Precision Business Insights has published a report on the global carbon capture, utilization, and storage (CCUS) market, estimating its value at USD 4,850 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/carbon-capture-utilization-and-storage-ccus-market

The Carbon Capture, Utilization, and Storage (CCUS) Market encompasses technology and services that capture CO₂ emissions from industrial processes and power generation. The CO₂ is subsequently reused in commercial applications or stored permanently underground. CCUS is critical in decreasing greenhouse gas emissions, particularly in hard-to-abate industries such as cement, steel, and chemicals.

Drivers:

• Rising carbon prices and stricter emission regulations are pushing industries to adopt CCUS to avoid penalties and maintain competitiveness.
• Innovations in direct air capture, membrane separation, and chemical looping are improving efficiency and reducing costs, making CCUS more scalable.

The global carbon capture, utilization, and storage (CCUS) market segmentation:

1) By Service: Capture, Transportation, Utilization, Storage

2) By Technology: Chemical Looping, Solvents & Sorbents, Membranes, Others

3) By End-User: Oil & Gas, Power Generation, Chemicals & Petrochemicals, Cement, Iron & Steel, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the carbon capture, utilization, and storage (CCUS) market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the carbon capture, utilization, and storage (CCUS) market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Royal Dutch Shell, Fluor Corporation, JGC Holdings, Honeywell International, Exxon Mobil Corporation, Schlumberger Ltd, Linde Plc, Equinor ASA, Aker Solutions, Mitsubishi Heavy Industries

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