市場調查報告書
商品編碼
1400693
全球碳捕獲、利用和封存 (CCUS) 市場評估:按階段、技術、捕獲路線、最終用途行業、地區、機會、預測(2017-2031 年)Carbon Capture, Utilization, and Storage Market Assessment, By Stages, By Technology, By Capture Routes, By End-user Industry, By Region, Opportunities and Forecast, 2017-2031F |
全球碳捕獲、利用和封存(CCUS)市場規模將於2023年達到32.3億美元,2031年達到81.4億美元,2024-2031年預測期間複合年增長率為12.25%。
全球環境問題意識的增強、嚴格的減排目標和政府激勵措施推動了市場成長。此外,快速的技術進步、有利的政策和企業承諾正在促進市場擴張並培養更清潔和可持續的未來。
碳捕集與封存(CCS)計畫公告的快速增加極大地推動了市場的成長。已經宣布了許多項目,重點是部署先進技術來捕獲和儲存碳排放,反映了全球應對氣候變遷的努力。這些努力表明人們越來越認識到 CCUS 是減少碳排放的重要工具,為市場擴張和這些技術的廣泛採用創造了重大機會。
CCUS 意識的提高正在推動 CCUS 市場的顯著成長。隨著環保意識的增強,產業和政府意識到 CCUS 計畫在緩解氣候變遷方面發揮著至關重要的作用。意識的提高正在推動投資、研究和政策支持,為 CCUS 技術的廣泛採用創造有利的環境。此外,市場擴張也是人們日益認識到 CCUS 是解決全球碳排放問題的關鍵解決方案的直接結果。
不斷發展的二氧化碳捕獲技術預計將提供廣泛的市場機會。隨著對永續解決方案的需求增加,二氧化碳捕集技術的進步為廣泛採用提供了機會。此外,市場還可以從提高效率、降低成本並更好地解決環境問題的技術創新中受益。此外,不斷變化的格局提供了為碳減排工作做出貢獻的機會,並與世界日益關注減緩氣候變遷和培育更永續的未來一致。
由於多種因素,北美已成為全球 CCUS 市場的領導者。該地區廣泛的工業基礎設施、豐富的自然資源以及對減少碳排放的承諾使其具有優勢。此外,政府支持政策、研究活動以及對 CCUS 技術的投資正在鞏固市場地位。此外,人們認識到 CCUS 是緩解氣候變遷和實現減排目標的關鍵解決方案,這進一步支持了北美在引領這項重要技術的開發和部署方面的領導地位。
政府措施對於 CCUS 市場的發展至關重要,提供政策、財政支持和監管框架來激勵產業進入和研究。這些舉措透過鼓勵對 CCUS 技術的投資來解決環境問題並刺激經濟成長。
COVID-19 大流行最初擾亂了 CCUS 市場,由於經濟不確定性導致專案延遲和取消。在 COVID-19 之前,隨著投資的增加和政府的支持,市場呈現穩定成長。然而,在新冠肺炎 (COVID-19) 疫情之後,我們看到了顯著的轉變,各國政府透過向包括 CCUS 在內的永續計畫投資巨額資金,優先考慮綠色復甦。此外,疫情凸顯了供應鏈的脆弱性,並促使人們重新評估能源彈性。因此,CCUS 作為氣候變遷減緩和經濟復甦計畫的關鍵組成部分再次受到關注。此外,最初受影響的市場正在以積極的前景進行調整,並更加重視可持續和有彈性的能源系統。
本報告研究和分析了全球碳捕獲、利用和封存(CCUS)市場,提供市場規模和預測、市場動態以及主要參與者的現狀和前景。
Global carbon capture, utilization, and storage market size was valued at USD 3.23 billion in 2023, which is expected to reach USD 8.14 billion in 2031, with a CAGR of 12.25% for the forecasted period between 2024 and 2031.
Carbon capture, utilization, and storage offer vital environmental benefits by reducing greenhouse gas emissions. It helps decarbonize various energy system components, including industry, trucks, and ships. The CCUS market's growth is driven by increasing global awareness of environmental issues, stringent emission reduction targets, and government incentives. Moreover, rapid technological advancements, favorable policies, and corporate commitments contribute to the expanding market, thereby fostering a cleaner and more sustainable future.
CCUS plays a crucial role in decarbonization efforts by capturing emissions from hard-to-abate sectors like cement and steel. It enables cost-effective low-carbon hydrogen production, thereby supporting the transition to cleaner energy. This technology mitigates GHG emissions in industrial processes and provides a versatile solution for reducing carbon footprints in various sectors, thus helping to meet the sustainability goals and combat climate change on a broader scale.
As per the International Energy Agency, CCUS plays a vital role in decarbonizing the chemical sector, contributing significantly with almost 38% of total emissions reductions. The chemical industry sees the highest CO2 capture at 14 GtCO2, primarily due to production processes that generate relatively pure CO2 streams, thereby making carbon capture a much cost-effective process.
The surge in the announcements of Carbon Capture and Storage (CCS) project is significantly driving the extensive growth of the CCUS market. With numerous projects being unveiled, there is an enhanced emphasis on deploying advanced technologies to capture and store carbon emissions, thereby reflecting a global commitment to combat climate change. This rise in initiatives showcases the growing recognition of CCUS as a crucial tool for carbon reduction and creates substantial opportunities for market expansion and widespread adoption of these technologies.
For example, in November 2023, ExxonMobil announced an investment of USD 15 million in Indonesia for setting up a refinery and a carbon capture project. This carbon capture project will be the largest in Southeast Asia. Moreover, Indonesia's state-owned PT Pertamina disclosed the signing of an agreement with ExxonMobil for a USD 2 billion carbon capture hub project in the Java Sea, boasting a capacity of almost 3 gigatons.
The increasing awareness of CCUS is fostering substantial growth in the CCUS market. As environmental consciousness rises, industries and governments recognize their pivotal role of CCUS projects in mitigating the climate change. Enhancing awareness is driving investments, research, and policy support, thereby creating a favorable environment for the widespread adoption of CCUS technologies. Moreover, the market's expansion is a direct outcome of the growing acknowledgment of CCUS as a key solution in the global effort to address carbon emissions.
As per Global CCS Institute, in September 2022, the cumulative capacity of commercial CCS projects in various stages, including operational, in development, and those with suspended operations, reached 243.97 million tons per annum (Mtpa) of carbon dioxide (CO2). It marked a 44% surge in capacity over the preceding 12 months, indicating a substantial growth prospect in the CCS sector.
The evolving CO2 capture technologies are expected to cater to extensive market opportunities. As the demand for sustainable solutions rises, the advancements in carbon capture technologies present opportunities for widespread implementation. Moreover, the market can benefit from innovations that enhance efficiency, reduce costs, and address environmental concerns adequately. Furthermore, the evolving landscape offers opportunities for businesses to contribute to carbon reduction efforts and align with the growing global focus on mitigating climate change and fostering a more sustainable future.
For example, in October 2023, Engineers at MIT and Harvard University formulated an effective method known as "carbon capture and conversion" for producing fuel from captured carbon dioxide. The process initiates with an alkaline solution-based capture, concentrating carbon dioxide from diverse sources into a liquid metal-bicarbonate solution. Subsequently, employing a cation-exchange membrane electrolyzers, bicarbonate undergoes electrochemical conversion into solid formate crystals, achieving a remarkable carbon efficiency of almost 96%.
North America has emerged as a leader in global CCUS market due to several factors. The region's extensive industrial infrastructure, abundant natural resources, and commitment to reducing carbon emissions contribute to its prominence. Additionally, supportive government policies, research initiatives, and investments in CCUS technologies boost its market position. Moreover, the recognition of CCUS as a key solution for mitigating climate change and meeting emission reduction goals further propels North America's leadership in spearheading the development and implementation of these crucial technologies.
For instance, according to the International Energy Agency (IEA), approximately 80 carbon capture projects aim to be operational by 2030. IEA data indicates that the United States may experience a fivefold increase in CO2 capture capacity, reaching over 100 MT annually since 2023. Meanwhile, Canada is advancing at a rapid pace with around 15 carbon capture projects which are currently in different stages of development.
Government initiatives are vital for the CCUS market's progress, providing policies, financial support, and regulatory frameworks to incentivize industry participation and research. Such efforts address environmental concerns and stimulate economic growth by encouraging investment in CCUS technologies, henceforth contributing to a sustainable and low-carbon global economy.
For example, in July 2022, the European Commission invested USD 1.97 billion for seventeen large-scale innovative clean tech projects, including carbon capture and storage initiatives, as part of the EU Innovation Fund. Among the approved projects, seven incorporate CCUS components are spread across Bulgaria, Iceland, Poland, France, Sweden, and Germany. These projects encompass diverse initiatives, from low-carbon cement production to carbon mineral storage site development and sustainable aviation fuel production. It marks the second round of funding through the EU Innovation Fund, with the upcoming third call anticipating a substantial increase to USD 3.2 billion for clean tech projects.
The COVID-19 pandemic initially disrupted the CCUS market, causing project delays and cancellations due to economic uncertainties. Pre-COVID, the market showed steady growth with increasing investments and government support. However, post-COVID, there's a notable shift as governments prioritize green recovery by investing huge funds into sustainable projects, including CCUS. Moreover, the pandemic has highlighted the vulnerability of supply chains, prompting a re-evaluation of energy resilience. As a result, there's a renewed focus on CCUS as a key component of climate change mitigation and economic recovery plans. Furthermore, the market, though initially impacted, is adapting to present conditions with a positive outlook fueled by the growing emphasis on sustainable and resilient energy systems.
The global CCUS market is experiencing swift progress as major corporations increase their investments in the CCS projects. These companies are dedicating significant resources to enhance their market presence and boost profitability. Through active participation in collaborations, acquisitions, and partnerships, these enterprises are reshaping the industry's landscape and expediting the overall growth of the market.
In November 2023, Evero Energy Group Ltd, a prominent low-carbon waste-to-energy firm, entered a partnership with Mitsubishi Heavy Industries, Ltd. (MHI) for the implementation of its InBECCS (Ince Bioenergy with Carbon Capture and Storage) project in Northwest United Kingdom. Upon its operational commencement in 2029, the project aims to produce up to 250,000 tons of engineered carbon removal annually. Leveraging high biogenic content waste wood feedstock, the project is anticipated to contribute around 5% towards the Government's 2030 GHG Removals target.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.