Europe Carbon Capture Utilization Market Size, Share & Trends Analysis Report By Application (Enhanced Oil Recovery, Industrial, Agriculture), By Country, Competitive Analysis, And Segment Forecasts, 2025 - 2030
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Europe Carbon Capture Utilization Market Growth & Trends
The Europe carbon capture utilization market size is expected t%li%reach USD 5,130.00 million by 2030, registering a CAGR of 16.6% from 2025 t%li%2030, according t%li%a new report by Grand View Research, Inc. Increasing applications of CCU in the enhanced oil recovery (EOR) in the oil and gas segment are expected t%li%contribute t%li%the growth of the market. Further, the food and beverages, chemicals, cement, and other industries are anticipated t%li%be the major application segments that are expected t%li%contribute t%li%the growth of the market over the forecast period.
Industrial emerged as the largest market share in 2020 in terms of value for application segment as it is used in the industries such as cement, chemicals, power, steel, food, and beverages t%li%capture carbon and utilize it for a better purpose. In terms of value, cement in the industrial application segment emerged as the largest segment in 2020 as many companies are showing interest in the adoption of carbon capture and utilization technologies in their manufacturing plants in the form of pilot-scale projects t%li%evaluate the technology and economics of carbon capture and recovery, which is expected t%li%contribute t%li%the growth of the market in the coming years.
The demand for carbon dioxide has been experiencing a dip in sectors such as beverage manufacturing as restaurants and bars across Europe have shut operations. Also, reduced demand for oil has resulted in halted operations in oil production in some of the exploration sites of oil & gas vendors that employ carbon dioxide-based EOR techniques. Further, the demand for industrial-grade carbon dioxide has als%li%been on the lower side as industrial activities have slowed down in states badly affected by COVID-19.
However, the demand for CCU for the utilization of carbon dioxide has been on a higher side from medical and fire-fighting applications in Europe. The requirement for a large number of COVID care centers across the country, along with a number of medical applications of carbon dioxide, has resulted in high demand for medical-grade carbon dioxide in the region in recent times. Further, the requirement for fire-fighting equipment in newly developed hospitals and centers and upgrade in safety standards in existing facilities have resulted in increased demand for carbon dioxide in firefighting applications in the country.
Significant technological advancements in non-power sectors, such as petroleum refining, chemical, cement manufacturing, and metal foundry, in mature economies, such as the Netherlands, the U.K., and Norway, have led t%li%the implementation of CCU technologies in small or pilot phases. Such favorable initiatives, coupled with increasing awareness among policymakers across various industrial sectors regarding the benefits of such techniques t%li%curtail CO2 emissions are likely t%li%provide immense opportunities for future investments.
The industrial application segment dominated the market and accounted for a revenue share of 41.6% in 2020. The cement industry emits a significant amount of CO2 during the calcination of limestone (CaCO3) t%li%form CaO, which is the main precursor for cement production. The growing number of regulatory measures undertaken by the local governments t%li%limit carbon emissions has created lucrative opportunities for the carbon capture utilization market.
Moreover, carbon dioxide is widely used for upstream well servicing applications such as hydraulic fracturing and Enhanced Oil Recovery (EOR) applications such as miscible oil displacement in the oil & gas industry. Carbon dioxide is injected int%li%the rock pores t%li%recover crude oil. CO2 is miscible with crude oil and is comparatively less expensive than other similar miscible fluids used for these applications, making it a preferred choice for EOR applications.
Europe Carbon Capture Utilization Market Report Highlights
Europe Carbon Capture Utilization Market Growth & Trends
The Europe carbon capture utilization market size is expected t%li%reach USD 5,130.00 million by 2030, registering a CAGR of 16.6% from 2025 t%li%2030, according t%li%a new report by Grand View Research, Inc. Increasing applications of CCU in the enhanced oil recovery (EOR) in the oil and gas segment are expected t%li%contribute t%li%the growth of the market. Further, the food and beverages, chemicals, cement, and other industries are anticipated t%li%be the major application segments that are expected t%li%contribute t%li%the growth of the market over the forecast period.
Industrial emerged as the largest market share in 2020 in terms of value for application segment as it is used in the industries such as cement, chemicals, power, steel, food, and beverages t%li%capture carbon and utilize it for a better purpose. In terms of value, cement in the industrial application segment emerged as the largest segment in 2020 as many companies are showing interest in the adoption of carbon capture and utilization technologies in their manufacturing plants in the form of pilot-scale projects t%li%evaluate the technology and economics of carbon capture and recovery, which is expected t%li%contribute t%li%the growth of the market in the coming years.
The demand for carbon dioxide has been experiencing a dip in sectors such as beverage manufacturing as restaurants and bars across Europe have shut operations. Also, reduced demand for oil has resulted in halted operations in oil production in some of the exploration sites of oil & gas vendors that employ carbon dioxide-based EOR techniques. Further, the demand for industrial-grade carbon dioxide has als%li%been on the lower side as industrial activities have slowed down in states badly affected by COVID-19.
However, the demand for CCU for the utilization of carbon dioxide has been on a higher side from medical and fire-fighting applications in Europe. The requirement for a large number of COVID care centers across the country, along with a number of medical applications of carbon dioxide, has resulted in high demand for medical-grade carbon dioxide in the region in recent times. Further, the requirement for fire-fighting equipment in newly developed hospitals and centers and upgrade in safety standards in existing facilities have resulted in increased demand for carbon dioxide in firefighting applications in the country.
Significant technological advancements in non-power sectors, such as petroleum refining, chemical, cement manufacturing, and metal foundry, in mature economies, such as the Netherlands, the U.K., and Norway, have led t%li%the implementation of CCU technologies in small or pilot phases. Such favorable initiatives, coupled with increasing awareness among policymakers across various industrial sectors regarding the benefits of such techniques t%li%curtail CO2 emissions are likely t%li%provide immense opportunities for future investments.
The industrial application segment dominated the market and accounted for a revenue share of 41.6% in 2020. The cement industry emits a significant amount of CO2 during the calcination of limestone (CaCO3) t%li%form CaO, which is the main precursor for cement production. The growing number of regulatory measures undertaken by the local governments t%li%limit carbon emissions has created lucrative opportunities for the carbon capture utilization market.
Moreover, carbon dioxide is widely used for upstream well servicing applications such as hydraulic fracturing and Enhanced Oil Recovery (EOR) applications such as miscible oil displacement in the oil & gas industry. Carbon dioxide is injected int%li%the rock pores t%li%recover crude oil. CO2 is miscible with crude oil and is comparatively less expensive than other similar miscible fluids used for these applications, making it a preferred choice for EOR applications.
Europe Carbon Capture Utilization Market Report Highlights
- The industrial segment led the market with the largest revenue market share of 42.34% in 2024 and is expected t%li%grow at the fastest CAGR of 17.1% during the forecast period.
- As of 2024, Germany accounted for 20.76% revenue share in the overall market. Government initiatives, supporting policies and plans, and availability of funds are some of the factors that are expected t%li%drive the market in the country
- The France carbon capture utilization market is anticipated t%li%grow at the fastest CAGR during the forecast period.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Materials & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. List of Abbreviations
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook, 2024 (USD Million) (Million Tons)
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
CHAPTER 3. EUROPE CARBON CAPTURE UTILIZATION MARKET VARIABLES, TRENDS, AND SCOPE
3.1. Market Lineage Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenges Analysis
3.5.4. Market Opportunity Analysis
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Forces Analysis
3.6.2. PESTEL Analysis
CHAPTER 4. EUROPE CARBON CAPTURE UTILIZATION MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Definition & Scope
4.2. Application Movement Analysis & Market Share, 2024 & 2030
4.3. Enhanced Oil Recovery (EOR)
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
4.4. Industrial
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
4.4.1.1. Chemicals
4.4.1.2. Cement
4.4.1.3. Others
4.5. Agriculture
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
CHAPTER 5. EUROPE CARBON CAPTURE UTILIZATION MARKET: COUNTRY ESTIMATES & TREND ANALYSIS
5.1. Key Takeaways
5.2. Country Movement Analysis & Market Share, 2024 & 2030
5.3. Germany
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.3. France
5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.4. Netherlands
5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.5. Poland
5.3.5.1. market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.6. Austria
5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Key Players & Recent Developments & Their Impact on the Industry
6.2. Key Company/Competition Categorization
6.3. List of key Components Suppliers and Channel Partners
6.4. Company Market Share & Position Analysis, 2024
6.5. Company Heat Map Analysis
6.6. Competitive Dashboard Analysis
6.7. Strategy Mapping
6.7.1. Collaboration/ Partnerships/ Agreements
6.7.2. New Product launches
6.7.3. Mergers & Acquisitions
6.7.4. Research & Development
6.7.5. Others
6.8. Company Listing/Profiles
6.8.1. Aker Solutions
6.8.1.1. Company Overview
6.8.1.2. Financial Performance
6.8.1.3. Product Benchmarking
6.8.2. Equinor ASA
6.8.3. Fluor Corporation
6.8.4. Linde Plc
6.8.5. Mitsubishi Heavy Industries Ltd. (MHI)
6.8.6. Royal Dutch Shell
6.8.7. Siemens Energy
6.8.8. Sulzer Ltd
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Materials & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. List of Abbreviations
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook, 2024 (USD Million) (Million Tons)
2.2. Segmental Outlook
2.3. Competitive Landscape Snapshot
CHAPTER 3. EUROPE CARBON CAPTURE UTILIZATION MARKET VARIABLES, TRENDS, AND SCOPE
3.1. Market Lineage Outlook
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenges Analysis
3.5.4. Market Opportunity Analysis
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Forces Analysis
3.6.2. PESTEL Analysis
CHAPTER 4. EUROPE CARBON CAPTURE UTILIZATION MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Definition & Scope
4.2. Application Movement Analysis & Market Share, 2024 & 2030
4.3. Enhanced Oil Recovery (EOR)
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
4.4. Industrial
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
4.4.1.1. Chemicals
4.4.1.2. Cement
4.4.1.3. Others
4.5. Agriculture
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
CHAPTER 5. EUROPE CARBON CAPTURE UTILIZATION MARKET: COUNTRY ESTIMATES & TREND ANALYSIS
5.1. Key Takeaways
5.2. Country Movement Analysis & Market Share, 2024 & 2030
5.3. Germany
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.3. France
5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.3.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.4. Netherlands
5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.5. Poland
5.3.5.1. market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
5.3.6. Austria
5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Million Tons)
5.3.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Million Tons)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Key Players & Recent Developments & Their Impact on the Industry
6.2. Key Company/Competition Categorization
6.3. List of key Components Suppliers and Channel Partners
6.4. Company Market Share & Position Analysis, 2024
6.5. Company Heat Map Analysis
6.6. Competitive Dashboard Analysis
6.7. Strategy Mapping
6.7.1. Collaboration/ Partnerships/ Agreements
6.7.2. New Product launches
6.7.3. Mergers & Acquisitions
6.7.4. Research & Development
6.7.5. Others
6.8. Company Listing/Profiles
6.8.1. Aker Solutions
6.8.1.1. Company Overview
6.8.1.2. Financial Performance
6.8.1.3. Product Benchmarking
6.8.2. Equinor ASA
6.8.3. Fluor Corporation
6.8.4. Linde Plc
6.8.5. Mitsubishi Heavy Industries Ltd. (MHI)
6.8.6. Royal Dutch Shell
6.8.7. Siemens Energy
6.8.8. Sulzer Ltd
