탄소 포집·이용·저장 시장 규모는 2023년에 30억 달러로, 예측 기간(2025-2032년)의 CAGR은 12.5%로, 2024년 33억 8,000만 달러에서 2032년에는 86억 6,000만 달러로 성장할 전망입니다.
세계 탄소 포집, 이용 및 저장(CCUS) 시장은 정부 구상과 CO2 배출량 감축을 위한 전 세계적인 노력에 힘입어 큰 폭의 성장을 보이고 있습니다. 이러한 시장 성장의 주요 요인은 CO2-EOR(CO2-Energy Enhanced Recovery) 기술의 채택이 증가하고 있기 때문입니다. 이 방법은 회수한 CO2를 유전층에 주입하여 원유 추출을 촉진하고 효율을 높여 유전의 수명을 연장하는 방식입니다. 기술의 발전은 특히 해상 석유 및 가스 탐사에서 가스 주입 EOR 전략의 적용을 더욱 용이하게 하고, CO2 활용의 다용도성을 강조하고 있으며, EOR에 국한되지 않고 CCUS 기술은 산업 공정에서 배출되는 CO2를 회수하여 새로운 제품의 합성 및 발전으로 재사용할 수 있도록 합니다. 이 접근 방식은 온실 가스 배출을 완화할 뿐만 아니라 폐기물을 유용한 상품으로 전환하여 경제적 가치를 높입니다. 이러한 잠재력에도 불구하고 CCUS의 보급에는 몇 가지 문제가 있습니다. 높은 운영 비용, 기술적 복잡성, 규제 프레임워크의 필요성 등이 큰 걸림돌로 작용하고 있습니다. 또한 종합적인 탄소 가격 책정 전략과 같이 이 기술에 대한 투자를 촉진하는 데 필수적인 견고한 금융 메커니즘이 존재하지 않기 때문에 CCUS 프로젝트의 경제성은 제한적일 수밖에 없습니다. 또한 탄소 분리 및 회수 기술의 도입에 오랜 시간이 걸리고, 현재로서는 높은 비용으로 인해 당분간 보급에 걸림돌이 될 수 있습니다. 기후 변화에 대응하고 저탄소 경제를 촉진하는 CCUS의 잠재력을 완전히 실현하기 위해서는 이러한 과제에 대한 지속적인 연구, 정책적 지원 및 재정적 인센티브가 필요합니다. 요약: CCUS 시장은 환경 문제 대응과 기술 혁신을 통해 크게 성장할 태세를 갖추고 있지만, 지속가능한 발전과 세계 탄소 관리 전략에 통합되기 위해서는 경제적, 규제적 과제를 해결하는 것이 매우 중요합니다.
Carbon Capture, Utilization and Storage Market size was valued at USD 3.0 Billion in 2023 and is poised to grow from USD 3.38 Billion in 2024 to USD 8.66 Billion by 2032, growing at a CAGR of 12.5% during the forecast period (2025-2032).
The global Carbon Capture, Utilization, and Storage (CCUS) market is experiencing significant growth, propelled by governmental initiatives and a collective global effort to reduce CO2 emissions. A key driver of this expansion is the increasing adoption of CO2-Enhanced Oil Recovery (CO2-EOR) techniques. These methods involve injecting captured CO2 into oil reservoirs to enhance crude oil extraction, thereby improving efficiency and extending the lifespan of oil fields. Technological advancements have further facilitated the application of gas injection EOR strategies, particularly in offshore oil and gas exploration, underscoring the versatility of CO2 utilization. Beyond EOR, CCUS technologies enable the capture of CO2 emissions from industrial processes, which can then be repurposed for synthesizing new products or generating electric power. This approach not only mitigates greenhouse gas emissions but also adds economic value by transforming waste into useful commodities. Despite its potential, the widespread implementation of CCUS faces several challenges. High operational costs, technical complexities, and the need for supportive regulatory frameworks are significant hurdles. Additionally, the economic viability of CCUS projects is often constrained by the absence of robust financial mechanisms, such as comprehensive carbon pricing strategies, which are essential to incentivize investment in this technology. Furthermore, the lengthy deployment timelines and the current high costs associated with carbon capture technologies hinder their widespread adoption in the near term. These challenges necessitate continued research, policy support, and financial incentives to fully realize the potential of CCUS in combating climate change and promoting a low-carbon economy. In summary, while the CCUS market is poised for substantial growth driven by environmental imperatives and technological innovations, addressing the economic and regulatory challenges is crucial for its sustainable development and integration into global carbon management strategies.
Top-down and bottom-up approaches were used to estimate and validate the size of the Carbon Capture, Utilization and Storage market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Carbon Capture, Utilization and Storage Market Segments Analysis
Global Carbon Capture, Utilization and Storage Market is segmented by Technology, Service, Type, End-User and region. Based on Technology, the market is segmented into Pre-Combustion, Post-Combustion and Oxyfuel. Based on Service, the market is segmented into Capture, Transportation, Utilization and Storage. Based on Type, the market is segmented into Chemical Looping, Solvents & Sorbents, Bio-Energy CCS and Direct Air Capture. Based on End-User, the market is segmented into Oil & Gas, Power Generation, Chemicals & Petrochemicals, Cement, Iron & Steel and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Carbon Capture, Utilization and Storage Market
Carbon Capture, Utilization, and Storage (CCUS) technologies play a pivotal role in reducing greenhouse gas emissions from industrial sources by capturing carbon dioxide (CO2) before it enters the atmosphere. This captured CO2 can then be stored underground or repurposed for various industrial applications. The growing global awareness of climate change has led governments worldwide to implement policies and incentives to promote CCUS adoption. For instance, the United States offers tax credits under Section 45Q to encourage investment in CCUS projects, providing a fixed payment per ton of CO2 captured and sequestered. Similarly, Canada's proposed Investment Tax Credit aims to support CCUS technologies as part of its strategy to achieve net-zero emissions by 2050. These initiatives are designed to assist industries in reducing their carbon footprints and meeting net-zero emission targets.
Restraints in the Carbon Capture, Utilization and Storage Market
Concerns about the long-term safety of carbon dioxide (CO2) storage and its environmental impact are significant factors hindering the widespread adoption of Carbon Capture, Utilization, and Storage (CCUS) technologies. Potential risks include CO2 leakage from storage sites, which could adversely affect ecosystems and human health. Additionally, a substantial portion of the public remains unaware of CCUS technologies, leading to opposition in certain regions. This lack of awareness and understanding poses challenges for advocates promoting the implementation and expansion of CCUS initiatives.
Market Trends of the Carbon Capture, Utilization and Storage Market
Investments in Carbon Capture and Storage (CCS) projects are gaining momentum across both public and private sectors, driven by the technology's potential for long-term environmental benefits. Governments worldwide are allocating substantial funds to support research, development, and the construction of large-scale CCS facilities. For instance, the U.S. Department of Energy announced over $444 million to support sixteen CCS projects across twelve states, aiming to bolster the nation's carbon management industry. Similarly, the European Union and other regions have made over $20 billion available to CCUS projects, reflecting a global commitment to these technologies. These initiatives underscore a concerted effort to mitigate climate change through the advancement of CCS technologies.