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Global Carbon Capture and Sequestration Market Forecast: By Capture Source: Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, Others; By Service: Capture, Transportation, Storage; By End Use: Enhanced Oil Recovery (EOR), Dedicated Storage and Treatment; Regional Analysis; Competitive Landscape; 2024-2032

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 2024-2032 to reach a value of around USD 10.57 billion by 2027.

carbon capture and sequestration market

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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 market by segments

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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

carbon capture and sequestration market by region

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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	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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   Opportunities and Challenges in the Market
8   Global Carbon Capture and Sequestration Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Carbon Capture and Sequestration Historical Market (2018-2023)
   8.3   Global Carbon Capture and Sequestration Market Forecast (2024-2032)
   8.4   Global Carbon Capture and Sequestration Market by Capture Source
       8.4.1   Chemicals
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Natural Gas Processing
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Power Generation
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Fertilizers Production
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Others
   8.5   Global Carbon Capture and Sequestration Market by Service
       8.5.1   Capture
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
           8.5.1.3 Breakup by Type
               8.5.1.3.1   Pre-Combustion Capture
               8.5.1.3.2   Post-Combustion Capture
               8.5.1.3.3   Oxy-Fuel Combustion
               8.5.1.3.4   Others
       8.5.2   Transportation
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Storage
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
   8.6   Global Carbon Capture and Sequestration Market by End Use
       8.6.1   Enhanced Oil Recovery (EOR)
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Dedicated Storage and Treatment
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
   8.7   Global Carbon Capture and Sequestration Market by Region
       8.7.1   North America
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
9   North America Carbon Capture and Sequestration Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Carbon Capture and Sequestration Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Carbon Capture and Sequestration Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Carbon Capture and Sequestration Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Carbon Capture and Sequestration Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   Exxon Mobil Corporation
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Carbon Engineering Ltd.,
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   Fluor Corporation
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   Equinor ASA
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
       16.2.5   Dakota Gasification Company
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   Linde plc
           16.2.6.1   Company Overview
           16.2.6.2   Product Portfolio
           16.2.6.3   Demographic Reach and Achievements
           16.2.6.4   Certifications
       16.2.7   Others
17   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Carbon Capture and Sequestration Market: Key Industry Highlights, 2018 and 2032
2.   Global Carbon Capture and Sequestration Historical Market: Breakup by Capture Source (USD Billion), 2018-2023
3.   Global Carbon Capture and Sequestration Market Forecast: Breakup by Capture Source (USD Billion), 2024-2032
4.   Global Carbon Capture and Sequestration Historical Market: Breakup by Service (USD Billion), 2018-2023
5.   Global Carbon Capture and Sequestration Market Forecast: Breakup by Service (USD Billion), 2024-2032
6.   Global Carbon Capture and Sequestration Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7.   Global Carbon Capture and Sequestration Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8.   Global Carbon Capture and Sequestration Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Carbon Capture and Sequestration Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Carbon Capture and Sequestration Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Carbon Capture and Sequestration Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Carbon Capture and Sequestration Market Structure.

Key Questions Answered in the Report

What was the global carbon capture and sequestration market size in 2021?

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

What is the growth rate of the market?

The market is assessed to grow at a CAGR of 10.90% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 10.57 billion by 2027.

What are the major market drivers?

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.

What are the key market trends of the global carbon capture and sequestration market?

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.

What are the major regional markets of carbon capture and sequestration, according to the EMR report?

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

What are the significant capture sources of carbon capture and sequestration?

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

What are the various services of the market?

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

What are the major end uses of the market?

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

Who are the key market players, according to the report?

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 2024-2032, 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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