Product Code: CMI7010
Global carbon dioxide utilization market is estimated to be valued at USD 5.18 Bn in 2024 and is expected to reach USD 12.5 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
Figure 1. Carbon Dioxide Utilization Market Share (%), By Region, 2024
Carbon dioxide utilization refers to technologies that can capture and utilize CO2 from industrial and energy-related sources, aiming to reduce atmospheric CO2 levels and produce useful products. With rising concerns about climate change mitigation, carbon dioxide utilization presents an opportunity to reduce emissions at source in a sustainable manner. Several new and emerging CO2 utilization pathways have emerged in recent times involving conversion of CO2 into fuels, industrial feedstocks and construction materials among others. The widespread adoption of such technologies could complement current reduction efforts and lower carbon footprint of key industries.
Market Dynamics:
Growing focus on reducing greenhouse gas emissions and developing a circular carbon economy can boost adoption of carbon dioxide utilization technologies. Stringent regulations mandating emission cuts coupled with carbon pricing mechanisms have compelled industries to explore innovative ways to curb emissions. Availability of captured CO2 from industrial sources at lower costs can drive the market growth. The high capital investments and technology risks associated with first-of-its-kind carbon utilization plants act hamper the market growth. Uncertain demand and pricing mechanisms for end-use carbon utilization products also restrain commercialization. Furthermore, emergence of novel concepts such as carbon capture and reuse from power production using carbon conversion technologies can provide lucrative opportunities for the market growth. Potential co-benefits in the form of economic value addition and resource recovery from waste CO2 gas can provide lucrative opportunities for the market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global carbon dioxide utilization market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global carbon dioxide utilization market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Fluor Corporation, Schlumberger Limited, Aker Solutions, Honeywell International Inc., Equinor ASA, TotalEnergies SE, Hitachi, Ltd, ExxonMobil Corporation, Linde plc, Royal Dutch Shell Plc, Mitsubishi Heavy Industries, Ltd, JGC Holdings Corporation, General Electric, Halliburton, SABIC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global carbon dioxide utilization market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon dioxide utilization market
Detailed Segmentation-
- By Application:
- Enhanced Oil Recovery
- Chemicals Synthesis
- Fuel Synthesis
- Others
- By Technology:
- Pre-Combustion Capture
- Oxy-Fuel Combustion Capture
- Post-Combustion Capture
- By End User:
- Oil & Gas
- Power Generation
- Iron & Steel
- Chemical & Petrochemical
- Others
- By Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Fluor Corporation
- Schlumberger Limited
- Aker Solutions
- Honeywell International Inc.
- Equinor ASA
- TotalEnergies SE
- Hitachi, Ltd
- ExxonMobil Corporation
- Linde plc
- Royal Dutch Shell Plc
- Mitsubishi Heavy Industries, Ltd
- JGC Holdings Corporation
- General Electric
- Halliburton
- SABIC
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Technology Trend
4. Global Carbon Dioxide Utilization Market- Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Carbon Dioxide Utilization Market
- Impact Analysis
5. Global Carbon Dioxide Utilization Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, -2020-2031
- Segment Trends
- Enhanced Oil Recovery
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Chemicals Synthesis
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Fuel Synthesis
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
6. Global Carbon Dioxide Utilization Market, By Technology, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Pre-Combustion Capture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Oxy-Fuel Combustion Capture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Post-Combustion Capture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
7. Global Carbon Dioxide Utilization Market, By End User, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Oil & Gas
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Power Generation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Iron & Steel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Chemical & Petrochemical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
8. Global Carbon Dioxide Utilization Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Fluor Corporation
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Schlumberger Limited
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Aker Solutions
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Honeywell International Inc.
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Equinor ASA
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- TotalEnergies SE
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Hitachi, Ltd
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- ExxonMobil Corporation
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Linde plc
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Royal Dutch Shell Plc
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Mitsubishi Heavy Industries, Ltd
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- JGC Holdings Corporation
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- General Electric
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- Halliburton
- Company Overview
- Application Portfolio
- Recent Developments/Updates
- SABIC
- Company Overview
- Application Portfolio
- Recent Developments/Updates
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact
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