FMI Analysis States Global Carbon Capture and Storage (CCS) Market Revenue to Exceed USD 9 Billion by 2032, Growing at 14% CAGR

The global carbon capture and storage market is expected to achieve approximately USD 4.2 Billion in 2022. As carbon capture and storage technologies gain traction worldwide, the market is projected to witness a compound annual growth rate (CAGR) exceeding 14% from 2022 to 2032. This upward trend is anticipated to elevate the market’s value to approximately USD 9 Billion by 2032. …

Carbon Capture and Storage (CCS) Market Value to Grow by Almost US$ 9.0 Billion During 2022-2032 | FMI

The worldwide carbon capture and storage market is expected to be worth roughly $4.2 billion. With increasing global use of carbon capture and storage technologies, overall demand is expected to grow at a CAGR of over 14% from 2022 to 2032, reaching a valuation of over US$ 9 billion by 2032. Globally, large quantities of fossil fuels …

Carbon Capture and Storage (CCS) Market to expand at a CAGR of 14% by 2032

Globally, large quantities of fossil fuels are consumed for a variety of industrial processes such as those in steel industries, cement industries and in power generation. Combustion of fossil fuels at such a large scale results in emission of carbon dioxide and other greenhouse gases in to the atmosphere. To remain ‘ahead’ of your competitors, …