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Global Carbon Capture and Sequestration Market: By Capture Source: Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, Others; By Service; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Carbon Capture and Sequestration Market Outlook

The global carbon capture and sequestration market reached a value of about USD 6.3 billion in 2021. The market is further estimated to grow at a CAGR of 10.90% in the forecast period of 2022-2027 to reach a value of around USD 10.57 billion by 2027.

 

Rising Utilisation of Carbon Capture and Sequestration for Enhanced Oil Recovery (EOR) to Propel the Market Growth of Carbon Capture and Sequestration

Based on end-use, the growing demand for enhanced oil recovery (EOR) segment is driving the market growth of carbon capture and sequestration. The ever-increasing demand for oil worldwide is playing a critical role in the application of carbon capture and sequestration technologies to derive oil from underground reservoirs, thereby propelling the market. The utilisation of carbon dioxide to move crude oil out due to its miscibility with crude oil, which helps in improving the efficiency of the oil displacement, is providing impetus to the market expansion. In addition, the cost-effectiveness of carbon when compared to other miscible solvents is leading to the steady market development of carbon capture and sequestration. The growing number of carbon dioxide EOR projects, based on the availability of low-cost CO2, are invigorating the market for carbon capture and sequestration. The initiatives taken by the key market players in capturing carbon dioxide and offering it to oil producers for use in EOR projects are likely to aid the market for carbon capture and sequestration over the forecast period.

 

Market Segmentation

Carbon capture and sequestration are technologies that capture carbon dioxide from industrial processes before it enters the atmosphere. The method includes transporting the compressed carbon dioxide and storing it in deep geological formations for centuries or millennia. These geological formations are covered with impermeable, non-porous rocks that trap carbon dioxide to prevent its release into the environment.

The market for carbon capture and sequestration, by capture source, is divided into:

  • Chemicals
  • Natural Gas Processing
  • Power Generation
  • Fertilizers Production
  • Others

Based on service, the market is segmented into:

  • Capture
    • Pre-Combustion Capture
    • Post-Combustion Capture
    • Oxy-Fuel Combustion
    • Others
  • Transportation 
  • Storage

On the basis of end use, the market is bifurcated into:

  • Enhanced Oil Recovery (EOR)
  • Dedicated Storage and Treatment

The regional markets for carbon capture and sequestration can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Environmental Consciousness to Drive the Market Growth of Carbon Capture and Sequestration

The growing use of carbon capture and sequestration to reduce emissions from large stationary sources of carbon dioxide and stabilise the atmospheric greenhouse gas concentrations is playing a critical role in the development of the market. The application of the stored carbon dioxide in a wide range of end uses like enhanced oil recovery (EOR), food and beverage manufacturing, pulp and paper manufacturing, and metal fabrication is propelling the market growth of carbon capture and sequestration. The initiatives taken by the governments worldwide in promoting carbon dioxide capture and sequestration are providing impetus to the market expansion. For instance, in July 2018, the Government of India launched a Call on IC3 on CCUS for joint Research & Development with member MI countries to identify breakthrough technologies in the field of carbon capture, separation, and storage. The investments made by leading market players in carbon capture to adopt widespread industrial carbon capture are expected to augment the market for carbon capture and sequestration during the forecast period.

 

Key Players in the Global Carbon Capture and Sequestration Market

The report gives a detailed analysis of the following key players in the global carbon capture and sequestration market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Exxon Mobil Corporation
  • Carbon Engineering Ltd.,
  • Fluor Corporation
  • Equinor ASA
  • Dakota Gasification Company
  • Linde plc
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Capture Source
  • Service
  • End Use
  • Region
Breakup by Capture Source
  • Chemicals
  • Natural Gas Processing
  • Power Generation
  • Fertilizers Production
  • Others
Breakup by Service
  • Capture
    • Pre-Combustion Capture
    • Post-Combustion Capture
    • Oxy-Fuel Combustion
    • Others
  • Transportation 
  • Storage
Breakup by End Use
  • Enhanced Oil Recovery (EOR)
  • Dedicated Storage and Treatment
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Exxon Mobil Corporation
  • Carbon Engineering Ltd.,
  • Fluor Corporation
  • Equinor ASA
  • Dakota Gasification Company
  • Linde plc
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Carbon Capture and Sequestration Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Carbon Capture and Sequestration Historical Market (2017-2021) 
    8.3    Global Carbon Capture and Sequestration Market Forecast (2022-2027)
    8.4    Global Carbon Capture and Sequestration Market by Capture Source
        8.4.1    Chemicals
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Natural Gas Processing
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Power Generation
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Fertilizers Production
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Global Carbon Capture and Sequestration Market by Service
        8.5.1    Capture
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Pre-Combustion Capture
                8.5.1.4.2    Post-Combustion Capture
                8.5.1.4.3    Oxy-Fuel Combustion 
                8.5.1.4.4    Others
        8.5.2    Transportation 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Storage
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Carbon Capture and Sequestration Market by End Use
        8.6.1    Enhanced Oil Recovery (EOR)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Dedicated Storage and Treatment
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Carbon Capture and Sequestration Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Exxon Mobil Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Carbon Engineering Ltd.,
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Fluor Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Equinor ASA
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Dakota Gasification Company
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Linde plc
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Carbon Capture and Sequestration Market: Key Industry Highlights, 2017 and 2027
2.    Global Carbon Capture and Sequestration Historical Market: Breakup by Capture Source (USD Billion), 2017-2021
3.    Global Carbon Capture and Sequestration Market Forecast: Breakup by Capture Source (USD Billion), 2022-2027
4.    Global Carbon Capture and Sequestration Historical Market: Breakup by Service (USD Billion), 2017-2021
5.    Global Carbon Capture and Sequestration Market Forecast: Breakup by Service (USD Billion), 2022-2027
6.    Global Carbon Capture and Sequestration Historical Market: Breakup by End-Use (USD Billion), 2017-2021
7.    Global Carbon Capture and Sequestration Market Forecast: Breakup by End-Use (USD Billion), 2022-2027
8.    Global Carbon Capture and Sequestration Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Carbon Capture and Sequestration Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Carbon Capture and Sequestration Market Structure.

Key Questions Answered in the Report

In 2021, the global carbon capture and sequestration market attained a value of nearly USD 6.3 billion.

The market is assessed to grow at a CAGR of 10.90% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach almost USD 10.57 billion by 2027.

The major market drivers include the expanding use of captured carbon in various end uses, increasing use of carbon capture and sequestration technologies to meet the growing demand for oil, developing enhanced oil recovery projects, and emerging need to reduce global warming.

The key trends guiding the growth of the market include the rising environmental consciousness, government initiatives, and investments by market players in carbon capture and sequestration technologies.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant capture sources of carbon capture and sequestration, include chemicals, natural gas processing, power generation, and fertilizers production, among others.

The various services of the market, include capture, transportation, and storage.

The major end uses of the market, include enhanced oil recovery (EOR) and dedicated storage and treatment.

The major players in the market are Exxon Mobil Corporation, Carbon Engineering Ltd., Fluor Corporation, Equinor ASA, Dakota Gasification Company, and Linde plc, among others.

Analyst Review

The global carbon capture and sequestration market attained a value of nearly USD 6.3 billion in 2021, driven by the emerging need to reduce carbon dioxide concentrations in the atmosphere. Aided by the government initiatives, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 10.90%. The market is estimated to reach about USD 10.57 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for carbon capture and sequestration, by capture source, is divided into chemicals, natural gas processing, power generation, and fertilizers production, among others. Based on service, the market is segmented into capture, transportation, and storage. On the basis of end use, the market is bifurcated into enhanced oil recovery (EOR) and dedicated storage and treatment. The major regional markets for carbon capture and sequestration are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Exxon Mobil Corporation, Carbon Engineering Ltd., Fluor Corporation, Equinor ASA, Dakota Gasification Company, and Linde plc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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