Carbon Capture and Storage Market Research Report - Forecast to 2027

Carbon Capture and Storage Market / CCS Market Research Report: Information by Technology (Pre-combustion, Post-combustion, Oxy-fuel Combustion), Applications (EOR, Agriculture, Industrial), End-Use (Iron Steel, Oil and Gas, Chemical, and Others) and Region– Forecast till 2027

ID: MRFR/E&P/1330-HCR | February 2021 | Region: Global | 128 pages

Impact of COVID-19 on the Global Carbon Capture and Storage Market
Carbon Capture and Storage Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


Industrial processes and electricity generation using fossil fuels are taking place across the world, including the US, China, and India. These activities are integrated with carbon capture, utilization, and storage (CCUS) technologies to reduce their environmental impact. Carbon capture and storage has gained significant attention in the recent past. Moreover, with a supportive regulatory framework and financial aid, carbon abatement technologies have gained significant traction across several industries. However, the COVID-19 pandemic has significantly affected the carbon capture and storage market. The COVID-19 outbreak has negatively impacted the global economy, resulting in a financial crisis for all industries. Additionally, the potential economic slowdown will impact the investment decisions of several companies during the recovery phase of the global economy, leading to the potential delay of large-scale climate change projects aimed at reducing carbon emissions.


FIGURE: LARGE-SCALE CARBON CAPTURE AND STORAGE FACILITIES WORLDWIDE, AS OF 2019
LARGE-SCALE CARBON CAPTURE


Source: Secondary Sources


The pandemic has impacted the carbon dioxide market to a greater extent in the US. As many businesses are closed and came to a halt, in the first quarter of the FY’2020, Renewable Fuels Association (RFA) announced that the ethanol plants in the US would be cutting output due to declining demand. Furthermore, the US ethanol producers had to shut down nearly two billion gallons of capacity on an annualized basis. Additionally, biofuels producers have also been impacted as all the major industries have attempted to contain the virus by shutting down the businesses. These factors have impacted the carbon capture and storage market, which is an important part of the carbon industry. On the other hand, Italy has also witnessed a greater impact on the carbon industry, as prices of gas and CO2 are low owing to delayed projects. The current capture prices do not justify the investments, and thus new entrants might have to wait for the market to stabilize in the next few months. This is expected to restrict the growth of the global carbon capture and storage market.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Carbon Capture and Storage, By Technology

5.1 Introduction

5.2 Pre-combustion

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Post-combustion

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Oxy-fuel combustion

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Carbon Capture and Storage, By Applications

6.1 Introduction

6.2 EOR

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Agriculture

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Industrial

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Carbon Capture and Storage, By End-Use

7.1 Introduction

7.2 Iron steel

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Oil and gas

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Chemical

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Carbon Capture and Storage, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Technology, 2020-2027

8.2.3 Market Estimates & Forecast by Applications, 2020-2027

8.2.4 Market Estimates & Forecast by End-Use, 2020-2027

8.2.5 U.S.

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.2.5.3 Market Estimates & Forecast by Applications, 2020-2027

8.2.5.4 Market Estimates & Forecast by End- User, 2020-2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.2.5.3 Market Estimates & Forecast by Applications, 2020-2027

8.2.5.4 Market Estimates & Forecast by End- User, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.3 Market Estimates & Forecast by Applications, 2020-2027

8.3.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3.5 Russia

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.5.3 Market Estimates & Forecast by Applications, 2020-2027

8.3.5.4 Market Estimates & Forecast by End- User, 2020-2027

8.3.6 Norway

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.6.3 Market Estimates & Forecast by Applications, 2020-2027

8.3.6.4 Market Estimates & Forecast by End- User, 2020-2027

8.3.7 Rest of Europe

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Technology, 2020-2027

8.3.7.3 Market Estimates & Forecast by Applications, 2020-2027

8.3.7.4 Market Estimates & Forecast by End- User, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.3 Market Estimates & Forecast by Applications, 2020-2027

8.4.4 Market Estimates & Forecast by End-Use, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.5.3 Market Estimates & Forecast by Applications, 2020-2027

8.4.5.4 Market Estimates & Forecast by End- User, 2020-2027

8.4.6 Australia

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.6.3 Market Estimates & Forecast by Applications, 2020-2027

8.4.6.4 Market Estimates & Forecast by End- User, 2020-2027

8.4.7 Rest of Asia-Pacific

8.4.71 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Technology, 2020-2027

8.4.7.3 Market Estimates & Forecast by Applications, 2020-2027

8.4.7.4 Market Estimates & Forecast by End- User, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Technology, 2020-2027

8.5.3 Market Estimates & Forecast by Applications, 2020-2027

8.5.4 Market Estimates & Forecast by End-Use, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Technology, 2020-2027

8.6.3 Market Estimates & Forecast by Applications, 2020-2027

8.6.4 Market Estimates & Forecast by End-Use, 2020-2027

8.7 Rest of the World

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Technology, 2020-2027

8.7.3 Market Estimates & Forecast by Applications, 2020-2027

8.7.4 Market Estimates & Forecast by End-Use, 2020-2027

9 Competitive Landscape

10 Company Profile

10.1 Fluor Corporation (U.S.)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Cansolv Technologies Inc (Canada)

10.2.1 Company Overview

10.2.2 Product/Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Dakota Gasification Company (U.S.)

10.3.1 Company Overview

10.3.2 Product/Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Aker Solutions (U.S.)

10.4.1 Company Overview

10.4.2 Product/Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Japan CCS (Japan)

10.5.1 Company Overview

10.5.2 Product/Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 NRG Energy (U.S.)

10.6.1 Company Overview

10.6.2 Product/Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 The Linde Group (Germany)

10.7.1 Company Overview

10.7.2 Product/Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Chevron Corporation (U.S.)

10.8.1 Company Overview

10.8.2 Product/Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

11 Conclusion

12 Appendix

List of Tables

Table 1 Global Carbon Capture and Storage Market: By Region, 2020-2027

Table 2 North America Carbon Capture and Storage Market: By Country, 2020-2027

Table 3 Europe Carbon Capture and Storage Market: By Country, 2020-2027

Table 4 Asia Pacific Carbon Capture and Storage Market: By Country, 2020-2027

Table 5 RoW Carbon Capture and Storage Market: By Country, 2020-2027

Table 6 Global Carbon Capture and Storage Market by Technology : By Regions, 2020-2027

Table 7 North America Carbon Capture and Storage Market by Technology : By Country, 2020-2027

Table 8 Europe Carbon Capture and Storage Market by Technology : By Country, 2020-2027

Table 9 Asia Pacific Carbon Capture and Storage Market by Technology : By Country, 2020-2027

Table 10 RoW Carbon Capture and Storage Market by Technology : By Country, 2020-2027

Table 11 Global Carbon Capture and Storage Market, by Application, By Regions, 2020-2027

Table 12 North America Carbon Capture and Storage Market, by Application, By Country, 2020-2027

Table 13 Europe Carbon Capture and Storage Market, by Application, By Country, 2020-2027

Table 14 Asia Pacific Carbon Capture and Storage Market, by Application By Country, 2020-2027

Table 15 RoW Carbon Capture and Storage Market, by Application, By Country, 2020-2027

Table 16 Global Carbon Capture and Storage Market: By Region, 2020-2027

Table 17 North America Carbon Capture and Storage Market, By Country

Table 18 North America Carbon Capture and Storage Market, by Technology

Table 19 North America Carbon Capture and Storage Market, By Application

Table 20 Europe: Carbon Capture and Storage Market, By Country

Table 21 Europe: Carbon Capture and Storage Market, by Technology

Table 22 Europe: Carbon Capture and Storage Market, By Application

Table 23 Asia Pacific: Carbon Capture and Storage Market, By Country

Table 24 Asia Pacific: Carbon Capture and Storage Market, by Technology

Table 25 Asia Pacific: Carbon Capture and Storage Market, By Application

Table 26 RoW: Carbon Capture and Storage Market, By Region

Table 27 RoW Carbon Capture and Storage Market, by Technology

Table 28 RoW Carbon Capture and Storage Market, By Application

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL CARBON CAPTURE AND STORAGE MARKETSHARE, BY TECHNOLOGY 2020 (%)

FIGURE 9 GLOBAL CARBON CAPTURE AND STORAGE MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL CARBON CAPTURE AND STORAGE MARKETSHARE, BY APPLICATION, 2020 (%)

FIGURE 11 GLOBAL CARBON CAPTURE AND STORAGE MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 12 NORTH AMERICA CARBON CAPTURE AND STORAGE MARKETSHARE (%), 2020

FIGURE 13 NORTH AMERICA CARBON CAPTURE AND STORAGE MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 14 EUROPE CARBON CAPTURE AND STORAGE MARKETSHARE (%), 2020

FIGURE 15 EUROPE CARBON CAPTURE AND STORAGE MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 ASIA PACIFIC CARBON CAPTURE AND STORAGE MARKETSHARE (%), 2020

FIGURE 17 ASIA PACIFIC CARBON CAPTURE AND STORAGE MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 REST OF THE WORLD CARBON CAPTURE AND STORAGE MARKETSHARE (%), 2020

FIGURE 19 REST OF THE WORLD CARBON CAPTURE AND STORAGE MARKETBY COUNTRY, 2020-2027 (USD MILLION)