A major Carbon Capture Market report was released on February 28th. It presents the global industry size, reviews, segments, revenue, and forecast to 2027.
The biggest takeaway from the report: the carbon capture and storage (CCS) market was valued at $3.36 billion in 2019. It is also projected to reach $6.15 billion by 2027, growing at a CAGR of 7.88% from 2020 to 2027.
The thorough report first introduces the fundamentals of the CCS market. These are definitions, classifications, applications, and market overview, product specifications, manufacturing processes, cost structures, raw materials, etc.
Then it offers market segregation by companies, countries, and applications/types for competitive landscape analysis. Some of the main companies highlighted are Royal Dutch Shell plc., Schlumberger Limited, Chevron, Shell, Carbon Engineering, and others.
The report also highlights the latest trends, technology tools, and platforms that are supporting the performance of the industry. It features the key factors responsible for the growth of the market along with several important points to watch out for, that could hamper it during the forecast period.
An analysis of upstream raw materials, downstream demand and the current market dynamics is also carried out. In addition, various factors that promote or hinder the growth of the CCS market are mentioned. The five analyzes by SWOT and Porter are also effectively discussed to analyze critical data.
This 2021 edition of the carbon capture market report provides a critical assessment of key growth dynamics, emerging pathways and investment trends in key regional markets. It can be a valuable guide for companies and individuals interested in the carbon capture industry and you can find the full report here.