Market Analysis Report Carbon Capture and Sequestration Market

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Carbon Capture and Sequestration Market Share, Size,Growth,
Key Players, Outlook and Forecasts to 2024 | Hexa Research
“ The worldwide carbon capture & sequestration Market is projected to grow
at a CAGR of 25% from 2016 to 2024.”
19 Feburary 2019
The worldwide carbon capture & sequestration Market is projected to grow at a CAGR of 25% from 2016 to
2024 reaching nearly USD 19 billion by 2024. This industry could witness significant growth over the next few
years owing to high investments in emission reduction technologies. Moreover, in-depth research and
exploration activities may also propel demand.
Factors attracting investment are popularity of clean power technologies and implementation of discharge
compliance norms. Regulations from the U.S. transportation department & the EPA for medium and heavy -
duty vehicles can improve the demand for carbon capture technology. Since this market is in the nascent
stage, there is no clarity on the price of stocked up carbon. This may hamper demand in the forthcoming
years.
The global Carbon Capture & Sequestration Market is divided into applications, technologies, and regions.
Based on applications, the industry is segmented into industrial, agriculture, and Enhanced Oil Recovery
(EOR). The EOR segment witnessed the highest demand and contributed to more than 50% of the overall
revenues in 2015. Volatile prices of crude oil may propel market penetration in EOR applications in the
forthcoming years.
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