CARBON DIOXIDE UTILIZATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global carbon dioxide utilization market is estimated to be valued at USD 5.18 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031. 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