          FIGURE 18 VALUE CHAIN ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
           5.6.1 SOURCE CHARACTERIZATION
           5.6.2 CAPTURE/SEPARATION
           5.6.3 PURIFICATION, COMPRESSION, AND TRANSPORTATION
           5.6.4 UTILIZATION/STORAGE
    5.7 KEY STAKEHOLDERS & BUYING CRITERIA
           5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 19 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
                    TABLE 5 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
           5.7.2 BUYING CRITERIA
                    FIGURE 20 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
                    TABLE 6 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
    5.8 PRICING ANALYSIS
           5.8.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY END-USE INDUSTRY
                    FIGURE 21 AVERAGE SELLING PRICE OF KEY PLAYERS FOR TOP 3 END-USE INDUSTRIES
                    TABLE 7 AVERAGE SELLING PRICE OF KEY PLAYERS, BY END-USE INDUSTRY (USD/KG)
    5.9 AVERAGE SELLING PRICE
          TABLE 8 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: AVERAGE SELLING PRICE
    5.10 KEY MARKETS FOR IMPORT/EXPORT
           5.10.1 US
           5.10.2 CHINA
           5.10.3 SAUDI ARABIA
           5.10.4 NORWAY
           5.10.5 AUSTRALIA
    5.11 PATENT ANALYSIS
           5.11.1 INTRODUCTION
           5.11.2 METHODOLOGY
           5.11.3 DOCUMENT TYPE
                     TABLE 9 GRANTED PATENTS ACCOUNT FOR 22% OF ALL PATENTS FROM 2011 TO 2021
                     FIGURE 22 PATENT PUBLICATION TRENDS, 2011-2021
           5.11.4 INSIGHTS
           5.11.5 LEGAL STATUS OF PATENTS
                     FIGURE 23 LEGAL STATUS OF PATENTS
                     FIGURE 24 JURISDICTION ANALYSIS
           5.11.6 ANALYSIS OF TOP APPLICANTS
                     FIGURE 25 TOP APPLICANTS OF PATENTS
           5.11.7 LIST OF PATENTS BY LANZATECH NEW ZEALAND LIMITED
                     TABLE 10 LIST OF PATENTS BY ALSTOM TECHNOLOGY LTD.
                     TABLE 11 LIST OF PATENTS BY EXXONMOBIL RESEARCH & ENGINEERING COMPANY
                     TABLE 12 TOP TEN PATENT OWNERS (US) IN LAST 10 YEARS
    5.12 KEY CONFERENCES & EVENTS IN 2022–2023
           TABLE 13 DETAILED LIST OF CONFERENCES & EVENTS RELATED TO CARBON CAPTURE, UTILIZATION, AND STORAGE MARKETS
    5.13 CASE STUDY ANALYSIS
    5.14 TARIFF AND REGULATIONS
           TABLE 14 CURRENT CODES FOR CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS

6 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE (Page No. - 84)
    6.1 INTRODUCTION
          FIGURE 26 CAPTURE SERVICE TO DOMINATE OVERALL CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
          TABLE 15 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
          TABLE 16 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
          TABLE 17 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
          TABLE 18 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
    6.2 CAPTURE
           6.2.1 POST-COMBUSTION TO BE DOMINANT TECHNOLOGY IN CAPTURE SERVICE
                    FIGURE 27 NORTH AMERICA TO DOMINATE CARBON CAPTURE MARKET
                    TABLE 19 CARBON CAPTURE SERVICE MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 20 CARBON CAPTURE SERVICE MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 21 CARBON CAPTURE SERVICE MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 22 CARBON CAPTURE SERVICE MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
           6.2.2 CAPTURE, BY TECHNOLOGY
                    FIGURE 28 POST-COMBUSTION CAPTURE TECHNOLOGY TO LEAD MARKET BETWEEN 2022 AND 2027
                    TABLE 23 CARBON CAPTURE SERVICE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 24 CARBON CAPTURE SERVICE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 25 CARBON CAPTURE SERVICE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 26 CARBON CAPTURE SERVICE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
                    6.2.2.1 POST-COMBUSTION
                               6.2.2.1.1 Offers high CO2 capture efficiency of 99%
                    6.2.2.2 OXY-FUEL
                               6.2.2.2.1 Simplified CO2 capture compared with conventional processes
                    6.2.2.3 Pre-combustion
                               6.2.2.3.1 Eliminates CO2 from gas stream prior to dilution with air or oxygen
    6.3 TRANSPORTATION
           6.3.1 PIPELINE TO BE MOST PREFERRED MODE OF CO2 TRANSPORTATION
                    FIGURE 29 EUROPE TO BE FASTEST-GROWING MARKET FOR TRANSPORTATION SERVICE
                    TABLE 27 CARBON TRANSPORTATION SERVICE MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 28 CARBON TRANSPORTATION SERVICE MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 29 CARBON TRANSPORTATION SERVICE MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 30 CARBON TRANSPORTATION SERVICE MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    6.4 UTILIZATION
           6.4.1 EOR USING CO2 FROM CAPTURE PROCESSES PROJECTED TO INCREASE CO2 UTILIZATION
                    FIGURE 30 EUROPE TO DOMINATE UTILIZATION MARKET DURING FORECAST PERIOD
                    TABLE 31 CARBON UTILIZATION SERVICE MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 32 CARBON UTILIZATION SERVICE MARKET SIZE, BY REGION 2022–2027 (USD MILLION)
                    TABLE 33 CARBON UTILIZATION SERVICE MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 34 CARBON UTILIZATION SERVICE MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    6.5 STORAGE
           6.5.1 GEOLOGICAL STORAGE MOST PREFERRED METHOD OF CO2 STORAGE
                    FIGURE 31 EUROPE TO BE FASTEST-GROWING MARKET FOR STORAGE SERVICE
                    TABLE 35 CARBON STORAGE SERVICE MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 36 CARBON STORAGE SERVICE MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 37 CARBON STORAGE SERVICE MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 38 CARBON STORAGE SERVICE MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
           6.5.2 STORAGE SERVICE, BY TECHNOLOGY
                    FIGURE 32 GEOLOGICAL STORAGE TO DOMINATE STORAGE SERVICE MARKET
                    TABLE 39 CARBON STORAGE SERVICE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 40 CARBON STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 41 CARBON STORAGE SERVICE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 42 CARBON STORAGE SERVICE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
           6.5.3 GEOLOGICAL STORAGE
                    6.5.3.1 OIL & GAS RESERVOIRS
                               6.5.3.1.1 Most efficient storage type
                    6.5.3.2 UN-MINEABLE COAL BEDS
                               6.5.3.2.1 Research related to optimization required
                    6.5.3.3 Saline aquifers
                               6.5.3.3.1 Less knowledge about saline aquifer's features compared with other storage types
           6.5.4 DEEP OCEAN STORAGE
                    6.5.4.1 Less preferred over geological storage due to environmental risks involved

7 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY (Page No. - 101)
    7.1 INTRODUCTION
          FIGURE 33 SOLVENTS & SORBENTS DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2022
          TABLE 43 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
          TABLE 44 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
          TABLE 45 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
          TABLE 46 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
    7.2 CHEMICAL LOOPING
           7.2.1 EUROPE TO BE FASTEST-GROWING MARKET FOR CHEMICAL LOOPING
                    FIGURE 34 NORTH AMERICA TO DOMINATE MARKET FOR CHEMICAL LOOPING TECHNOLOGY
                    TABLE 47 CHEMICAL LOOPING TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 CHEMICAL LOOPING TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 49 CHEMICAL LOOPING TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 50 CHEMICAL LOOPING TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    7.3 SOLVENTS & SORBENTS
           7.3.1 NORTH AMERICA DOMINATES MARKET FOR THIS SEGMENT
                    FIGURE 35 EUROPE TO BE FASTEST-GROWING MARKET FOR SOLVENTS & SORBENTS TECHNOLOGY
                    TABLE 51 SOLVENTS & SORBENTS TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 52 SOLVENTS & SORBENTS TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 53 SOLVENTS & SORBENTS TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 54 SOLVENTS & SORBENTS TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    7.4 BIO-ENERGY CCS
           7.4.1 USING BIOMASS TO STORE CARBON OFFERS STABILITY OF MORE THAN 1000 YEARS
                    FIGURE 36 EUROPE TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
                    TABLE 55 BIO-ENERGY CCS TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 56 BIO-ENERGY CCS TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 57 BIO-ENERGY CCS TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 58 BIO-ENERGY CCS TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    7.5 DIRECT AIR CAPTURE
           7.5.1 MIDDLE EAST & AFRICA TO BE FASTEST-GROWING MARKET FOR DIRECT AIR CAPTURE
                    FIGURE 37 NORTH AMERICA TO DOMINATE DIRECT AIR CAPTURE TECHNOLOGY MARKET DURING FORECAST PERIOD
                    TABLE 59 DIRECT AIR CAPTURE TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 60 DIRECT AIR CAPTURE TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 61 DIRECT AIR CAPTURE TECHNOLOGY MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
                    TABLE 62 DIRECT AIR CAPTURE TECHNOLOGY MARKET SIZE, BY REGION, 2022–2027 (KILOTON)

8 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY (Page No. - 113)
    8.1 INTRODUCTION
          FIGURE 38 OIL & GAS INDUSTRY DOMINATES CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
          TABLE 63 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
          TABLE 64 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
          TABLE 65 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
          TABLE 66 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (KILOTON)
    8.2 OIL & GAS
           8.2.1 CO2 MOSTLY EXTRACTED FROM NATURAL GAS PLANTS
                    FIGURE 39 EUROPE TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
                    TABLE 67 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL & GAS, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 68 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL & GAS, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 69 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL & GAS, BY REGION, 2018–2021 (KILOTON)
                    TABLE 70 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL & GAS, BY REGION, 2022–2027 (KILOTON)
    8.3 POWER GENERATION
           8.3.1 FOSSIL FUEL POWER PLANTS SIGNIFICANTLY CONTRIBUTE TO CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
                    FIGURE 40 EUROPE TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
                    TABLE 71 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 72 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 73 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION, BY REGION, 2018–2021 (KILOTON)
                    TABLE 74 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION, BY REGION, 2022–2027 (KILOTON)
    8.4 CHEMICAL & PETROCHEMICAL
           8.4.1 AMMONIA PRODUCTION PLANTS CONTRIBUTE SIGNIFICANTLY TO CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
                    FIGURE 41 NORTH AMERICA TO DOMINATE MARKET DURING FORECAST PERIOD
                    TABLE 75 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CHEMICAL & PETROCHEMICAL, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 76 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CHEMICAL & PETROCHEMICAL, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 77 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CHEMICAL & PETROCHEMICAL, BY REGION, 2018–2021 (KILOTON)
                    TABLE 78 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CHEMICAL & PETROCHEMICAL, BY REGION, 2022–2027 (KILOTON)
    8.5 CEMENT
           8.5.1 GOVERNMENT REGULATIONS FORCING CEMENT INDUSTRY TO ADOPT CARBON CAPTURE TECHNOLOGY
                    FIGURE 42 EUROPE TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
                    TABLE 79 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CEMENT, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 80 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CEMENT, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 81 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CEMENT, BY REGION, 2018–2021 (KILOTON)
                    TABLE 82 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN CEMENT, BY REGION, 2022–2027 (KILOTON)
    8.6 IRON & STEEL
           8.6.1 STEEL INDUSTRY ACCOUNTS FOR LARGE SHARE OF ANTHROPOGENIC CO2 EMISSIONS
                    FIGURE 43 EUROPE TO GROW AT FASTEST RATE DURING FORECAST PERIOD
                    TABLE 83 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN IRON & STEEL, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 84 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN IRON & STEEL, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 85 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN IRON & STEEL, BY REGION, 2018–2021 (KILOTON)
                    TABLE 86 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN IRON & STEEL, BY REGION, 2022–2027 (KILOTON)
    8.7 OTHERS
          FIGURE 44 NORTH AMERICA TO BE DOMINANT MARKET DURING FORECAST PERIOD
          TABLE 87 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)
          TABLE 88 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2022–2027 (USD MILLION)
          TABLE 89 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2018–2021 (KILOTON)
          TABLE 90 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2022–2027 (KILOTON)

9 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION (Page No. - 129)
    9.1 INTRODUCTION
          FIGURE 45 UK TO REGISTER HIGHEST GROWTH BETWEEN 2022 AND 2027
          TABLE 91 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
          TABLE 92 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
          TABLE 93 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2018–2021 (KILOTON)
          TABLE 94 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2022–2027 (KILOTON)
    9.2 NORTH AMERICA
          FIGURE 46 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT
           9.2.1 NORTH AMERICA CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 95 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                    TABLE 96 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                    TABLE 97 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                    TABLE 98 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
           9.2.2 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 99 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 100 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 101 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                    TABLE 102 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (KILOTON)
           9.2.3 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 103 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 104 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 105 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 106 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
           9.2.4 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 107 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 108 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 109 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
                    TABLE 110 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
                    9.2.4.1 US
                               9.2.4.1.1 Government support for implementation CCUS driving market
                                              TABLE 111 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 112 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 113 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 114 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.2.4.2 Canada
                               9.2.4.2.1 Carbon storage projects driving CCUS market
                                              TABLE 115 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 116 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 117 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 118 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.2.4.3 Mexico
                               9.2.4.3.1 Need for transportation of carbon to offshore storage facilities driving market
                                              TABLE 119 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 120 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 121 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 122 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
    9.3 EUROPE
          FIGURE 47 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT
           9.3.1 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 123 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                    TABLE 124 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                    TABLE 125 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                    TABLE 126 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
           9.3.2 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 127 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 128 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 129 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                    TABLE 130 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (KILOTON)
           9.3.3 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 131 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 132 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 133 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 134 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
           9.3.4 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 135 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 136 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 137 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
                    TABLE 138 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
                    9.3.4.1 Norway
                               9.3.4.1.1 Increase in demand for natural gas for power generation to drive market
                                              TABLE 139 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 140 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 141 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 142 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.3.4.2 UK
                               9.3.4.2.1 New regulations announced by government to boost CCUS market growth
                                              TABLE 143 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 144 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 145 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 146 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.3.4.3 France
                               9.3.4.3.1 Announcement of new projects to boost market
                                              TABLE 147 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 148 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 149 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 150 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.3.4.4 Netherlands
                               9.3.4.4.1 Transportation segment expected to grow fast owing to CATO-2 project in Netherlands
                                              TABLE 151 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 152 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 153 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 154 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.3.4.5 Italy
                               9.3.4.5.1 Capture segment dominates overall market
                                              TABLE 155 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 156 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 157 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 158 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.3.4.6 Rest of Europe
                               9.3.4.6.1 Major projects aimed at utilizing captured carbon driving market
                                              TABLE 159 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 160 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 161 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 162 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
    9.4 ASIA PACIFIC
          FIGURE 48 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT
           9.4.1 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 163 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                    TABLE 164 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                    TABLE 165 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                    TABLE 166 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
           9.4.2 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 167 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 168 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 169 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                    TABLE 170 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (KILOTON)
           9.4.3 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 171 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 172 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 173 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 174 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
           9.4.4 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 175 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 176 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 177 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
                    TABLE 178 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
                    9.4.4.1 Australia
                               9.4.4.1.1 Transportation segment to witness high growth
                                              TABLE 179 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 180 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 181 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 182 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.4.4.2 China
                               9.4.4.2.1 Collaboration of Chinese government with various companies and organizations to drive market
                                              TABLE 183 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 184 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 185 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 186 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.4.4.3 India
                               9.4.4.3.1 Industrialization and emission regulations to drive market in India
                                              TABLE 187 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 188 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 189 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 190 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.4.4.4 Japan
                               9.4.4.4.1 Availability of major technology providers and strong industrial base supporting market growth
                                              TABLE 191 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 192 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 193 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 194 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.4.4.5 Rest of Asia Pacific
                               9.4.4.5.1 Upcoming projects in South Korea to significantly fuel market
                                              TABLE 195 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 196 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 197 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 198 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
    9.5 MIDDLE EAST & AFRICA
           9.5.1 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 199 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                    TABLE 200 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                    TABLE 201 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                    TABLE 202 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
           9.5.2 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 203 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 204 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 205 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                    TABLE 206 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (KILOTON)
           9.5.3 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 207 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 208 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 209 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 210 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
           9.5.4 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 211 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 212 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION
                    TABLE 213 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
                    TABLE 214 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
                    9.5.4.1 UAE
                               9.5.4.1.1 Carbon utilization for EOR driving market in UAE
                                              TABLE 215 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 216 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 217 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 218 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.5.4.2 Saudi Arabia
                               9.5.4.2.1 Utilization of carbon for EOR applications driving market
                                              TABLE 219 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 220 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 221 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 222 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.5.4.3 Rest of Middle East & Africa
                               9.5.4.3.1 New projects expected to be operational by 2025 to improve market
                                              TABLE 223 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 224 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 225 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 226 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
    9.6 SOUTH AMERICA
           9.6.1 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 227 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                    TABLE 228 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                    TABLE 229 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                    TABLE 230 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
           9.6.2 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 231 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 232 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
                    TABLE 233 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)
                    TABLE 234 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (KILOTON)
           9.6.3 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE, BY TECHNOLOGY
                    TABLE 235 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                    TABLE 236 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                    TABLE 237 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2018–2021 (KILOTON)
                    TABLE 238 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY TECHNOLOGY, 2022–2027 (KILOTON)
           9.6.4 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 239 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 240 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 241 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)
                    TABLE 242 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2022–2027 (KILOTON)
                    9.6.4.1 Brazil
                               9.6.4.1.1 Transportation to be fastest-growing segment in overall market
                                              TABLE 243 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 244 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 245 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 246 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.6.4.2 Argentina
                               9.6.4.2.1 Capture segment to dominate overall market during forecast period
                                              TABLE 247 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 248 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 249 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 250 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)
                    9.6.4.3 Chile
                               9.6.4.3.1 Utilization of captured carbon in chemical and other industries driving market
                    9.6.4.4 Rest of South America
                               9.6.4.4.1 Introduction of new emission regulations fueling market
                                              TABLE 251 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (USD MILLION)
                                              TABLE 252 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (USD MILLION)
                                              TABLE 253 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2018–2021 (KILOTON)
                                              TABLE 254 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2022–2027 (KILOTON)

10 COMPETITIVE LANDSCAPE (Page No. - 197)
     10.1 INTRODUCTION
     10.2 MARKET SHARE ANALYSIS
             FIGURE 49 SHARES OF TOP COMPANIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
             TABLE 255 DEGREE OF COMPETITION: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
     10.3 MARKET RANKING
             FIGURE 50 RANKING OF TOP FIVE PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
     10.4 MARKET EVALUATION FRAMEWORK
             TABLE 256 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: NEW PRODUCT LAUNCHES (2018–2022)
             TABLE 257 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: DEALS (2018–2022)
             TABLE 258 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OTHERS (2018–2022)
     10.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS
             FIGURE 51 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: REVENUE ANALYSIS OF TOP PLAYERS
     10.6 COMPANY EVALUATION MATRIX
             TABLE 259 COMPANY PRODUCT FOOTPRINT
             TABLE 260 COMPANY END-USE INDUSTRY FOOTPRINT
             TABLE 261 COMPANY REGION FOOTPRINT
             10.6.1 STRENGTH OF PRODUCT PORTFOLIO
                        FIGURE 52 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
             10.6.2 BUSINESS STRATEGY EXCELLENCE
                        FIGURE 53 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
     10.7 COMPETITIVE LANDSCAPE MAPPING
             10.7.1 STARS
             10.7.2 PERVASIVE PLAYERS
             10.7.3 PARTICIPANTS
             10.7.4 EMERGING LEADERS
                        FIGURE 54 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2021
     10.8 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX
             10.8.1 PROGRESSIVE COMPANIES
             10.8.2 RESPONSIVE COMPANIES
             10.8.3 DYNAMIC COMPANIES
             10.8.4 STARTING BLOCKS
                        FIGURE 55 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2021

11 COMPANY PROFILES (Page No. - 213)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
     11.1 KEY COMPANIES
             11.1.1 FLUOR CORPORATION
                        TABLE 262 FLUOR CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 FLUOR CORPORATION: COMPANY SNAPSHOT
             11.1.2 EXXONMOBIL CORPORATION
                        TABLE 263 EXXONMOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
             11.1.3 LINDE PLC
                        FIGURE 58 LINDE PLC: COMPANY SNAPSHOT
             11.1.4 SHELL PLC
                        FIGURE 59 SHELL PLC: COMPANY SNAPSHOT
             11.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD.
                        FIGURE 60 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
             11.1.6 JGC HOLDINGS CORPORATION
                        TABLE 267 JGC HOLDINGS CORPORATION: COMPANY OVERVIEW
                        FIGURE 61 JGC HOLDINGS CORPORATION: COMPANY SNAPSHOT
             11.1.7 SCHLUMBERGER LIMITED
                        FIGURE 62 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
             11.1.8 AKER SOLUTIONS
                        FIGURE 63 AKER SOLUTIONS: COMPANY SNAPSHOT
             11.1.9 HONEYWELL INTERNATIONAL
                        FIGURE 64 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
             11.1.10 EQUINOR ASA
                        FIGURE 65 EQUINOR ASA: COMPANY SNAPSHOT
     11.2 OTHER PLAYERS
             11.2.1 SUZHOU JINHONG GAS CO., LTD.
             11.2.2 CARBON COLLECT
             11.2.3 E.N.I. S.P.A.
             11.2.4 DRAX GROUP
             11.2.5 CARBON CLEAN
             11.2.6 CARBFIX
             11.2.7 CARBON ENGINEERING

*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 251)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
     12.3 CUSTOMIZATION OPTIONS
     12.4 RELATED REPORT
     12.5 AUTHOR DETAILS

The study involves two major activities in estimating the current size of the carbon Capture, Utilization, and Storage 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, information has been sourced from annual reports, press releases & investor presentations of companies; white papers; certified publications; trade directories; articles from recognized authors; and databases. Secondary research has been used to obtain critical information about the industry's value chain, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level, and regional markets. These have also been utilized to obtain information about the key developments from a market-oriented perspective. Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the total pool of players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

The stakeholders in the value chain of the carbon capture, utilization, and storage market include raw material suppliers, processors, end-product manufacturers, and end users. Various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Primary sources from the demand side include key opinion leaders from various end-use industries in the carbon capture, utilization, and storage market. Primary sources from the supply side include experts from companies involved in carbon capture, utilization, and storage.

Following is the breakdown of primary respondents:

Carbon Capture, Utilization, and Storage Market Size, and Share

Notes: Tiers of companies are selected based on their ownership and revenues in 2021.

Others include sales managers, marketing managers, and product managers.

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

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 Storage 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 Storage 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 highways, bridges & buildings, marine structures & waterfronts and other applications.

Report Objectives

  • To analyze and forecast the global carbon Capture, Utilization, and Storage market size, in terms of volume and value
  • 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 based on technology, service type, and end-use industry.
  • To analyze and forecast the market size based on five main regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America.
  • To analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the total market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To analyze competitive developments such as expansions, partnership, agreement, new product/technology launch, joint venture, contract, and merger & acquisition in the market
  • To profile key players and comprehensively analyze their market share 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 Asia Pacific carbon Capture, Utilization, and Storage market
  • Further breakdown of Rest of the European carbon Capture, Utilization, and Storage market
  • Further breakdown of Rest of Middle East & Africa carbon Capture, Utilization, and Storage market
  • Further breakdown of Rest of South American carbon Capture, Utilization, and Storage market

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
Carbon Capture, Utilization, and Storage Market Size, Share & Growth Report
Report Code
CH 7763
Published ON
Sep, 2022
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