Carbon Capture, Utilization, and Storage Market By Service, By Technology, By Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

The global carbon capture, utilization, and storage (CCUS) market was valued at $3 billion in 2022, and is projected to reach $10.3 billion by 2032, growing at a CAGR of 13.3% from 2023 to 2032.

Carbon capture, utilization, and storage (CCUS) is a critical component in addressing global climate change by mitigating the release of CO2 emissions into the atmosphere. This technology involves capturing CO2 emissions from industrial processes and power plants, utilizing or repurposing the captured CO2, and storing it underground to prevent its release into the air. CCUS plays a pivotal role in reducing greenhouse gas emissions and achieving climate goals, making it a key focus in the evolving energy landscape.

Carbon Capture, Utilization, and Storage Market - IMG1

The fundamental principle of CCUS involves the capture, utilization, and storage of carbon dioxide. The capture phase typically employs various technologies, such as post-combustion capture, pre-combustion capture, and oxy-fuel combustion, to capture CO2 emissions from industrial facilities. Once captured, CO2 can be utilized in different ways, including enhanced oil recovery (EOR), the production of chemicals and materials, and even the creation of synthetic fuels.

The storage phase involves injecting the captured CO2 into geological formations deep underground, such as depleted oil & gas reservoirs or deep saline aquifers. This prevents the released CO2 from entering the atmosphere and contributes to the long-term reduction of greenhouse gas emissions.

Market Dynamics

The CCUS market is experiencing significant growth driven by several factors that highlight its importance in the global efforts to combat climate change. Governments and industries worldwide are recognizing the need for sustainable practices, and CCUS provides a viable solution to reduce carbon emissions from existing industrial processes. In addition, the growing emphasis on corporate social responsibility and environmental sustainability has led many companies to adopt CCUS technologies as part of their commitment to mitigating climate impact.

Research and development efforts are focused on enhancing the overall efficiency of CCUS processes, reducing costs, and expanding the applicability of the technology to different industries.

One notable trend in the CCUS market is the emergence of carbon utilization technologies, where captured CO2 is repurposed for the production of valuable products. This not only helps in reducing carbon emissions but also creates economic opportunities by turning CO2 into a resource.

However, the CCUS market faces challenges that warrant careful consideration; for instance, high initial costs associated with implementing CCUS technologies, regulatory uncertainties pertaining to use of CO2 and public acceptance are significant hurdles. Overcoming these challenges requires collaborative efforts from governments, industries, and research institutions to create a conducive environment for CCUS deployment.

Environmental and regulatory concerns are paramount in the CCUS market. Ensuring the safe and secure storage of captured CO2 underground, addressing potential leakage risks, and establishing clear regulatory frameworks are crucial for the widespread adoption of CCUS technologies.

In the face of intensifying global climate challenges, the CCUS market has the potential to capitalize on promising opportunities. Governments and industries investing in clean energy solutions, along with supportive policies and incentives, can drive the widespread adoption of CCUS technologies. Strategic collaborations between technology developers, industry players, and governments can accelerate innovation, reduce costs, and create a more favorable market landscape for CCUS.

The CCUS market's proactive engagement with emerging opportunities and collaborative approaches not only fosters its growth but also positions it as a key player in the transition to a low-carbon and sustainable future. The industry's commitment to technological advancements and market trends ensures a resilient and forward-looking trajectory for carbon capture, utilization, and storage.

Segments Overview

The global carbon capture, utilization, and storage market is segmented on the basis of service, technology, application, and region. By service, the market is categorized into capture, transportation, utilization, and storage. On the basis of technology, it is segregated into pre-combustion capture, oxy-fuel combustion capture, and post-combustion capture. Depending on application, it is fragmented into oil & gas, power generation, iron & steel, chemical & petrochemical, cement, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major companies profiled in this report are Royal Dutch Shell PLC, Fluor Corporation, Mitsubishi Heavy Industries, Ltd., Linde Plc, Exxon Mobil Corporation, JGC Holdings Corporation, Schlumberger Limited, Aker Solutions, Honeywell International Inc., and Halliburton. Other players operating in this market include C-Capture Ltd., Tandem Technical, Carbicrete, Hitachi, Ltd., Siemens AG, General Electric, Total S.A., and Equinor ASA.

Key Market Trends

On the basis of technology, the post-combustion capture segment registered the highest accounting for nearly half of the market share and is projected to maintain the same during the forecast period.
On the bais of service, the capture segment dominates the market accounting for more then two-third of the CCUS market share during the forecast period.
On the basis of application, oil and gas registered the highest market share accounting for nearly three-fifiths of the market share in 2022.
On the basis of region, North America dominates the highest market share accounting for more than two-fifiths of the market share in 2022.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the carbon capture, utilization, and storage (ccus) market analysis from 2022 to 2032 to identify the prevailing carbon capture, utilization, and storage (ccus) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the carbon capture, utilization, and storage (ccus) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global carbon capture, utilization, and storage (ccus) market trends, key players, market segments, application areas, and market growth strategies.

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Capital Investment breakdown
Investment Opportunities
Product Life Cycles
Upcoming/New Entrant by Regions
Technology Trend Analysis
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data

Key Market Segments

By Technology

Pre-Combustion Capture
Oxy-Fuel Combustion Capture
Post-Combustion Capture

By Application

Oil and Gas
Power Generation
Iron and Steel
Chemical and Petrochemical
Cement
Others

By Service

Capture
Transportation
Utilization
Storage

By Region

North America
- U.S.
- Canada
Europe
- France
- Netherlands
- UK
- Italy
- Norway
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA

Key Market Players:

Royal Dutch Shell PLC
Fluor Corporation
Mitsubishi Heavy Industries, Ltd.
Linde PLC
Exxon Mobil Corporation
JGC HOLDINGS CORPORATION
Schlumberger Limited
Aker Solutions
Honeywell International Inc.
Halliburton Company

Product Code: A12116

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Patent Landscape
3.7. Pricing Analysis
3.8. Key Regulation Analysis
3.9. Parent Market Overview

CHAPTER 4: CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) MARKET, BY SERVICE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Capture
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Transportation
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Utilization
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Storage
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) MARKET, BY TECHNOLOGY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Pre-Combustion Capture
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Oxy-Fuel Combustion Capture
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Post-Combustion Capture
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Oil and Gas
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Power Generation
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Iron and Steel
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Chemical and Petrochemical
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Cement
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country

CHAPTER 7: CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Service
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Service
  - 7.2.5.1.2. Market size and forecast, by Technology
  - 7.2.5.1.3. Market size and forecast, by Application
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Service
  - 7.2.5.2.2. Market size and forecast, by Technology
  - 7.2.5.2.3. Market size and forecast, by Application
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Service
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. France
  - 7.3.5.1.1. Market size and forecast, by Service
  - 7.3.5.1.2. Market size and forecast, by Technology
  - 7.3.5.1.3. Market size and forecast, by Application
  - 7.3.5.2. Netherlands
  - 7.3.5.2.1. Market size and forecast, by Service
  - 7.3.5.2.2. Market size and forecast, by Technology
  - 7.3.5.2.3. Market size and forecast, by Application
  - 7.3.5.3. UK
  - 7.3.5.3.1. Market size and forecast, by Service
  - 7.3.5.3.2. Market size and forecast, by Technology
  - 7.3.5.3.3. Market size and forecast, by Application
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Service
  - 7.3.5.4.2. Market size and forecast, by Technology
  - 7.3.5.4.3. Market size and forecast, by Application
  - 7.3.5.5. Norway
  - 7.3.5.5.1. Market size and forecast, by Service
  - 7.3.5.5.2. Market size and forecast, by Technology
  - 7.3.5.5.3. Market size and forecast, by Application
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Service
  - 7.3.5.6.2. Market size and forecast, by Technology
  - 7.3.5.6.3. Market size and forecast, by Application
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Service
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Service
  - 7.4.5.1.2. Market size and forecast, by Technology
  - 7.4.5.1.3. Market size and forecast, by Application
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Service
  - 7.4.5.2.2. Market size and forecast, by Technology
  - 7.4.5.2.3. Market size and forecast, by Application
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Service
  - 7.4.5.3.2. Market size and forecast, by Technology
  - 7.4.5.3.3. Market size and forecast, by Application
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Market size and forecast, by Service
  - 7.4.5.4.2. Market size and forecast, by Technology
  - 7.4.5.4.3. Market size and forecast, by Application
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Market size and forecast, by Service
  - 7.4.5.5.2. Market size and forecast, by Technology
  - 7.4.5.5.3. Market size and forecast, by Application
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Service
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Market size and forecast, by Service
  - 7.5.5.1.2. Market size and forecast, by Technology
  - 7.5.5.1.3. Market size and forecast, by Application
  - 7.5.5.2. Saudi Arabia
  - 7.5.5.2.1. Market size and forecast, by Service
  - 7.5.5.2.2. Market size and forecast, by Technology
  - 7.5.5.2.3. Market size and forecast, by Application
  - 7.5.5.3. UAE
  - 7.5.5.3.1. Market size and forecast, by Service
  - 7.5.5.3.2. Market size and forecast, by Technology
  - 7.5.5.3.3. Market size and forecast, by Application
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Market size and forecast, by Service
  - 7.5.5.4.2. Market size and forecast, by Technology
  - 7.5.5.4.3. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. Royal Dutch Shell PLC
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Fluor Corporation
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Mitsubishi Heavy Industries, Ltd.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Linde PLC
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Exxon Mobil Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. JGC HOLDINGS CORPORATION
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
9.7. Schlumberger Limited
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Aker Solutions
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. Honeywell International Inc.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. Halliburton Company
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments