The Global Carbon Capture, Utilization & Storage market is expected to reach $ 21.24 billion by 2026 growing at a CAGR of 24.5% during 2018 to 2026
CCUS is a process for reducing greenhouse gas emissions into the atmosphere by capturing CO2 from stationary sources and using the CO2 in new applications or storing the CO2 in underground storage sites. Growing emissions of carbon dioxide (CO2), increasing environmental concerns and technological advancements in non-power sectors are some of the major factors fuelling market growth. However, the high cost of the technology is hampering the market.
By Technology, post-combustion capture segment acquired steady growth due to its usage in various industries, such as natural gas and refinery treatment plants. Based on application, enhanced oil recovery (EOR) segment acquired significant growth owing to rising demand for extracting oil & gas from low permeability and unconventional reserves which include carbonate traps and tight sands.
Key Questions Answered in this Report:
How this market evolved since the year 2016
Market size estimations, forecasts and CAGR for all the segments presented in the scope
Key Market Developments and financials of the key players
Opportunity Analysis for the new entrants
SWOT Analysis of the key players
Fastest growing markets analyzed during the forecast period
Key Topics Covered:
1 Market Synopsis
2 Research Outline 2.1 Research Snapshot 2.2 Research Methodology 2.3 Research Sources 2.3.1 Primary Research Sources 2.3.2 Secondary Research Sources
3 Market Dynamics 3.1 Drivers 3.2 Restraints
4 Market Environment 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
6 Global Carbon Capture, Utilization & Storage Market, By Source 6.1 Introduction 6.2 Industrial Processes 6.3 Power Generation
7 Global Carbon Capture, Utilization & Storage Market, By Application 7.1 Introduction 7.2 Agriculture 7.3 Energy Sector 7.4 Enhanced Oil Recovery (EOR) 7.5 Feedstock For Chemicals And Polymers 7.6 Industrial 7.7 Secondary Construction Materials 7.8 Without Conversion
8 Global Carbon Capture, Utilization & Storage Market, By Service 8.1 Introduction 8.2 Capture Transportation 8.3 Carbon Capture 8.4 Carbon Storage
9 Global Carbon Capture, Utilization & Storage Market, By Geography 9.1 Introduction 9.2 North America 9.3 Europe 9.4 Asia Pacific 9.5 South America 9.6 Middle East & Africa