CCUS Absorption Market

Report Code CH 9055
Published in Jun, 2024, By MarketsandMarkets™
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CCUS Absorption Market by Absorption Type (Chemical Absorption, Physical Absorption), End-Use Industry (Oil & Gas, Power Generation, Chemical & Petrochemical, Cement, Iron & Steel), and Region - Global Forecast to 2030

Overview

The global CCUS absorption market is valued at USD 0.4 billion in 2024 and is projected to reach USD 1.7 billion by 2030, growing at 26.5% cagr from 2024 to 2030. The beneficial properties of CCUS absorption make them suitable for various end-use industries, growing demand for reducing carbon footprint from industrial sources and advanced electronic goods to drive the consumption of CCUS absorption. Carbon Capture Utilization and Storage (CCUS) absorption refers to the process of capturing carbon dioxide (CO2) from industrial processes and converting it into valuable products or storing it in geological formations. This technology involves the deployment of chemical and physical absorption techniques to capture CO2 from various sources, including power generation, industrial facilities, and biomass combustion.

Attractive Opportunities in the CCUS Absorption Market

North America

Change in government regulations and tax credit systems like 45Q, is encouraging rhe companies to adopt CCUS technologies in North America

The increasing need for reducing the carbon footprint for controlling the global climate change. Is driving the market

Government regulatory changes and tax credit benefits offered globally is providing an opportunity for adoption of CCUS technology.

North America is leading the CCUS technology market. The technological advancements in the market is led by the companies based out of US

Rapid industrialization in the developing countries in the region to boost the demand for the CCUS Absorption in the market.

Global CCUS Absorption Market Dynamics

DRIVER: Growing Focus on Reducing CO2 Emissions

CCUS technology is used to gather CO2 from a variety of sources and transport it to locations where it can be used or stored. Dependence on fossil fuels for energy is the primary source of carbon emissions into the atmosphere. CCUS technology can minimize greenhouse gas emissions from industrial sources. The growing global concern about climate change has positively influenced the adoption of CCUS. For example, the United States government issued an executive order aiming to generate carbon-free electricity by 2030.To achieve net zero emission targets, governments throughout the world are aggressively encouraging businesses to minimize their carbon footprints and deploy CCUS technologies by offering tax credits.

RESTRAINT: High cost of carbon capture and storage to restrict the market growth

The CCUS technology requires a large capital investment and is more expensive to operate and maintain. As a result, industries are hesitant to invest in technology. The adoption also takes a toll on the process efficiency of the plants, because most of the facilities are not built to use such capture technology. Carbon capture and storage costs encompass the full value chain, including carbon collection at the source, transportation, storage, and usage at end-use applications. This does not create enough revenue to cover the investments made. For example, the cost of adding a CO2 scrubber for post-combustion and an air-separation unit for oxy-fuel technology raises both the initial CAPEX and the additional operating and maintenance costs. The carbon storage locations also require significant CAPEX for initial exploration, site assessment, and site preparation. Furthermore, companies that store captured carbon must bear the cost of monitoring for CO2 leakage. Companies are hesitant to use CCUS technology due to the high investment commitment involved.

 

OPPORTUNITY: Continuous investments in developing innovative capturing technologies to create lucrative opportunities for the market

Carbon capture systems must be developed continuously in order to keep power generating and industrial facilities cost-effective. There is an increasing investment in R&D and demonstration initiatives to create next-generation CO2 collection technology. These solutions address three major issues: minimizing the impact of CO2 capture on power generation capacity, increasing the cost-effectiveness of CO2 capture systems, and scaling up novel carbon capture technologies to the necessary level for full-scale development at power plants. These technologies have the potential to reduce energy costs when compared to established methods. Various technology providers are investing substantially and working to reduce carbon-capturing costs, bringing them down to less than USD 30 per million tons of CO2. This propensity towards the development of advanced technology solutions will create an enormous potential to improve the existing adoption of carbon capture, use, and storage globally.

CHALLENGE: Reducing carbon capturing cost to be a major challenge for market growth

Currently, the only source of income for businesses using CCUS technology is tax breaks offered by governments to entice more businesses to use CCUS technology. At this point, the likelihood of making money with this technology is extremely low. The technology implementation method that results in the highest operational and maintenance costs is carbon capture. The effective cost of removing carbon from the sources of emissions is greatly increased by this. In order to lower the effective costs of carbon capture, the capture technology that is currently in use is inefficient. In order to attain increased efficiency in carbon capture, investments in product innovation and technological developments become imperative. Over the course of the period, the effective cost of capture will drop, despite the fact that this will temporarily raise the price of carbon capture. In an attempt to decrease the effective cost of the carbon capture process and increase efficiency, the corporations are always assessing their opportunities to develop innovative technologies. Long-term use of CCUS technology faces significant obstacles, such as this one.

Global CCUS Absorption Market Ecosystem Analysis

Based on the end-use industry, the segment is estimated to account for the highest CAGR in the CCUS absorption Market share during the forecast period. Carbon capture and storage is an innovative technology that can significantly reduce CO2 emissions and thereby reduce the environmental effect of industrial activities around the world. Carbon capture, use, and storage in oil and gas processing is one of the market's primary drivers. Natural gas processing plants produced the majority of CO2 in 2023. According to the EIA, natural gas generation will increase at a rate of 2.7% per year between 2012 and 2040, accounting for roughly 30% of global energy supply by 2040. Carbon capture, usage, and storage in this area will assist build a realistic path for a sustainable environment.

 

Based on absorption type, Chemical absorption is anticipated to register the highest CAGR in the CCUS absorption Market.

Chemical absorption is a common technology in Carbon Capture, Utilization, and Storage (CCUS) that uses solvents to capture carbon dioxide (CO2) from a variety of sources, including power plants and industrial facilities. The procedure entails choosing an appropriate solvent, usually amines, that can react with CO2 to generate a chemical molecule. The flue gas is treated to eliminate pollutants before entering an absorption column and contacting the solvent. The CO2-rich solvent is then heated, releasing the trapped CO2, which is compressed and transferred for storage or use. The solvent is regenerated by eliminating CO2 and returning to its original composition. Chemical absorption has excellent capture rates, generally surpassing 90%, and is less expensive than other CCUS approaches. However, it is energy-intensive and necessitates frequent solvent replacement owing to deterioration. Despite these obstacles, chemical absorption is a feasible and frequently utilized method of large CO2 reduction, with continuous research targeted at improving efficiency and lowering costs.

 

 

North America region holds the largest share of the CCUS Absorption Market.

North America is the biggest market for CCUS technology. Companies and institutional organizations in the United States have pioneered the technology. The companies have over 35 years of expertise utilizing CCUS technology. This has resulted in the development of advanced capture and storage technology in the country. The country's legislation and policies are also constructed in a way that encourages industrial players to adopt the technology by providing them with technology support and tax breaks. The region is at the forefront of the global deployment of CCUS technology, having incorporated or retrofitted the technology into major oil and gas operations. The widespread adoption of CCUS is a result of people's growing awareness of climate change and their shifting perspectives on using renewable energy sources to lower their carbon footprints.

 
 

Recent Developments of CCUS Absorption Market industry

  • In July 2023, Fluor Corporation revealed its memorandum of understanding (MOU) with Carbfix, the pioneer in carbon dioxide (CO2) mineral storage, to explore comprehensive carbon capture and storage (CCS) solutions. In June 2023, TotalEnergies SE, Petronas and Mitsui & Co. Ltd., have signed a development agreement to collaborate on a carbon capture and storage (CCS) project in Malaysia. In June 2023, Aker Solutions signed an agreement with Doosan Babcock to jointly deliver carbon capture and storage (CCS) projects in the UK.
  • In April 2023, Fluor Corporation (NYSE: FLR) recently signed a license agreement with Federated Co-Operatives Limited (FCL) to implement Fluor’s Econamine FG PlusSM carbon capture technology at Saskatchewan, Canada. In November 2022, ExxonMobil and MHI have formed a carbon capture technology alliance to facilitate industry decarbonization projects.

Key Market Players

KEY PLAYERS IN THE CCUS Absorption Market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2019-2030
Base year considered 2023
Forecast period 2024-2030
Units considered Value (USD Million/Billion), Volume (ton)
Segments Covered Absorption type, End-Use Industry and Region
Geographies covered Europe, North America, Asia Pacific, South America, Middle East and Africa
Companies covered ExxonMobil Corporation (US), Equinor ASA (Norway), Honeywell International Inc. (US), Fluor Corporation (US), Mitsubishi Heavy Industries Ltd. (Japan), Royal Dutch Shell Plc (Britain), TotalEnergies SE (France), BASF SE (Germany), JGC Holdings Corporation (Japan), Schlumberger Ltd. (US), Aker Solutions (Norway), Siemens AG (Germany), Hitachi Ltd. (Japan), General Electric (US), Chevron Ion Clean Energy (US).

 

Key Questions Addressed by the Report

Which are the major companies in the CCUS absorption market? What are their major strategies to strengthen their market presence?
Major companies include ExxonMobil Corporation (US), Equinor ASA (Norway), Honeywell International Inc. (US), Fluor Corporation (US), Mitsubishi Heavy Industries Ltd. (Japan), Royal Dutch Shell Plc (UK), TotalEnergies SE (France), BASF SE (Germany), and others. These companies have strengthened their market position by securing contracts and deals.
What are the drivers and opportunities for the CCUS absorption market?
The market is driven by the increasing demand to reduce carbon emissions. Opportunities are created through tax credit benefits and government regulations, particularly in developing countries.
Which is the largest country-level market for CCUS absorption?
The US is the largest market for carbon capture, utilization, and storage (CCUS) due to the high demand from well-established end-use industries.
What is the total CAGR expected to be recorded for the CCUS absorption market during 2023-2028?
The expected compound annual growth rate (CAGR) for the CCUS absorption market is 26.5% from 2024 to 2030.
What are the challenges in the CCUS absorption market?
A major challenge is reducing the cost of carbon capture in the CCUS absorption market.
Which type of CCUS absorption holds the largest market share?
Chemical absorption service type holds the largest share in both value and volume in the CCUS absorption market.

 

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Table of Contents

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TITLE
PAGE NO
TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 CCUS ABSORPTION MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 RESEARCH LIMITATIONS 
    1.7 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA 
    2.2 BASE NUMBER CALCULATION 
           2.2.1 MARKET SIZE ESTIMATION
           2.2.2 MARKET SIZE CALCULATION, BY END-USE INDUSTRY
    2.3 FORECAST NUMBER CALCULATION 
           2.3.1 SECONDARY DATA
                    2.3.1.1 Key data from secondary sources
           2.3.2 PRIMARY DATA
                    2.3.2.1 Key data from primary sources
                    2.3.2.2 Interviews with experts – Top players in CCUS absorption market
                    2.3.2.3 Breakdown of interviews with experts
                    2.3.2.4 Key industry insights
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
    2.6 IMPACT OF RECESSION 
    2.7 FACTOR ANALYSIS 
    2.8 RESEARCH ASSUMPTIONS 
    2.9 MARKET GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
    2.10 RESEARCH LIMITATIONS 
    2.11 RISKS ASSOCIATED WITH CCUS MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 40)
 
4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CCUS ABSORPTION MARKET 
    4.2 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE AND REGION, 2023 
    4.3 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE 
    4.4 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY 
    4.5 CCUS ABSORPTION MARKET, BY KEY COUNTRY 
 
5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Increasing number of carbon-intensive industries
                    5.2.1.2 Growing focus on reducing CO2 emissions
                    5.2.1.3 Government initiatives in CCUS technologies
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost associated with carbon capture technology
                    5.2.2.2 Competition from alternative carbon capture technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Continuous investments in developing innovative carbon absorption technologies
                    5.2.3.2 Announcements of large capacity hydrogen projects
                    5.2.3.3 Large number of upcoming projects in Asia Pacific
           5.2.4 CHALLENGES
                    5.2.4.1 Reducing cost of CO2 capture
                    5.2.4.2 High initial investment cost
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 SUPPLY CHAIN ANALYSIS 
           5.4.1 RAW MATERIAL
           5.4.2 MANUFACTURING PROCESS
           5.4.3 FINAL PRODUCT
    5.5 VALUE CHAIN ANALYSIS 
    5.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.6.2 BUYING CRITERIA
    5.7 PATENT ANALYSIS 
           5.7.1 INTRODUCTION
           5.7.2 METHODOLOGY
           5.7.3 DOCUMENT TYPE
           5.7.4 INSIGHTS
           5.7.5 LEGAL STATUS
           5.7.6 JURISDICTION ANALYSIS
           5.7.7 TOP APPLICANTS
           5.7.8 PATENTS BY KABUSHIKI KAISHA TOSHIBA
           5.7.9 PATENTS BY GLOBAL THERMOSTAT OPERATIONS LLC
           5.7.10 PATENTS BY GENERAL ELECTRIC TECHNOLOGY GMBH
           5.7.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS
    5.8 REGULATORY LANDSCAPE 
           5.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.8.2 STANDARDS IN CCUS ABSORPTION MARKET
    5.9 KEY CONFERENCES AND EVENTS 
    5.10 ECOSYSTEM ANALYSIS: CCUS ABSORPTION MARKET 
           5.10.1 ECOSYSTEM MAP
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYER)
           5.11.2 AVERAGE SELLING PRICE, BY ABSORPTION TYPE
           5.11.3 AVERAGE SELLING PRICE, BY END-USE INDUSTRY
           5.11.4 AVERAGE SELLING PRICE, BY REGION
    5.12 TRADE ANALYSIS 
           5.12.1 EXPORT SCENARIO FOR HS CODE 281121
           5.12.2 IMPORT SCENARIO FOR HS CODE 281121
    5.13 TECHNOLOGY ANALYSIS 
           5.13.1 KEY TECHNOLOGIES
           5.13.2 COMPLEMENTARY TECHNOLOGIES
    5.14 CASE STUDY ANALYSIS 
    5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    5.16 CCUS ABSORPTION MARKET INVESTMENT LANDSCAPE 
 
6 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE (Page No. - 78)
    6.1 INTRODUCTION 
    6.2 PHYSICAL ABSORPTION 
           6.2.1 GROWING DEMAND FROM HIGH CO2 CONCENTRATION AND STREAM PRESSURE PLANTS TO DRIVE MARKET
    6.3 CHEMICAL ABSORPTION 
           6.3.1 INCREASING DEMAND IN INDUSTRIES EMITTING LOW PRESSURE CO2 TO DRIVE MARKET
 
7 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY (Page No. - 85)
    7.1 INTRODUCTION 
    7.2 OIL & GAS 
           7.2.1 INCREASING ENERGY GENERATION WORLDWIDE TO DRIVE MARKET
    7.3 POWER GENERATION 
           7.3.1 RISING DEMAND FOR ENERGY TO DRIVE MARKET
    7.4 CHEMICAL & PETROCHEMICAL 
           7.4.1 AMMONIA PRODUCTION PLANTS CONTRIBUTE SIGNIFICANTLY TO MARKET GROWTH
    7.5 CEMENT 
           7.5.1 GOVERNMENT REGULATIONS AND HIGH EMISSIONS TO DRIVE MARKET
    7.6 IRON & STEEL 
           7.6.1 HIGH ANTHROPOGENIC CO2 EMISSIONS TO DRIVE MARKET
    7.7 OTHER END-USE INDUSTRIES 
 
8 CCUS ABSORPTION MARKET, BY REGION (Page No. - 99)
    8.1 INTRODUCTION 
    8.2 NORTH AMERICA 
           8.2.1 IMPACT OF RECESSION
                    8.2.1.1 US
                               8.2.1.1.1 Government support for implementation of CCUS absorption to drive market
                    8.2.1.2 Canada
                               8.2.1.2.1 Increasing investments in CCUS projects to drive market
                    8.2.1.3 Mexico
                               8.2.1.3.1 Need to curb GHG emissions from electricity & heat generation industry to drive market
    8.3 ASIA PACIFIC 
           8.3.1 IMPACT OF RECESSION
           8.3.2 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE
           8.3.3 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY
           8.3.4 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY COUNTRY
                    8.3.4.1 China
                               8.3.4.1.1 Collaborations with various countries and organizations to drive market
                    8.3.4.2 Japan
                               8.3.4.2.1 Major technology providers and strong industrial base to support market growth
                    8.3.4.3 India
                               8.3.4.3.1 Industrialization and emission regulations to drive market
                    8.3.4.4 Australia
                               8.3.4.4.1 Funding initiatives by government to boost market
                    8.3.4.5 Rest of Asia Pacific
    8.4 EUROPE 
           8.4.1 IMPACT OF RECESSION
           8.4.2 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE
           8.4.3 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY
           8.4.4 CCUS ABSORPTION MARKET, BY COUNTRY
                    8.4.4.1 Norway
                               8.4.4.1.1 Increased need for electricity generation from natural gas to drive market
                    8.4.4.2 UK
                               8.4.4.2.1 Ambitious new strategy aimed at becoming global leader in CCUS to boost market
                    8.4.4.3 France
                               8.4.4.3.1 Government initiatives toward reducing carbon emissions to boost market
                    8.4.4.4 Netherlands
                               8.4.4.4.1 Implementation of projects to boost market
                    8.4.4.5 Italy
                               8.4.4.5.1 Demand for CCUS systems to drive market
                    8.4.4.6 Rest of Europe
    8.5 MIDDLE EAST & AFRICA 
           8.5.1 IMPACT OF RECESSION
           8.5.2 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE
           8.5.3 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY
           8.5.4 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY COUNTRY
                    8.5.4.1 GCC countries
                    8.5.4.2 UAE
                               8.5.4.2.1 Commitment to meet climate goals to drive market
                    8.5.4.3 Saudi Arabia
                               8.5.4.3.1 Government support and increasing investments in renewable energy to boost market
                    8.5.4.4 Rest of GCC countries
                    8.5.4.5 Rest of Middle East & Africa
    8.6 SOUTH AMERICA 
           8.6.1 IMPACT OF RECESSION
           8.6.2 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE
           8.6.3 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY
           8.6.4 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY
                    8.6.4.1 Brazil
                               8.6.4.1.1 Demand from industrial plants to drive market
                    8.6.4.2 Argentina
                               8.6.4.2.1 Imposition of carbon tax on liquids and other fluids to drive market
                    8.6.4.3 Chile
                               8.6.4.3.1 Emphasis on forest carbon capture to achieve carbon neutrality to drive market
                    8.6.4.4 Rest of South America
 
9 COMPETITIVE LANDSCAPE (Page No. - 161)
    9.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 
    9.2 REVENUE ANALYSIS 
    9.3 MARKET SHARE ANALYSIS 
    9.4 BRAND/PRODUCT COMPARATIVE ANALYSIS 
           9.4.1 COMPARATIVE ANALYSIS OF CCUS ABSORPTION TECHNOLOGY BRANDS/PRODUCTS
                    9.4.1.1 Fluor Econamine FG Plus
                    9.4.1.2 ExxonMobil Corporation: CCUS
                    9.4.1.3 Equinor ASA: CCUS
                    9.4.1.4 Mitsubishi: KM-CDR
                    9.4.1.5 Aker Solutions: CCUS
    9.5 COMPANY EVALUATION MATRIX 
           9.5.1 STARS
           9.5.2 PERVASIVE PLAYERS
           9.5.3 EMERGING LEADERS
           9.5.4 PARTICIPANTS
           9.5.5 COMPANY FOOTPRINT
    9.6 STARTUP/SME EVALUATION MATRIX 
           9.6.1 PROGRESSIVE COMPANIES
           9.6.2 RESPONSIVE COMPANIES
           9.6.3 DYNAMIC COMPANIES
           9.6.4 STARTING BLOCKS
           9.6.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
    9.7 COMPETITIVE SCENARIO AND TRENDS 
    9.8 VALUATION AND FINANCIAL METRICS OF CCUS ABSORPTION TECHNOLOGY PROVIDERS 
 
10 COMPANY PROFILES (Page No. - 188)
     10.1 KEY COMPANIES 
             10.1.1 FLUOR CORPORATION
                        10.1.1.1 Business overview
                        10.1.1.2 Products/Solutions/Services offered
                        10.1.1.3 Recent developments
                                     10.1.1.3.1 Deals
                                     10.1.1.3.2 Other developments
                        10.1.1.4 MnM view
                                     10.1.1.4.1 Right to win
                                     10.1.1.4.2 Strategic choices
                                     10.1.1.4.3 Weaknesses and competitive threats
             10.1.2 EXXONMOBIL CORPORATION
                        10.1.2.1 Business overview
                        10.1.2.2 Products/Solutions/Services offered
                        10.1.2.3 Recent developments
                                     10.1.2.3.1 Deals
                                     10.1.2.3.2 Expansions
                        10.1.2.4 MnM view
                                     10.1.2.4.1 Right to win
                                     10.1.2.4.2 Strategic choices
                                     10.1.2.4.3 Weaknesses and competitive threats
             10.1.3 ROYAL DUTCH SHELL PLC
                        10.1.3.1 Business overview
                        10.1.3.2 Products/Solutions/Services offered
                        10.1.3.3 Recent developments
                                     10.1.3.3.1 Deals
                                     10.1.3.3.2 Expansions
                        10.1.3.4 MnM view
                                     10.1.3.4.1 Right to win
                                     10.1.3.4.2 Strategic choices
                                     10.1.3.4.3 Weaknesses and competitive threats
             10.1.4 MITSUBISHI HEAVY INDUSTRIES
                        10.1.4.1 Business overview
                        10.1.4.2 Products/Solutions/Services offered
                        10.1.4.3 Recent developments
                                     10.1.4.3.1 Deals
                                     10.1.4.3.2 Expansions
                        10.1.4.4 MnM view
                                     10.1.4.4.1 Right to win
                                     10.1.4.4.2 Strategic choices
                                     10.1.4.4.3 Weaknesses and competitive threats
             10.1.5 JGC HOLDINGS CORPORATION
                        10.1.5.1 Business overview
                        10.1.5.2 Products/Solutions/Services offered
                        10.1.5.3 Recent developments
                                     10.1.5.3.1 Deals
                        10.1.5.4 MnM view
                                     10.1.5.4.1 Right to win
                                     10.1.5.4.2 Strategic choices
                                     10.1.5.4.3 Weaknesses and competitive threats
             10.1.6 SCHLUMBERGER LIMITED
                        10.1.6.1 Business overview
                        10.1.6.2 Products/Solutions/Services offered
                        10.1.6.3 Recent developments
                                     10.1.6.3.1 Deals
                                     10.1.6.3.2 Expansions
                        10.1.6.4 MnM view
                                     10.1.6.4.1 Right to win
                                     10.1.6.4.2 Strategic choices
                                     10.1.6.4.3 Weaknesses and competitive threats
             10.1.7 AKER SOLUTIONS
                        10.1.7.1 Business overview
                        10.1.7.2 Products/Solutions/Services offered
                        10.1.7.3 Recent developments
                                     10.1.7.3.1 Deals
                        10.1.7.4 MnM view
                                     10.1.7.4.1 Right to win
                                     10.1.7.4.2 Strategic choices
                                     10.1.7.4.3 Weaknesses and competitive threats
             10.1.8 EQUINOR
                        10.1.8.1 Business overview
                        10.1.8.2 Products/Solutions/Services offered
                        10.1.8.3 Recent developments
                                     10.1.8.3.1 Deals
                                     10.1.8.3.2 Expansions
                        10.1.8.4 MnM view
                                     10.1.8.4.1 Right to win
                                     10.1.8.4.2 Strategic choices
                                     10.1.8.4.3 Weaknesses and competitive threats
             10.1.9 HONEYWELL INTERNATIONAL
                        10.1.9.1 Business overview
                        10.1.9.2 Products/Solutions/Services offered
                        10.1.9.3 Recent developments
                                     10.1.9.3.1 Deals
                        10.1.9.4 MnM view
                                     10.1.9.4.1 Right to win
                                     10.1.9.4.2 Strategic choices
                                     10.1.9.4.3 Weaknesses and competitive threats
             10.1.10 TOTALENERGIES SE
                        10.1.10.1 Business overview
                        10.1.10.2 Products/Solutions/Services offered
                        10.1.10.3 Recent developments
                                     10.1.10.3.1 Deals
                        10.1.10.4 MnM view
                                     10.1.10.4.1 Right to win
                                     10.1.10.4.2 Strategic choices
                                     10.1.10.4.3 Weaknesses and competitive threats
             10.1.11 BASF
                        10.1.11.1 Business overview
                        10.1.11.2 Products/Solutions/Services offered
                        10.1.11.3 Recent developments
                                     10.1.11.3.1 Deals
                        10.1.11.4 MnM view
                                     10.1.11.4.1 Right to win
                                     10.1.11.4.2 Strategic choices
                                     10.1.11.4.3 Weaknesses and competitive threats
             10.1.12 HITACHI
                        10.1.12.1 Business overview
                        10.1.12.2 Products/Solutions/Services offered
                        10.1.12.3 MnM view
                                     10.1.12.3.1 Right to win
                                     10.1.12.3.2 Strategic choices
                                     10.1.12.3.3 Weaknesses and competitive threats
             10.1.13 SIEMENS
                        10.1.13.1 Business overview
                        10.1.13.2 Products/Solutions/Services offered
                        10.1.13.3 MnM view
                                     10.1.13.3.1 Right to win
                                     10.1.13.3.2 Strategic choices
                                     10.1.13.3.3 Weaknesses and competitive threats
             10.1.14 GENERAL ELECTRIC
                        10.1.14.1 Business overview
                        10.1.14.2 Products/Solutions/Services offered
                        10.1.14.3 MnM view
                                     10.1.14.3.1 Right to win
                                     10.1.14.3.2 Strategic choices
                                     10.1.14.3.3 Weaknesses and competitive threats
             10.1.15 CHEVRON CORPORATION
                        10.1.15.1 Business overview
                        10.1.15.2 Products/Solutions/Services offered
                        10.1.15.3 MnM view
                                     10.1.15.3.1 Right to win
                                     10.1.15.3.2 Strategic choices
                                     10.1.15.3.3 Weaknesses and competitive threats
     10.2 OTHER PLAYERS 
             10.2.1 CARBON CLEAN SOLUTIONS
             10.2.2 OCCIDENTAL
             10.2.3 BABCOCK & WILCOX
             10.2.4 BRITISH PETROLEUM
             10.2.5 GREEN POWER INTERNATIONAL
             10.2.6 WOLF MIDSTREAM
             10.2.7 SONATRACH
 
11 APPENDIX (Page No. - 249)
     11.1 DISCUSSION GUIDE 
     11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     11.3 CUSTOMIZATION OPTIONS 
     11.4 RELATED REPORTS 
     11.5 AUTHOR DETAILS 
 
LIST OF TABLES (276 TABLES)
 
TABLE 1 COUNTRY-WISE LIST OF ZERO-EMISSION TARGETS
TABLE 2 ANNOUNCED HYDROGEN PROJECTS
TABLE 3 CCUS ABSORPTION MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 4 CCUS ABSORPTION MARKET: ROLE OF COMPANIES IN ECOSYSTEM
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES IN CCUS ABSORPTION MARKET
TABLE 6 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES IN CCUS ABSORPTION MARKET
TABLE 7 TOTAL NUMBER OF PATENTS
TABLE 8 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 CURRENT STANDARD CODES FOR CCUS ABSORPTION MARKET
TABLE 13 KEY CONFERENCES AND EVENTS, 2024–2025
TABLE 14 AVERAGE SELLING PRICE OF CCUS ABSORPTION, BY REGION
TABLE 15 TOP 10 EXPORTING COUNTRIES IN 2023
TABLE 16 TOP 10 IMPORTING COUNTRIES IN 2023
TABLE 17 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 18 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 19 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 20 CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 21 PHYSICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 22 PHYSICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 23 PHYSICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 24 PHYSICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 25 CHEMICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 26 CHEMICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 27 CHEMICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 28 CHEMICAL ABSORPTION: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 29 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
TABLE 30 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
TABLE 31 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 32 CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
TABLE 33 OIL & GAS: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 34 OIL & GAS: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 35 OIL & GAS: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 36 OIL & GAS: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 37 POWER GENERATION: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 38 POWER GENERATION: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 39 POWER GENERATION: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 40 POWER GENERATION: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 41 CHEMICAL & PETROCHEMICAL: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 42 CHEMICAL & PETROCHEMICAL: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 43 CHEMICAL & PETROCHEMICAL: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 44 CHEMICAL & PETROCHEMICAL: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 45 CEMENT: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 46 CEMENT: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 47 CEMENT: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 48 CEMENT: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 49 IRON & STEEL: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 50 IRON & STEEL: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 51 IRON & STEEL: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 52 IRON & STEEL: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 53 OTHER END-USE INDUSTRIES: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 54 OTHER END-USE INDUSTRIES: CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 55 OTHER END-USE INDUSTRIES: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 56 OTHER END-USE INDUSTRIES: CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 57 CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (USD MILLION)
TABLE 58 CCUS ABSORPTION MARKET, BY REGION, 2019–2023 (KILOTON)
TABLE 59 CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 60 CCUS ABSORPTION MARKET, BY REGION, 2024–2030 (KILOTON)
TABLE 61 NORTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 62 NORTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 63 NORTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 64 NORTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 65 NORTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
TABLE 66 NORTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
TABLE 67 NORTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 68 NORTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
TABLE 69 NORTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 70 NORTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 71 NORTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 72 NORTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (KILOTON)
TABLE 73 US: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 74 US: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 75 US: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 76 US: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 77 CANADA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 78 CANADA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 79 CANADA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 80 CANADA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 81 MEXICO: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 82 MEXICO: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 83 MEXICO: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 84 MEXICO: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 85 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 86 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 87 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 88 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 89 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
TABLE 90 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
TABLE 91 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 92 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
TABLE 93 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 94 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 95 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 96 ASIA PACIFIC: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (KILOTON)
TABLE 97 CHINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 98 CHINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 99 CHINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 100 CHINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 101 JAPAN: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 102 JAPAN: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 103 JAPAN: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 104 JAPAN: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 105 INDIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 106 INDIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 107 INDIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 108 INDIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 109 AUSTRALIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 110 AUSTRALIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 111 AUSTRALIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 112 AUSTRALIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 113 REST OF ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 114 REST OF ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 115 REST OF ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 116 REST OF ASIA PACIFIC: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 117 EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 118 EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 119 EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 120 EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 121 EUROPE: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
TABLE 122 EUROPE: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
TABLE 123 EUROPE: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 124 EUROPE: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
TABLE 125 EUROPE: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 126 EUROPE: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 127 EUROPE: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 128 EUROPE: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (KILOTON)
TABLE 129 NORWAY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 130 NORWAY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 131 NORWAY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 132 NORWAY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 133 UK: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 134 UK: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 135 UK: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 136 UK: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 137 FRANCE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 138 FRANCE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 139 FRANCE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 140 FRANCE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 141 NETHERLANDS: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 142 NETHERLANDS: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 143 NETHERLANDS: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 144 NETHERLANDS: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 145 ITALY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 146 ITALY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 147 ITALY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 148 ITALY: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 149 REST OF EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 150 REST OF EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 151 REST OF EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 152 REST OF EUROPE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 153 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 154 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 155 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 156 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 157 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
TABLE 158 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
TABLE 159 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 160 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
TABLE 161 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 162 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 163 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 164 MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (KILOTON)
TABLE 165 GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 166 GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 167 GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 168 GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 169 UAE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 170 UAE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 171 UAE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 172 UAE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 173 SAUDI ARABIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 174 SAUDI ARABIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 175 SAUDI ARABIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 176 SAUDI ARABIA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 177 REST OF GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 178 REST OF GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 179 REST OF GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 180 REST OF GCC COUNTRIES: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 181 REST OF MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 182 REST OF MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 183 REST OF MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 184 REST OF MIDDLE EAST & AFRICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 185 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 186 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 187 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 188 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 189 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)
TABLE 190 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2019–2023 (KILOTON)
TABLE 191 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 192 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY END-USE INDUSTRY, 2024–2030 (KILOTON)
TABLE 193 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 194 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2019–2023 (KILOTON)
TABLE 195 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 196 SOUTH AMERICA: CCUS ABSORPTION MARKET, BY COUNTRY, 2024–2030 (KILOTON)
TABLE 197 BRAZIL: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 198 BRAZIL: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 199 BRAZIL: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 200 BRAZIL: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 201 ARGENTINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 202 ARGENTINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 203 ARGENTINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 204 ARGENTINA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 205 CHILE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 206 CHILE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 207 CHILE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 208 CHILE: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 209 REST OF SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (USD MILLION)
TABLE 210 REST OF SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2019–2023 (KILOTON)
TABLE 211 REST OF SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (USD MILLION)
TABLE 212 REST OF SOUTH AMERICA: CCUS ABSORPTION MARKET, BY ABSORPTION TYPE, 2024–2030 (KILOTON)
TABLE 213 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 214 DEGREE OF COMPETITION
TABLE 215 OVERALL COMPANY FOOTPRINT (15 COMPANIES)
TABLE 216 END-USE INDUSTRY: COMPANY FOOTPRINT (15 COMPANIES)
TABLE 217 REGION: COMPANY FOOTPRINT (15 COMPANIES)
TABLE 218 CCUS ABSORPTION MARKET: KEY STARTUPS/SMES
TABLE 219 CCUS ABSORPTION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 220 CCUS ABSORPTION MARKET: DEALS, JANUARY 2019–MAY 2024
TABLE 221 CCUS ABSORPTION MARKET: EXPANSIONS, JANUARY 2019–MAY 2024
TABLE 222 CCUS ABSORPTION MARKET: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2024
TABLE 223 FLUOR CORPORATION: COMPANY OVERVIEW
TABLE 224 FLUOR CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 225 FLUOR CORPORATION: DEALS, JANUARY 2019–MAY 2024
TABLE 226 FLUOR CORPORATION: OTHER DEVELOPMENTS, JANUARY 2019–MAY 2024
TABLE 227 EXXONMOBIL CORPORATION: COMPANY OVERVIEW
TABLE 228 EXXONMOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 229 EXXONMOBIL CORPORATION: DEALS, JANUARY 2019–MAY 2024
TABLE 230 EXXONMOBIL CORPORATION: EXPANSIONS, JANUARY 2019–MAY 2024
TABLE 231 ROYAL DUTCH SHELL PLC: COMPANY OVERVIEW
TABLE 232 ROYAL DUTCH SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 233 ROYAL DUTCH SHELL PLC: DEALS, JANUARY 2019–MAY 2024
TABLE 234 ROYAL DUTCH SHELL PLC: EXPANSIONS, JANUARY 2019–MAY 2024
TABLE 235 MITSUBISHI HEAVY INDUSTRIES: COMPANY OVERVIEW
TABLE 237 MITSUBISHI HEAVY INDUSTRIES: DEALS, JANUARY 2019–MAY 2024
TABLE 238 MITSUBISHI HEAVY INDUSTRIES: EXPANSIONS, JANUARY 2019–MAY 2024
TABLE 241 JGC HOLDINGS CORPORATION: DEALS, JANUARY 2019–MAY 2024
TABLE 242 SCHLUMBERGER LIMITED: COMPANY OVERVIEW
TABLE 243 SCHLUMBERGER LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 244 SCHLUMBERGER LIMITED: DEALS, JANUARY 2019–MAY 2024
TABLE 245 SCHLUMBERGER LIMITED: EXPANSIONS, JANUARY 2019–MAY 2024
TABLE 246 AKER SOLUTIONS: COMPANY OVERVIEW
TABLE 247 AKER SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 248 AKER SOLUTIONS: DEALS, JANUARY 2019–MAY 2024
TABLE 249 EQUINOR: COMPANY OVERVIEW
TABLE 250 EQUINOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 251 EQUINOR: DEALS, JANUARY 2019–MAY 2024
TABLE 252 EQUINOR: EXPANSIONS, JANUARY 2019–MAY 2024
TABLE 253 HONEYWELL INTERNATIONAL: COMPANY OVERVIEW
TABLE 254 HONEYWELL INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 255 HONEYWELL INTERNATIONAL: DEALS, JANUARY 2019–MAY 2024
TABLE 256 TOTALENERGIES SE: COMPANY OVERVIEW
TABLE 257 TOTALENERGIES SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 258 TOTALENERGIES SE: DEALS, JANUARY 2019–MAY 2024
TABLE 259 BASF: COMPANY OVERVIEW
TABLE 260 BASF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 261 BASF: DEALS, JANUARY 2019–MAY 2024
TABLE 262 HITACHI: COMPANY OVERVIEW
TABLE 263 HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 264 SIEMENS: COMPANY OVERVIEW
TABLE 265 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 266 GENERAL ELECTRIC: COMPANY OVERVIEW
TABLE 267 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 268 CHEVRON CORPORATION: COMPANY OVERVIEW
TABLE 269 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 270 CARBON CLEAN SOLUTIONS: COMPANY OVERVIEW
TABLE 271 OCCIDENTAL: COMPANY OVERVIEW
TABLE 272 BABCOCK & WILCOX: COMPANY OVERVIEW
TABLE 273 BRITISH PETROLEUM: COMPANY OVERVIEW
TABLE 274 GREEN POWER INTERNATIONAL: COMPANY OVERVIEW
TABLE 275 WOLF MIDSTREAM: COMPANY OVERVIEW
TABLE 276 SONATRACH: COMPANY OVERVIEW
 
LIST OF FIGURES (59 FIGURES)
 
FIGURE 1 CCUS ABSORPTION MARKET: RESEARCH DESIGN
FIGURE 2 CCUS ABSORPTION MARKET: BOTTOM-UP APPROACH
FIGURE 3 CCUS ABSORPTION MARKET: TOP-DOWN APPROACH
FIGURE 4 CCUS ABSORPTION MARKET: DATA TRIANGULATION
FIGURE 5 CHEMICAL ABSORPTION SEGMENT DOMINATED MARKET IN 2023
FIGURE 6 OIL & GAS INDUSTRY ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
FIGURE 7 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
FIGURE 8 INCREASING GOVERNMENT SUPPORT TO DRIVE MARKET
FIGURE 9 CHEMICAL ABSORPTION SEGMENT AND NORTH AMERICA ACCOUNTED FOR LARGEST SHARES IN 2023
FIGURE 10 CHEMICAL ABSORPTION HELD LARGEST SHARE IN 2023
FIGURE 11 OIL & GAS END-USE INDUSTRY ACCOUNTED FOR LARGEST SHARE IN 2023
FIGURE 12 MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 13 CCUS ABSORPTION MARKET: MARKET DYNAMICS
FIGURE 14 CCUS ABSORPTION MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 15 CCUS ABSORPTION MARKET: VALUE CHAIN ANALYSIS
FIGURE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
FIGURE 17 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
FIGURE 18 PATENT ANALYSIS, BY DOCUMENT TYPE
FIGURE 19 PATENT PUBLICATION TREND, 2018−2023
FIGURE 20 CCUS ABSORPTION MARKET: LEGAL STATUS OF PATENTS
FIGURE 21 CHINA JURISDICTION REGISTERED HIGHEST NUMBER OF PATENTS
FIGURE 22 KABUSHIKI KAISHA TOSHIBA REGISTERED HIGHEST NUMBER OF PATENTS
FIGURE 23 KEY PLAYERS IN CCUS ABSORPTION MARKET ECOSYSTEM
FIGURE 24 AVERAGE SELLING PRICES OF CCUS ABSORPTION OFFERED BY KEY PLAYERS FOR TOP THREE END-USE INDUSTRIES (USD/KG)
FIGURE 25 AVERAGE SELLING PRICE BASED ON ABSORPTION TYPE (USD/KG)
FIGURE 26 AVERAGE SELLING PRICE BASED ON END-USE INDUSTRY (USD/KG)
FIGURE 27 EXPORTS, BY KEY COUNTRIES, 2018–2023 (USD THOUSAND)
FIGURE 28 IMPORTS, BY KEY COUNTRIES, 2018–2023 (USD THOUSAND)
FIGURE 29 REVENUE SHIFT OF CCUS ABSORPTION MARKET
FIGURE 30 INVESTOR DEALS AND FUNDING IN CCUS ABSORPTION MARKET SOARED IN 2023
FIGURE 31 CHEMICAL ABSORPTION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 32 OIL & GAS END-USE INDUSTRY TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 33 CHINA TO BE FASTEST-GROWING CCUS ABSORPTION MARKET DURING FORECAST PERIOD
FIGURE 34 NORTH AMERICA: CCUS ABSORPTION MARKET SNAPSHOT
FIGURE 35 ASIA PACIFIC: CCUS ABSORPTION MARKET SNAPSHOT
FIGURE 36 EUROPE: CCUS ABSORPTION MARKET SNAPSHOT
FIGURE 37 CCUS ABSORPTION MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
FIGURE 38 SHARES OF TOP COMPANIES IN CCUS ABSORPTION MARKET
FIGURE 39 CCUS ABSORPTION MARKET: TOP TRENDING BRANDS/PRODUCTS
FIGURE 40 COMPARATIVE ANALYSIS OF CCUS ABSORPTION TECHNOLOGY BRANDS/PRODUCTS
FIGURE 41 CCUS ABSORPTION MARKET: COMPETITIVE LEADERSHIP MAPPING, 2023
FIGURE 42 CCUS ABSORPTION MARKET: STARTUP/SME EVALUATION MATRIX, 2023
FIGURE 43 EV/EBITDA OF KEY VENDORS
FIGURE 44 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
FIGURE 45 FLUOR CORPORATION: COMPANY SNAPSHOT
FIGURE 46 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
FIGURE 47 ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
FIGURE 50 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
FIGURE 51 AKER SOLUTIONS: COMPANY SNAPSHOT
FIGURE 52 EQUINOR: COMPANY SNAPSHOT
FIGURE 53 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 54 TOTALENERGIES SE: COMPANY SNAPSHOT
FIGURE 55 BASF: COMPANY SNAPSHOT
FIGURE 56 HITACHI: COMPANY SNAPSHOT
FIGURE 57 SIEMENS: COMPANY SNAPSHOT
FIGURE 58 GENERAL ELECTRIC: COMPANY SNAPSHOT
FIGURE 59 CHEVRON CORPORATION: COMPANY SNAPSHOT
 

The study involves two major activities in estimating the current size of the CCUS Absorption market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

In the secondary research process, information has been sourced from annual reports, press releases & investor presentations of companies; white papers; certified publications; trade directories; articles from recognized authors; and databases. Secondary research has been used to obtain critical information about the industry's value chain, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level, and regional markets. These have also been utilized to obtain information about the key developments from a market-oriented perspective.

Primary Research

The stakeholders in the value chain of the CCUS Absorption market include raw material suppliers, processors, end-product manufacturers, and end users. Various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Primary sources from the demand side include key opinion leaders from various end-use industries in the CCUS Absorption market. Primary sources from the supply side include experts from companies involved in CCUS Absorption.

Following is the breakdown of primary respondents:

CCUS Absorption Market Size, and Share

Notes: Tiers of companies are selected based on their ownership and revenues in 2023.

Others include sales managers, marketing managers, and product managers.

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total CCUS Absorption market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

CCUS Absorption Market Size: Botton Up Approach

CCUS Absorption Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

CCUS Absorption Market Size: Top-Down Approach

CCUS Absorption Market Size, and Share

Data Triangulation

After arriving at the overall CCUS Absorption market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the highways, bridges & buildings, marine structures & waterfronts and other applications.

Market Definition

Carbon Capture, Utilization, and Storage (CCUS) absorption is a process that involves capturing carbon dioxide (CO2) from industrial sources, such as power plants and manufacturing facilities, and storing it underground or utilizing it in various applications. The captured CO2 is chemically absorbed by a liquid solvent, typically an amine-based solution, and then transported to storage sites or utilized for enhanced oil recovery, production of fuels and chemicals, or other industrial processes. CCUS absorption plays a crucial role in reducing greenhouse gas emissions and mitigating climate change by preventing CO2 from entering the atmosphere. It is segmented based on absorption type (Chemical Absorption, Physical Absorption), End-Use industry (oil & gas, power generation, cement, chemicals & petrochemicals, iron & steel, others).

Key Stakeholders

  • CCUS technology developers
  • OEM
  • Universities, governments, and research organizations
  • CCUS technology associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environmental support agencies
  • Investment banks and private equity firms

Report Objectives

  • To define, describe, and forecast the CCUS Absorption market size in terms of volume and value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global CCUS Absorption market by type, form, application, end-use industry, and region
  • To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa, and analyze the significant region-specific trends
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
  • To strategically profile the key market players and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the CCUS Absorption market
Product Analysis
  • Product matrix, which provides a detailed comparison of the product portfolio of each company's market

Previous Versions of this Report

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