Carbon Capture, Utilization, And Storage Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery

“Carbon Capture, Utilization, And Storage Global Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery” from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global carbon capture, utilization, and storage market as it emerges from the COVID-19 shut down.

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Where is the largest and fastest growing market for carbon capture, utilization, and storage? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? “The carbon capture, utilization, and storage market global report” from The Business Research Company answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider carbon capture, utilization, and storage market; and compares it with other markets.

The report covers the following chapters:

• Executive Summary - The executive summary gives a brief overview and summary of the report.

• Report Structure - This section gives the structure of the report and the information covered in the various sections.

• Introduction - The introduction gives brief introduction about segmentation by geography, segmentation by technology, segmentation by service and segmentation by end-use industry.

• Market Characteristics - The market characteristics defines and explains the carbon capture, utilization and storage market. This chapter also defines and describes goods and related services. covered in the report.

• Trends And Strategies - This chapter describes the major trends shaping the global carbon capture, utilization and storage market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.

• Impact of COVID-19 - This section describes the impact of COVID-19 on the carbon capture, utilization and storage market.

• Global Market Size And Growth - This section contains the global historic (2015-2020) and forecast (2020-2025 and 2025-2030) market values, drivers and restraints that support and control the growth of the market in the historic and forecast periods.

• Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025 and 2025-2030) market values, growth and market share comparison by region.

• Segmentation - This section contains the market values (2015-2030) and analysis for different segments.

• Global Macro Comparison - The global carbon capture, utilization and storage market comparison with macro-economic factors gives the carbon capture, utilization and storage market size, percentage of GDP, and average carbon capture, utilization and storage market expenditure.

• Regional Market Size and Growth - This section contains the region's current market size (2020), historic (2015-2020) and forecast (2020-2025 and 2025-2030) market values, growth and market share comparison of countries within the region. This report includes information on all regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.

• Competitive Landscape - This section covers details on the competitive landscape of the global carbon capture, utilization and storage market, estimated market shares and company profiles for the leading players.

• Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report and provides key financial details of mergers and acquisitions which have shaped the market in recent years.

• Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.

• Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for carbon capture utilization and storage companies in terms of product/service offerings, geographic expansion, price offerings, marketing strategies and target groups.

• Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in the report.

Scope

Markets Covered:

• 1) By Technology: Pre-Combustion; Post-Combustion; Oxygen-Fuel Combustion

• 2) By Service: Capture; Transportation; Utilization; Storage

• 3) By End-Use Industry: Oil And Gas; Power Generation; Iron And Steel; Chemical And Petrochemical; Cement; Others

• Companies Mentioned: Royal Dutch Shell Plc.; Aker Solutions; Linde Plc; Fluor Corporation; Mitsubishi Heavy Industries, Ltd.

• Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; carbon capture, utilization, and storage indicators comparison.

• Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

This report describes and evaluates the global carbon capture, utilization and storage market. It covers three five-year periods: 2015-2020, termed the historic period, and the forecast periods of 2020-2025 and 2025-2030. The report evaluates the market across each region as well as for the major economies within each region.

The global carbon capture, utilization, and storage market grew from $1,491.8 million in 2015 to $1,816.8 million in 2020 at a compound annual growth rate (CAGR) of 4.0%. The global carbon capture, utilization, and storage market is expected to grow from $1,816.8 million in 2020 to $3,182.6 million in 2025 at a compound annual growth rate (CAGR) of 11.9%. The market is expected to grow to $6,085.3 million in 2030 at a compound annual growth rate (CAGR) of 13.8%.

Growth in the historic period resulted from strong economic growth in emerging markets, increase in focus on reducing carbon dioxide (CO2) emissions, and increased demand from the medical industry. Factors that negatively affected growth in the historic period were safety, and changing regulations. Going forward, supportive government initiatives, increase in investments, rising focus on reducing co2 emissions, growing demand from the oil and gas industry, and carbon capture providing financially lucrative opportunities. Factors that could hinder the growth of the carbon capture, utilization, and storage market in the future include high capital cost, impact of COVID-19, and reduction in free trade.

The carbon capture, utilization, and storage market is segmented by technology into pre-combustion, post-combustion and oxy-fuel combustion. The post combustion market was the largest segment of the carbon capture, utilization, and storage market segmented by technology, accounting for 53.6% of the total in 2020 and oxy-fuel combustion segment is expected to be the fastest growing segment going forward, at a CAGR of 12.8% during 2020-2025.

The carbon capture, utilization, and storage market is segmented by service into capture, transportation, utilization, and storage. The capture market was the largest segment of the carbon capture, utilization, and storage market segmented by service, accounting for 44.9% of the total in 2020 and storage segment is expected to be the fastest growing segment going forward, at a CAGR of 13.3% during 2020-2025.

The carbon capture, utilization, and storage market is segmented by end-use industry into oil and gas, power generation, iron and steel, chemical and petrochemical, cement, and others. The oil and gas market was the largest segment of the carbon capture, utilization, and storage market segmented by end-use industry, accounting for 60.9% of the total in 2020 and iron and steel segment is expected to be the fastest growing segment going forward, at a CAGR of 13.2% during 2020-2025.

North America was the largest region in the global carbon capture, utilization, and storage market, accounting for 34.9% of the total in 2020. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the carbon capture, utilization, and storage market will be Eastern Europe, and Asia Pacific, where growth will be at CAGRs of 14.6% and 14.2% respectively. These will be followed by Middle East and Africa, where the markets are expected to grow at CAGRs of 13.0% and 12.8% respectively, during 2020-2025.

The carbon capture, utilization, and storage market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 25.71% of the total market in 2020. Major players in the market Royal Dutch Shell Plc, Aker Solutions, Linde PLC, Fluor Corporation, Mitsubishi Heavy Industries, Ltd.

The top opportunities in the carbon capture, utilization, and storage market segmented by technology will arise in the post combustion segment, which will gain $696.8 million of global annual sales by 2025. The top opportunities in the carbon capture, utilization, and storage market segmented by end use industry will arise in the oil and gas segment, which will gain $803.2 million of global annual sales by 2025. The top opportunities in the carbon capture, utilization, and storage market segmented service will arise in the capture segment, which will gain $574.0 million of global annual sales by 2025. The carbon capture, utilization, and storage market size will gain the most in the USA at $322.3 million.

Market-trend-based strategies for the carbon capture, utilization, and storage market include carbon dioxide supply to greenhouses, strategic investments, partnerships and acquisitions, adopting IOT technology, implementation of cop26 to limit global warming.

Player-adopted strategies in the carbon capture, utilization, and storage market include to focus on strengthening by new projects with big companies, focus on strengthening technological capabilities, accepting new and big projects, strategic acquisition and collaboration with companies having advanced technology.

To take advantage of these opportunities, The Business Research Company recommends the carbon capture, utilization, and storage companies focus on expanding carbon capture, utilization and storage equipment capacity, focus on carbon capture services, focus on IoT enabled equipment and smart devices, focus on emerging markets, consider opportunities in developed markets, cost-plus pricing, B2B promotion, partnership marketing, focus on the oil and gas industry, secure government contracts.