Carbon Capture and Storage Market Research Report - Forecast to 2030

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 2030

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

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)

Carbon Capture and Storage Market

Carbon Capture and Storage Market share is set to grow healthily and register a valuation of USD 9.56 billion CAGR 15% by the end of 2027.

Segmentation

By Technology Pre Combustion Post Combustion Oxy Fuel Combustion
By Application Eor Agriculture Industrial
By End Use Iron Steel Oil And Gas Chemical Others

Key Players

  • Fluor Corporation (U.S.)
  • Cansolv Technologies Inc (Canada)
  • Dakota Gasification Company (U.S.)
  • Aker Solutions (U.S.)
  • Japan CCS (Japan)
  • NRG Energy (U.S.)
  • The Linde Group (Germany)
  • Chevron Corporation (U.S.)
  • Climeworks AG (Switzerland)
  • Shell (U.S.)

Drivers

  • Rising CO2 emission and the growing energy demands
  • Clean technologies
  • Reduction of consumption of coal in emerging countries
  • Technological advancements Renewable energy production
  • Extensive implementation of CCS technology
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Carbon Capture and Storage Market Overview


The Carbon Capture and Storage Market cater to environmental pollution remediation and carbon emissions from the earth. The market is set to grow healthily and register a valuation of USD 9.56 billion CAGR 15% by the end of 2027. The market is used in the industries of natural gas, power generation, hydrogen, fertilizers, oil reefing and also in other industries.


The increase in the demand for the growth of the Carbon Capture and Storage Market is because of the factors that increase the R&D spending across the world. The process which is referred to as the Carbon Capture and Storage Market is the capturing of the carbon dioxide emissions from the products like coal-fired power plants and either reusing or storing the emitted carbon dioxide gas to safeguard the atmosphere to avoid pollution. Electric power generation is the largest and dominating source for the emission of carbon dioxide. The main beneficiary activities that cause the demand for the growth of the Carbon Capture and Storage Market is the increase in the awareness of the greenhouse gas emission and also that saves the environment from pollution.   


COVID Analysis


The spread of the pandemic across the world has brought a great impact on the growth of many industries. To avoid the spread of the virus across the world many governments have provided many restrictions and implemented the lock down to avoid the spread of the pandemic. The lock restriction was strict and because of this, the people were advised to stay at their homes. Due to many restrictions for the numerous sectors and were suffering.


Due to the loss of the Carbon Capture and Storage Market Size, many major and small-sized industries also faced a huge loss and even they don't have enough funds for the production. So they are expecting some investors to invest for the investment in manufacturing the products in the future.


Market Dynamics



  • Crucial Market drivers


There are some of the main drivers which pave the way for the growth of the Carbon Capture and Storage Market Share. Many governments are taking serious actions against climate change and polluting the atmosphere. So these kinds of actions to protect the atmosphere is also one of the main drivers which increase the Carbon Capture and Storage Market Growth. Additionally, the adoption of the market also helps in the reduction of the carbon dioxide on the surface. Then the less consumption of coal and the clean technology is also one of the drivers which focus on the Carbon Capture and Storage Market Growth.



  • The market growth opportunities


The increase in the emission of CO2 in various industries is a growing opportunity for the Carbon Capture and Storage Market. some of the industries are food and beverage, manufacturing, metal fabrication, number of industrial projects, oil field recovery. Also, the awareness among the people and the government's restrictions are some of the growth opportunities of the Carbon Capture and Storage Market Value.



  • The market restraints


The main restraining factor for the growth of the Carbon Capture and Storage Industry is the high-cost effectiveness in setting the large scale carbon storage or capture facility is very difficult which is the main restraining factor. Secondly, the operational costs efficiency of the carbon capture facility is also one of the restraining factors.



  • The market challenge


There are some of the challenges which are faced by the Carbon Capture and Storage Industry. The availability of the Carbon Capture and Storage Industry in the future with the affordable cost in all the developed and undeveloped countries for the necessary storage of the CO2 to protect the atmosphere is the main challenge for the Carbon Capture and Storage Industry.


Cumulative growth analysis


The overall growth of the Carbon Capture and Storage Market is steady before the spread of the pandemic. And also it has gained double the market value because of its driving factor. Later on, after the spread of the pandemic, the growth value has been reduced and the market suffered a lot to retain its position. But during the post-pandemic period, the market value is raising and became steady. It is expected that it will reach its height during the forecast period.


Value chain analysis


The growth analysis of the Carbon Capture and Storage Market is steady because of its driving factor. There are also many driving factors like the usage of the market in various industries, the strict standard of the government to control the emission of CO2. Then the people's awareness to control the emission is also one of the main reasons for the growth.


Market segment overview


By capture technology


  • Pre combustion capture

  • Oxy-fuel combustion capture

  • Post-combustion capture


By end-user


  • Natural gas

  • Power generation

  • Hydrogen

  • Fertilizers

  • Oil refining

  • Others


By service


  • Capture

  • Transportation

  • Storage

  • Utilization


By utilization technology


  • Uptake

  • Catalytic conversion

  • Mineralization


By Region

North America



  • US

  • Canada


Latin America



  • Mexico

  • Brazil

  • Peru

  • Chile

  • Others


Western Europe



  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Nordic countries

  • Belgium

  • Netherlands

  • Luxembourg


Eastern Europe



  • Poland

  • Russia


Asia Pacific



  • India

  • Japan

  • China

  • ASEAN

  • Australia

  • New Zealand


The Middle East and Africa



  • GCC

  • Southern Africa

  • North Africa


Competitive landscape


The growth of the Carbon Capture and Storage Market is because of the support of the key players. The key players are working with different thoughts and different strategies to get their market growth to a greater level. They are also working to get back their marketplace after the spread of the pandemic. It is been known that the key players are wishing to collaborate with other small or medium-sized players so that they can not find the difficulty in building or operating the storage by spending the huge amount of the cost will not be that difficult for the manufacturers.


Regional analysis


The main region which is focusing on the growth of the market is North America, Asia Pacific, Europe and the rest of the world. the main region which focuses on the growth of the Carbon Capture and Storage Market in North America. This region holds the dominating share which leads to the growth of the revenue is because of their importance for the growth of the CCS market. The highest growing region in North America in the recent day. But it is sure that the Asia Pacific region will gain growth in the forecasting period, this growth is because of the early development stage projects.


It is expected that the growth of the other regions like Europe, Middle East, Africa and Latin America are the getting better during the forecast period. These regions are expected to gain their growth in the future.


Key players



  • Fluror corporation

  • Exxon Mobil corporation

  • Linde Plc

  • Royal dutch shell Plc

  • Mitsubishi heavy industries limited

  • JGC holdings corporation

  • Schlumberger limited

  • Aker solutions

  • Honeywell International Inc

  • Equinor ASA

  • Total energies SE


Recent developments



  • In April 2020, Aker solutions received the technological approval for the opening and functioning of the CCS tech from a Norwegian technical advisor

  • In May 2019, a collaboration with eleven or more companies have introduced the launch of the CCS demonstration project known as the DMX project

  • In May 2020, the Royal dutch shell company collaborated with the Equinor ASA and the Total SE had a huge investment in the northern lights carbon capture and storage which is located in Norway.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 9.56 Billion
  • 2030: Significant Value
  •   CAGR   15% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Technology, Applications, End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Fluor Corporation (U.S.), Cansolv Technologies Inc (Canada), Dakota Gasification Company (U.S.), Aker Solutions (U.S.), Japan CCS (Japan), NRG Energy (U.S.), The Linde Group (Germany), Chevron Corporation (U.S.), Climeworks AG (Switzerland), and Shell (U.S.).
      Key Market Opportunities    Rising CO2 emission and the growing energy demands
      Key Market Drivers

  • Clean technologies
  • Reduction of consumption of coal in emerging countries
  • Technological advancements
  • Renewable energy production
  • Extensive implementation of ccs technology


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    Frequently Asked Questions (FAQ) :

    Fluor Corporation, carbon engineering, equinor, siemens, shell, BP are the major key players available in the Carbon Capture and Storage Market.

    The main driving force is the government increasing their standard to protect the atmosphere from getting polluted. Then also the awareness among the people about the emission of the carbon dioxide to the surface which affects the environment. The growth of the key players to reduce the emission of carbon dioxide.

    A CAGR of 15% is predicted to enhance the growth potential of the global market in the coming years.

    The enhanced oil recovery (EOR) segment is foreseen to show an unparalleled development rate in the forecast period.

    CCS technologies have significant potential to reduce CO₂ emissions in energy systems. Facilities with CCS can capture almost all of the CO₂ they produce (some currently capture 90 or even 100 percent)

    CCS could help mitigate global warming. The strategy is to trap CO2 where it is produced at power plants that burn fossil fuels and at factories so that the greenhouse gas isn't spewed into the air.