Carbon Capture, Utilization & Storage Technologies

Report Code: EGY037G

Publish Date: Feb 2025

Publisher: BCC Publishing

Category: Energy

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Report Highlights

The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.

Report Includes

  • 67 data tables and 69 additional tables
  • An overview of the global market for carbon capture, utilization, and storage (CCUS) technologies
  • Analyses of global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025 and 2027, and projections of compound annual growth rates (CAGRs) through 2029
  • Analysis of market dynamics, trends, opportunities and factors influencing the global CCUS technologies market and its subsegments
  • An evaluation of the market potential for CCUS technologies on the basis of technologies, industry, service and region
  • Description of the CCUS value chain, climate policies and regulation of the industry
  • Discussion of the importance of carbon capture technologies for achieving climate objectives, and expanding the portfolio of low-carbon power sources, and information on net-zero and negative emissions
  • A discussion of the industry’s ESG challenges and practices
  • Analysis of the competitive landscape and major stakeholders
  • Evaluation of the companies best positioned to meet the current and future demand for CCUS technologies due to their proprietary technologies and strategic alliances
  • Profiles of the leading companies, including Air Liquide, Aker Carbon Capture, BASF SE, ExxonMobil and Fluor.

Report Scope

This report analyzes the global market for CCUS technologies and its market dynamics. The market size has been provided in value ($ millions) and volume (thousand tons). All tons in this report are metric tons, or MTs (2,205 lbs.), not U.S. tons (2,000 lbs.) unless otherwise noted. The British spelling “tonne” is not used in this report. The report includes a discussion of the technological, competitive and economic trends affecting the market.

The report briefly covers CCUS technology segments. The global CCUS technologies market has been analyzed by technology, services, industry and region. The report concludes with profiles of 15 companies operating in the global CCUS technologies market.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $2.8 billion
Market size forecast $9.6 billion
Growth rate CAGR of 23.1% for the forecast period of 2024-2029
Units considered $ Millions
Segments covered Technology, Service, Industry, and Region
Regions covered North America, Europe, Asia-Pacific, South Africa, and the Middle East and Africa
Key Market Drivers
  • Growing demand for carbon-neutral products.
  • Rise of CCUS hubs.
  • Renewed momentum around CCUS projects.
  • Synergies with carbon dioxide removal (CDR) technologies.
Companies studied
AIR LIQUIDEAKER CARBON CAPTURE ASA
BASF SEEXXON MOBIL CORP.
FLUOR CORP.GE VERNOVA
HONEYWELL INTERNATIONAL INC.LINDE PLC.
MITSUBISHI HEAVY INDUSTRIES LTD.SFW
SHELL PLC.SIEMENS ENERGY
SVANTE TECHNOLOGIES INC.TOSHIBA CORP.
TOTALENERGIES
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Frequently Asked Questions (FAQs)

The global carbon capture, utilization & storage technologies market was valued at $2.8 billion in 2023 and is expected to reach $9.6 billion by the end of 2029 at a CAGR of 23.1%.
Government support for carbon capture projects, increasing demand from the oil and gas industry for enhanced oil recovery, and increasing focus on carbon credits are key factors driving the market.
The segments covered in the market are technology, service, and industry. The technology segmentation includes pre-combustion, post-combustion, and oxy-fuel combustion technologies. The service segment includes carbon capture, transportation, storage, and utilization. Its industry segment includes oil and gas, power generation, chemical and petrochemicals, and other industries. Other industries include cement, iron and steel, hydrogen, and ammonia.
The carbon capture segment will dominate the market by the end of 2029.
The oil and gas segment will dominate the market by the end of 2029.
The market has been classified into five regions: Asia-Pacific, South America, Europe, MEA, and North America. North America holds the leading market share due to the presence of prominent technology suppliers, robust technology infrastructure, a surge in demand for CCUS technologies, and increasing carbon capture capacity by companies in the region, especially in the bioenergy sector.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Carbon Capture, Utilization & Storage Technologies178Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview18Free
Chapter- 3: Market Dynamics6Free
Chapter- 4: Emerging Technologies and Developments4Free
Chapter- 5: Market Segment Analysis78Free
Chapter- 6: Competitive Intelligence6Free
Chapter- 7: Appendix62Free
Published - Apr-2022| Analyst - BCC Publishing| Code - EGY037F

Report Highlights

The global carbon capture, utilization and storage (CCUS) technologies market should reach $5.2 billion by 2026 from $2.6 billion in 2021 at a compound annual growth rate (CAGR) of 15.0% for the forecast period of 2021 to 2026.

Report Includes

  • 84 data tables and 67 additional tables
  • An updated overview of the global market for carbon capture, utilization, and storage (CCUS) technologies
  • Estimation of the market size, both in terms of volume and value, and analyses of the global market trends, with data from 2020 to 2021, estimates for 2022-2025, with projection of CAGR through 2026
  • Identification of key market dynamics, trends, opportunities and factors influencing the global carbon, capture utilization & storage technologies market and its subsegments
  • Highlights of the market potential for carbon, capture utilization & storage technologies market on the basis of technologies, source, applications, service and region
  • Description of CCUS value chain, climate policies and regulation of the industry such as Kyoto Protocol and Carbon Pricing
  • Discussion on importance of carbon capture technologies for achieving climate objectives, and widening the portfolio of low-carbon power sources, and information on Net-Zero and Negative Emissions
  • Insights into the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Evaluation of the companies best positioned to meet the current and future demand of carbon, capture utilization and storage technologies owing to their proprietary technologies, strategic alliances, or other advantages
  • Company profiles of the market leading participants, including Air Liquide, BASF SE, General Electric, Linde AG and Schlumberger Ltd.
Published - Dec-2020| Analyst - BCC Publishing| Code - EGY037E

Report Highlights

The global carbon capture, utilization and storage (CCUS) technologies market should reach $3.4 billion by 2025 from $2.7 billion in 2020 at a compound annual growth rate (CAGR) of 4.6% for the forecast period of 2020 to 2025.

Report Includes

  • 129 data tables and 22 additional tables
  • An updated overview of the global market for carbon capture, utilization and storage (CCUS) technologies
  • Analyses of the global market trends, with data from 2019, estimates from 2020 to 2024, and projections of compound annual growth rates (CAGRs) through 2025
  • Identification of key market dynamics, trends, opportunities, and factors influencing the global carbon, capture utilization & storage technologies market and its sub-segments
  • Estimation of the actual market size and revenue forecasts for overall carbon, capture utilization & storage technologies market in global and deep dive into the data on the basis of technologies, source, applications, service, and country
  • Insight into the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Evaluation of the companies best positioned to meet the current and future demand of carbon, capture utilization and storage technologies owing to their proprietary technologies, strategic alliances, or other advantages
  • Company profiles of the market leading participants, including BASF SE, Carbon8, Empower Materials, Liquid Light Inc., Oakbio, Pioneer Energy and Solidia Technologies.
Published - Feb-2015| Analyst - Nelly Puren| Code - EGY037D

Report Highlights

The yearly and cumulative investment spending by separation technology was$ 6.8 billion in 2014. It is estimated that the spending will be $6.8 billion in 2015 and $1 billion in 2019, with a compound annual growth rate (CAGR) of -32%.

Report Includes

  • An overview of the global market for carbon capture and storage, and related technologies and applications.
  • Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2019.
  • Information on the status of competing carbon capture technologies as well as global technological research and development (R&D) for carbon capture technologies
  • Analysis of the costs to the purchasers of carbon capture equipment, and also analysis of the impact to the consumer
  • Insight into what technologies are emerging that could compete with existing technologies in use or displace those technologies
  • An in-depth patent analysis
  • Comprehensive profiles of major players in the industry and how these companies are positioning their technology to compete against other technologies.
Published - Jan-2011| Analyst - Anna Welch Crull| Code - EGY037C

Report Highlights

Report Includes

  • The status of competing technologies as well as technological research and development for systems designed to mitigate global warming
  • Analyses of global market trends, with data from 2009, estimates for 2010, and projections of compound annual growth rates (CAGRs) through 2015
  • Coverage of technologies that are able to capture carbon dioxide from stationary sources at the point of emission; the report, however, does not evaluate technologies that are used to capture other global warming gases such as methane
  • Examination of current and pending U.S., state, and international regulations governing the emission of carbon dioxide
  • Comprehensive company profiles and patent evaluations.

Published - May-2008| Analyst - Alton Parrish| Code - EGY037B

Report Highlights

  • The global market for carbon capture technologies increased from $80.2 billion in 2006 to $88.7 billion in 2007. It should reach $236.3 billion by 2012, a compound annual growth rate (CAGR) of 21.8%.
  • The post-combustion segment has the largest share of the market and is expected to generate about $10 billion per year in spending at a CAGR of 15.7% between 2007 and the end of 2012.
  • Global government and private research spending for carbon capture technologies is expected to remain at approximately $2.1 billion to $2.4 billion per year between 2007 and the end of 2012.

Published - Dec-2004| Analyst - Edward Gobina| Code - EGY037A

Report Highlights

  • Carbon dioxide demand as an industrial gas will increase at an AAGR (average annual growth rate) of 2.4% from $3.2 billion in 2003 to $3.6 billion in 2008.
  • Energy-related CO2 emissions will increase at an AAGR of 2.4%, unchanged from the 2000-2003 period, due to increased use of natural gas for power generation and the adoption of carbon trading mechanisms.
  • Global CO2 concentration will increase at an AAGR corresponding to 1.6% to 859 gigatons.
  • CO2 trading rose from 8 million tons/year in 2000 to 29 million tons in 2003 and will continue to climb at an AAGR of 38.7% through 2008.

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Carbon Capture, Utilization & Storage Technologies
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