Global Carbon Dioxide Utilization Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030

Report
210 Pages
August 2023
Region: Global
Fairfield Market Research
ID: 5877279

Global Carbon Dioxide Utilization Market to Surge at a 14.3% CAGR, Reaching US$9.9 Billion by 2030.

Market Analysis in Brief

The global industrialization drive has led to increased carbon dioxide emissions, compelling governments worldwide to establish multiple carbon dioxide capture and storage facilities. This move aims to reduce their contribution to the global carbon footprint, consequently driving growth in the carbon dioxide utilization market during the forecast period. Carbon capture, utilization, and storage (CCUS) involve capturing carbon dioxide from industrial processes or fuel combustion, transporting it, and either using it to create valuable goods and services or storing it underground. These technologies also lay the foundation for carbon removal or negative emissions, especially when dealing with bio-based processes or atmospheric carbon dioxide.

Key Report Findings

Substantial Revenue Growth: The carbon dioxide utilization market is poised for significant revenue expansion between 2023 and 2030.
Preference for Post-Combustion Capture: Post-combustion capture remains in high demand in the carbon dioxide utilization market.
Oil & Gas Power Generation Leads: The oil & gas power generation sector held the highest revenue share in the carbon dioxide utilization market in 2022.
North America's Leadership: North America is expected to maintain its lead, while the Asia Pacific market will experience the most robust growth through 2030.

Growth Drivers

Increased Demand for Natural Gas and Environmental Awareness: The rising demand for natural gas, which emits fewer greenhouse gases, is boosting the adoption of carbon capture, utilization, and storage technologies. Stringent environmental regulations and government initiatives further drive this trend.
Contribution to Global Climate Targets: Carbon dioxide utilization plays a crucial role in helping countries meet ambitious climate targets. Investments in clean technology are anticipated in regions like North America and Europe, promoting the use of carbon dioxide in various industries.

Market Opportunity

Growing Adoption for Enhanced Oil Recovery: Utilizing carbon dioxide for enhanced oil recovery techniques presents significant opportunities in the oil and gas industry. The demand for carbon dioxide to support these activities is increasing, creating substantial market opportunities.

Overview of Key Segments

Chemical Conversion and Direct Air Capture Technology Dominate: Chemical conversion and direct air capture technologies are expected to dominate the carbon dioxide utilization market. They enable the production of chemicals, synthetic fuels, and other valuable products from captured carbon dioxide.
Chemicals and Fuels Lead the Segments: Chemicals and fuels are set to dominate the market due to the growing demand for carbon-derived chemicals and petrochemicals. Carbon dioxide utilization reduces emissions and decreases dependence on fossil fuels.

Growth Opportunities Across Regions

North America Maintains Leadership: North America's dominance continues due to the need for clean technology. The region's focus on enhanced oil recovery and government incentives for carbon capture contribute to its market leadership.
Promising Growth in Asia Pacific: The Asia Pacific region is expected to experience significant growth, driven by industrial development in countries like China. Government support and the development of shale gas technology further fuel market growth.

Key Players

Prominent players in the carbon dioxide utilization market include Carbon Recycling International, Royal Dutch Shell Plc, LanzaTech Inc., TotalEnergies SE, Hitachi, Ltd., Climeworks AG, ExxonMobil Corporation, Linde plc, Schlumberger Limited, Aker Solutions, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd, JGC Holdings Corporation, General Electric, and CarbonCure Technologies.

1. Executive Summary

1.1. Global Carbon dioxide utilization Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics (If Applicable)

3.1. Global Carbon dioxide utilization Production, 2018 - 2022

4. Price Trends Analysis and Future Projects, 2018 - 2030 (If Applicable)

4.1. Global Average Price Analysis, by Technology, US$ per Kg
4.2. Prominent Factors Affecting Carbon dioxide utilization Prices
4.3. Global Average Price Analysis, by Region, US$ per Kg

5. Global Carbon dioxide utilization Market Outlook, 2018 - 2030

5.1. Global Carbon Dioxide Utilization Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Chemical Conversion
5.1.1.2. Biological Conversion
5.1.1.3. Direct Air Capture
5.1.1.4. Carbon mineralization
5.2. Global Carbon Dioxide Utilization Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Construction Materials
5.2.1.2. Chemicals
5.2.1.3. Polymers
5.2.1.4. Fuels
5.2.1.5. Agriculture & Food
5.2.1.6. Misc.
5.3. Global Carbon Dioxide Utilization Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa

6. North America Carbon Dioxide Utilization Market Outlook, 2018 - 2030

6.1. North America Carbon Dioxide Utilization Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Chemical Conversion
6.1.1.2. Biological Conversion
6.1.1.3. Direct Air Capture
6.1.1.4. Carbon mineralization
6.2. North America Carbon Dioxide Utilization Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Construction Materials
6.2.1.2. Chemicals
6.2.1.3. Polymers
6.2.1.4. Fuels
6.2.1.5. Agriculture & Food
6.2.1.6. Misc.
6.2.2. Market Attractiveness Analysis
6.3. North America Carbon Dioxide Utilization Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S. Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1.2. U.S. Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1.3. Canada Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.1.4. Canada Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Carbon Dioxide Utilization Market Outlook, 2018 - 2030

7.1. Europe Carbon Dioxide Utilization Market Outlook, by Service, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.2. Europe Carbon Dioxide Utilization Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Chemical Conversion
7.2.1.2. Biological Conversion
7.2.1.3. Direct Air Capture
7.2.1.4. Carbon mineralization
7.3. Europe Carbon Dioxide Utilization Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Construction Materials
7.3.1.2. Chemicals
7.3.1.3. Polymers
7.3.1.4. Fuels
7.3.1.5. Agriculture & Food
7.3.1.6. Misc.
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Europe Carbon Dioxide Utilization Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Germany Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.2. Germany Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.3. U.K. Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.4. U.K. Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.5. France Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.6. France Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.7. Italy Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.8. Italy Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.9. Turkey Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.10. Turkey Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.11. Russia Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.12. Russia Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.13. Rest of Europe Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.1.14. Rest of Europe Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Carbon Dioxide Utilization Market Outlook, 2018 - 2030

8.1. Asia Pacific Carbon Dioxide Utilization Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Chemical Conversion
8.1.1.2. Biological Conversion
8.1.1.3. Direct Air Capture
8.1.1.4. Carbon mineralization
8.2. Asia Pacific Carbon Dioxide Utilization Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Construction Materials
8.2.1.2. Chemicals
8.2.1.3. Polymers
8.2.1.4. Fuels
8.2.1.5. Agriculture & Food
8.2.1.6. Misc.
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Carbon Dioxide Utilization Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China Carbon Dioxide Utilization Market Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.2. China Carbon Dioxide Utilization Market Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.3. Japan Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.4. Japan Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.5. South Korea Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.6. South Korea Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.7. India Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.8. India Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.9. Southeast Asia Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.10. Southeast Asia Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.11. Rest of Asia Pacific Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.1.12. Rest of Asia Pacific Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Carbon Dioxide Utilization Market Outlook, 2018 - 2030

9.1. Latin America Carbon Dioxide Utilization Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Chemical Conversion
9.1.1.2. Biological Conversion
9.1.1.3. Direct Air Capture
9.1.1.4. Carbon mineralization
9.2. Latin America Carbon Dioxide Utilization Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Construction Materials
9.2.1.2. Chemicals
9.2.1.3. Polymers
9.2.1.4. Fuels
9.2.1.5. Agriculture & Food
9.2.1.6. Misc.
9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Carbon Dioxide Utilization Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.2. Brazil Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.3. Mexico Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.4. Mexico Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.5. Rest of Latin America Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.1.6. Rest of Latin America Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Carbon Dioxide Utilization Market Outlook, 2018 - 2030

10.1. Middle East & Africa Carbon Dioxide Utilization Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Chemical Conversion
10.1.1.2. Biological Conversion
10.1.1.3. Direct Air Capture
10.1.1.4. Carbon mineralization
10.2. Middle East & Africa Carbon Dioxide Utilization Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Construction Materials
10.2.1.2. Chemicals
10.2.1.3. Polymers
10.2.1.4. Fuels
10.2.1.5. Agriculture & Food
10.2.1.6. Misc.
10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Carbon Dioxide Utilization Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.2. GCC Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.3. South Africa Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.4. South Africa Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.5. Rest of Middle East & Africa Carbon Dioxide Utilization Market by Technology, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.1.6. Rest of Middle East & Africa Carbon Dioxide Utilization Market End-user, Volume (Kilo Tons) and Value (US$ Bn), 2018 - 2030
10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2022
11.4. Competitive Dashboard
11.5. Company Profiles
11.5.1. Honeywell International Inc.
11.5.1.1. Company Overview
11.5.1.2. Product Portfolio
11.5.1.3. Financial Overview
11.5.1.4. Business Strategies and Development
11.5.2. LanzaTech Inc.
11.5.2.1. Company Overview
11.5.2.2. Product Portfolio
11.5.2.3. Financial Overview
11.5.2.4. Business Strategies and Development
11.5.3. TotalEnergies SE
11.5.3.1. Company Overview
11.5.3.2. Product Portfolio
11.5.3.3. Financial Overview
11.5.3.4. Business Strategies and Development
11.5.4. Hitachi Ltd.
11.5.4.1. Company Overview
11.5.4.2. Product Portfolio
11.5.4.3. Financial Overview
11.5.4.4. Business Strategies and Development
11.5.5. ExxonMobil Corporation
11.5.5.1. Company Overview
11.5.5.2. Product Portfolio
11.5.5.3. Financial Overview
11.5.5.4. Business Strategies and Development
11.5.6. Linde Plc
11.5.6.1. Company Overview
11.5.6.2. Product Portfolio
11.5.6.3. Financial Overview
11.5.6.4. Business Strategies and Development
11.5.7. Climeworks AG
11.5.7.1. Company Overview
11.5.7.2. Product Portfolio
11.5.7.3. Financial Overview
11.5.7.4. Business Strategies and Development
11.5.8. Carbon Recycling International
11.5.8.1. Company Overview
11.5.8.2. Product Portfolio
11.5.8.3. Financial Overview
11.5.8.4. Business Strategies and Development
11.5.9. Carbon Engineering
11.5.9.1. Company Overview
11.5.9.2. Product Portfolio
11.5.9.3. Financial Overview
11.5.9.4. Business Strategies and Development
11.5.10. Royal Dutch Shell Plc
11.5.10.1. Company Overview
11.5.10.2. Product Portfolio
11.5.10.3. Financial Overview
11.5.10.4. Business Strategies and Development
11.5.11. Mitsubishi Heavy Industries, Ltd.
11.5.11.1. Company Overview
11.5.11.2. Product Portfolio
11.5.11.3. Financial Overview
11.5.11.4. Business Strategies and Development
11.5.12. JGC Holdings Corporation
11.5.12.1. Company Overview
11.5.12.2. Product Portfolio
11.5.12.3. Financial Overview
11.5.12.4. Business Strategies and Development
11.5.13. General Electric
11.5.13.1. Company Overview
11.5.13.2. Product Portfolio
11.5.13.3. Financial Overview
11.5.13.4. Business Strategies and Development
11.5.14. CarbonCure Technologies
11.5.14.1. Company Overview
11.5.14.2. Product Portfolio
11.5.14.3. Financial Overview
11.5.14.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Honeywell International Inc
LanzaTech Inc.
TotalEnergies SE
Hitachi, Ltd.
ExxonMobil Corporation
Linde plc
Climeworks AG
Carbon Recycling International
Carbon Engineering
Royal Dutch Shell Plc
Mitsubishi Heavy Industries, Lt

Methodology

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Market Analysis in Brief

Key Report Findings

Growth Drivers

Market Opportunity

Overview of Key Segments

Growth Opportunities Across Regions

Key Players

Table of Contents

Companies Mentioned (Partial List)

Methodology

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