The study involves two major activities in estimating the current size of the carbon Capture, Utilization, and Storage market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.
Secondary Research
In the secondary research process, information has been sourced from annual reports, press releases & investor presentations of companies; white papers; certified publications; trade directories; articles from recognized authors; and databases. Secondary research has been used to obtain critical information about the industry's value chain, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level, and regional markets. These have also been utilized to obtain information about the key developments from a market-oriented perspective. Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the total pool of players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
The stakeholders in the value chain of the carbon capture, utilization, and storage market include raw material suppliers, processors, end-product manufacturers, and end users. Various primary sources from the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Primary sources from the demand side include key opinion leaders from various end-use industries in the carbon capture, utilization, and storage market. Primary sources from the supply side include experts from companies involved in carbon capture, utilization, and storage.
The Breakup of Primary Research
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Market Size Estimation
The research methodology used to estimate the size of the carbon capture, utilization, transportation and storage market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in carbon capture, utilization, transportation and storage in different applications of the carbon capture, utilization, transportation and storage industry at a regional level. Such procurements provide information on the demand aspects of the carbon capture, utilization, transportation and storage industry for each application. For each application, all possible segments of the carbon capture, utilization, transportation and storage market were integrated and mapped.
Carbon capture, utilization, transportation and storage Market Size: Botton Up Approach
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Carbon capture, utilization, transportation and storage Market Size: Top Down Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Carbon capture, utilization, and storage (also referred to as CCUS) is a process that involves capturing carbon dioxide (CO2), transporting it through pipelines, ships, and other modes of transport, and storing it under the Earth's surface to prevent CO2 emissions, leading to a better atmosphere. There are various technology of carbon capture, utilization, transportation and storage products available in the market, including chemical looping, solvents & sorbents, Membranes.
Key Stakeholders
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Senior Management
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End User
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Finance/Procurement Department
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R&D Department
Report Objectives
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To analyze and forecast the global carbon Capture, Utilization, and Storage market size, in terms of volume and value
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To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
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To analyze the market segmentation and forecast the market size based on technology, service type, and end-use industry.
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To analyze and forecast the market size based on five main regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America.
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To analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the total market
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To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
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To analyze competitive developments such as expansions, partnership, agreement, new product/technology launch, joint venture, contract, and merger & acquisition in the market
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To profile key players and comprehensively analyze their market share and core competencies
Available Customizations
MarketsandMarkets offers following customizations for this market report:
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Additional country-level analysis of the carbon capture, utilization, transportation and storage market
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company's market
Growth opportunities and latent adjacency in Carbon Capture, Utilization, and Storage Market