세계의 탄소 포집 및 격리 시장 예측(-2030년) : 컴퍼넌트별, 회수원별, 용도별, 지역별 분석

According to Stratistics MRC, the Global Carbon Capture and Sequestration Market is accounted for $3.27 billion in 2024 and is expected to reach $10.51 billion by 2030 growing at a CAGR of 21.5% during the forecast period. Carbon capture and sequestration (CCS) is a process designed to mitigate climate change by capturing carbon dioxide (CO2) emissions from industrial and energy-related sources before they are released into the atmosphere. The captured CO2 is then transported to a storage site where it is securely stored, usually deep underground in geological formations such as depleted oil and gas reservoirs, saline aquifers, or unmineable coal seams. CCS plays a significant role in enabling the continued use of fossil fuels while reducing their environmental impact. It also offers a bridge to a low-carbon future by complementing renewable energy sources like wind and solar power, which are intermittent and require backup power generation.

Market Dynamics:

Driver:

Rising demand for CO2 enhanced oil recovery (EOR) projects

CO2 EOR involves injecting carbon dioxide into depleted oil fields to enhance oil production, utilizing a process that both extracts more oil and permanently stores CO2 underground. This dual benefit addresses two critical challenges: meeting energy demands by revitalizing mature oil fields and mitigating carbon emissions by securely storing CO2. As global efforts intensify to reduce greenhouse gas emissions, CCS technologies, particularly those linked to CO2 EOR, are gaining traction due to their potential to achieve both economic and environmental objectives simultaneously. This trend is driving investments in CCS infrastructure and technology development, positioning it as a pivotal strategy in the transition towards more sustainable energy practices globally.

Restraint:

Financial risks and uncertainty

Implementing CCS technologies involves substantial upfront costs for infrastructure development and operational expenses, which often deter potential investors and stakeholders. Uncertainty about future government policies, including carbon pricing mechanisms and regulatory frameworks, further complicates investment decisions in CCS projects. The long-term viability and effectiveness of CCS technologies in reducing carbon emissions are still being evaluated, adding to the perceived financial risks. This combination of high costs, regulatory unpredictability, and technological uncertainties creates a challenging environment for the widespread adoption and scaling of CCS initiatives.

Opportunity:

Global partnerships and collaboration

Global partnerships and collaborations are pivotal in advancing the carbon capture and sequestration (CCS) market by pooling resources, expertise, and technologies from diverse stakeholders worldwide. These partnerships facilitate accelerated research and development, making innovations more accessible and cost-effective. For instance, multinational corporations, research institutions, and governments join forces to tackle the complexities of CCS, aiming to mitigate carbon emissions on a significant scale. Collaborative efforts not only enhance technological capabilities but also streamline regulatory frameworks and investment opportunities, crucial for scaling up CCS projects globally.

Threat:

Regulatory and permitting challenges

The carbon capture and sequestration (CCS) market faces significant hurdles due to regulatory and permitting challenges. Governments impose stringent environmental regulations and complex permitting processes to ensure the safety and efficacy of CCS projects. These regulations often require extensive assessments of environmental impact, geological suitability, and operational safety, which can delay project timelines and increase costs. However, uncertain regulatory frameworks create risks for investors and project developers, discouraging investment in CCS technology.

Covid-19 Impact:

The COVID-19 pandemic significantly affected the carbon capture and sequestration (CCS) market. It disrupted supply chains and construction timelines for CCS projects worldwide, delaying or halting progress on many initiatives. The economic downturn resulted in reduced funding and investment in CCS technologies as governments and businesses focused on immediate health and economic recovery needs rather than longer-term sustainability projects. However, the drop in energy demand during lockdowns temporarily reduced CO2 emissions, altering the urgency and priorities around CCS deployment.

The Oxy-Fuel Combustion segment is expected to be the largest during the forecast period

Oxy-Fuel Combustion segment is expected to be the largest during the forecast period. Unlike traditional combustion methods using air, oxy-fuel combustion involves burning fossil fuels in a mixture of pure oxygen and recycled flue gas, resulting in a concentrated CO2 stream that is easier to capture. This process not only enhances the purity of the captured CO2 but also reduces the energy required for separation and compression, thus lowering overall operational costs of CCS systems. Its integration into CCS strategies marks a critical step forward in achieving sustainable development goals and combating climate change on a global scale.

The Power Generation segment is expected to have the highest CAGR during the forecast period

Power Generation segment is expected to have the highest CAGR during the forecast period. CCS technology involves capturing carbon dioxide (CO2) produced by power plants and industrial processes, preventing its release into the atmosphere, and securely storing it underground. As the global focus on reducing carbon footprints intensifies, power generation entities are increasingly investing in CCS as a crucial strategy. This technology not only helps power plants comply with stringent emissions regulations but also supports sustainable development goals by enabling the continued use of fossil fuels while minimizing environmental impact.

Region with largest share:

Europe region commanded the largest share of the market over the extrapolated period. By incentivizing consistent and reliable funding over extended periods, European initiatives bolster research, development, and implementation of CCS technologies. This stability attracts private and public investments, which are crucial for scaling up CCS projects to effectively capture and store carbon dioxide emissions from industrial processes and power generation. Moreover, it encourages innovation in CCS technologies, driving down costs and enhancing efficiency over time across the region.

Region with highest CAGR:

Europe region is poised to hold profitable growth during the projection period. International commitments and agreements provide a framework for cooperation among nations to tackle climate change by reducing carbon emissions. Europe has taken significant strides in promoting CCS technologies through initiatives such as the European Green Deal and the Paris Agreement. Furthermore, by setting ambitious targets and regulatory frameworks, countries in Europe create a stable environment for CCS projects to thrive, attracting both public and private investments.

Key players in the market

Some of the key players in Carbon Capture and Sequestration market include ADNOC Group, Aker Solutions, BASF SE, Carbon Engineering Ltd, China National Petroleum Corporation, Dakota Gasification Company, Exxon Mobil Corporation, Fluor Corporation, Linde Plc and NRG Energy.

Key Developments:

In July 2023, Fluor Corporation announced its recent agreement by which it has secured a license to implement Fluor's advanced Econamine FG PlusSM carbon capture technology within Federated Co-Operatives Limited's (FCL) Co-op Renewable Diesel Complex located in Regina, Saskatchewan, Canada. This partnership aligns with FCL's broader energy roadmap, where the renewable diesel initiative stands as a prominent feature within their comprehensive USD 2 billion investment strategy, focusing on the development of an integrated agricultural complex.

In June 2023, ExxonMobil signed an agreement with Nucor Corporation, a prominent steel manufacturer in North America, which underscores our ongoing commitment to facilitating emissions reduction for industrial clients.

In January 2023, ADNOC Group introduced an unprecedented initiative, marking the world's inaugural fully Sequestered CO2 Injection Project. ADNOC has initiated the implementation of a CO2 injection well, wherein the entirety of the injected CO2 would be meticulously captured and stored within Abu Dhabi's carbonate saline aquifer.

Components Covered:

• Oxy-Fuel Combustion
• Post-Combustion Capture
• Pre-Combustion Capture

Capture Sources Covered:

• Chemicals
• Fertilizers Production
• Natural Gas Processing
• Power Generation
• Other Capture Sources

Applications Covered:

• Agricultural
• Industrial
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Carbon Capture and Sequestration Market, By Component

• 5.1 Introduction
• 5.2 Oxy-Fuel Combustion
• 5.3 Post-Combustion Capture
• 5.4 Pre-Combustion Capture

6 Global Carbon Capture and Sequestration Market, By Capture Source

• 6.1 Introduction
• 6.2 Chemicals
• 6.3 Fertilizers Production
• 6.4 Natural Gas Processing
• 6.5 Power Generation
• 6.6 Other Capture Sources

7 Global Carbon Capture and Sequestration Market, By Application

• 7.1 Introduction
• 7.2 Agricultural
• 7.3 Industrial
• 7.4 Other Applications

8 Global Carbon Capture and Sequestration Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 ADNOC Group
• 10.2 Aker Solutions
• 10.3 BASF SE
• 10.4 Carbon Engineering Ltd
• 10.5 China National Petroleum Corporation
• 10.6 Dakota Gasification Company
• 10.7 Exxon Mobil Corporation
• 10.8 Fluor Corporation
• 10.9 Linde Plc
• 10.10 NRG Energy