The Carbon Capture And Storage Global Market Report 2023, provides comprehensive information on the carbon capture and storage market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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As per The Business Research Company’s Carbon Capture And Storage Global Market Report 2023, the market size is expected to grow from $4.77 billion in 2022 to $5.43 billion in 2023 at a compound annual growth rate (CAGR) of 13.72%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global carbon capture and storage market size is expected to reach $9.39 billion in 2027 at a CAGR of 14.69%
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Product innovations are a key trend gaining popularity in the carbon capture and storage market. Major companies operating in the carbon capture and storage market are focused on developing innovative products to strengthen their position in the market. For instance, in August 2021, Exxon Mobil Corporation, a US-based company that operates in the carbon capture and storage and oil and gas sectors, collaborated with Berkeley and Lawrence Berkeley National Laboratory and the University of California to discover tetraamine-functionalized metal organic frameworks, a new material to enhance carbon capture technology. It is a novel substance that could use low-temperature steam to capture more than 90% of the CO2 generated from industrial sources, such as natural gas-fired power plants, using less energy overall. When compared to traditional amine-based carbon capture technologies, these materials can capture carbon dioxide emissions up to six times more efficiently. The material has the potential to lower the cost of the technology and eventually support commercial applications because it requires less energy to capture and remove carbon.
The carbon capture and storage market is segmented:
1) By Product: Pre-Combustion, Industrial Process, Post Combustion, Oxy-Combustion
2) By Service: Capture, Transportation, Utilization, Storage
3) By End-Use Industry: Oil And Gas, Coal And Biomass Power Plant, Iron And Steel, Chemicals, Other End-Use Industries
North America was the largest region in the carbon capture and storage market in 2022.
Top 5 Major Key Players Are:
Aker Solutions
Dakota Gasification Company
Equinor ASA
Fluor Corporation
Linde PLC
Table Of Contents
1. Executive Summary
2. Carbon Capture And Storage Market Characteristics
3. Carbon Capture And Storage Market Trends And Strategies
4. Carbon Capture And Storage Market – Macro Economic Scenario
5. Carbon Capture And Storage Market Size And Growth
……..
26. Africa Carbon Capture And Storage Market
27. Carbon Capture And Storage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Carbon Capture And Storage Market
29. Carbon Capture And Storage Market Future Outlook and Potential Analysis
30. Appendix
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