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Pune, India, May 11, 2022 (GLOBE NEWSWIRE) — The global carbon capture and sequestration market size is projected to grow USD 7.00 billion in 2028, exhibiting a CAGR of 19.5% during the forecast period. The market will gain traction from the increasing partnerships between industry giants to commercialize the CCS technology by completing large scale production facilities. This information is given by Fortune Business Insights™ in a report, titled, “Carbon Capture and Sequestration Market, 2021-2028.” The report further states that the CCS market size was USD 1.96 billion in 2020.
Key Players Focus on Collaboration Strategy to Gain a Competitive Edge
The market for CCS consists of a large number of prominent companies that are presently trying to engage in partnerships and collaborations with other local companies for gaining a competitive edge.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/carbon-capture-and-sequestration-market-100819
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2021 to 2028 CAGR | 19.5% |
| 2028 Value Projection | USD 7.00 billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 1.96 billion |
| Historical Data for | 2017-2019 |
| No. of Pages | 180 |
| Segments covered | By End-Use (Enhanced Oil Recovery {EOR} and Dedicated Storage & Treatment), By Capture Source (Chemicals, Natural Gas Processing, Power Generation, Fertilizers Production, and Others) |
| Growth Drivers | Increasing Government Action Plans to Curb Emissions of Greenhouse Gases to Aid Growth |
| Natural Gas Processing Segment to Grow Steadily Backed by Rising Demand for Energy |
Driving Factor-
Increasing Government Action Plans to Curb Emissions of Greenhouse Gases to Aid Growth
The governments of various countries are introducing stringent action plans to eliminate the problem of carbon emissions and to normalize climate change for a longer period of time. The major driver for the carbon capture and sequestration market…
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