Japan CCUS Absorption Market (2024-2029)

RESEARCH METHODOLOGY

The study involves two major activities in estimating the current size of the CCUS Absorption 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.

Primary Research

The stakeholders in the value chain of the CCUS Absorption 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 CCUS Absorption market. Primary sources from the supply side include experts from companies involved in CCUS Absorption.

Following is the breakdown of primary respondents:

Notes: Tiers of companies are selected based on their ownership and revenues in 2023.

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

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

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Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total CCUS Absorption 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.

CCUS Absorption Market Size: Botton Up Approach

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CCUS Absorption Market Size: Top-Down Approach

Data Triangulation

After arriving at the overall CCUS Absorption 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.

Market Definition

Carbon Capture, Utilization, and Storage (CCUS) absorption is a process that involves capturing carbon dioxide (CO2) from industrial sources, such as power plants and manufacturing facilities, and storing it underground or utilizing it in various applications. The captured CO2 is chemically absorbed by a liquid solvent, typically an amine-based solution, and then transported to storage sites or utilized for enhanced oil recovery, production of fuels and chemicals, or other industrial processes. CCUS absorption plays a crucial role in reducing greenhouse gas emissions and mitigating climate change by preventing CO2 from entering the atmosphere. It is segmented based on absorption type (Chemical Absorption, Physical Absorption), End-Use industry (oil & gas, power generation, cement, chemicals & petrochemicals, iron & steel, others).

Key Stakeholders

• CCUS technology developers
• OEM
• Universities, governments, and research organizations
• CCUS technology associations and industrial bodies
• Research and consulting firms
• R&D institutions
• Environmental support agencies
• Investment banks and private equity firms

Report Objectives

• To define, describe, and forecast the CCUS Absorption market size in terms of volume and value
• To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
• To analyze and project the global CCUS Absorption market by type, form, application, end-use industry, and region
• To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa, and analyze the significant region-specific trends
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
• To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
• To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
• To strategically profile the key market players and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers following customizations for this market report:

• Additional country-level analysis of the CCUS Absorption market

Product Analysis

• Product matrix, which provides a detailed comparison of the product portfolio of each company's market