Carbon Capture and Storage Market Analysis

Technology (Pre-Combustion Capture, Post Combustion Capture, OXY-Fuel Combustion Capture, Industrial Separation Capture)

The post combustion capture segment in the carbon capture and storage market is poised to witness substantial demand by the end of 2037. In post combustion capture, CO2 is taken out of the atmosphere after fossil fuels are burned in power plants. At power plants or other point sources, CO2 is extracted from flue gases. Additional industrial applications are currently using the technology. Since PCC can often be integrated into already-existing industrial units and power stations without significantly affecting the original facility, post-combustion recapture is the most common research focus. For both existing and new power plants, post-combustion capture provides significant operational flexibility (partial refit, zero to full capture operation) and can adapt to market conditions.

End User Industry (Food & Beverages, Manufacturing Sector, Coal & Biomass Power Plants, Iron & Steel, Oil & Gas Sector, Chemical Industries)

Carbon capture and storage market from the oil & gas sector segment is set to grow at a share of approximately 30% over the forecast period. The oil and gas sector has expanded as a result of a rising need for both natural gas and crude oil across multiple sectors further boosting market growth. Moreover, the development of carbon capture and storage projects could be greatly aided by the expanding investments in the oil sector to fulfill rising energy demands while focusing on reducing greenhouse gas emissions.

Our in-depth analysis of the global market includes the following segments: