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 |
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| Companies studied |
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Frequently Asked Questions (FAQs)
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.
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 Highlights
The global carbon capture, utilization and storage (CCUS) technologies market should reach $3.4 billion by 2025 from $2.7 billion in 2020 at a compound annual growth rate (CAGR) of 4.6% for the forecast period of 2020 to 2025.
Report Highlights
The yearly and cumulative investment spending by separation technology was$ 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 Highlights
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.
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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