The Smart Carbon Global Market Report 2023, provides comprehensive information on the smart carbon market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global smart carbon market size is expected to grow from $3.05 billion in 2022 to $3.56 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global smart carbon market size is expected to reach $6.19 billion in 2027 at a CAGR of 14.9%.
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Technological advancement is the key trend gaining popularity in the smart carbon market. Major companies operating in the smart carbon market are focusing on developing new technologies to capture carbon from the atmosphere and from fossil fuel emissions. For instance, in June 2022, Ecospray, an Italy-based technology-as-a-service company, launched three innovative carbon capture technologies that include the reduction of CO2 emissions through the use of amines, calcium hydroxide, or molten carbonate fuel cells. These are implemented in different contexts for the maritime industry. Factors such as the size and type of ship, the route it sails, and the space available on board have a major effect on the scope of the application.
The smart carbon market is segmented:
1) By Type: Chemical Looping Combustion (CLC), Solvents and Sorbents, Bio-Energy CCS (BECCS), Direct Air Capture (DAC)
2) By Source: Oil and Gas, Power Generation, Chemicals and Petrochemicals, Cement, Iron and Steel, Other Sources
3) By Application: Urea Manufacturing, Synthetic Fuel, Chemical Production, Building Aggregates, Dry Ice, Other Applications
North America was the largest region in the smart carbon market in 2022.
The table of contents in TBRC’s smart carbon market report includes:
- Executive Summary
- Smart Carbon Market Characteristics
- Smart Carbon Market Trends And Strategies
- Smart Carbon Market – Macro Economic Scenario
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- Africa Smart Carbon Market
- Smart Carbon Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Smart Carbon Market
- Smart Carbon Market Future Outlook and Potential Analysis
- Appendix
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