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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.
INTRODUCTION
Report Highlights
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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.
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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.
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Global CO2 concentration will increase at an AAGR corresponding to 1.6% to 859 gigatons.
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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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