This report studies the global Carbon Sequestration market analyzes and researches the Carbon Sequestration development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
Carbon sequestration is a natural or artificial process to remove carbon dioxide from the atmosphere. The removed carbon dioxide is held in solid or liquid form. Subsurface saline aquifers, reservoirs, ocean water, aging oil fields, bio-energy with carbon capture and storage, and biochar is used in artificial carbon sequestration.
Increasing carbon emission is expected to propel growth of the global carbon sequestration market over the forecast period. For instance, according to the Global Carbon Project, emissions from fossil fuel and industry are expected to reach 36.81bn tones of CO2 (GtCO2) in 2019, recording an increase of 0.6% from 2018 levels. Moreover, increasing consumption of energy is also expected to aid in growth of the market. For instance, according to Energy Statistical Yearbook 2019, total energy consumption in the U.S. reached 2.3 Gtoe in 2018, registering an increase of 3.5% from 2017.
Initiatives to reduce greenhouse gas emissions is expected to offer lucrative growth opportunities for players in the global carbon sequestration market. For instance, in December 2019, Schlumberger announced its commitment to setting a science-based target to reduce its greenhouse gas emissions and in line with the defined criteria, Schlumberger will define its reduction target by 2021.
The market in North America is driven by increasing carbon emissions. For instance, according to Energy Statistical Yearbook 2019, in 2018, carbon dioxide emissions in the U.S. increased by 3.1% compared to that in 2017.
Major players in the market are focused on adopting partnership and collaboration strategies to expand their product portfolio. For instance, in January 2020, Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, collaborated with Total for a joint study to assess the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement Plant in Florence, Colorado, U.S.
Key Takeaways
- Increasing carbon emission to propel growth of the global carbon sequestration market over the forecast period
- Major players in the market are also focused on investing in reducing carbon emission. For instance, in April 2019, Shell announced a program to invest US$ 300 million in natural ecosystems as part of its strategy to act on global climate change, including addressing carbon dioxide emissions.
- Major players operating in the global carbon sequestration market include, Occidental Petroleum Corporation, Dakota Gasification Company, Shell, Schlumberger, Exxon Mobil, Petronas, Mitsubishi Heavy Industries, Japan CCS Co., Ltd, Shell Cansolv, Fluor Corporation, Siemens, Schlumberger Limited, Halliburton, NRG Energy, Aker Solutions, Dakota Gasification Company, Chevron, Linde, Total, ADNOC Group, Equinor, BP, Carbon Engineering Ltd., and China National Petroleum Corporation.
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Carbon Sequestration can be split into
Natural Disaster
Man-made Disasters
Market segment by Application, Carbon Sequestration can be split into
Society
Personal
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Table of Contents
Global Carbon Sequestration Market Size, Status and Forecast 2024
1 Industry Overview of Carbon Sequestration
1.1 Carbon Sequestration Market Overview
1.1.1 Carbon Sequestration Product Scope
1.1.2 Market Status and Outlook
1.2 Global Carbon Sequestration Market Size and Analysis by Regions
1.2.1 United States
1.2.2 EU
1.2.3 Japan
1.2.4 China
1.2.5 India
1.2.6 Southeast Asia
1.3 Carbon Sequestration Market by Type
1.3.1 Natural Disaster
1.3.2 Man-made Disasters
1.4 Carbon Sequestration Market by End Users/Application
1.4.1 Society
1.4.2 Personal
2 Global Carbon Sequestration Competition Analysis by Players
2.1 Carbon Sequestration Market Size (Value) by Players (2016 and 2019)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1 AIG
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.1.5 Recent Developments
3.2 Allianz
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.2.5 Recent Developments
3.3 AXA
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.3.5 Recent Developments
3.4 Berkshire Hathaway
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.4.5 Recent Developments
3.5 Lloyds
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.5.5 Recent Developments
3.6 Allstate
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.6.5 Recent Developments
3.7 Aviva
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.7.5 Recent Developments
3.8 Liberty Mutual
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.8.5 Recent Developments
3.9 Zurich Insurance Group
3.9.1 Company Profile
3.9.2 Main Business/Business Overview
3.9.3 Products, Services and Solutions
3.9.4 Carbon Sequestration Revenue (Value) (2014-2019)
3.9.5 Recent Developments
4 Global Carbon Sequestration Market Size by Type and Application (2014-2019)
4.1 Global Carbon Sequestration Market Size by Type (2014-2019)
4.2 Global Carbon Sequestration Market Size by Application (2014-2019)
4.3 Potential Application of Carbon Sequestration in Future
4.4 Top Consumer/End Users of Carbon Sequestration
5 United States Carbon Sequestration Development Status and Outlook
5.1 United States Carbon Sequestration Market Size (2014-2019)
5.2 United States Carbon Sequestration Market Size and Market Share by Players (2016 and 2019)
6 EU Carbon Sequestration Development Status and Outlook
6.1 EU Carbon Sequestration Market Size (2014-2019)
6.2 EU Carbon Sequestration Market Size and Market Share by Players (2016 and 2019)
7 Japan Carbon Sequestration Development Status and Outlook
7.1 Japan Carbon Sequestration Market Size (2014-2019)
7.2 Japan Carbon Sequestration Market Size and Market Share by Players (2016 and 2019)
8 China Carbon Sequestration Development Status and Outlook
8.1 China Carbon Sequestration Market Size (2014-2019)
8.2 China Carbon Sequestration Market Size and Market Share by Players (2016 and 2019)
9 India Carbon Sequestration Development Status and Outlook
9.1 India Carbon Sequestration Market Size (2014-2019)
9.2 India Carbon Sequestration Market Size and Market Share by Players (2016 and 2019)
10 Southeast Asia Carbon Sequestration Development Status and Outlook
10.1 Southeast Asia Carbon Sequestration Market Size (2014-2019)
10.2 Southeast Asia Carbon Sequestration Market Size and Market Share by Players (2016 and 2019)
11 Market Forecast by Regions, Type and Application (2019-2024)
11.1 Global Carbon Sequestration Market Size (Value) by Regions (2019-2024)
11.1.1 United States Carbon Sequestration Revenue and Growth Rate (2019-2024)
11.1.2 EU Carbon Sequestration Revenue and Growth Rate (2019-2024)
11.1.3 Japan Carbon Sequestration Revenue and Growth Rate (2019-2024)
11.1.4 China Carbon Sequestration Revenue and Growth Rate (2019-2024)
11.1.5 India Carbon Sequestration Revenue and Growth Rate (2019-2024)
11.1.6 Southeast Asia Carbon Sequestration Revenue and Growth Rate (2019-2024)
11.2 Global Carbon Sequestration Market Size (Value) by Type (2019-2024)
11.3 Global Carbon Sequestration Market Size by Application (2019-2024)
12 Carbon Sequestration Market Dynamics
12.1 Carbon Sequestration Market Opportunities
12.2 Carbon Sequestration Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Carbon Sequestration Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Carbon Sequestration Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
14 Research Finding/Conclusion
15 Appendix
Methodology
Analyst Introduction
Data Source
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