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Carbon Capture Utilization and Storage Market by Service (Capture, Transportation, Storage, Utilization), End-Use Industry (Natural Gas, Power Generation, Hydrogen, Fertilizers, Oil Refining) and Region - Global Forecast to 2026


Product Code : MNMCH0078267
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

The global carbon capture, utilization, and storage is expected to grow from USD 2.1 billion in 2021 to USD 7.7 billion by 2026, at a CAGR of 29.8% during the forecast period. Increasing demand from various end-use industries is majorly driving the growth of the market. The carbon capture, utilization, and storage are used in natural gas, power generation, hydrogen, fertilizers, oil reefing, and various other industries. However, the negative impact of the COVID-19 pandemic on the end use industries has affected the carbon capture, utilization, and storage market adversely. 

The transportation service is the fastest-growing segment of carbon capture, utilization, and storage in terms of value.
The transportation service segment is expected to witness high growth in the carbon capture, utilization, and storage market. Regions like North America and Europe have a wide network of CO2 transportation pipeline infrastructure setup which is boosting the growth of this service segment. Both US and Canada are actively investing in developing their transportation infrastructure for efficient and economical transport of CO2. Europe is also investing in developing its transportation infrastructure with projects like Northern Lights. COVID-19 pandemic had a minor impact on the implementation of these networks as funding and project implementation had very less variation due to the lockdowns. 

The power generation segment to be the fastest-growing end-use industry segment during the forecast period
The power generation end-use industry is expected to increase the demand for carbon capture, utilization, and storage during the forecast period. The industry generates a massive amount of CO2 and hence attracts multiple stakeholders to reduce these emissions which significantly contributes towards the market growth of carbon capture, utilization, and storage. Furthermore, the power generation industry is growing at the fastest rate due to multiple projects that are in various stages of development planned to start operations by the mid-2020s.

Europe to be the fastest-growing region in the carbon capture, utilization, and storage during the forecast period
Europe is projected to be the fastest-growing region in the carbon capture, utilization, and storage and will expand significantly by 2026. This dominance is attributed to the upcoming projects like PORTHOS and CLEAN GAS in the Netherlands and the UK which will drive the carbon capture, utilization, and storage market in the region. The presence of two large-scale natural gas processing carbon capture, utilization, and storage facilities in the economies such as Norway is responsible for the fast growth of the region. 
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:

•    By Company Type- Tier 1- 25%, Tier 2- 35%, and Tier 3- 40%
•    By Designation- C Level- 25%, Director Level- 35%, and Executives- 40%
•    By Region- North America- 20%, Europe- 35%, Asia Pacific (APAC) - 25%, South America-5s%, Middle East & Africa (MEA)-15%,

The report provides a comprehensive analysis of company profiles listed below: 
•    Fluor Corporation (US)
•    ExxonMobil Corporation (US)
•    Linde plc (UK)
•    Royal Dutch Shell Plc (Netherlands)
•    Mitsubishi Heavy Industries, Ltd (Japan)
•    JGC Holdings Corporation (Japan)
•    Schlumberger Limited (US)
•    Aker Solutions (Norway)
•    Honeywell International Inc. (US)
•    Equinor ASA (Norway)
•    TotalEnergies SE (France)
•    Hitachi, Ltd (Japan)
•    Siemens AG (Germany)
•    General Electric (US)
•    Halliburton (US)

Research Coverage
This report covers the global carbon capture, utilization, and storage and forecasts the market size until 2026. It includes the following market segmentation-By Service (Capture, Transportation, Storage, Utilization), End-Use Industry (Natural Gas, Power Generation, Hydrogen, Fertilizers, Oil Refining, Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2026. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global Carbon capture, utilization, and storage. 

Key benefits of buying the report: 
The report is expected to help market leaders/new entrants in this market in the following ways: 
1. This report segments the global carbon capture, utilization, and storage comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions. 
2. The report helps stakeholders understand the pulse of the carbon capture, utilization, and storage and provides them with information on key market drivers, restraints, challenges, and opportunities. 
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, expansion, and acquisition. 

Reasons to buy the report:

The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall carbon capture, utilization, and storage and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

1    INTRODUCTION    18
1.1    OBJECTIVES OF STUDY    18
1.2    MARKET DEFINITION    18
1.2.1    INCLUSIONS AND EXCLUSIONS    18
1.3    MARKET SCOPE    19
1.3.1    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SEGMENTATION    19
1.3.2    REGIONS COVERED    19
1.3.3    YEARS CONSIDERED FOR STUDY    20
1.4    CURRENCY    20
1.5    UNIT CONSIDERED    20
1.6    LIMITATIONS    20
1.7    STAKEHOLDERS    21
1.8    SUMMARY OF CHANGES    21
2    RESEARCH METHODOLOGY    22
FIGURE 1    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: RESEARCH DESIGN    22
2.1    BASE NUMBER CALCULATION    23
2.1.1    SUPPLY-SIDE APPROACH    23
2.1.2    DEMAND-SIDE APPROACH    23
2.2    FORECAST NUMBER CALCULATION    23
2.2.1    SECONDARY DATA    23
2.2.2    PRIMARY DATA    24
2.2.2.1    Primary interviews – Top carbon capture, utilization, and storage manufacturers    24
2.2.2.2    Breakdown of primary interviews    24
2.2.2.3    Key industry insights    25
2.3    MARKET SIZE ESTIMATION    25
2.3.1    BOTTOM-UP APPROACH    25
FIGURE 2    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: BOTTOM-UP APPROACH    26
2.3.2    TOP-DOWN APPROACH    26
FIGURE 3    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: TOP-DOWN APPROACH    26
2.4    DATA TRIANGULATION    26
FIGURE 4    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: DATA TRIANGULATION    27

2.5    FACTOR ANALYSIS    27
2.6    ASSUMPTIONS    28
2.7    LIMITATIONS & RISKS    28
3    EXECUTIVE SUMMARY    29
FIGURE 5    CAPTURE SERVICE DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020    30
FIGURE 6    NATURAL GAS END-USE INDUSTRY WAS LARGEST IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020    30
FIGURE 7    NORWAY TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD    31
FIGURE 8    NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN 2020    32
4    PREMIUM INSIGHTS    33
4.1    ATTRACTIVE OPPORTUNITIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    33
FIGURE 9    HIGH DEMAND FROM END-USE INDUSTRIES TO DRIVE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    33
4.2    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE    33
FIGURE 10    CAPTURE SERVICE DOMINATED OVERALL MARKET IN 2020    33
4.3    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY    34
FIGURE 11    NATURAL GAS END-USE INDUSTRY SEGMENT DOMINATED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    34
4.4    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY KEY COUNTRY    34
FIGURE 12    MARKET IN UK TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    34
5    MARKET OVERVIEW    35
5.1    INTRODUCTION    35
5.2    MARKET DYNAMICS    35
FIGURE 13    DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    35
5.2.1    DRIVERS    36
5.2.1.1    Growing focus on reducing CO2 emissions    36
5.2.1.2    Increasing demand for C02-EOR techniques    37
5.2.1.3    Rising environmental awareness to increase natural gas demand    37
5.2.2    RESTRAINTS    37
5.2.2.1    High cost of carbon capture and storage    37
5.2.2.2    Safety concerns at storage sites    37
5.2.3    OPPORTUNITIES    38
5.2.3.1    Continuous investments in developing innovative capturing technologies enable economic operations    38
5.2.3.2    Large number of upcoming projects in Asia Pacific    38
5.2.3.3    Announcement of large capacity hydrogen projects    38

5.2.4    CHALLENGES    39
5.2.4.1    Reducing CO2 capturing costs    39
5.2.4.2    High initial investments    40
5.3    PORTER'S FIVE FORCES ANALYSIS    40
FIGURE 14    PORTER'S FIVE FORCES ANALYSIS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    40
5.3.1    BARGAINING POWER OF SUPPLIERS    41
5.3.2    BARGAINING POWER OF BUYERS    41
5.3.3    THREAT OF SUBSTITUTES    41
5.3.4    THREAT OF NEW ENTRANTS    41
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    42
TABLE 1    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: PORTER'S FIVE FORCES ANALYSIS    42
5.4    TECHNOLOGY ANALYSIS    42
5.5    ECOSYSTEM: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    43
FIGURE 15    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: ECOSYSTEM    43
5.6    VALUE CHAIN ANALYSIS    43
FIGURE 16    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: VALUE CHAIN ANALYSIS    43
5.6.1    SOURCE CHARACTERIZATION    44
5.6.2    CAPTURE/SEPARATION    44
5.6.3    PURIFICATION, COMPRESSION, & TRANSPORTATION    44
5.6.4    UTILIZATION/STORAGE    44
5.7    SUPPLY CHAIN ANALYSIS    44
TABLE 2    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SUPPLY CHAIN    44
5.8    IMPACT OF COVID-19    45
5.8.1    SHORTAGE OF LIQUIDITY    45
5.8.2    DELAY IN PROJECTS    45
5.8.3    INCREASING ROLE OF GOVERNMENT TO DRIVE MARKET    45
5.9    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS    46
TABLE 3    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIOS    46
5.9.1    OPTIMISTIC SCENARIO    46
5.9.2    PESSIMISTIC SCENARIO    46
5.9.3    REALISTIC SCENARIO    46
5.10    PRICING ANALYSIS    46
5.11    KEY MARKETS FOR IMPORTS/EXPORTS    46
5.11.1    US    47
5.11.2    CHINA    47
5.11.3    SAUDI ARABIA    47
5.11.4    NORWAY    47
5.11.5    AUSTRALIA    47
5.12    PATENT ANALYSIS    48
5.12.1    INTRODUCTION    48
5.12.2    METHODOLOGY    48
5.12.3    DOCUMENT TYPE    48
FIGURE 17    GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE, 2010–2020    49
FIGURE 18    PUBLICATION TRENDS, 2010–2020    49
5.12.4    INSIGHTS    49
5.12.5    LEGAL STATUS OF PATENTS    49
FIGURE 19    LEGAL STATUS    50
FIGURE 20    PATENT JURISDICTION ANALYSIS, 2020    50
5.12.6    TOP APPLICANTS OF PATENTS    50
FIGURE 21    TOP APPLICANTS OF PATENTS    51
5.12.7    LIST OF PATENTS BY LANZATECH NEW ZEALAND LIMITED    51
5.12.8    LIST OF PATENTS BY ALSTOM TECHNOLOGY LTD    51
5.12.9    LIST OF PATENTS BY EXXONMOBIL RESEARCH & ENGINEERING COMPANY    52
5.12.10    TOP TEN PATENT OWNERS (US) DURING LAST 10 YEARS    52
5.13    TARIFFS AND REGULATIONS    53
TABLE 4    CURRENT STANDARD CODES FOR CARBON CAPTURE, UTILIZATION, AND STORAGE    53
5.14    CASE STUDY: CARBON CAPTURE, UTILIZATION, AND STORAGE    54
FIGURE 22    CASE STUDY    54
5.15    TRENDS AND DISRUPTIONS AFFECTING CUSTOMER'S BUSINESS    55
FIGURE 23    YC AND YCC SHIFT    55
6    CARBON CAPTURE, UTILIZATION AND STORAGE MARKET, BY SERVICE    56
6.1    INTRODUCTION    57
FIGURE 24    CAPTURE SERVICE TO DOMINATE CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD    57
TABLE 5    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    57
TABLE 6    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    58
6.2    CAPTURE    58
FIGURE 25    NORTH AMERICA TO BE BIGGEST MARKET FOR CARBON CAPTURE SERVICE    59
TABLE 7    CARBON CAPTURE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    59
TABLE 8    CARBON CAPTURE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    59
6.2.1    POST-COMBUSTION    60
6.2.1.1    Offers high CO2 capture efficiency of 99%    60
6.2.2    OXY-FUEL    60
6.2.2.1    Simplified CO2 capture in comparison to conventional processes    60
6.2.3    PRE-COMBUSTION    61
6.2.3.1    Eliminates CO2 from gas stream prior to its dilution with air or oxygen    61

6.3    TRANSPORTATION    61
FIGURE 26    EUROPE TO BE FASTEST-GROWING MARKET FOR TRANSPORTATION SERVICE    62
TABLE 9    TRANSPORTATION SERVICE MARKET SIZE, BY REGION, 
2017–2020 (USD MILLION)    62
TABLE 10    TRANSPORTATION SERVICE MARKET SIZE, BY REGION, 
2021–2026 (USD MILLION)    62
6.4    UTILIZATION    63
FIGURE 27    EUROPE TO BE LARGEST MARKET FOR UTILIZATION SERVICES DURING FORECAST PERIOD    63
TABLE 11    UTILIZATION SERVICE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    64
TABLE 12    UTILIZTION SERVICE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    64
6.5    STORAGE    64
FIGURE 28    EUROPE TO BE FASTEST-GROWING MARKET FOR STORAGE SERVICE    65
TABLE 13    STORAGE SERVICE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    65
TABLE 14    STORAGE SERVICE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    65
6.5.1    GEOLOGICAL STORAGE    66
6.5.1.1    Oil & Gas Reservoirs    66
6.5.1.1.1    Most efficient storage type    66
6.5.1.2    Unmineable Coal Beds    66
6.5.1.2.1    Further research required to optimize the process    66
6.5.1.3    Saline Aquifers    66
6.5.1.3.1    Less knowledge about saline aquifers' features compared to other storage types    66
6.5.2    DEEP OCEAN STORAGE    67
6.5.2.1    Unpreferred over geological storage due to associated environmental risks    67
7    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, 
BY END-USE INDUSTRY    68
7.1    INTRODUCTION    69
FIGURE 29    POWER GENERATION INDUSTRY TO BE FASTEST-GROWING INDUSTRY IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD    69
TABLE 15    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)    70
TABLE 16    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)    70
7.2    NATURAL GAS    71
FIGURE 30    MIDDLE EAST & AFRICA TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN NATURAL GAS INDUSTRY    71
TABLE 17    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN NATURAL GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    71
TABLE 18    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN NATURAL GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    72

7.3    POWER GENERATION    72
FIGURE 31    NORTH AMERICA LED CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN POWER GENERATION INDUSTRY    73
TABLE 19    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    73
TABLE 20    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN POWER GENERATION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    73
7.4    HYDROGEN    74
FIGURE 32    EUROPE TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR HYDROGEN INDUSTRY    74
TABLE 21    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN HYDROGEN INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    74
TABLE 22    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN HYDROGEN INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    75
7.5    FERTILIZERS    75
FIGURE 33    NORTH AMERICA TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET IN FERTILIZERS INDUSTRY    75
TABLE 23    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN FERTILIZERS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    76
TABLE 24    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN FERTILIZERS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    76
7.6    OIL REFINING    77
FIGURE 34    EUROPE TO BE LARGEST REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR OIL REFINING INDUSTRY    77
TABLE 25    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL REFINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    77
TABLE 26    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OIL REFINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    78
7.7    OTHERS    78
FIGURE 35    NORTH AMERICA TO BE FASTEST-GROWING REGION IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET FOR OTHER INDUSTRIES    79
TABLE 27    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)    79
TABLE 28    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)    79
8    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY REGION    80
8.1    INTRODUCTION    81
FIGURE 36    UK TO BE FASTEST-GROWING CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET DURING FORECAST PERIOD    81
TABLE 29    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    81
TABLE 30    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    82

8.2    NORTH AMERICA    82
TABLE 31    MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN NORTH AMERICA    82
FIGURE 37    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT    83
8.2.1    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE    84
TABLE 32    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    84
TABLE 33    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    84
8.2.2    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY    85
TABLE 34    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)    85
TABLE 35    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)    85
8.2.3    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY    86
TABLE 36    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    86
TABLE 37    NORTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)    86
8.2.3.1    US    86
TABLE 38    US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    87
TABLE 39    US: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    87
8.2.3.2    Canada    88
TABLE 40    CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    88
TABLE 41    CANADA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    88
8.3    EUROPE    89
TABLE 42    MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN EUROPE    89
FIGURE 38    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT    90
8.3.1    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, 
BY SERVICE    90
TABLE 43    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    90
TABLE 44    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    91
8.3.2    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET,
 BY END-USE INDUSTRY    91
TABLE 45    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY END-USE INDUSTRY, 2017–2020 (USD MILLION)    91
TABLE 46    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY END-USE INDUSTRY, 2021–2026 (USD MILLION)    92
8.3.3    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, 
BY COUNTRY    92
TABLE 47    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY COUNTRY, 2017–2020 (USD MILLION)    92
TABLE 48    EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY COUNTRY, 2021–2026 (USD MILLION)    93
8.3.3.1    NORWAY    93
TABLE 49    NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    93
TABLE 50    NORWAY: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    94
8.3.3.2    UK    94
TABLE 51    UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    95
TABLE 52    UK: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    95
8.3.3.3    Ireland    95
TABLE 53    IRELAND: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    96
TABLE 54    IRELAND: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    96
8.3.3.4    Netherlands    96
TABLE 55    NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    97
TABLE 56    NETHERLANDS: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    97
8.3.3.5    Rest of Europe    97
TABLE 57    REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    98
TABLE 58    REST OF EUROPE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    98
8.4    ASIA PACIFIC    99
TABLE 59    MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN ASIA PACIFIC    99
FIGURE 39    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SNAPSHOT    100
8.4.1    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, 
BY SERVICE    100
TABLE 60    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    100
TABLE 61    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    101
8.4.2    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, 
BY END-USE INDUSTRY    101
TABLE 62    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)    101
TABLE 63    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)    102
8.4.3    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, 
BY COUNTRY    102
TABLE 64    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    102
TABLE 65    ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)    103
8.4.3.1    AUSTRALIA    103
TABLE 66    AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    103
TABLE 67    AUSTRALIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    104
8.4.3.2    China    104
TABLE 68    CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    105
TABLE 69    CHINA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    105
8.4.3.3    South Korea    105
TABLE 70    SOUTH KOREA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    106
TABLE 71    SOUTH KOREA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    106
8.4.3.4    Rest of Asia Pacific    106
TABLE 72    REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    107
TABLE 73    REST OF ASIA PACIFIC: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    107
8.5    MIDDLE EAST & AFRICA    107
TABLE 74    MAJOR CARBON CAPTURE, UTILIZATION, AND STORAGE PROJECTS IN MIDDLE EAST & AFRICA    108
8.5.1    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE    108
TABLE 75    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    108
TABLE 76    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    108
8.5.2    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY    109
TABLE 77    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)    109
TABLE 78    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)    109
8.5.3    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY    110
TABLE 79    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    110
TABLE 80    MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)    110
8.5.3.1    UAE    110
TABLE 81    UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    111
TABLE 82    UAE: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    111
8.5.3.2    Saudi Arabia    111
TABLE 83    SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    112
TABLE 84    SAUDI ARABIA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    112
8.5.3.3    Qatar    112
TABLE 85    QATAR: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2017–2020 (USD MILLION)    112
TABLE 86    QATAR: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    113
8.5.3.4    Rest of Middle East & Africa    113
TABLE 87    REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    113
TABLE 88    REST OF MIDDLE EAST & AFRICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    113
8.6    SOUTH AMERICA    114
8.6.1    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY SERVICE    114
TABLE 89    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    114
TABLE 90    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    114
8.6.2    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY END-USE INDUSTRY    115
TABLE 91    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)    115
TABLE 92    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)    115
8.6.3    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET, BY COUNTRY    116
TABLE 93    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    116
TABLE 94    SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)    116
8.6.3.1    Brazil    116
TABLE 95    BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE,
 BY SERVICE, 2017–2020 (USD MILLION)    117
TABLE 96    BRAZIL: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, 
BY SERVICE, 2021–2026 (USD MILLION)    117
8.6.3.2    Rest of South America    117
TABLE 97    REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2017–2020 (USD MILLION)    117
TABLE 98    REST OF SOUTH AMERICA: CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)    118
9    COMPETITIVE LANDSCAPE    119
9.1    INTRODUCTION    119
9.2    MARKET SHARE ANALYSIS    119
FIGURE 40    SHARES OF TOP COMPANIES IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    119
TABLE 99    DEGREE OF COMPETITION: CONSOLIDATED    120
9.3    MARKET RANKING    120
FIGURE 41    RANKING OF TOP FIVE PLAYERS IN CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET    120
9.4    MARKET EVALUATION FRAMEWORK    121
TABLE 100    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2016–2021    121
TABLE 101    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: OTHER DEALS, 2016–2021    121
9.5    REVENUE ANALYSIS OF TOP MARKET PLAYERS    129
FIGURE 42    REVENUE ANALYSIS    129
9.6    COMPANY EVALUATION MATRIX    129
TABLE 102    COMPANY PRODUCT FOOTPRINT    129
TABLE 103    COMPANY END-USE INDSUTRY FOOTPRINT    130
TABLE 104    COMPANY REGION FOOTPRINT    131
9.7    COMPETITIVE LEADERSHIP MAPPING    132
9.7.1    STARS    132
9.7.2    PERVASIVE    132
9.7.3    PARTICIPANTS    132
9.7.4    EMERGING LEADERS    132
FIGURE 43    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020    133
FIGURE 44    STRENGTH OF PRODUCT PORTFOLIO    134
FIGURE 45    BUSINESS STRATEGY EXCELLENCE    135
9.8    SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX    135
9.8.1    PROGRESSIVE COMPANIES    135
9.8.2    RESPONSIVE COMPANIES    135
9.8.3    DYNAMIC COMPANIES    136
9.8.4    STARTING BLOCKS    136
FIGURE 46    CARBON CAPTURE, UTILIZATION, AND STORAGE MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2020    136

10    COMPANY PROFILES    137
10.1    KEY COMPANIES    137
(Business Overview, Products Recent Developments, MnM View)*
10.1.1    FLUOR CORPORATION    137
TABLE 105    FLUOR CORPORATION: BUSINESS OVERVIEW    137
FIGURE 47    FLUOR CORPORATION: COMPANY SNAPSHOT    138
10.1.2    EXXONMOBIL CORPORATION    140
TABLE 106    EXXONMOBIL CORPORATION: BUSINESS OVERVIEW    140
FIGURE 48    EXXONMOBIL CORPORATION: COMPANY SNAPSHOT    141
10.1.3    LINDE PLC    144
TABLE 107    LINDE PLC: BUSINESS OVERVIEW    144
FIGURE 49    LINDE PLC: COMPANY SNAPSHOT    145
10.1.4    ROYAL DUTCH SHELL PLC    148
TABLE 108    ROYAL DUTCH SHELL PLC: BUSINESS OVERVIEW    148
FIGURE 50    ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT    149
10.1.5    MITSUBISHI HEAVY INDUSTRIES, LTD.    152
TABLE 109    MITSUBISHI HEAVY INDUSTRIES, LTD.: BUSINESS OVERVIEW    152
FIGURE 51    MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT    152
10.1.6    JGC HOLDINGS CORPORATION    155
TABLE 110    JGC HOLDINGS CORPORATION: BUSINESS OVERVIEW    155
FIGURE 52    JGC HOLDINGS CORPORATION: COMPANY SNAPSHOT    156
10.1.7    SCHLUMBERGER LIMITED    158
TABLE 111    SCHLUMBERGER LIMITED: BUSINESS OVERVIEW    158
FIGURE 53    SCHLUMBERGER LIMITED: COMPANY SNAPSHOT    159
10.1.8    AKER SOLUTIONS    160
TABLE 112    AKER SOLUTIONS: BUSINESS OVERVIEW    160
FIGURE 54    AKER SOLUTIONS: COMPANY SNAPSHOT    161
10.1.9    HONEYWELL INTERNATIONAL    164
TABLE 113    HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW    164
FIGURE 55    HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT    165
10.1.10    EQUINOR ASA    167
TABLE 114    EQUINOR ASA: BUSINESS OVERVIEW    167
FIGURE 56    EQUINOR ASA: COMPANY SNAPSHOT    168
10.1.11    TOTALENERGIES SE    170
TABLE 115    TOTALENERGIES SE: BUSINESS OVERVIEW    170
FIGURE 57    TOTALENERGIES SE: COMPANY SNAPSHOT    170
10.1.12    HITACHI, LTD.    173
TABLE 116    HITACHI, LTD.: BUSINESS OVERVIEW    173
FIGURE 58    HITACHI, LTD.: COMPANY SNAPSHOT    174
10.1.13    SIEMENS AG    176
TABLE 117    SIEMENS AG: BUSINESS OVERVIEW    176
FIGURE 59    SIEMENS AG: COMPANY SNAPSHOT    176
10.1.14    GENERAL ELECTRIC    178
TABLE 118    GENERAL ELECTRIC: BUSINESS OVERVIEW    178
FIGURE 60    GENERAL ELECTRIC: COMPANY SNAPSHOT    179
10.1.15    HALLIBURTON    181
TABLE 119    HALLIBURTON: BUSINESS OVERVIEW    181
FIGURE 61    HALLIBURTON: COMPANY SNAPSHOT    181
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
10.2    OTHER KEY MARKET PLAYERS    183
10.2.1    CLIMEWORKS AG    183
10.2.2    C-CAPTURE LTD    183
10.2.3    TANDEM TECHNICAL    183
10.2.4    CARBICRETE    183
10.2.5    CARBON CLEAN    184
10.2.6    GREEN MINERALS    184
10.2.7    NEWLIGHT TECHNOLOGIES, INC.    184
10.2.8    CARBONFREE CHEMICALS    184
10.2.9    CARBON ENGINEERING, LTD.    184
10.2.10    ELECTROCHAEA GMBH    184
11    APPENDIX    185
11.1    DISCUSSION GUIDE    185
11.2    KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL    188
11.3    AVAILABLE CUSTOMIZATIONS    190
11.4    RELATED REPORT    190
11.5    AUTHOR DETAILS    191

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