Carbon Capture, Utilization, and Storage Market

Carbon Capture, Utilization, and Storage Market by Service (Capture, Transportation, Utilization, Storage), Technology (Chemical Looping, Solvents & Sorbent, Membranes), End-Use Industry, and Region - Global Forecast to 2030

Report Code: CH 7763 Feb, 2024, by marketsandmarkets.com

The global carbon Capture, Utilization, and Storage market size is projected to grow from USD 3.1 Billion in 2022 to USD 12.9 Billion by 2030, at a CAGR of 24.0% during the forecast period. The demand from the construction industry is expected to drive the growth of the market during the forecast period between 2024 to 2030. 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

Carbon Capture, Utilization, and Storage Market Dynamics

Driver: Growing Focus On Reducing Co2 Emissions

Carbon capture, utilization, and storage technology is deployed to capture CO2 from various sources and transport it to the areas where it can be utilized or stored. Dependence over fossil fuels for the energy needs is the major source for carbon emission into the atmosphere. The CCUS technology can reduce the greenhouse gas emission into the atmosphere from the industrial sources. The growing concern over climate change globally, has factored the adoption of CCUS in a positive way. For an inssstance, US government had issued an executive order to achieve generation of 100% carbon-free electricity by 2030.

Inorder to achieve net zero emission targets, the governments across the globe is actively encouraging ht ecompanies to reduce the carbon footprints and implement CCUS technology by providing them tax benefits.

Restraint: High cost of carbon capture and storage to restrict the market growth

The CCUS technology requires hughe capital investment and is also costlier to effectively operate and maintain. This has developed a sense of hesitation from the industries, whether to invest in the technology or not. The implementation also takes a toll on the process efficiency of the plants, as mostl of the plants are not designed with implementation of such capture technologies. The cost involved in the carbon capture and storage involves the entire value chain: capture of the carbon at the source, transportation, storage or utilization of the carbon at end-use applications areas. This does not generate enough revenue to recover the investments made. For instance, the cost of deploying the CO2 scrubber for post-combustion and an air-separation unit for oxy-fuel technology increases the initial CAPEX and additional operation & maintenance costs. The storage areas for carbon storage also involves huge CAPEX for initial exploration, site assessment, site preparation. Additionally, the cost to monitor for leakage of CO2 has to be incurred by the companies to store the captured carbon. These heavy inertia of investment is restraining the companies from adopting CCUS technology.

Opportunity: Continuous investments in developing innovative capturing technologies to create lucrative opportunities for the market

Continuous development of carbon capture technologies is important to maintain the cost-effectiveness of power generation and industrial plants. Growing investment in R&D and demonstration activities are being conducted to develop next-gen CO2 capture technologies. These technologies address three main issues: reducing the impact of CO2 capture on power generation capacity, improving the cost-effectiveness of CO2 capture technologies, and scaling up novel carbon capture technologies to the required level for full-scale development at power plants. These technologies have the potential to provide reductions in energy costs in comparison to traditional technologies.

Various technology providers are investing heavily and working on reducing carbon-capturing costs and pulling down the capturing cost to less than USD 30 for a million tons of CO2. This inclination toward the development of advanced technological solutions will create an immense opportunity to increase the current implementation of carbon capture, utilization, and storage globally.

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

As of now, the companies implementing CCUS technology are generating their revenue only in the form of tax benefits that the governments provide to encourage more companies to adopt CCUS technology. There is currently very less chances of generating revenue from this technology. Carbon capture is the process where the technology implementation incurs huge operational and maintenance costs. This significantly increases the effective cossst for capturing the carbon from the emission sources. The currently available capture technology is not efficient enough to reduce the effective carbon capture costs. The investments in product innovation and technological advancements becomes inevitable to achieve higher efficiency in capturing the carbon. Although this will increase the carbon capture prices slightly for a short period of time, the effective cost for capture will decrease over the period. the companies are constantly evaluating the chances to develop newer technology to make the carbon capture process efficient and reduce the effective cost. This is a major challenge that exists in the CCUS technology implementation in the long term.

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

Pre-combustion capture entails reacting a fuel with oxygen or air to produce synthesis gas (syngas) or fuel gas composed of carbon monoxide and hydrogen. The carbon monoxide reacts with steam in a catalytic reactor called a shift converter to provide CO2 and more hydrogen. Then, CO2 is separated by a physical or chemical absorption process and results in hydrogen-rich fuel that can be used in many applications, including boilers, engines, furnaces, gas turbines, and fuel cells.

This technology involves eliminating CO2 from a gas stream before its dilution with air or oxygen during the combustion process. The gas stream containing CO2 will also have carbon monoxide, hydrogen, and methane, which have significant value as chemical precursors or fuels. The main challenge in pre-combustion capture is that any reduction in syngas temperature to enable low-temperature physical solvent-based capture reduces the overall power generation cycle efficiency. Current operational CCS projects that use the pre-combustion technology for carbon capture include Val Verde Natural Gas Plants (US), Petrobras LulaOil Field (Brazil), PetroChina Jilin Oil Field (China), and Great Plains Synfuel Plant (Canada).

Oxy-Fuel accounted for the third-largest market share, in terms of value and volume

In oxy-fuel combustion technique, oxygen is used for combustion instead of air, which results in higher combustion rates. This will effectively produce the flue gas stream that is majorly constituted by CO2 and H2O, which can be later processed again to remove the CO2 from the flue gas mixture before final emission into the atmosphere. Since, the fuel is combusted with high amounts of pure oxygen at high temperatures, the requirement for pure oxygen is high. This is generated from using the low-temperature air separator, which separates the oxygen from the captured CO2 and H2O from the effluent stream. The capture of CO2 from the flue stream is achieved through post-combustion capture technique. Though this system is effective than traditional post-combustion process, the implementation is capital intensive and operationally complex. However, the efficiency of oxy-fuel combustion can be improved by lowering the cost of oxygen supplied to the system and increasing the overall system efficiency.

There are oxy-fuel combustion technologies currently supported by the Department of Energy, including pressurized fluidized bed with CO2 purification, supercritical CO2 heat exchanger, staged coal combustion, isothermal deoxidation reactor (IDR), simultaneous recovery of latent heat and removal of SOx and NOx from flue gas in pressurized oxy-fuel combustion, and assessing impacts to boiler operation using computational fluid dynamics simulations with oxygen and minimum recycled flue gas.

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 market. In 2023, 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.

Various operational projects across the globe are running with carbon capture, utilization, and storage systems. Some of these projects are Century Plant (US), Shute Creek Gas Processing Plant (US), Uthmaniyah Gas Plant (Saudi Arabia), Petrobras Santos Basin Plant (Brazil), Snohvit Field (Norway), Gorgon Carbon Capture, Utilization, and Storage Project (Australia), and Sleipner Gas Field (Norway).

Carbon Capture, Utilization, and Storage Market  by Region

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North America to continue dominating the carbon capture, utilization, and storage market

North America is the largest market for CCUS technology. The technology is pioneered by the companies and institutional organizstions present in the US. The companies have long experience in implementing  the CCUS technology for more than 35 years. This has led to development a superior capture and storage technology in the country. The country’s regulations and policies are also framed in a way to encourage the industrial players to adopt the technology by providing them with technology support and tax benefits. The region has several oil & gas projects that is implemented with or retrofitted with the CCUS technology, leading the global CCUS technology adoption by several folds. Growing awareness among the people regarding climate change and change in mindset to use green energy sources to reduce carbon footprints also has lead to the deployment of the CCUS in a large scale.

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

Market size available for years

2019-2030

Base year considered

2023

Forecast period

2024-2030

Units considered

Value (USD Million/Billion), Volume (ton)

Segments Covered

Service, Technology, End-Use Industry and Region

Geographies covered

Europe, North America, Asia Pacific, South America, Middle East and Africa

Companies covered

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).

The study categorizes the Carbon capture, utilization and storage market based on Type, Form, Application, End-Use Industry, and Region.

By Service
  • Capture
  • Transportation
  • Utilization
  • Storage
By Technology
  • Chemical Looping
  • Solvents & Sorbents
  • Membranes
  • Others
By End-Use Industry
  • Oil & Gas
  • Power Generation
  • Chemicals & Petrochemicals
  • Cement
  • Iron & Steel
  • Others
By Region:
  • North America
  • Asia Pacific
  • Europe
  • South America
  • Middle East & Africa

Recent Developments

  • In July 2023, Fluor Corporation revealed its memorandum of understanding (MOU) with Carbfix, the pioneer in carbon dioxide (CO2) mineral storage, to explore comprehensive carbon capture and storage (CCS) solutions.
  • In June 2023, TotalEnergies SE, Petronas and Mitsui & Co. Ltd., have signed a development agreement to collaborate on a carbon capture and storage (CCS) project in Malaysia.
  • In June 2023, Aker Solutions signed an agreement with Doosan Babcock to jointly deliver carbon capture and storage (CCS) projects in the UK.
  • In April 2023, Fluor Corporation (NYSE: FLR) recently signed a license agreement with Federated Co-Operatives Limited (FCL) to implement Fluor’s Econamine FG PlusSM carbon capture technology at Saskatchewan, Canada.
  • In November 2022, ExxonMobil and MHI have formed a carbon capture technology alliance to facilitate industry decarbonization projects.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
          FIGURE 1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNIT CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
          FIGURE 2 CARBON CAPTURE, UTILIZATION, AND STORAGE 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 market
                    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 RESEARCH ASSUMPTIONS 
    2.8 MARKET GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
    2.9 RESEARCH LIMITATIONS 
    2.10 RISKS ASSOCIATED WITH CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 6 CAPTURE SERVICE DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2023
    FIGURE 7 OIL & GAS LARGEST END-USE INDUSTRY IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2023
    FIGURE 8 CHEMICAL LOOPING DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2023
    FIGURE 9 NORWAY TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD
    FIGURE 10 NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET 
          FIGURE 11 HIGH DEMAND FROM END-USE INDUSTRIES TO DRIVE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    4.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE 
          FIGURE 12 CAPTURE SERVICE DOMINATED OVERALL MARKET IN 2023
    4.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY 
          FIGURE 13 OIL & GAS END-USE INDUSTRY DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2023
    4.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY 
          FIGURE 14 CHEMICAL LOOPING TECHNOLOGY SEGMENT DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    4.5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY KEY COUNTRY 
          FIGURE 15 MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 51)
    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 EMISSION REDUCTION TARGETS OF MAJOR COUNTRIES
                    5.2.1.2 Increasing demand for C02-EOR techniques
                    5.2.1.3 Rising environmental awareness to increase natural gas demand
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of carbon capture and storage
                    5.2.2.2 Safety concerns at storage sites
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Continuous investments in developing innovative capturing technologies
                    5.2.3.2 Large number of upcoming projects in Asia Pacific
                    5.2.3.3 Announcement of large capacity hydrogen projects
                                TABLE 2 ANNOUNCED HYDROGEN PROJECTS
           5.2.4 CHALLENGES
                    5.2.4.1 Reducing CO2 capturing costs
                    5.2.4.2 High initial investments
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 17 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: PORTER’S FIVE FORCES ANALYSIS
           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 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: PORTER'S FIVE FORCES ANALYSIS
    5.4 SUPPLY CHAIN ANALYSIS 
          TABLE 4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYERS)
                    FIGURE 18 AVERAGE SELLING PRICE BY KEY PLAYERS FOR TOP THREE END-USE INDUSTRIES (USD/KG)
                    TABLE 5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY (USD/KG)
    5.6 AVERAGE SELLING PRICE, BY END-USE INDUSTRY 
          FIGURE 19 AVERAGE SELLING PRICE BASED ON END-USE INDUSTRY (USD/KG)
    5.7 AVERAGE SELLING PRICE, BY REGION 
          TABLE 6 CARBON CAPTURE, UTILIZATION, AND STORAGE: AVERAGE SELLING PRICE, BY REGION
    5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
                    TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
           5.8.2 BUYING CRITERIA
                    FIGURE 21 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                    TABLE 8 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    5.9 TECHNOLOGY ANALYSIS 
    5.10 ECOSYSTEM MAPPING 
           FIGURE 22 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: ECOSYSTEM
    5.11 VALUE CHAIN ANALYSIS 
           FIGURE 23 VALUE CHAIN ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    5.12 CASE STUDY ANALYSIS 
    5.13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 24 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.14 KEY MARKETS FOR IMPORT/EXPORT 
           5.14.1 US
           5.14.2 CHINA
           5.14.3 SAUDI ARABIA
           5.14.4 NORWAY
           5.14.5 AUSTRALIA
    5.15 REGULATORY LANDSCAPE 
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 STANDARDS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
                     TABLE 13 CURRENT STANDARD CODES FOR CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
    5.16 KEY CONFERENCES AND EVENTS 
           TABLE 14 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKETS: KEY CONFERENCES AND EVENTS, 2023–2024
    5.17 PATENT ANALYSIS 
           5.17.1 INTRODUCTION
           5.17.2 METHODOLOGY
           5.17.3 DOCUMENT TYPES
                     TABLE 15 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: GLOBAL PATENT COUNT
                     FIGURE 25 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 26 GLOBAL PATENT PUBLICATION TREND, 2013–2023
           5.17.4 INSIGHTS
           5.17.5 LEGAL STATUS
                     FIGURE 27 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: LEGAL STATUS OF PATENTS
           5.17.6 JURISDICTION ANALYSIS
                     FIGURE 28 GLOBAL JURISDICTION ANALYSIS
           5.17.7 TOP APPLICANTS
                     FIGURE 29 ALSTOM TECHNOLOGY LTD TO REGISTER HIGHEST PATENT COUNT
           5.17.8 PATENTS BY ALSTOM TECHNOLOGY LTD.
           5.17.9 PATENTS BY EXXONMOBIL RES & ENG CO
                    5.17.10 PATENTS BY LANZATECH, NZ, INC
                    5.17.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
    5.18 CAPITAL & OPERATIONAL EXPENDITURE INVOLVED IN CCUS DEPLOYMENT 
           5.18.1 CAPEX FOR CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) TECHNOLOGY: A GLOBAL PERSPECTIVE
           5.18.2 CAPEX IN CCUS INVOLVES THREE PRIMARY COMPONENTS:
           5.18.3 CAPEX TRENDS OVER THE LAST DECADE
           5.18.4 CAPEX PER TON OF CARBON
                     TABLE 16 CAPEX PER TON OF CARBON, BY SERVICE
           5.18.5 OPEX
           5.18.6 ESTIMATION OVERVIEW ON CAPEX AND OPEX INVOLVED IN CCUS
                     TABLE 17 CAPEX AND OPEX INVESTMENT CCUS BY TECHNOLOGIES
 
6 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE (Page No. - 80)
    6.1 INTRODUCTION 
          FIGURE 30 CAPTURE SERVICE TO DOMINATE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD
          TABLE 18 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
          TABLE 19 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
          TABLE 20 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
          TABLE 21 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
    6.2 CAPTURE 
          FIGURE 31 NORTH AMERICA TO BE BIGGEST MARKET FOR CARBON CAPTURE SERVICE DURING FORECAST PERIOD
          TABLE 22 CARBON CAPTURE MARKET, BY REGION, 2019–2023 (KILOTON)
          TABLE 23 CARBON CAPTURE MARKET, BY REGION, 2024–2030 (KILOTON)
          TABLE 24 CARBON CAPTURE MARKET, BY REGION, 2019–2023 (USD MILLION)
          TABLE 25 CARBON CAPTURE MARKET, BY REGION, 2024–2030 (USD MILLION)
           6.2.1 CAPTURE, BY TECHNOLOGY
                    FIGURE 32 POST-COMBUSTION CAPTURE TECHNOLOGY TO LEAD MARKET BETWEEN 2024 AND 2030
                    TABLE 26 CARBON CAPTURE SERVICE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 27 CARBON CAPTURE SERVICE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 28 CARBON CAPTURE SERVICE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 29 CARBON CAPTURE SERVICE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
                    6.2.1.1 Post-combustion
                               6.2.1.1.1 Offers high CO2 capture efficiency of 99%
                    6.2.1.2 Oxy-fuel
                               6.2.1.2.1 Simplified CO2 capture compared with conventional processes
                    6.2.1.3 Pre-combustion
                               6.2.1.3.1 Eliminates CO2 from gas stream before dilution with air or oxygen
                    6.2.1.4 Bio-energy CCS (BECCS)
                               6.2.1.4.1 Use of biomass to store carbon offers stability of more than 1,000 years
                    6.2.1.5 Direct Air Capture
                               6.2.1.5.1 Need for negative emission technology to promote development of DAC technology
    6.3 TRANSPORTATION 
           6.3.1 PIPELINE TO BE MOST PREFERRED MODE OF CO2 TRANSPORTATION
                    FIGURE 33 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR TRANSPORTATION SERVICE
                    TABLE 30 TRANSPORTATION SERVICE MARKET, BY REGION, 2019–2023 (KILOTON)
                    TABLE 31 TRANSPORTATION SERVICE MARKET, BY REGION, 2024–2030 (KILOTON)
                    TABLE 32 TRANSPORTATION SERVICE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 33 TRANSPORTATION SERVICE MARKET, BY REGION, 2024–2030 (USD MILLION)
    6.4 UTILIZATION 
           6.4.1 EOR USING CO2 FROM CAPTURE PROCESSES TO INCREASE CO2 UTILIZATION
                    FIGURE 34 EUROPE TO BE LARGEST MARKET FOR UTILIZATION SERVICES DURING FORECAST PERIOD
                    TABLE 34 UTILIZATION SERVICE MARKET, BY REGION, 2019–2023 (KILOTON)
                    TABLE 35 UTILIZATION SERVICE MARKET, BY REGION, 2024–2030 (KILOTON)
                    TABLE 36 UTILIZATION SERVICE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 37 UTILIZATION SERVICE MARKET, BY REGION, 2024–2030 (USD MILLION)
    6.5 STORAGE 
           6.5.1 GEOLOGICAL STORAGE TO BE MOST PREFERRED METHOD OF CO2 STORAGE
                    FIGURE 35 NORTH AMERICA TO BE FASTEST-GROWING MARKET FOR STORAGE SERVICE
                    TABLE 38 STORAGE SERVICE MARKET, BY REGION, 2019–2023 (KILOTON)
                    TABLE 39 STORAGE SERVICE MARKET, BY REGION, 2024–2030 (KILOTON)
                    TABLE 40 STORAGE SERVICE MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 41 STORAGE SERVICE MARKET, BY REGION, 2024–2030 (USD MILLION)
           6.5.2 STORAGE SERVICE, BY TECHNOLOGY
                    FIGURE 36 GEOLOGICAL STORAGE TO DOMINATE STORAGE SERVICE MARKET DURING FORECAST PERIOD
                    TABLE 42 CARBON STORAGE SERVICE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 43 CARBON STORAGE SERVICE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 44 CARBON STORAGE SERVICE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 45 CARBON STORAGE SERVICE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
           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 Unmineable Coal Beds
                               6.5.3.2.1 Further research required to optimize process
                    6.5.3.3 Saline Aquifers
                               6.5.3.3.1 Less knowledge about saline aquifers’ features compared to other storage types
           6.5.4 DEEP OCEAN STORAGE
                    6.5.4.1 Not preferred over geological storage due to associated environmental risks
 
7 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY (Page No. - 99)
    7.1 INTRODUCTION 
          FIGURE 37 OIL & GAS INDUSTRY TO DOMINATE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD
          TABLE 46 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
          TABLE 47 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
          TABLE 48 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
          TABLE 49 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
    7.2 OIL & GAS 
           7.2.1 CO2 MOSTLY EXTRACTED FROM NATURAL GAS PLANTS
                    FIGURE 38 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
                    TABLE 50 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OIL & GAS, BY REGION, 2019–2023 (KILOTON)
                    TABLE 51 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OIL & GAS, BY REGION, 2024–2030 (KILOTON)
                    TABLE 52 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OIL & GAS, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 53 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OIL & GAS, BY REGION, 2024–2030 (USD MILLION)
    7.3 POWER GENERATION 
           7.3.1 FOSSIL FUEL POWER PLANTS SIGNIFICANTLY CONTRIBUTE TO MARKET GROWTH
                    FIGURE 39 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
                    TABLE 54 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION, BY REGION, 2019–2023 (KILOTON)
                    TABLE 55 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION, BY REGION, 2024–2030 (KILOTON)
                    TABLE 56 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 57 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION, BY REGION, 2024–2030 (USD MILLION)
    7.4 CHEMICAL & PETROCHEMICAL 
           7.4.1 AMMONIA PRODUCTION PLANTS CONTRIBUTE SIGNIFICANTLY TO MARKET
                    FIGURE 40 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 58 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CHEMICAL & PETROCHEMICAL, BY REGION, 2019–2023 (KILOTON)
                    TABLE 59 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CHEMICAL & PETROCHEMICAL, BY REGION, 2024–2030 (KILOTON)
                    TABLE 60 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CHEMICAL & PETROCHEMICAL, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 61 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CHEMICAL & PETROCHEMICAL, BY REGION, 2024–2030 (USD MILLION)
    7.5 CEMENT 
           7.5.1 GOVERNMENT REGULATIONS FORCING CEMENT INDUSTRY TO ADOPT CARBON CAPTURE TECHNOLOGY
                    FIGURE 41 EUROPE TO WITNESS SECOND FASTEST GROWTH DURING FORECAST PERIOD
                    TABLE 62 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CEMENT, BY REGION, 2019–2023 (KILOTON)
                    TABLE 63 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CEMENT, BY REGION, 2024–2030 (KILOTON)
                    TABLE 64 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CEMENT, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 65 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN CEMENT, BY REGION, 2024–2030 (USD MILLION)
    7.6 IRON & STEEL 
           7.6.1 STEEL INDUSTRY ACCOUNTS FOR LARGE SHARE OF ANTHROPOGENIC CO2 EMISSIONS
                    FIGURE 42 EUROPE TO BE LARGEST MARKET DURING FORECAST PERIOD
                    TABLE 66 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN IRON & STEEL, BY REGION, 2019–2023 (KILOTON)
                    TABLE 67 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN IRON & STEEL, BY REGION, 2024–2030 (KILOTON)
                    TABLE 68 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN IRON & STEEL, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 69 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN IRON & STEEL, BY REGION, 2024–2030 (USD MILLION)
    7.7 OTHER END-USE INDUSTRIES 
          FIGURE 43 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
          TABLE 70 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OTHER INDUSTRIES, BY REGION, 2019–2023 (KILOTON)
          TABLE 71 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OTHER INDUSTRIES, BY REGION, 2024–2030 (KILOTON)
          TABLE 72 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OTHER INDUSTRIES, BY REGION, 2019–2023 (USD MILLION)
          TABLE 73 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN OTHER INDUSTRIES, BY REGION, 2024–2030 (USD MILLION)
 
8 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY (Page No. - 115)
    8.1 INTRODUCTION 
          FIGURE 44 CHEMICAL LOOPING TO DOMINATE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
          TABLE 74 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
          TABLE 75 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
          TABLE 76 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
          TABLE 77 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
    8.2 CHEMICAL LOOPING 
           8.2.1 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR CHEMICAL LOOPING
                    FIGURE 45 EUROPE TO LEAD MARKET FOR CHEMICAL LOOPING TECHNOLOGY
                    TABLE 78 CHEMICAL LOOPING TECHNOLOGY MARKET, BY REGION, 2019–2023 (KILOTON)
                    TABLE 79 CHEMICAL LOOPING TECHNOLOGY MARKET, BY REGION, 2024–2030 (KILOTON)
                    TABLE 80 CHEMICAL LOOPING TECHNOLOGY MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 81 CHEMICAL LOOPING TECHNOLOGY MARKET, BY REGION, 2024–2030 (USD MILLION)
    8.3 SOLVENTS & SORBENTS 
           8.3.1 NORTH AMERICA TO LEAD GLOBAL MARKET
                    FIGURE 46 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR SOLVENTS & SORBENTS TECHNOLOGY
                    TABLE 82 SOLVENTS & SORBENTS TECHNOLOGY MARKET, BY REGION, 2019–2023 (KILOTON)
                    TABLE 83 SOLVENTS & SORBENTS TECHNOLOGY MARKET, BY REGION, 2024–2030 (KILOTON)
                    TABLE 84 SOLVENTS & SORBENTS TECHNOLOGY MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 85 SOLVENTS & SORBENTS TECHNOLOGY MARKET, BY REGION, 2024–2030 (USD MILLION)
    8.4 MEMBRANES 
           8.4.1 HIGHLY EFFICIENT CARBON CAPTURE TECHNOLOGY
                    FIGURE 47 ASIA PACIFIC TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
                    TABLE 86 MEMBRANES TECHNOLOGY MARKET, BY REGION, 2019–2023 (KILOTON)
                    TABLE 87 MEMBRANES TECHNOLOGY MARKET, BY REGION, 2024–2030 (KILOTON)
                    TABLE 88 MEMBRANES TECHNOLOGY MARKET, BY REGION, 2019–2023 (USD MILLION)
                    TABLE 89 MEMBRANES TECHNOLOGY MARKET, BY REGION, 2024–2030 (USD MILLION)
    8.5 OTHER TECHNOLOGIES 
          FIGURE 48 NORTH AMERICA TO LEAD OTHER TECHNOLOGIES MARKET DURING FORECAST PERIOD
          TABLE 90 OTHER TECHNOLOGIES MARKET, BY REGION, 2019–2023 (KILOTON)
          TABLE 91 OTHER TECHNOLOGIES MARKET, BY REGION, 2024–2030 (KILOTON)
          TABLE 92 OTHER TECHNOLOGIES MARKET, BY REGION, 2019–2023 (USD MILLION)
          TABLE 93 OTHER TECHNOLOGIES MARKET, BY REGION, 2024–2030 (USD MILLION)
 
9 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION (Page No. - 127)
    9.1 INTRODUCTION 
          FIGURE 49 CHINA TO REGISTER HIGHEST GROWTH BETWEEN 2024 AND 2030
          TABLE 94 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION, 2019–2023 (KILOTON)
          TABLE 95 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION, 2024–2030 (KILOTON)
          TABLE 96 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION, 2019–2023 (USD MILLION)
          TABLE 97 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION, 2024–2030 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 NORTH AMERICA: IMPACT OF RECESSION
                    FIGURE 50 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT
           9.2.2 NORTH AMERICA CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 98 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                    TABLE 99 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                    TABLE 100 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                    TABLE 101 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
           9.2.3 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 102 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
                    TABLE 103 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
                    TABLE 104 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
                    TABLE 105 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
           9.2.4 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 106 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 107 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 108 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 109 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
           9.2.5 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 110 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (KILOTON)
                    TABLE 111 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (KILOTON)
                    TABLE 112 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                    TABLE 113 NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                    9.2.5.1 US
                               9.2.5.1.1 Government support for implementation of CCUS to drive market
                                              TABLE 114 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 115 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 116 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 117 US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.2.5.2 Canada
                               9.2.5.2.1 Carbon storage projects to drive CCUS market
                                              TABLE 118 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 119 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 120 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 121 CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.2.5.3 Mexico
                               9.2.5.3.1 Need for transportation of carbon to offshore storage facilities to drive market
                                              TABLE 122 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 123 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 124 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 125 MEXICO: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT
                    FIGURE 51 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT
           9.3.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 126 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                    TABLE 127 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                    TABLE 128 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                    TABLE 129 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
           9.3.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 130 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
                    TABLE 131 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
                    TABLE 132 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
                    TABLE 133 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
           9.3.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 134 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 135 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 136 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 137 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
           9.3.5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 138 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (KILOTON)
                    TABLE 139 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (KILOTON)
                    TABLE 140 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                    TABLE 141 EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                    9.3.5.1 Norway
                               9.3.5.1.1 Increase in natural gas demand for power generation to drive market
                                              TABLE 142 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 143 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 144 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 145 NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.3.5.2 UK
                               9.3.5.2.1 New regulations announced by government to boost CCUS market growth
                                              TABLE 146 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 147 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 148 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 149 UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.3.5.3 France
                               9.3.5.3.1 Announcement of new projects to boost market
                                              TABLE 150 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 151 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 152 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 153 FRANCE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.3.5.4 Netherlands
                               9.3.5.4.1 Transportation segment to grow fast owing to CATO-2 project in Netherlands
                                              TABLE 154 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 155 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 156 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 157 NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.3.5.5 Italy
                               9.3.5.5.1 Capture segment dominates overall market
                                              TABLE 158 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 159 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 160 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 161 ITALY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.3.5.6 Rest of Europe
                                TABLE 162 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                TABLE 163 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                TABLE 164 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                TABLE 165 REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 RECESSION IMPACT
                    FIGURE 52 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT
           9.4.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 166 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                    TABLE 167 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                    TABLE 168 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                    TABLE 169 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
           9.4.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 170 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
                    TABLE 171 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
                    TABLE 172 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
                    TABLE 173 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
           9.4.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 174 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 175 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 176 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 177 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
           9.4.5 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 178 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (KILOTON)
                    TABLE 179 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (KILOTON)
                    TABLE 180 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                    TABLE 181 ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                    9.4.5.1 Australia
                               9.4.5.1.1 Transportation segment to witness high growth
                                              TABLE 182 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 183 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 184 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 185 AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.4.5.2 China
                               9.4.5.2.1 Collaboration of Chinese government with various companies and organizations to drive market
                                              TABLE 186 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 187 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 188 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 189 CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.4.5.3 India
                               9.4.5.3.1 Industrialization and emission regulations to drive market
                                              TABLE 190 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 191 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 192 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 193 INDIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.4.5.4 Japan
                               9.4.5.4.1 Availability of major technology providers and strong industrial base to support market growth
                                              TABLE 194 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 195 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 196 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 197 JAPAN: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.4.5.5 Rest of Asia Pacific
                                TABLE 198 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                TABLE 199 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                TABLE 200 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                TABLE 201 REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 202 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                    TABLE 203 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                    TABLE 204 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                    TABLE 205 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
           9.5.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 206 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
                    TABLE 207 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
                    TABLE 208 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
                    TABLE 209 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
           9.5.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 210 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 211 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 212 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 213 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
           9.5.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 214 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (KILOTON)
                    TABLE 215 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (KILOTON)
                    TABLE 216 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                    TABLE 217 MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                    9.5.4.1 UAE
                               9.5.4.1.1 Carbon utilization for EOR to drive market
                                              TABLE 218 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 219 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 220 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 221 UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.5.4.2 Saudi Arabia
                               9.5.4.2.1 Utilization of carbon for EOR applications to drive market
                                              TABLE 222 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 223 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 224 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 225 SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.5.4.3 Rest of GCC Countries
                               9.5.4.3.1 Presence of large oil & gas fields to boost adoption of CCUS technology
                                              TABLE 226 REST OF GCC COUNTRIES: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 227 REST OF GCC COUNTRIES: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 228 REST OF GCC COUNTRIES: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 229 REST OF GCC COUNTRIES: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.5.4.4 Rest of Middle East & Africa
                                TABLE 230 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                TABLE 231 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                TABLE 232 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                TABLE 233 REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
    9.6 SOUTH AMERICA 
           9.6.1 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE
                    TABLE 234 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                    TABLE 235 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                    TABLE 236 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                    TABLE 237 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
           9.6.2 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY
                    TABLE 238 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
                    TABLE 239 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
                    TABLE 240 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
                    TABLE 241 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
           9.6.3 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY
                    TABLE 242 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (KILOTON)
                    TABLE 243 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (KILOTON)
                    TABLE 244 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION)
                    TABLE 245 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
           9.6.4 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY
                    TABLE 246 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (KILOTON)
                    TABLE 247 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (KILOTON)
                    TABLE 248 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
                    TABLE 249 SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
                    9.6.4.1 Brazil
                               9.6.4.1.1 Transportation to be fastest-growing segment in overall market
                                              TABLE 250 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 251 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 252 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 253 BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.6.4.2 Argentina
                               9.6.4.2.1 Capture segment to dominate overall market during forecast period
                                              TABLE 254 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 255 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 256 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 257 ARGENTINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.6.4.3 Chile
                               9.6.4.3.1 Utilization of captured carbon in chemical and other industries to drive market
                                              TABLE 258 CHILE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                              TABLE 259 CHILE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                              TABLE 260 CHILE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                              TABLE 261 CHILE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
                    9.6.4.4 Rest of South America
                                TABLE 262 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (KILOTON)
                                TABLE 263 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (KILOTON)
                                TABLE 264 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2019–2023 (USD MILLION)
                                TABLE 265 REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE, 2024–2030 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 201)
     10.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 266 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     10.2 REVENUE ANALYSIS 
             FIGURE 53 REVENUE OF TOP 5 COMPANIES IN LAST 5 YEARS
     10.3 MARKET SHARE ANALYSIS 
             FIGURE 54 SHARES OF TOP COMPANIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
             TABLE 267 DEGREE OF COMPETITION: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET
     10.4 COMPANY EVALUATION MATRIX 
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 PARTICIPANTS
                        FIGURE 55 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: COMPETITIVE LEADERSHIP MAPPING, 2023
             10.4.5 COMPANY FOOTPRINT
                        TABLE 268 COMPANY PRODUCT FOOTPRINT
                        TABLE 269 COMPANY END-USE INDUSTRY FOOTPRINT
                        TABLE 270 COMPANY REGION FOOTPRINT
     10.5 START-UP/SME EVALUATION MATRIX 
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                        FIGURE 56 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: START-UP/SME EVALUATION MATRIX, 2023
             10.5.5 COMPETITIVE BENCHMARKING
                        TABLE 271 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: KEY START-UPS/SMES
                        TABLE 272 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.6 COMPETITIVE SCENARIO AND TRENDS 
             TABLE 273 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: DEALS, 2018–2023
             TABLE 274 CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OTHER DEVELOPMENTS, 2018–2023
 
11 COMPANY PROFILES (Page No. - 220)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
     11.1 KEY COMPANIES 
             11.1.1 FLUOR CORPORATION
                        TABLE 275 FLUOR CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 FLUOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 276 FLUOR CORPORATION: DEALS
                        TABLE 277 FLUOR CORPORATION: OTHER DEVELOPMENTS
             11.1.2 EXXONMOBIL CORPORATION
                        TABLE 278 EXXONMOBIL CORPORATION: COMPANY OVERVIEW
                        FIGURE 58 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 279 EXXONMOBIL CORPORATION: DEALS
                        TABLE 280 EXXONMOBIL CORPORATION: OTHER DEVELOPMENTS
             11.1.3 LINDE PLC
                        TABLE 281 LINDE PLC: COMPANY OVERVIEW
                        FIGURE 59 LINDE PLC: COMPANY SNAPSHOT
                        TABLE 282 LINDE PLC: OTHER DEVELOPMENTS
             11.1.4 ROYAL DUTCH SHELL PLC
                        TABLE 283 ROYAL DUTCH SHELL PLC: COMPANY OVERVIEW
                        FIGURE 60 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
                        TABLE 284 ROYAL DUTCH SHELL PLC: OTHER DEVELOPMENTS
             11.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD.
                        TABLE 285 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY OVERVIEW
                        FIGURE 61 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
                        TABLE 286 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS
             11.1.6 JGC HOLDINGS CORPORATION
                        TABLE 287 JGC HOLDINGS CORPORATION: COMPANY OVERVIEW
                        FIGURE 62 JGC HOLDINGS CORPORATION: COMPANY SNAPSHOT
             11.1.7 SCHLUMBERGER LIMITED
                        TABLE 288 SCHLUMBERGER LIMITED: COMPANY OVERVIEW
                        FIGURE 63 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
                        TABLE 289 SCHLUMBERGER LIMITED: OTHER DEVELOPMENTS
             11.1.8 AKER SOLUTIONS
                        TABLE 290 AKER SOLUTIONS: COMPANY OVERVIEW
                        FIGURE 64 AKER SOLUTIONS: COMPANY SNAPSHOT
                        TABLE 291 AKER SOLUTIONS: DEALS
                        TABLE 292 AKER SOLUTIONS: OTHER DEVELOPMENTS
             11.1.9 HONEYWELL INTERNATIONAL
                        TABLE 293 HONEYWELL INTERNATIONAL: COMPANY OVERVIEW
                        FIGURE 65 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
             11.1.10 EQUINOR ASA
                        TABLE 294 EQUINOR ASA: COMPANY OVERVIEW
                        FIGURE 66 EQUINOR ASA: COMPANY SNAPSHOT
                        TABLE 295 EQUINOR ASA: OTHER DEVELOPMENTS
             11.1.11 TOTALENERGIES SE
                        TABLE 296 TOTALENERGIES SE: COMPANY OVERVIEW
                        FIGURE 67 TOTALENERGIES SE: COMPANY SNAPSHOT
                        TABLE 297 TOTALENERGIES SE: DEALS
                        TABLE 298 TOTALENERGIES SE: OTHER DEVELOPMENTS
             11.1.12 HITACHI, LTD.
                        TABLE 299 HITACHI, LTD.: COMPANY OVERVIEW
                        FIGURE 68 HITACHI, LTD.: COMPANY SNAPSHOT
             11.1.13 SIEMENS AG
                        TABLE 300 SIEMENS AG: COMPANY OVERVIEW
                        FIGURE 69 SIEMENS AG: COMPANY SNAPSHOT
             11.1.14 GENERAL ELECTRIC
                        TABLE 301 GENERAL ELECTRIC: COMPANY OVERVIEW
                        FIGURE 70 GENERAL ELECTRIC: COMPANY SNAPSHOT
             11.1.15 HALLIBURTON
                        TABLE 302 HALLIBURTON: COMPANY OVERVIEW
                        FIGURE 71 HALLIBURTON: COMPANY SNAPSHOT
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     11.2 OTHER KEY MARKET PLAYERS 
             11.2.1 CLIMEWORKS AG
             11.2.2 C-CAPTURE LTD.
             11.2.3 TANDEM TECHNICAL
             11.2.4 CARBICRETE
             11.2.5 CARBON CLEAN
             11.2.6 GREEN MINERALS
             11.2.7 NEWLIGHT TECHNOLOGIES, INC.
             11.2.8 CARBONFREE CHEMICALS
             11.2.9 CARBON ENGINEERING, LTD.
             11.2.10 ELECTROCHAEA GMBH
 
12 EMERGING TECHNOLOGIES (Page No. - 266)
     12.1 MICROBIAL ELECTROSYNTHESIS (MES) 
             12.1.1 INTRODUCTION
             12.1.2 DETAILED DESCRIPTION
             12.1.3 KEY COMPANIES/ COUNTRIES/INSTITUTES RESEARCHING
                        12.1.3.1 Companies
                                     TABLE 303 KEY COMPANIES/UNIVERSITIES
                        12.1.3.2 Investment and funding scenario
                                     12.1.3.2.1 LanzaTech
                                                     TABLE 304 LANZATECH: IVESTMENT AND FUNDING SCENARIO
                        12.1.3.3 Electrochaea
                                     TABLE 305 ELECTROCHAEA: INVESTMENT AND FUNDING SCENARIO
             12.1.4 MNM VIEW ON GROWTH POTENTIAL/FUTURE OUTLOOK
     12.2 CO2 CAPTURE USING ADSORPTION TECHNIQUE UTILIAING ZEOLITE AS ADSORBENT 
             12.2.1 INTRODUCTION
             12.2.2 DETAILED DESCRIPTION
                        12.2.2.1 Zeolite a for CO2 capture
                                     TABLE 306 CO2 CAPTURE CAPACITY OF ZEOLITE A
                                     12.2.2.1.1 Modification of zeolite A for improved CO2 capture:
                                                    12.2.2.1.1.1 Amine modification:
                                                    12.2.2.1.1.2 Pore size modification:
             12.2.3 KEY COMPANIES/ COUNTRIES/INSTITUTES RESEARCHING
                       TABLE 307 KEY COMPANIES/UNIVERSITIES INVOLVED IN ZEOLITE BASED RESEARCH
             12.2.4 MNM VIEW ON GROWTH POTENTIAL/FUTURE OUTLOOK
     12.3 OTHERS 
             12.3.1 VACUUM SWING ADSORPTION
                        12.3.1.1 Introduction
                        12.3.1.2 Detailed Description
                        12.3.1.3 Key Companies/ Countries/Institutes Researching
                                    TABLE 308 KEY COMPANIES/UNIVERSITIES INVOLVED IN VACUUM SWING ADSORPTION BASED RESEARCH
                        12.3.1.4 MnM View on Growth Potential/Future Outlook
             12.3.2 UTILIZATION OF RESIDUAL HEAT FOR DIRECT AIR CAPTURE FOR RETRO-FIT
                        12.3.2.1 Introduction
                        12.3.2.2 Key Companies/Countries/Institutes Researching
                                     12.3.2.2.1 Companies
                                                     TABLE 309 KEY COMPANIES/UNIVERSITIES INVOVLED IN DIRECT AIR CAPTURE BASED RESEARCH
                        12.3.2.3 MnM View on Growth Potential/Future Outlook
             12.3.3 BIOHYBRID PHOTOCATALYST METHOD USING METAL-ORGANIC FRAMEWORK (MOF)
                        12.3.3.1 Introduction
                        12.3.3.2 Detailed DESCRIPTION
                                     12.3.3.2.1 Mechanism of Biohybrid Photocatalysis
                                     12.3.3.2.2 Advantages of biohybrid photocatalysis:
                        12.3.3.3 Key Companies/ Countries/Institutes Researching
                                     12.3.3.3.1 Companies
                                                     TABLE 310 KEY COMPANIES/UNIVERSITIES INVOLVED IN BIOHYBRID PHOTOCATALYSIS RESEARCH
                        12.3.3.4 MnM View on Growth Potential/Future Outlook
             12.3.4 PYROGENIC CARBON DIOXIDE CAPTURE AND STORAGE (PYCCS)
                        12.3.4.1 Introduction
                        12.3.4.2 Detailed description
                        12.3.4.3 Key Companies/ Countries/Institutes Researching
                                     12.3.4.3.1 Companies
                                                     TABLE 311 KEY COMPANIES/UNIVERSITIES INVOLVED IN PYROGENIC CARBON CAPTURE RESEARCH
                        12.3.4.4 MnM View on Growth Potential/Future Outlook
             12.3.5 MICROBIAL CARBONIC ANHYDRASE
                        12.3.5.1 Introduction
                        12.3.5.2 Detailed description
                        12.3.5.3 Key Companies/ Countries/Institutes Researching
                                     12.3.5.3.1 Companies
                                                     TABLE 312 KEY COMPANIES/UNIVERSITIES INVOLVED IN MICROBIAL CARBONIC ANHYDRASE RESEARCH
                        12.3.5.4 MnM view on growth potential/future outlook
             12.3.6 BLUE HYDROGEN PRODUCTION TECHNOLOGY:
                        12.3.6.1 Introduction
                        12.3.6.2 Detailed description
                        12.3.6.3 Key companies/countries/institutes researching
                                     12.3.6.3.1 Companies
                        12.3.6.4 MnM view on growth potential/future outlook
             12.3.7 ELECTROCATALYTIC CO2 REDUCTION/ ETHYLENE PRODUCTION
                        12.3.7.1 Introduction
                        12.3.7.2 Detailed description
                        12.3.7.3 MnM view on growth potential/future outlook
 
13 APPENDIX (Page No. - 280)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 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.

The Breakup of Primary Research

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

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the carbon capture, utilization, transportation and storage market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in carbon capture, utilization, transportation and storage in different applications of the carbon capture, utilization, transportation and storage industry at a regional level. Such procurements provide information on the demand aspects of the carbon capture, utilization, transportation and storage industry for each application. For each application, all possible segments of the carbon capture, utilization, transportation and storage market were integrated and mapped.

Carbon capture, utilization, transportation and storage Market Size: Botton Up Approach

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

To know about the assumptions considered for the study, Request for Free Sample Report

Carbon capture, utilization, transportation and storage Market Size: Top Down Approach

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

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Carbon capture, utilization, and storage (also referred to as CCUS) is a process that involves capturing carbon dioxide (CO2), transporting it through pipelines, ships, and other modes of transport, and storing it under the Earth's surface to prevent CO2 emissions, leading to a better atmosphere. There are various technology of carbon capture, utilization, transportation and storage products available in the market, including chemical looping, solvents & sorbents, Membranes.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department
  • R&D Department

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

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Product Analysis

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