Report cover image

Growth Opportunities in Carbon Capturing Across Industrial Applications

Publisher Frost & Sullivan
Published Nov 16, 2023
SKU # MC18332617

Description

Growth Opportunities in Carbon Capturing Across Industrial Applications



Carbon capture utilization and storage is gaining industry traction as a highly effective decarbonizing strategy. Global efforts to combat climate change, government incentives and industrial emission regulations, eco-conscious consumers, and green technology advancements are among the factors driving the need for CCUS solutions.

CCUS implementation can only succeed when forces, including technology maturity, regulatory support, and industrial collaborations, align to create cross-sectoral benefits. This research study identifies the three pillars of CCUS: Government, Technology, and Environment. Many countries enact initiatives and allocate funding to meet net zero commitments. The report identifies notable incentives and project rollouts by leading economies. It also highlights the main technologies catering to the needs of the CCUS process and enhancing overall process efficiency. As the rising carbon footprint is among the primary drivers of CCUS deployment, industries increasingly recognize CCUS as the tool for decarbonization to achieve zero emission goals in the short term.

Despite its potential, CCUS has potential risks and challenges linked to its implementation owing to the lack of technology maturity. Implementing the CCUS value chain also requires significant investment, leading to low adoption levels among small and medium businesses. Uncertainty around CO2 storage can lead to post-closure leakage that deters potential investors and developers.

This necessitates innovative CCUS business models, industry-government collaboration, and targeted investment strategies to mitigate these issues, contributing toward developing cost-effective technologies that will scale up the trend adoption levels in the long term.

Table of Contents

    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • Our Mega Trend Universe: Overview
    • Growth Opportunities Fuel the Growth Pipeline Engine
    • The Mega Trend Universe: Carbon Capturing Across Industries
    • Key Findings
    • Growth Opportunities Essential to Future Success
    • Trend Opportunity Overview: Carbon Capturing Across Industries
    • Trend Opportunity Overview: Future of CCUS
    • New Government Initiatives and Regulations Driving Carbon Capturing Across Industries
    • Adoption of Modern Technologies Enabling CCUS
    • Adoption of Modern Technology: Representative Case Studies
    • Environmental Factors Driving Carbon Capturing Across Industries
    • Companies in Action: LafargeHolcim, Cement Manufacturer
    • Trend Opportunity Levers: Drivers of Change Until 2031
    • Trend Attractiveness Analysis
    • Trend Opportunity Impact and Certainty Analysis
    • Trend Opportunity Disruption Index
    • Trend Disruption Attractiveness Score
    • Trend Opportunity Growth Index
    • Growth Attractiveness Score
    • Trends BEETS Implications
    • Growth Opportunity 1: Carbon Credit Marketplaces
    • Growth Opportunity 2: Carbon Farming
    • Growth Opportunity 3: CCS-as-a-Service
    • Essential Success Factors forGrowth
    • Conclusion
    • Our Mega Trend Universe
    • Identifying Your Company's Growth Zone
    • Your Next Steps
    • Why Frost, Why Now?
    • About The Growth Pipeline Model
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.