#Africa Green Cement Market

[mariacallous]

China’s economy is limping back to life after President Xi Jinping’s ill-fated “zero covid” decree, but there is one big victim: the country’s efforts to tackle climate change. China’s carbon emissions recently recorded their largest annual jump and are on track to reach an all-time high. Fueled by new Chinese Communist Party (CCP) language that posits coal as the mainstay of the energy system, domestic production and consumption have ticked up. As has approval of new coal-fired power stations.

Xi’s signature “dual carbon” goals—for China to peak emissions before 2030, and to reach carbon neutrality by 2060—are not yet at risk. But that’s only because of Beijing’s preponderance for setting its climate targets so low to begin with. However, the cost of China now meeting these goals is only going up, and the room for them to do more is shrinking.

The problem is that for the CCP leadership the only thing that matters at present is ensuring a short-term economic bump. Xi’s modest annual growth target of 5 percent must be achieved at all costs. That’s why if we are to have any hope of stopping runaway climate change in time, the West needs a strategy that is as much about climate sticks as it is about carrots. It’s about time we see climate inaction on the same par as human rights abuses or even incursions to international peace and security.

By far the biggest stick available to the west is implementing new green tariffs. These tariffs would increase the cost to China of exporting carbon intensive goods such as cement, steel and aluminum to regions like the European Union where local manufacturers are already subject to strict regulations on their own pollution. For the first time, it would mean a direct hip pocket cost for climate inaction on the Chinese trade balance sheet. It would help force Chinese manufacturers to adapt to lower polluting methods.

In October, the European Union will begin implementing a “carbon border adjustment mechanism” (CBAM), due to be fully operationally in its coverage by 2026. In the United States, both Republicans and Democrats have already taken steps to prepare for a similar scheme. A bill to calculate the emissions intensity of industrial materials produced domestically was recently passed, and there is a possibility of a follow-up to the CHIPS and Science Act or a new standalone “Foreign Pollution Act” bill will put in place the cornerstone of a future scheme—though that is still some time away. In the meantime, the United States and the European Union are also negotiating a green steel deal that will be an important placeholder by individually placing some tariffs on China absent a wider scheme.

The Middle Kingdom hates the idea of green tariffs. For them, trade and climate should never be discussed in the same sentence. It’s easy to see why. Deloitte estimates China will be the most exposed market (behind Russia) to the EU’s new scheme, with €6.5 billion of trade from China affected to begin with. The United Kingdom and Canada are also considering similar schemes. Persuading others like South Korea and Japan—which already have or are implementing domestic carbon markets—to follow suit would help tighten the screws on Beijing by covering over a quarter of their export market. Just as important will be getting developing countries like South Africa (and perhaps even India over time) to also do so to avoid fragmenting the global trade environment they already complain of.

It’s crucial these countries can not only come together, but that they then stick together. When dealing with China, it is always better to move in packs. Unfortunately, Brussels has a propensity for wanting to play the good cop with China to Washington’s bad cop. For instance, a recent commitment by the EU to “better understand and address China’s concerns” with their scheme has raised eyebrows.

Diplomacy therefore still matters. It can also show the foreign policy hard heads in Beijing who continue to set the small playing field for China’s international climate agenda, that this issue is fundamental to China’s global standing and not one that cannot be geopolitically horse traded. Given his proclivity for the opposite, Wang Yi’s return as foreign minister has likely made that job harder in recent weeks.

The bottom line is the world is running out of time for dialogue alone to solve the climate crisis. In May, the World Meteorological Organization said that by 2027 we were more likely than not to breach the 1.5 degrees Celsius temperature limit, widely considered by scientists to be a climate tipping point.

Yet in the face of this, Xi is only standing firm. During a recent visit by U.S. climate envoy John Kerry, Xi defended the pace and intensity of China’s actions, which he said “should and must be” determined free of outside interference. And while the resumption of climate talks between the United States and China is a welcome step forward in the geopolitical milieu of the broader relationship, Beijing clearly feels it owes nothing more to Washington.

It’s time get tougher. For the last decade or more, the cornerstone of the West’s approach to China on climate change has simply been to encourage the country to play a part in combatting it. That has had some impact. In 2009, China was prepared to walk away from a proposed global deal in Copenhagen that posited developed and developing countries should be treated the same. But by 2014, China stood alongside the United States and put forward its own plan to reduce emissions that helped pave the way for the Paris Agreement. A shifting domestic zeitgeist as air pollution in Chinese cities, and a greater awareness of the impacts of climate change taking hold was far more consequential for changing the attitude of the CCP leadership. The west needs to help that shifting domestic sentiment along.

For its part, China would say its installed more renewable energy last year and sold more electric vehicles than the rest of the world combined. China is also on track to double its goal for installed solar and wind capacity this decade. But absent a more concerted effort by Beijing, none of this is likely to matter much. More than two-thirds of the world’s installed coal-fired power capacity will soon be in China, if over 300 mooted new plants are built. By the middle of the century, China will also overtake the United States as the world’s largest historical emitter. This will remove its bifurcated defense against responsibility that because it did not cause the issue, it has no responsibility for fixing it.

If the West can move quickly to implement new green tariffs, it won’t take us long to know if they have been effective. In 2025, China along with the rest of the world will be required to set new targets to reduce emissions for a decade ahead. For its part, the United States will be under particular pressure to take a big step up from its goal of a 50 percent to 52 percent emissions reduction by 2030, buoyed by the Inflation Reduction Act’s new measures. Having finally peaked emissions at the end of this decade, the key question for China will be whether they can put them into structural decline. If it doesn’t, the consequences will be felt by us all.

[credenceresearchdotblog]

The global White Coal Market is projected to grow significantly from USD 3,005 million in 2024 to USD 5,319.59 million by 2032, at a compound annual growth rate (CAGR) of 7.4%. As the world increasingly seeks sustainable energy solutions, the white coal market has emerged as a promising alternative to traditional fossil fuels. White coal, also known as biomass briquettes, is a renewable energy source derived from agricultural and forestry waste. It is an environmentally friendly substitute for coal and other fossil fuels, offering economic, ecological, and operational benefits. This article explores the dynamics of the white coal market, including its growth drivers, challenges, and future prospects.White coal is produced by compressing biomass residues like agricultural waste, sawdust, sugarcane bagasse, and wood chips into cylindrical or square briquettes. This process does not involve the use of any chemical additives, making it a clean and green energy source. With a high calorific value and low ash content, white coal is an efficient alternative for industrial and domestic energy requirements.

Browse the full report https://www.credenceresearch.com/report/white-coal-market

Market Drivers

Environmental Concerns: The pressing need to reduce greenhouse gas emissions has accelerated the adoption of white coal. Unlike fossil fuels, white coal is carbon-neutral, as the carbon dioxide released during its combustion is offset by the carbon dioxide absorbed during the growth of the biomass.

Government Policies and Incentives: Several governments are promoting the use of renewable energy sources through subsidies, tax benefits, and regulations. For instance, many countries have implemented mandatory blending policies and incentives for using biomass-based fuels.

Cost-Effectiveness: White coal offers a cost-efficient energy solution, especially for industries with high energy demands. Its production uses waste materials, reducing raw material costs, and its combustion efficiency lowers operational expenses.

Growing Industrial Demand: Industries like cement, textiles, and power generation are increasingly adopting white coal as a fuel source due to its consistent performance and lower environmental impact.

Challenges in the White Coal Market

Despite its advantages, the white coal market faces several hurdles:

Raw Material Availability: The production of white coal depends on the availability of biomass residues. Seasonal fluctuations and competition for these resources can lead to supply chain challenges.

Lack of Awareness: Many potential users, especially in developing regions, are unaware of the benefits and applications of white coal. This lack of knowledge hampers market penetration.

Initial Investment Costs: Setting up a white coal production facility requires

Key Player Analysis:

Airex Energy

TorrCoal

SSGE Bio-Energy Company Ltd.

ETIA SAS

Global Bio-Coal Energy Inc.

Vega Biofuels Inc.

NextCoal International, Inc.

CSC Bio-Coal Sdn. Bhd.

Balaji Agro Coal Industries

Hind Bio Coal

Segmentations:

By Product Type:

Briquettes

Pellets

Lump

By End-Use

Residential

Commercial

Industrial

By Region:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/white-coal-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

[llivo-team]

Emerging Rental Markets to Watch in 2025

The world of short-term rentals is constantly evolving, and 2025 is set to introduce travelers and investors alike to exciting new markets. As remote work continues to rise and tourism rebounds globally, unconventional and less-explored destinations are stepping into the spotlight. These emerging rental markets offer unique opportunities for both travelers seeking fresh experiences and hosts looking to capitalize on untapped potential.

In this blog, we’ll explore the hottest emerging rental markets for 2025, highlighting what makes each destination special and why they’re worth your attention.

To learn more about how LLIVO is at the forefront of innovation in vacation rentals, read the Story of LLIVO.

1. Medellín, Colombia

Often called the "City of Eternal Spring" for its perfect climate, Medellín has transformed itself into a global hotspot for digital nomads and remote workers. With a growing number of coworking spaces and an affordable cost of living, the city offers a vibrant mix of culture, nightlife, and innovation.

Why Medellín?

Remote Work Appeal: High-speed internet and digital nomad-friendly accommodations.

Unique Experiences: Street art tours, coffee farm visits, and breathtaking landscapes.

Affordability: Rentals in Medellín are budget-friendly compared to other popular destinations.

Explore LLIVO’s listings for digital nomads here and discover how Medellín can redefine your work-life balance.

2. Krakow, Poland

Rich in history and culture, Krakow is quickly gaining recognition as a must-visit destination in Europe. With its medieval charm, vibrant arts scene, and affordable accommodations, Krakow appeals to a wide range of travelers—from history buffs to budget-conscious explorers.

Why Krakow?

Historical Significance: UNESCO World Heritage sites like Wawel Castle and the Old Town.

Affordable Luxury: High-end short-term rentals at a fraction of the cost compared to Western Europe.

Cultural Vibrancy: Festivals, art galleries, and world-class cuisine.

3. Phuket, Thailand

While Phuket has long been a favorite for beach lovers, its short-term rental market is evolving to attract long-term travelers, families, and luxury-seekers. The island's stunning beaches and eco-friendly tourism initiatives make it a standout in Southeast Asia.

Why Phuket?

Eco-Tourism: Emphasis on sustainable travel and green accommodations.

Family-Friendly Options: Spacious villas with pools and family-oriented amenities.

Unique Activities: Snorkeling, island hopping, and authentic Thai cooking classes.

Discover family-friendly vacation rentals in destinations like Phuket by exploring LLIVO’s listings here.

4. Tbilisi, Georgia

Tbilisi is quickly becoming a favorite for adventurous travelers and expats. Known for its welcoming locals, affordable cost of living, and eclectic architecture, Georgia’s capital city offers an intriguing blend of old-world charm and modern innovation.

Why Tbilisi?

Wine Culture: Georgia is one of the oldest wine-producing regions in the world.

Cultural Fusion: A mix of European, Asian, and Middle Eastern influences.

Remote Work Appeal: Visa-free travel for many nationalities and growing coworking spaces.

5. Cape Verde, West Africa

This archipelago off the coast of West Africa is emerging as a hidden gem for travelers seeking pristine beaches, vibrant culture, and year-round sunshine. Cape Verde is ideal for eco-tourists and adventure seekers looking for something off the beaten path.

Why Cape Verde?

Untouched Beauty: Secluded beaches and volcanic landscapes.

Cultural Richness: Influences from Africa, Portugal, and Brazil.

Adventure Opportunities: Hiking, windsurfing, and whale watching.

6. Bozeman, Montana, USA

As outdoor recreation continues to surge in popularity, Bozeman is cementing itself as a gateway to natural wonders like Yellowstone National Park. Known for its stunning mountain views and welcoming community, Bozeman is a magnet for adventure seekers.

Why Bozeman?

Outdoor Activities: Skiing, hiking, and national park exploration.

Rustic Luxury: High-end cabins and modern lodges for a cozy yet upscale experience.

Year-Round Appeal: From winter sports to summer festivals, there’s always something to do.

Learn more about adventure-friendly rentals and find your next outdoor escape.

7. Lisbon, Portugal

Lisbon remains a popular choice for travelers seeking a blend of history, culture, and stunning coastal views. In 2025, the city is expected to attract even more visitors as new short-term rental options cater to luxury travelers, digital nomads, and families alike.

Why Lisbon?

Cultural Landmarks: Belém Tower, Jerónimos Monastery, and Alfama district.

Vibrant Neighborhoods: Trendy areas like Bairro Alto and Principe Real.

Digital Nomad Hub: Thriving expat community and coworking spaces.

Conclusion

The short-term rental landscape in 2025 is more dynamic than ever, with emerging markets offering unique opportunities for travelers and hosts alike. Whether you’re drawn to the beaches of Cape Verde, the cultural vibrancy of Tbilisi, or the outdoor adventures in Bozeman, there’s something for everyone in these up-and-coming destinations.

LLIVO is proud to connect travelers to exceptional rental experiences worldwide. Ready to explore the future of travel? Sign up with LLIVO today and discover what makes these emerging markets so special.

Author Bio: Khurram Iqbal Founder of LLIVO, Volunteer Blog Writer for LLIVO | IT Leader | Expert in Consolidation & Modernization | Creative Content Creator | Ideation Specialist | Former Assistant Vice President | Previous Professor of English Language & Literature

Disclaimer: This blog post is based on publicly available data and personal experiences as of November 2024. Prices and availability may vary based on location and season. LLIVO and the author are not responsible for discrepancies in rates or availability. Please verify all details with individual hosts before booking.

[eurosunglobal]

Leading Green Millet Manufacturers and Suppliers from India

Green millet has become a valuable crop globally, favored for its health benefits and sustainable growing practices. As demand rises, India stands out as a top exporter, driven by favorable conditions and high-quality manufacturing. Indian green millet suppliers, including Eurosun Global, have strengthened India’s global export position. This blog dives into India’s role in the green millet market, showcasing its dominance as a reliable source.

India: The World’s Biggest Green Millet Exporter

India is one of the biggest green millet exporters, supplying to regions across Asia, Africa, Europe, and the Americas. Indian exports have surged due to millet’s popularity among health-conscious consumers and its use in diverse products. The subcontinent’s optimal growing conditions and efficient supply chain make India a natural leader in the green millet market.

India’s export growth is also attributed to competitive pricing and stringent quality controls. Its millet exports have seen steady increases, with major destinations including the UAE, USA, and European countries, highlighting India's reliability and reach.

Leading Green Millet Manufacturers in India

Indian green millet manufacturers operate on a large scale, focusing on high-quality production methods. Leading manufacturers ensure that Indian millet meets international standards, with production involving organic and sustainable practices. This dedication to quality has made Indian millet highly sought-after in the global market, often chosen for its purity and consistent quality.

These manufacturers emphasize advanced processing techniques and maintain strict hygiene standards. By doing so, they offer products that meet the expectations of both health-conscious consumers and commercial buyers.

Trusted Green Millet Supplier from India: What Sets Indian Suppliers Apart?

Indian suppliers excel by providing consistent quality and ensuring on-time delivery. A trusted green millet supplier from India is likely to have strong logistics networks and adhere to international packaging standards, preserving the millet’s freshness and quality during transit. The strength of Indian suppliers lies in their customer focus and flexibility in meeting various buyer needs, including organic, non-GMO, and gluten-free options. Indian suppliers are also known for their transparent business practices and the ability to cater to large and small orders alike, making them an appealing choice for global buyers.

Quality Standards and Export Process

Indian exporters follow a well-structured process, from harvesting to shipping. This includes sorting, cleaning, and packaging the millet under stringent quality checks to meet international safety standards. Many Indian suppliers hold certifications like ISO, HACCP, and FSSAI, assuring buyers of high-quality, uncontaminated products.

The careful handling and processing align with India’s goal of delivering millet that retains nutritional value, appealing to health-conscious markets worldwide.

Government Initiatives Supporting Millet Exports

The Indian government has played a crucial role in promoting millet exports. Programs under the “Millet Mission” encourage increased production, providing subsidies and financial support to farmers and manufacturers. These initiatives aim to double India’s millet exports, cementing India’s position as the leading millet exporter.

With this support, Indian suppliers have the confidence to expand into new markets, backed by favorable policies and improved infrastructure.

Why Choose Indian Green Millet Suppliers?

Choosing an Indian millet supplier brings several benefits. Indian suppliers offer high-quality products, competitive pricing, and flexible options for a wide range of buyer needs. Additionally, India’s rich agricultural history and climate provide favorable growing conditions for millet, ensuring consistent supply year-round.

In comparison with other countries, India’s emphasis on sustainability and quality gives it a competitive edge. Global buyers seeking reliable and eco-friendly options increasingly prefer Indian millet, drawn by the purity and versatility it offers.

Conclusion

India’s prominence as a leading green millet exporter has been established through dedication to quality and extensive government support. With a strong reputation and growing global demand, India is well-positioned to remain a significant player in the green millet market. As global consumers become more health-conscious, Indian green millet manufacturers are expected to continue thriving on the world stage, bringing sustainable and nutritious millet products to customers worldwide.

[marketingreportz]

Carbon Capture & Storage (CCS) Market,Industry Forecast, 2024–2030.

Carbon Capture and Storage (CCS) Market Overview

Carbon Capture & Storage (CCS) Market Size is forecast to reach $ 80,000 Million by 2030, at a CAGR of 30% during forecast period 2024–2030. The emerging demand for carbon dioxide injection technologies for Enhanced Oil Recovery (EOR) and stringent government standards for greenhouse gas emissions are the key factors driving the market growth. Carbon Capture and Storage or Carbon Capture and Sequestration (CCS) is a technology to combat climate change in which Carbon dioxide (CO2) is captured and then transported where it is stored permanently across depleted hydrocarbon fields and deep saline aquifer formations. The goal of carbon capture and storage is to keep CO2 emissions out of the atmosphere as increased levels of CO2 is the main culprit behind the Greenhouse effect and global warming which has a detrimental effect not only on the environment and also on the economy as a whole. 

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When the COVID-19 pandemic hit, many end use industries like Chemical plants, Iron and Steel, Fertilizer and other industries scaled back production and many were shut down due to lockdowns. In early 2020, investing huge capital for Carbon Capture and Storage projects took a backseat for a while as industries struggled to make profits. For instance, in March 2020 Petra Nova CCS Facility, USA paused all Carbon Capture and Storage operations. On the other hand, as human activities were brought to a complete standstill, the levels of CO2 also decreased. According to the Global Carbon Project, in April 2020, daily global emissions decreased by 17% when compared with the mean 2019 levels. This made people more conscious of the efforts to reduce CO2 emissions and push for clean technologies to combat climate change which in turn boosts the Carbon Capture and Storage market.

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Carbon Capture and Storage (CCS) Market Report Coverage

The report: “Carbon Capture and Storage (CCS) Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Capture and Storage Market.

By Capture Technology: Post Combustion Capture, Pre-Combustion Capture, Oxyfuel Combustion and Industrial Separation

By Storage Technology: Geological Storage, Deep Ocean Storage, and Enhanced Oil Recovery (EO

By End-Use Industry: Power Generation, Iron and Steel, Oil and Gas, Chemicals, Cement and Concrete, Biofuels, Fertilizers, Textiles, Food and Beverages, Paper and Pulp, and Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Key Takeaways

North America dominates the CCS market, with USA having the lion’s share of operational or under construction schemes of CCS plants.

The International Energy Agency (IEA) estimates that we need a carbon capture and storage industry capable of capturing 7,000 million tons of carbon dioxide per year and storing it underground by 2050. So, the future of the global CCS industry looks promising.

There has been an increase in Global warming and CO2 emissions post lockdowns. This is leading to an increase in demand to curb emissions, which is increasing the demand for carbon capture and consecutively driving the market growth.

The major opportunity for this market is growing climate change awareness and development of clean and green mitigation technologies. Furthermore, it is also an opportunity for this market to develop advanced technology for safe and long-term storage of CO2.

Figure: Carbon Capture and Storage (CCS) Market Revenue Share, By Capture Technology, 2020 (%)

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Carbon Capture and Storage (CCS) Market Segment Analysis — By Capture Technology

Pre-combustion, post-combustion, oxy-fuel combustion, and industrial separation are some of the widely used capture technologies. The post-combustion capture segment held the largest share of 55.6% in the CCS market in 2020. In post combustion capture CO2 is removed after combustion of fossil fuels in power plants. CO2 is captured from flue gases at power stations or other point sources. The technology is currently used in other industrial applications as well. Post combustion capture is most popular in research because PCC can be typically built into existing industrial plants and power stations (retro-fitting) without significant modifications to the original plant. Post Combustion Capture offers high operational flexibility (partial retrofit, zero to full capture operation) and it can match market conditions for both existing and new power stations. Renewable technologies can be integrated in this process, in particular, Post Combustion Capture allows the use of low-cost solar thermal collectors to provide the necessary heat to separate CO2 from sorbents, effectively reducing the loss of electrical output caused by capture.

Oxy-fuel combustion is the fastest growing capture technology in the Carbon Capture and Storage market in 2020 and is growing at a CAGR of 41.0% during 2024–2030. Oxy-fuel combustion is the process of combusting hydrocarbon fuel in the presence of high purity oxygen. Generally, oxy-fuel combustion recycles flue gas to achieve a lower flame temperature, which makes it a highly efficient energy-saving combustion technology. Due to the large quantity of high purity oxygen required for this process, cryogenic air separation is currently the technology of choice for oxygen production. As demand for highly efficient and effective capture technologies increases, Post-combustion Capture and Oxy-fuel Combustion are expected to dominate the market during the forecast period.

Carbon Capture and Storage (CCS) Market Segment Analysis — By Storage Technology

The last and the most critical step in CCS is permanent storage of CO2. Geological Storage, Deep Ocean Storage and Enhanced Oil Recovery (EOR) are some of the storage technologies used. The EOR segment held the largest share of 70.0% in the CCS market in 2020. Enhanced Oil Recovery (EOR) is a process of extraction of crude oil from an oil field that otherwise cannot be recovered. Due to the physics of fluid flow, about two-thirds of conventional crude oil discovered in oil fields remains unproduced — primary oil recovery produces only about 10% of the reservoir’s original oil in place, with secondary recovery techniques increasing original oil in place production to approximately 20 to 40%. Tertiary (EOR) techniques prolong the life of producing fields, ultimately leading to recovery of 30 to 60% of the original oil in place. The United States Department of Energy (DOE) has estimated that full use of next generation CO2-EOR in the country could generate an additional 240 billion barrels of recoverable oil resources. Developing this potential would depend on the availability of commercial CO2 in large volumes, which could be made possible by widespread use of carbon capture and storage. Geological storage is the fastest growing storage technology segment in the Carbon Capture and Storage market in 2020 and is growing at a CAGR of 33.1% during 2024–2030. Geological Storage involves injecting CO2 as a supercritical fluid and injecting it into geological formations like saline aquifers or deep unminable coal beds 800 meters or more below the Earth’s crust. According to the Global CCS institute, as of June 2021, 26 commercial CCS facilities with a total capacity of 40 million tons per annum (Mtpa) are operating, 3 more are in construction, 13 are in advanced development and approximately 21 are in early development. Each of these facilities is or will permanently store hundreds of thousands of tons of CO2 per year, and several store more than one million tons of CO2 each year. Five of the 21 operating facilities use dedicated geological storage.

Carbon Capture and Storage (CCS) Market Segment Analysis — By End Use Industry

Industries produce about 8 billion tons of CO2 emissions annually. Chemical, Iron and steel and cement industries are responsible for 70% of these emissions due to the nature of their processes and high temperature heat requirements. The only feasible option for mitigation is to remove CO2 after production using CCS. The Oil and gas segment held the largest share of 62.8% in the Carbon Capture and Storage market in 2020. The rising demand for crude oil and natural gas across various industries has driven the growth of the oil and gas industry. The rising investments in the oil industry to meet growing energy requirements with the focus on lowering greenhouse gas emissions will significantly stimulate the implementation of carbon capture and storage projects. The fastest growing end use industry segment in the Carbon Capture and Storage market in 2020 is biofuels which is growing at a CAGR of 43.2% during 2024–2030. This segment is growing fast owing to its popularity as a negative emission technology- Bioenergy with Carbon Capture and Storage (BECCS). BECCS is the process of extracting bioenergy from biomass and capturing and storing the CO2 thereby removing the atmospheric CO2. Biogenic CO2 is typically counted as a net-zero emission in most Greenhouse gas accounting schemes. This makes it a very low-cost CO2 source for capture. Thus, favoring the CCS market.

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Carbon Capture and Storage (CCS) Market Segment Analysis — By Geography

North America held the largest share in the CCS market in 2020 up to 54.0%. The US already had the highest number of operational CCS facilities and continued its lead in the global CCS projects with 12 of the 17 new commercial facilities added to the list projects in 2020. According to industry insights, North America will witness substantial growth on account of the increasing energy demands. For instance, the primary energy produced from fossil fuels in the US accounted for 79% of the total primary energy production in 2020 according to the IEA. Hence, there is a need to upgrade the conventional systems with effective emission control technologies like CCS to achieve the minimum emission rate. This contributes to the regional market growth. Projects were announced in the following end use industries — cement manufacturing, coal and gas-fired power plants, waste-to-energy plants, ethanol facilities and chemical production. These new projects are mainly due to incentives from the government as well as the DOE. Stringent regulatory standards by the government to decrease the greenhouse gas emissions will further boost the demand for carbon capture and storage technology in the region.

The APAC region is the fastest growing region and is growing at a CAGR of 44.3% during 2024–2030. In the Asia Pacific region commitments to reach net-zero emissions saw significant support over the last year from both, governments and businesses, which is spearheading CCS investment and driving the growth of the market. Increasing industrialization rate coupled with the growing investment toward expansion of manufacturing facilities has raised the deployment of CCS projects. Rapid deployment of gas and coal power plants in to cater to the growing demand for energy will accelerate the Asia Pacific market growth. For instance, in June 2021 Japan proposed $10 billion in government funding for low carbon projects overseas, particularly in Asia with the aim of offsetting the environmental impacts as it stays dependent on oil and gas imports to maintain energy security. Rising awareness regarding emission control along with ongoing industrial and commercial expansion will boost the market.

Carbon Capture and Storage (CCS) Market Drivers

Global Aim for Net Zero

There has been a tremendous growth in the renewable energy sources sectors but climate experts and scientists believe that this alone will not result in zero carbon emissions. CCS plays a vital role in ridding the existing energy sources of greenhouse gas emissions and one step closes to net zero. The CCS technologies available today can absorb more than 90% of CO2 generated by fossil fuel power stations and industrial plants. According a report, the International Energy Agency declares that without CCS it will be impossible to achieve the ambition of the Paris Agreement. Many countries have begun adopting CCS to put them on the right track to net zero. A Norwegian Company, Equinor’s “Hydrogen to Humber (H2H) Saltend” project will provide blue (zero emission) hydrogen from natural gas with carbon capture and storage technology for the Humber region in UK. The project is one of many steps toward realizing the 2019 UK law committing to net-zero greenhouse gas emissions by 2050. Such projects act as drivers for the CCS market during the forecast period.

Role of Power Generation Industry

The expeditious decarbonization of power generation industry is of utmost importance in achieving net-zero emissions as electricity generation is one of the largest sources of CO2 emissions globally. The demand for electricity is forecast to increase significantly. CCS equipped power plants will help ensure that the low carbon grid of the future is resilient and reliable. CCS is also essential for reducing emissions from the existent world-wide fossil fuel power plants. Globally, there is approximately 2,000 Giga Watts (GW) of operating coal-fired capacity, with over 500 GW of new capacity expected by 2030. Over 200 Gigatons of new capacity is already under construction. Without CCS retrofit or early retirement, coal and gas-fired power stations, both current as well as under construction, will continue emitting CO2 at rates that will consume 95% of the IEA’s Sustainable Development Scenario carbon budget by 2050. Retrofitting fossil fuel power generation plants with CCS can be a cost-effective option which means economies that are heavily dependent on coal such as China, India, and Southeast Asian countries can continue using it while moving toward a low-carbon economy, thereby transitioning towards zero emission. Thus, the growth in power generation also fuels the growth of CCS market.

Carbon Capture and Storage (CCS) Market Challenges

High Cost of Carbon Capture and Storage

Incorporating CCS technologies increases costs including capital investment in equipment technology, operating costs and transportation costs without providing additional revenue. The high cost of carbon capture and storage has kept the technology from entering mainstream use. Climate policies like carbon pricing are still not strong enough to make CCS economically attractive. For Carbon capture alone the cost varies from $15–120 per ton of CO2. Some CO2 capture technologies are commercially available now, while others are still in development, and this further contributes to the large range in costs. This challenge can be offset by government economic packages and incentives.

Environmental Considerations

The main critique towards CCS is that it may strengthen dependency on non-renewable fossil fuels and coal mining instead of adopting renewable energy solutions. Another concern is regarding the possible leaks in storage. Other concerns are explosions, earthquakes or any ecosystem side-effects. Such factors have become the major challenge of CCS which constrains the growth of the market.

Carbon Capture and Storage (CCS) Market Landscape

Technological advancements, partnerships, and R&D activities are key strategies adopted by players in the Carbon Capture and Storage market. Carbon Capture and Storage market top companies are General Electric Company, Royal Dutch Shell PLC, Aker Solutions ASA, Fluor Corporation, Mitsubishi Heavy Industries, Ltd, Halliburton Company, Siemens AG, Total S.A., Equinor ASA, ADA-ES, Inc, Exxon Mobil Corporation and Schlumberger Limited among others.

Acquisitions/Technology Launches

In June 2021, Northern Lights, Total Energies, Oxy Low Carbon Ventures, South Pole, Perspectives and Carbon Finance Labs announced the launch of the CCS+ Initiative which focus on advancing carbon accounting for a range of carbon capture, utilization, storage, and removal technologies that are underpinned by robust cradle-to-grave life cycle assessments (LCA) and rigorous verification standards to ensure environmental integrity.

In February 2020 Chevron Technology Ventures partnered with WAVE Equity Partners, and Marubeni Corporation by investing $16 million in Carbon Clean Solutions. Carbon Clean Solutions Limited is developing a carbon capture system that can be shipped to remote sites, where it will remove carbon dioxide at a price of $30 per ton.

Key Market Players:

The Top 5 companies in the Carbon Capture & Storage (CCS) Market are:

Aker Carbon Capture

Equinor ASA

Shell Plc

Exxon Mobil Corporation

TotalEnergies

For more Chemicals and Materials Market reports, please click here

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Limestone Market: Trends, Growth, and Future Prospects

The Limestone Market is a sedimentary rock composed mainly of calcium carbonate, has been a crucial material in various industries for centuries. Its wide range of applications, from construction to industrial uses, makes it an essential commodity in the global market. In recent years, the demand for limestone has witnessed a steady increase, driven by infrastructure development, the growth of the steel and cement industries, and environmental sustainability efforts. This blog explores the key trends, growth drivers, and future prospects of the limestone market.

Overview of the Limestone Market

Limestone is a naturally occurring mineral that plays a critical role in a wide range of industrial processes. Its versatility is reflected in its numerous uses, such as in the production of cement, steel, glass, and chemicals. Additionally, it is used as a soil conditioner in agriculture and as a filler in various products like paints, plastics, and toothpaste.

The global limestone market is expansive, with key regions including North America, Europe, Asia Pacific, and the Middle East & Africa. In 2023, the limestone market was valued at approximately USD 76.5 billion, and it is expected to grow significantly over the next few years, driven by rising demand across multiple sectors.

Key Trends Shaping the Limestone Market

Rising Construction and Infrastructure Development One of the most prominent drivers of limestone demand is the booming construction industry. Limestone is a key component in cement production, which is used in building infrastructure projects, such as highways, bridges, and residential and commercial buildings. The surge in urbanization, especially in emerging economies like China, India, and Brazil, has created a heightened need for limestone in construction materials.Countries like China, with its ambitious infrastructure projects under the Belt and Road Initiative, are leading the demand for limestone. Similarly, large-scale housing and road development projects in India are contributing to the expansion of the limestone market.

Growth in the Steel Industry The steel industry is another major consumer of limestone. Limestone is used in the production of steel as a flux to remove impurities like sulfur and phosphorus from the molten iron. The growth of the steel industry, particularly in Asia Pacific, is fueling limestone demand.The Asia Pacific region, home to major steel producers like China, India, Japan, and South Korea, is witnessing increased limestone consumption. China's steel production alone accounts for a significant portion of the global limestone market. As the steel industry continues to grow, particularly with the expansion of manufacturing and automotive industries, limestone will remain in high demand.

Environmental Sustainability and Green Construction Environmental sustainability is becoming a key focus for industries across the globe. In the construction sector, green building practices are gaining popularity, and limestone plays a vital role in this shift. The material is known for its durability and low carbon footprint compared to other construction materials, making it a popular choice for sustainable construction projects.Additionally, limestone is used in flue-gas desulfurization (FGD) systems in power plants to reduce sulfur dioxide emissions. With stricter environmental regulations being implemented worldwide, the demand for limestone in pollution control applications is expected to rise.

Technological Advancements in Limestone Processing Advancements in limestone extraction and processing technologies are also shaping the market. Improved mining techniques, coupled with automation and digitization in limestone processing, have increased production efficiency and reduced operational costs. These innovations are helping limestone producers meet the rising demand while maintaining cost-effectiveness.Additionally, innovations in the use of limestone in composite materials and new applications, such as in carbon capture and storage (CCS) technologies, are opening up new opportunities for the limestone market.

Market Segmentation

The limestone market can be segmented based on various factors, including product type, application, and region.

By Product Type:

High-calcium Limestone: High-calcium limestone contains more than 95% calcium carbonate and is used in industries like steel, construction, and chemicals.

Magnesium-rich Limestone (Dolomitic Limestone): Dolomitic limestone contains significant amounts of magnesium carbonate and is used in the production of refractory materials, fertilizers, and as a flux in steelmaking.

By Application:

Construction: The construction industry is the largest consumer of limestone, primarily for cement production. Limestone aggregates are also used in road construction, rail ballast, and as a building material.

Steel Manufacturing: As mentioned earlier, limestone is crucial in the production of steel, where it acts as a flux to remove impurities from molten iron.

Chemical Manufacturing: Limestone is used in various chemical processes, including the production of lime, a key component in water treatment, flue-gas desulfurization, and the manufacture of glass.

Agriculture: Limestone is used in agriculture to neutralize acidic soils, promoting healthier plant growth. It is also used as a feed additive for livestock.

Environmental Applications: Limestone is increasingly used in environmental applications, such as in FGD systems for reducing sulfur dioxide emissions from power plants and in water treatment facilities to control pH levels.

By Region:

North America: The North American limestone market is driven by the robust construction and steel industries in the United States and Canada. Additionally, the region's environmental regulations are contributing to the increased use of limestone in pollution control applications.

Europe: Europe is another significant market for limestone, with strong demand from the construction and steel sectors. Countries like Germany, France, and the UK are major consumers of limestone, particularly in cement production.

Asia Pacific: Asia Pacific is the largest and fastest-growing market for limestone, driven by rapid industrialization and urbanization in countries like China, India, and Japan. The region's booming construction and steel industries are key factors behind the growth of the limestone market.

Middle East & Africa: The limestone market in the Middle East & Africa is driven by the region's construction boom, particularly in countries like Saudi Arabia, the UAE, and Qatar. The region's steel industry also contributes to the demand for limestone.

Latin America: In Latin America, the limestone market is expanding due to growing infrastructure projects and the development of the construction and steel industries, particularly in Brazil and Mexico.

Future Prospects and Growth Opportunities

The future of the limestone market looks promising, with several growth opportunities on the horizon:

Increasing Infrastructure Investments: As countries continue to invest in infrastructure development, particularly in emerging economies, the demand for limestone in cement production and construction materials is expected to rise.

Expansion of the Steel Industry: With the steel industry set to grow in response to rising demand from the automotive, construction, and manufacturing sectors, limestone will remain a key raw material in steel production.

Environmental Regulations: Stricter environmental regulations will drive the use of limestone in pollution control applications, particularly in flue-gas desulfurization systems in power plants.

New Applications in Carbon Capture: Limestone's potential use in carbon capture and storage (CCS) technologies presents a new avenue for growth. As industries seek ways to reduce carbon emissions, limestone-based CCS systems could play a crucial role in achieving sustainability goals.

Conclusion

The global limestone market is poised for steady growth, driven by demand from the construction, steel, and environmental sectors. With technological advancements, new applications, and increasing infrastructure investments, the future of the limestone market looks bright. As industries continue to evolve, limestone will remain a versatile and essential material, ensuring its continued importance in the global economy.

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Kaolin Market Intelligence Report Offers Growth Prospects

Kaolin Industry Overview

The global kaolin market size was valued at USD 3.98 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.Increasing investment in construction and infrastructure industry is propelling demand for paints & coatings, ceramic-based products, and cement, which is driving market growth.

Global construction industry is expected to witness lucrative growth over shifting inclination towards green construction, which in turn is expected to provide a significant growth opportunity for kaolin market. For instance, according to the World Bank’s new IFC report, green construction is anticipated to make investment opportunities worth USD 1.5 trillion for emerging markets.

Gather more insights about the market drivers, restrains and growth of theKaolin Market

Investments in construction, infrastructure development, and automotive production are expected to contribute to market growth over the forecast period. Growth of construction industry in the U.S. is a key factor contributing to demand for kaolin in the country. According to U.S. Census Bureau, total construction spending (residential and non-residential) grew by 3.5% in June 2023 on a y-o-y basis. The spending on single-family housing increased by 2.1% and multi-family housing by 1.5%.

Growing demand for painting due to rising investments in construction is leading companies to engage in strategic measures such as mergers & acquisitions, which are expected to influence the market demand positively. For instance, in November 2021, GDB International, Inc., a producer of paints & coatings, acquired a paint manufacturing plant in Illinois, U.S. This plant has a production capacity of 5 million gallons per year and can produce both water and solvent-based paints.

Further investments in medical industry are another driving factor for the market. For instance, in December 2021, Pfizer announced that it would acquire Arena Pharmaceuticals for about USD 6.70 billion. This deal was completed in March 2022 and is expected to help advance its presence in treatment of several immuno-deficiency diseases. Such developments indicate healthy growth for country’s pharmaceutical and medical industries. This is anticipated to have a positive impact on demand for kaolin in pharmaceuticals and medical application segment.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The India kaolin market size was estimated at USD 349.6 million in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030. The increasing construction and infrastructural developments, paper manufacturing, and growing paints and coating industries are driving growth for kaolin.

The global HDPE and LLDPE geomembrane market size was estimated at USD 1.36 billion in 2023 and is expected to grow at a CAGR of 5.6% from 2024 to 2030.

Key Companies profiled:

BASF SE

EICL Ltd.

Imerys S.A.

I-Minerals Inc.

KaMin LLC

LB Minerals Ltd.

Maoming Xingli Kaolin Co. Ltd.

Quazwerke GmbH

Sibelco

Thiele Kaolin Company

Key Kaolin Company Insights

Some of the key players operating in the market include KaMin LLC, Imerys S.A. and Sibelco.

KaMin LLC acquired the kaolin business from BASF SE in September 2022. The divestiture consists of the production hub with sites Toddvile, Edgar, Deweyville, and Gordon mines, mills, and reserves in the U.S.

Imerys S.A. specializes in the production & processing of minerals. It sells its products through three business segments: Performance Minerals Americas, Performance Minerals Asia Pacific, and Performance Minerals Europe, Middle East, and Africa.

Sibelco’s product portfolio includes dry sand, wet sands, kaolin, silica flour, frac sand, ball clay, cristobalite, feldspar, filtration sand, olivine sand, spherical silica, high-purity quartz, quicklime, coated sands, red clay, prepared bodies, hydrated lime, diatomite, nepheline Semite, olivine flour, and lithium minerals. The company manufactures kaolin for producing fine ceramics. The company’s kaolin reserves are in UK, Czech Republic, France, Germany, Spain, Portugal, and Ukraine.

WA Kaolin Limited and Maoming Xingli Kaolin Co., Ltd. are some of the emerging market participants.

WA kaolin is a mineral exploration, mining, and processing company. In November 2020, the company completed its definitive feasibility study of Wickepin Kaolin Project and in 2022 the company commissioned stage 1 of the Wickepin Processing plant

Maoming Xingli Kaolin Co., Ltd. has a high-quality mine named acicular kaolin mine that spreads across 800 acres. The company offers several products such as bone china clay, clay for porcelain, kaolin clay, porcelain clay, and others. Its key focus is on washed kaolin (without acid), 90-degree ball clay, and 90- degree kaolin.

Recent Developments

In November 2023, KaMin LLC and CADAM announced a price increase of their kaolin products by up to 9% starting from January 2024. This is to offset cost increase due to inflation, increase in mining cost, stringent environmental and regulatory requirements, and increase in electricity rates in the U.S. and Brazil, and labor cost.

In January 2024, the Federal Government of Nigeria announced that it has started to explore the possibility of production of salt and kaolin in Abuja. This is expected to increase global supply, hence providing price favorability to end users at a regional level.

Order a free sample PDF of the Kaolin Market Intelligence Study, published by Grand View Research.

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Adsorbents Market- By Type, By Form, By End-Use Application — Global Opportunity Analysis & Industry Forecast, 2024–2030

Market Overview

Adsorbents market size is forecast to reach US$10.8 billion by 2030 after growing at a CAGR of 6.3% during 2024–2030. Adsorption is the accumulation of atoms or molecules on the surface of a material. This process creates a film of the adsorbate on the adsorbent’s surface. Adsorbents are used to remove pollutants from oil and gas streams in the oil and gas sector and are also increasingly being used in the gas drying process. The escalating demand for adsorbents stems from their efficacy in ensuring clean air and water.

A prominent trend in the adsorbents market is the increasing focus on sustainable and bio-based materials. As industries seek environmentally friendly alternatives, bio-based adsorbents derived from renewable sources gain traction. Additionally, the rising emphasis on green technologies and the push for sustainable practices in various sectors further propels the adoption of bio-based adsorbents which contributes to a positive outlook for the adsorbents industry during the forecast period.

Report Coverage :

The report: “Adsorbents Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the global adsorbents industry.

By Type: Activated Alumina, Activated Charcoal, Activated Clay, Silica Gel, Metal Oxides, Polymer Adsorbents, Zeolites (Molecular Sieves) (Type 3A, Others), and Others

By Form: Powder, Flakes, and Others

By End-Use Application: Oil and Gas Industry (Natural Gas Purification, Gasoline, Diesel and Jet Fuel Production, Others), Petrochemical Industry (Ethylene Production, Propylene Production, Xylene Separation, Others), Chemical Industry (Industrial Gases, CASE (Coatings, Sealants, Adhesives, and Elastomers), Others), Automotive and Transportation, Pharmaceutical and Food, Water Treatment, Nuclear Waste Remediation, Refrigerant (Commercial, Industrial), Building & Construction, Personal Care and Cosmetic, and Others

By Geography: North America (U.S.A., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Denmark, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

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Key Takeaways : 

The Asia Pacific dominates the Adsorbents Market owing to the rising growth and increasing investments in the pharmaceutical and food industry.

The strict government regulations governing pharmaceutical product manufacture, hygiene, and quality control lead to a surge in the demand for adsorbents.

The rising demand for adsorbents in water and wastewater treatment application, has been a critical factor driving the growth of the Adsorbents Market in the upcoming years.

Adsorbents Market Segment Analysis — By Type

The zeolites segment held the largest share in the Adsorbents Market in 2023. Zeolites have a high degree of hydration, which results in a stable low-density crystal structure with a large void volume. Zeolites have been employed as an adsorbent in non-technically demanding, non-regenerative applications over the past two decades. New lightweight cementing methods for oil and gas completions to new modified zeolite adsorbents for extracting metals or organics from water are just a few of the new inventive applications. Systems for zeolite gas treatment, pressure swing adsorption, smell control, and other specific applications are being developed. Inorganic adsorbents, particularly for environmental applications, industrial gas production, and specialized chemicals, are the most valuable applications for zeolites and synthesized zeolites. Thus, the rising usage of zeolites in various applications, have uplifted the Adsorbents Market growth, in the forecast period.

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Adsorbents Market Segment Analysis — By End-Use Application

The petrochemical industry held the largest share in the market in 2023 and is expected to grow at a CAGR of 7.4% during 2024–2030. Adsorbents are utilized in the petrochemical industry to remove trace contaminants such as water and sulphur in the feed, intermediate, and product streams, for the smooth operation of the plant. The usage of the right adsorbent is necessary for the petrochemical plants due to the reactivity of ethylene plant streams. In the petrochemical industry, adsorbents are used for the effective removal of a wide range of contaminants from olefin-containing streams, complete system solutions for the treatment of off-gas streams from catalytic crackers (FCC, DCC, CPP) and acetylene producing units, and long lifetime and easy operability. The surging demand for adsorbents is due to the rising investments in its end use industry such as petrochemical industry. For instance, according to Alberta’s Industrial Heartland Association, the petrochemical sector in Alberta has the potential to increase by more than US$30 billion by 2030. Thus, the rising investments in the petrochemical industry of various countries will further drive the growth of the adsorbents market over the forecast period.

Adsorbents Market Segment Analysis — By Geography

Asia-Pacific region dominated the adsorbents market in terms of revenue with a share of 38% in 2023 and is projected to dominate the market during the forecast period 2024–2030. The growing demand for adsorbents, along with the high purchasing power in countries such as China, India, and Japan, tends to become a potential market for adsorbents during the forecast period. The surging adoption of adsorbents in the petrochemical, oil, and gas, and other sectors are driving the adsorbents market in China. Currently, several initiatives taken by organizations for the development of new petrochemical plants in the country have increased the demand for adsorbents. In November 2022, Saudi Aramco announced plans to invest in a US$7 billion project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp’s refining complex in the port city of Ulsan. In March 2023, Indian Oil announced plans to build a petrochemicals complex at Paradip with an investment of $7.3 billion. Such investments will drive the demand for adsorbents in this region during the forecast period. Adsorbents Market Driver :

Strict Government Regulations Governing Pharmaceutical Product Manufacture, Hygiene, And Quality Control Are Boosting Demand for Adsorbents

Pharmaceutical companies are putting a greater emphasis on quality control, which includes the use of adsorbents in procedures like instrument drying, drying of air-synthesis products, and deodorization. Several types of adsorbents are utilized in the pharmaceutical sector, with a selection depending on the application requirement. Activated carbon, for instance, is used to remove contaminated or by-products during the drug formulation process, whereas activated alumina is used to recover Pyrogen-free pharmaceuticals and as a desiccant for drying air and industrial gases. Also, silica gel is also employed in column chromatography as a pharmaceutical adsorbent, where it assists in the separation or collection of various medication components. Regulations mandating the use of adsorbents in the pharmaceuticals sector such as, by the United States Pharmacopeia (USP), Japanese Pharmacopeia (JP), and so on are also influencing the adsorbents market growth in the pharmaceutical sector. For instance, according to Invest India, the pharmaceutical industry in India is expected to reach $65 billion by 2024 and to $130 billion by 2030.

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Adsorbents Market Challenge

Reduced Shelf Life Due to High Level of Impurities Will Hamper the Market Growth

Although adsorbent materials can attract molecules to their surfaces, this ability is limited. Once the capacity has been reached, continued refining and purification will produce an equilibrium, which will lead to desorption. Adsorbents are utilized for adsorption of various pollutants and impurities such as carbon dioxide or hydrogen sulphide, mercaptans, manufacturing chemicals, and hydrate inhibitors in refining and purifying processes. The current contaminants react with the adsorbents at this point, causing the adsorbent to regenerate. These pollutants either renew or eliminate the adsorbent. The service life of adsorbents is determined by the material’s regeneration capacity, which could be a stumbling block for the overall adsorbents market.

Adsorbents Industry Outlook

Top 10 companies in the adsorbents market include:

BASF SE

Arkema SA

Honeywell International Inc.

Cabot Corporation

W. R. Grace & Co.

Clariant AG

Mitsubishi Chemical Corporation

Calgon Carbon Corporation (Kuraray)

Evonik Industries

Axens Group

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[fairfield-research]

Roofing Market 2024 Current Status and Challenges with Future Opportunities to 2031

The global roofing market stands as an indispensable aspect of building construction, serving vital functions across residential, commercial, and industrial applications. With its ability to provide insulation, protection from harsh weather conditions, and aesthetic appeal, roofing plays a pivotal role in enhancing the durability and aesthetics of structures worldwide.

According to recent estimates, more than 11 billion square meters of roofing were installed in 2018, reflecting the market's substantial size and importance. A diverse range of roofing materials, including asphalt shingles, metal, clay and concrete tiles, fiber cement, rubber, slate, and plastic, are utilized to cater to various applications and preferences.

For more information: https://www.fairfieldmarketresearch.com/report/roofing-market

Residential and Commercial Sectors Drive Market Growth

Residential construction continues to dominate the roofing market, driven by factors such as rising disposable incomes, increased housing projects, and demand for renovation and re-roofing. However, the commercial sector is poised to witness significant growth, fueled by investments in key projects like healthcare infrastructure, public transit, and institutional complexes. Metal, roof coatings, and single-ply membranes are expected to experience heightened demand in the non-residential segment, surpassing residential construction in growth potential.

Regional Dynamics and Emerging Opportunities

In North America, asphalt shingles reign supreme in the residential sector, covering over three-quarters of houses in the United States due to their economic benefits and ease of installation and maintenance. Meanwhile, Asia Pacific leads global roofing product demand, with China and India emerging as key markets. The region is experiencing a shift towards metal roofing systems, driven by changing consumer preferences and rapid urbanization.

The Middle East & Africa presents lucrative opportunities, propelled by investments in housing conditions, commercial activities, and urban development projects. With economic growth and rising income levels, the region anticipates increased spending on roofing systems, particularly for large-area houses.

Embracing Sustainability with Green Roofing

Amid growing environmental concerns, green roofing emerges as a sustainable solution to mitigate climate change and enhance quality of life. Green buildings, certified by standards like LEED, BREEAM, and DGNB, promote energy conservation and eco-friendly roofing solutions. These systems, covered with soil and vegetation, not only enhance aesthetics but also lead to significant energy savings by reducing heating and cooling requirements.

Innovations Driving Market Competitiveness

In an increasingly competitive market, companies are focusing on cost-effective and eco-friendly roofing solutions to meet evolving consumer demands. Product differentiation and technological advancements are paramount for success. Leading players are introducing advanced materials and systems to enhance functionality and promote energy conservation.

In 2020, FWave LLC introduced the REVIA™ Hand-Split Shake Collection, offering the look and style of real wood shake with minimal maintenance and installation costs. Additionally, they unveiled the REVIA Hybrid™ PV Thermal Roofing Tiles, a hybrid system harnessing solar and thermal energy.

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Green Cement Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2023 to 2030

Global Green Cement Market Size Was Valued at USD 27.27 Billion In 2022, And Is Projected to Reach USD 60.18 Billion By 2030, Growing at A CAGR of 10.1 % From 2023 To 2030.

The green cement market has been steadily growing as sustainability becomes a key concern in construction and infrastructure projects worldwide. Green cement, also known as sustainable or eco-friendly cement, is manufactured using alternative materials or processes that reduce carbon emissions compared to traditional Portland cement production. With increasing awareness of climate change and environmental degradation, there's a growing demand for construction materials with lower carbon footprints. Green cement addresses these concerns by reducing CO2 emissions during production. Many governments have implemented regulations and incentives to encourage the use of eco-friendly building materials, including green cement. This has stimulated market growth by creating a favorable regulatory environment.

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Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Leading players involved in the Green Cement Market include:

Lafarge Holcim, Heidelberg Cement AG, Anhui Conch Cement, CEMEX S.A.B. de C.V., Taiheiyo Cement Corporation, China National Building Material, Votorantim cimentos S.A., UltraTech Cement Ltd., Taiwan Cement Corporation, ACC Limited, Ecocem Ireland Ltd., Calera Corporation, Solidia Technologies, Cenin Cement, Green Island Cement Limited, and Other Major Players. 

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Segmentation of Green Cement Market:

By Product

Fly-Ash Based

Slag Based

Recycled Aggregates

Other Products

By Application

Commercial

Residential

Industrial

By Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Highlights from the report:

Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Green Cement Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.

Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.

Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.

Green Cement Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.

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[esgjuly]

The EU's Carbon Border Tax: What Reactions Can Developing Nations Take?

To help you as Carbon Border Adjustment Mechanism, The CBAM was eventually approved in May 2023 following four years of hard talks between the European Commission (EC), the Member States, and the European Parliament. The EC first proposed it in 2019 as part of the European Green Deal. The primary goal of the CBAM is to level the playing field for European businesses responsible for paying for production-related CO2 emissions with non-EU importers. The EU intends to prevent "carbon leakage," in which companies relocate their manufacturing to nations with laxer climate regulations, by imposing a tax on importers from the EU equal to the difference between the EU carbon price and the carbon price in the country of origin, if any. The levy is also essential for raising funds for the EU budget, reducing its reliance on contributions from Member States.

As an expert Carbon Border Adjustment Mechanism, CBAM will impact developing nations in terms of decreased GDP and lower trade volumes. By 2030, the European Commission projects that the tax on CBAM goods sold inside and outside the EU will bring in €9.1 billion annually. These proceeds will be used by the European Commission (EC) to pay back the loans made under Next Generation EU, the EU's 2020 COVID-19 recovery package. The voices of low- and middle-income nations lost two significant battles in these negotiations. First, least-developed countries (LDCs) will not be granted an exemption under the Camlin comparison, the EU's Everything Except Arms (EBA) program eliminates tariffs and quotas on all commodities imports from LDCs into the EU, except arms and ammunition. Second, the LDCs' attempts to decarbonize will not be financed with CBAM earnings.

In our understanding as Carbon Border Adjustment Mechanism, The idea was omitted from the final text because Member States needed to support it, even though the European Parliament had initially adopted a similar position’s may cause a drop in African exports to the EU of up to 13.9% for aluminum, 8.2% for iron and steel, 3.9% for fertilizer, and 3.1% for cement. However, some of these exports may be redirected to other markets, such as China and India. A 0.5% decrease in GDP and income throughout the continent is possible (this may seem tiny, but it is four times larger than the GDP advantages that the EU receives from its trade relationship with Japan). There will be more significant effects on some nations (and industries) than on others if they export large quantities of the impacted goods to the EU.

Being an Carbon Border Adjustment Mechanism, According to a collaborative study by the LSE and the African Climate Foundation of the leading economies/regions, Africa would be the most badly impacted. In a prior study conducted at CGD, we calculated that CBAM may cause Mozambique's GDP to decline by 1.6%; however, the more thorough approach of the LSE modeling indicates that this would be significantly less given the country's exports are redirected. Expanding the EU's carbon market scope is already underway, and the global trade implications of a larger CBAM might be enormous. African exports to the EU may decline by 5.72% and the continent's GDP by 1.12% in a scenario in which all exports to the EU would be covered by CBAM and at a carbon price of €87 per ton.

We believe as an Carbon Border Adjustment Mechanism, such expansion can also cause big losses in Asia. Including plastic products with high carbon intensity in the CBAM would result in a 0.6% and 0.2% GDP decline for Vietnam and Thailand, two significant exporters. Low- and middle-income nations are considering policy solutions to these effects. The EU hopes that by implementing carbon pricing in the key industries, the CBAM will inspire other countries to follow suit. To determine if lower-income nations have successfully imposed carbon prices, we have examined the World Bank's database on carbon pricing. Measuring GHG concentration can be pretty straightforward in some situations, like evaluating oil, and extremely difficult in others, like measuring methanol. Because different countries and producers have varying reporting standards and data is not readily available, verifying the GHG intensity of commodities is challenging.

[sqinsights]

Clearing the Air: A Glimpse into the Global Odor Control System Market

The Scent-sational Market Insights:

So, what’s the buzz in the odor control world? According to the latest report, the global odor control system market is no small fry, valued at a whopping USD 6.15 billion in 2021. It’s like the Avengers of the industrial aroma, combating smells that even superheroes might find challenging.

Market Growth Aromatics:

Why the surge in the odor control business? Well, blame it on urbanization and industrialization, the dynamic duo wreaking olfactory havoc across the globe. As more countries embrace the concrete jungle lifestyle, industrial plants and urban areas spew odors like confetti at a parade. This has led to a surge in demand for odor control systems, making them the unsung heroes of our increasingly crowded and smelly world.

Market Snapshot:

Let’s break it down like a detective on the scent trail:

Global Market Size: USD 6.15 billion (That’s a lot of zeros and a lot of fresh air).

Largest Segment: Activated Carbon Odor Control System (the heavyweight champion).

Fastest Growth: Activated Carbon Odor Control System (leading the race to fresh air).

Growth Rate: 6.3% CAGR (keeping pace with a sprinting cheetah).

Market Geography Tour:

Imagine the market as a global travel itinerary:

North America: Leading the charge with the U.S. playing odor control superhero.

Asia Pacific: A rising star, fueled by the aromatic challenges of China and India.

Europe: Keeping it fresh with stringent environmental regulations.

Latin America: Spice in the air, adding flavor to the market.

Middle East & Africa: Battling odors in the desert heat.

For More Information: https://www.skyquestt.com/report/fatty-acid-ester-market

Market Segmentation Symphony:

The market is like a well-orchestrated composition, with different players taking the stage:

System Types: Activated Carbon, Biological, Chemical — each with its own aromatic prowess.

End Users: Cement, Chemical & Petrochemical, Mining & Metal, Power & Energy — industries embracing the sweet scent of success.

Market Dynamics Unmasked:

What drives this aromatic adventure?

Urbanization and Industrialization: More people, more industries, more odors — cue the need for odor control.

Environmental Concerns and Regulatory Compliance: Governments cracking down on bad odors — it’s the law of the olfactory land.

Technological Advancements: Enter activated carbon filters, biofiltration, and chemical scrubbers — the tech superheroes saving the day.

Market Players — The Scent Avengers:

Who are the big shots in the odor control league?

Pentair PLC, The Clorox Company, Ecolab Inc.: The A-listers with a proven track record.

OMI Industries, Calgon Carbon Corporation: The specialists, bringing their own aromatic flair.

Recent Developments — Fresh Whiffs in the Air:

What’s new in the odor control world?

ERG (Air Pollution Control) Ltd.: Introducing the OdorEx — a new system combining biofiltration and activated carbon filtration.

Scotmas Limited: Unveiling the OdorFree — using photocatalytic oxidation and activated carbon filters.

Air Technology Systems Ltd.: Teasing the OdorStop — a system blending biofiltration and activated carbon for effective odor control.

Market Trends — A Breath of Fresh Insights:

Regulatory Compliance and Environmental Concerns: Governments tightening the leash on odorous emissions.

Technological Advancements and Innovation: Enter AI, data analytics, and green materials — the odor control tech revolution.

Conclusion — Breathing Easy in the Odor Odyssey:

In a world where bad smells lurk around every corner, the global odor control system market emerges as the unsung hero, battling odors and ensuring that we all breathe a little easier. As industries grow, urban areas expand, and regulations tighten, the demand for effective odor control solutions is set to keep the market fragrant with success. So, here’s to a world where bad odors are a thing of the past, thanks to the aromatic wonders of odor control systems!

About Us-

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-

SkyQuest Technology Consulting Pvt. Ltd.

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 617–230–0741

Email- info@skyquestt.com

Website: https://www.skyquestt.com

[market-spy]

Clearing the Air: A Glimpse into the Global Odor Control System Market

In a world that sometimes smells a bit too interesting, the global odor control system market steps in as the unsung hero battling bad odors from industrial activities. Picture this: wastewater treatment, agricultural operations, and landfills producing smells that can make your nose wish it had a mute button. But fear not, because odor control systems are here to save the day — or should we say, save your sense of smell.

The Scent-sational Market Insights:

So, what’s the buzz in the odor control world? According to the latest report, the global odor control system market is no small fry, valued at a whopping USD 6.15 billion in 2021. It’s like the Avengers of the industrial aroma, combating smells that even superheroes might find challenging.

Market Growth Aromatics:

Why the surge in the odor control business? Well, blame it on urbanization and industrialization, the dynamic duo wreaking olfactory havoc across the globe. As more countries embrace the concrete jungle lifestyle, industrial plants and urban areas spew odors like confetti at a parade. This has led to a surge in demand for odor control systems, making them the unsung heroes of our increasingly crowded and smelly world.

Market Snapshot:

Let’s break it down like a detective on the scent trail:

Global Market Size: USD 6.15 billion (That’s a lot of zeros and a lot of fresh air).

Largest Segment: Activated Carbon Odor Control System (the heavyweight champion).

Fastest Growth: Activated Carbon Odor Control System (leading the race to fresh air).

Growth Rate: 6.3% CAGR (keeping pace with a sprinting cheetah).

Market Geography Tour:

Imagine the market as a global travel itinerary:

North America: Leading the charge with the U.S. playing odor control superhero.

Asia Pacific: A rising star, fueled by the aromatic challenges of China and India.

Europe: Keeping it fresh with stringent environmental regulations.

Latin America: Spice in the air, adding flavor to the market.

Middle East & Africa: Battling odors in the desert heat.

For More Information: https://www.skyquestt.com/report/fatty-acid-ester-market

Market Segmentation Symphony:

The market is like a well-orchestrated composition, with different players taking the stage:

System Types: Activated Carbon, Biological, Chemical — each with its own aromatic prowess.

End Users: Cement, Chemical & Petrochemical, Mining & Metal, Power & Energy — industries embracing the sweet scent of success.

Market Dynamics Unmasked:

What drives this aromatic adventure?

Urbanization and Industrialization: More people, more industries, more odors — cue the need for odor control.

Environmental Concerns and Regulatory Compliance: Governments cracking down on bad odors — it’s the law of the olfactory land.

Technological Advancements: Enter activated carbon filters, biofiltration, and chemical scrubbers — the tech superheroes saving the day.

Market Players — The Scent Avengers:

Who are the big shots in the odor control league?

Pentair PLC, The Clorox Company, Ecolab Inc.: The A-listers with a proven track record.

OMI Industries, Calgon Carbon Corporation: The specialists, bringing their own aromatic flair.

Recent Developments — Fresh Whiffs in the Air:

What’s new in the odor control world?

ERG (Air Pollution Control) Ltd.: Introducing the OdorEx — a new system combining biofiltration and activated carbon filtration.

Scotmas Limited: Unveiling the OdorFree — using photocatalytic oxidation and activated carbon filters.

Air Technology Systems Ltd.: Teasing the OdorStop — a system blending biofiltration and activated carbon for effective odor control.

Market Trends — A Breath of Fresh Insights:

Regulatory Compliance and Environmental Concerns: Governments tightening the leash on odorous emissions.

Technological Advancements and Innovation: Enter AI, data analytics, and green materials — the odor control tech revolution.

Conclusion — Breathing Easy in the Odor Odyssey:

In a world where bad smells lurk around every corner, the global odor control system market emerges as the unsung hero, battling odors and ensuring that we all breathe a little easier. As industries grow, urban areas expand, and regulations tighten, the demand for effective odor control solutions is set to keep the market fragrant with success. So, here’s to a world where bad odors are a thing of the past, thanks to the aromatic wonders of odor control systems!

About Us-

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-

SkyQuest Technology Consulting Pvt. Ltd.

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 617–230–0741

Email- info@skyquestt.com

Website: https://www.skyquestt.com

[marketingreportz]

Carbon Capture & Storage (CCS) Market - Forecast(2024–2030)

Carbon Capture and Storage (CCS) market size is forecast to reach US$25.3 billion by 2026, after growing at a CAGR of 29.1% during 2021–2026. The emerging demand for carbon dioxide injection technologies for Enhanced Oil Recovery (EOR) and stringent government standards for greenhouse gas emissions are the key factors driving the market growth. Carbon Capture and Storage or Carbon Capture and Sequestration (CCS) is a technology to combat climate change in which Carbon dioxide (CO2) is captured and then transported where it is stored permanently across depleted hydrocarbon fields and deep saline aquifer formations. The goal of carbon capture and storage is to keep CO2 emissions out of the atmosphere as increased levels of CO2 is the main culprit behind the Greenhouse effect and global warming which has a detrimental effect not only on the environment and also on the economy as a whole. Carbon capture and storage aims at reducing the human carbon footprint. CO2 is mainly produced by the combustion of fossil fuels and is also a major by-product of many industries. Hence, it is vital to get rid of it in a responsible manner as it is a greenhouse gas. According to a report by the International Energy Agency (IEA), CCS could contribute to a 19% reduction in global CO2 emissions by 2050. In the Paris Climate Agreement, world governments agreed to keep emissions well below 2?C and to pursue efforts to keep it below 1.5?C. The Intergovernmental Panel on Climate Change (IPCC) concluded that global emissions need to reach net zero by 2050 to limit warming to 1.5?C. To achieve the Paris Agreement objective countries are trying to reach net zero. This goal to reach net zero greenhouse gas emissions is one of the major contributing factors to the growth of the Carbon Capture and Storage market. Clean technologies and increasing power consumption also play a significant role in driving the carbon capture and storage industry during the forecast period.

Sample Report:

COVID-19 Impact

Carbon Capture and Storage (CCS) Market Report Coverage

The report: “Carbon Capture and Storage (CCS) Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Carbon Capture and Storage Market.

Inquiry Before:

By Capture Technology: Post Combustion Capture, Pre-Combustion Capture, Oxyfuel Combustion and Industrial Separation By Storage Technology: Geological Storage, Deep Ocean Storage, and Enhanced Oil Recovery (EOR) By End-Use Industry: Power Generation, Iron and Steel, Oil and Gas, Chemicals, Cement and Concrete, Biofuels, Fertilizers, Textiles, Food and Beverages, Paper and Pulp, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Key Takeaways

North America dominates the CCS market, with USA having the lion’s share of operational or under construction schemes of CCS plants.

The International Energy Agency (IEA) estimates that we need a carbon capture and storage industry capable of capturing 7,000 million tons of carbon dioxide per year and storing it underground by 2050. So, the future of the global CCS industry looks promising.

There has been an increase in Global warming and CO2 emissions post lockdowns. This is leading to an increase in demand to curb emissions, which is increasing the demand for carbon capture and consecutively driving the market growth.

The major opportunity for this market is growing climate change awareness and development of clean and green mitigation technologies. Furthermore, it is also an opportunity for this market to develop advanced technology for safe and long-term storage of CO2.

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Figure: Carbon Capture and Storage (CCS) Market Revenue Share, By Capture Technology, 2020 (%)

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Carbon Capture and Storage (CCS) Market Segment Analysis — By Capture Technology

Pre-combustion, post-combustion, oxy-fuel combustion, and industrial separation are some of the widely used capture technologies. The post-combustion capture segment held the largest share of 55.6% in the CCS market in 2020. In post combustion capture CO2 is removed after combustion of fossil fuels in power plants. CO2 is captured from flue gases at power stations or other point sources. The technology is currently used in other industrial applications as well. Post combustion capture is most popular in research because PCC can be typically built into existing industrial plants and power stations (retro-fitting) without significant modifications to the original plant. Post Combustion Capture offers high operational flexibility (partial retrofit, zero to full capture operation) and it can match market conditions for both existing and new power stations. Renewable technologies can be integrated in this process, in particular, Post Combustion Capture allows the use of low-cost solar thermal collectors to provide the necessary heat to separate CO2 from sorbents, effectively reducing the loss of electrical output caused by capture.

Oxy-fuel combustion is the fastest growing capture technology in the Carbon Capture and Storage market in 2020 and is growing at a CAGR of 41.0% during 2021–2026. Oxy-fuel combustion is the process of combusting hydrocarbon fuel in the presence of high purity oxygen. Generally, oxy-fuel combustion recycles flue gas to achieve a lower flame temperature, which makes it a highly efficient energy-saving combustion technology. Due to the large quantity of high purity oxygen required for this process, cryogenic air separation is currently the technology of choice for oxygen production. As demand for highly efficient and effective capture technologies increases, Post-combustion Capture and Oxy-fuel Combustion are expected to dominate the market during the forecast period.

Carbon Capture and Storage (CCS) Market Segment Analysis — By Storage Technology

The last and the most critical step in CCS is permanent storage of CO2. Geological Storage, Deep Ocean Storage and Enhanced Oil Recovery (EOR) are some of the storage technologies used. The EOR segment held the largest share of 70.0% in the CCS market in 2020. Enhanced Oil Recovery (EOR) is a process of extraction of crude oil from an oil field that otherwise cannot be recovered. Due to the physics of fluid flow, about two-thirds of conventional crude oil discovered in oil fields remains unproduced — primary oil recovery produces only about 10% of the reservoir’s original oil in place, with secondary recovery techniques increasing original oil in place production to approximately 20 to 40%. Tertiary (EOR) techniques prolong the life of producing fields, ultimately leading to recovery of 30 to 60% of the original oil in place. The United States Department of Energy (DOE) has estimated that full use of next generation CO2-EOR in the country could generate an additional 240 billion barrels of recoverable oil resources. Developing this potential would depend on the availability of commercial CO2 in large volumes, which could be made possible by widespread use of carbon capture and storage. Geological storage is the fastest growing storage technology segment in the Carbon Capture and Storage market in 2020 and is growing at a CAGR of 33.1% during 2021–2026. Geological Storage involves injecting CO2 as a supercritical fluid and injecting it into geological formations like saline aquifers or deep unminable coal beds 800 meters or more below the Earth’s crust. According to the Global CCS institute, as of June 2021, 26 commercial CCS facilities with a total capacity of 40 million tons per annum (Mtpa) are operating, 3 more are in construction, 13 are in advanced development and approximately 21 are in early development. Each of these facilities is or will permanently store hundreds of thousands of tons of CO2 per year, and several store more than one million tons of CO2 each year. Five of the 21 operating facilities use dedicated geological storage.

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Carbon Capture and Storage (CCS) Market Segment Analysis — By End Use Industry

Industries produce about 8 billion tons of CO2 emissions annually. Chemical, Iron and steel and cement industries are responsible for 70% of these emissions due to the nature of their processes and high temperature heat requirements. The only feasible option for mitigation is to remove CO2 after production using CCS. The Oil and gas segment held the largest share of 62.8% in the Carbon Capture and Storage market in 2020. The rising demand for crude oil and natural gas across various industries has driven the growth of the oil and gas industry. The rising investments in the oil industry to meet growing energy requirements with the focus on lowering greenhouse gas emissions will significantly stimulate the implementation of carbon capture and storage projects. The fastest growing end use industry segment in the Carbon Capture and Storage market in 2020 is biofuels which is growing at a CAGR of 43.2% during 2021–2026. This segment is growing fast owing to its popularity as a negative emission technology- Bioenergy with Carbon Capture and Storage (BECCS). BECCS is the process of extracting bioenergy from biomass and capturing and storing the CO2 thereby removing the atmospheric CO2. Biogenic CO2 is typically counted as a net-zero emission in most Greenhouse gas accounting schemes. This makes it a very low-cost CO2 source for capture. Thus, favoring the CCS market.

Carbon Capture and Storage (CCS) Market Segment Analysis — By Geography

North America held the largest share in the CCS market in 2020 up to 54.0%. The US already had the highest number of operational CCS facilities and continued its lead in the global CCS projects with 12 of the 17 new commercial facilities added to the list projects in 2020. According to industry insights, North America will witness substantial growth on account of the increasing energy demands. For instance, the primary energy produced from fossil fuels in the US accounted for 79% of the total primary energy production in 2020 according to the IEA. Hence, there is a need to upgrade the conventional systems with effective emission control technologies like CCS to achieve the minimum emission rate. This contributes to the regional market growth. Projects were announced in the following end use industries — cement manufacturing, coal and gas-fired power plants, waste-to-energy plants, ethanol facilities and chemical production. These new projects are mainly due to incentives from the government as well as the DOE. Stringent regulatory standards by the government to decrease the greenhouse gas emissions will further boost the demand for carbon capture and storage technology in the region.

The APAC region is the fastest growing region and is growing at a CAGR of 44.3% during 2021–2026. In the Asia Pacific region commitments to reach net-zero emissions saw significant support over the last year from both, governments and businesses, which is spearheading CCS investment and driving the growth of the market. Increasing industrialization rate coupled with the growing investment toward expansion of manufacturing facilities has raised the deployment of CCS projects. Rapid deployment of gas and coal power plants in to cater to the growing demand for energy will accelerate the Asia Pacific market growth. For instance, in June 2021 Japan proposed $10 billion in government funding for low carbon projects overseas, particularly in Asia with the aim of offsetting the environmental impacts as it stays dependent on oil and gas imports to maintain energy security. Rising awareness regarding emission control along with ongoing industrial and commercial expansion will boost the market.

Carbon Capture and Storage (CCS) Market Drivers

Global Aim for Net Zero

There has been a tremendous growth in the renewable energy sources sectors but climate experts and scientists believe that this alone will not result in zero carbon emissions. CCS plays a vital role in ridding the existing energy sources of greenhouse gas emissions and one step closes to net zero. The CCS technologies available today can absorb more than 90% of CO2 generated by fossil fuel power stations and industrial plants. According a report, the International Energy Agency declares that without CCS it will be impossible to achieve the ambition of the Paris Agreement. Many countries have begun adopting CCS to put them on the right track to net zero. A Norwegian Company, Equinor’s “Hydrogen to Humber (H2H) Saltend” project will provide blue (zero emission) hydrogen from natural gas with carbon capture and storage technology for the Humber region in UK. The project is one of many steps toward realizing the 2019 UK law committing to net-zero greenhouse gas emissions by 2050. Such projects act as drivers for the CCS market during the forecast period.

Role of Power Generation Industry

The expeditious decarbonization of power generation industry is of utmost importance in achieving net-zero emissions as electricity generation is one of the largest sources of CO2 emissions globally. The demand for electricity is forecast to increase significantly. CCS equipped power plants will help ensure that the low carbon grid of the future is resilient and reliable. CCS is also essential for reducing emissions from the existent world-wide fossil fuel power plants. Globally, there is approximately 2,000 Giga Watts (GW) of operating coal-fired capacity, with over 500 GW of new capacity expected by 2030. Over 200 Gigatons of new capacity is already under construction. Without CCS retrofit or early retirement, coal and gas-fired power stations, both current as well as under construction, will continue emitting CO2 at rates that will consume 95% of the IEA’s Sustainable Development Scenario carbon budget by 2050. Retrofitting fossil fuel power generation plants with CCS can be a cost-effective option which means economies that are heavily dependent on coal such as China, India, and Southeast Asian countries can continue using it while moving toward a low-carbon economy, thereby transitioning towards zero emission. Thus, the growth in power generation also fuels the growth of CCS market.

Carbon Capture and Storage (CCS) Market Challenges

High Cost of Carbon Capture and Storage

Incorporating CCS technologies increases costs including capital investment in equipment technology, operating costs and transportation costs without providing additional revenue. The high cost of carbon capture and storage has kept the technology from entering mainstream use. Climate policies like carbon pricing are still not strong enough to make CCS economically attractive. For Carbon capture alone the cost varies from $15–120 per ton of CO2. Some CO2 capture technologies are commercially available now, while others are still in development, and this further contributes to the large range in costs. This challenge can be offset by government economic packages and incentives.

Environmental Considerations

The main critique towards CCS is that it may strengthen dependency on non-renewable fossil fuels and coal mining instead of adopting renewable energy solutions. Another concern is regarding the possible leaks in storage. Other concerns are explosions, earthquakes or any ecosystem side-effects. Such factors have become the major challenge of CCS which constrains the growth of the market.

Carbon Capture and Storage (CCS) Market Landscape

Technological advancements, partnerships, and R&D activities are key strategies adopted by players in the Carbon Capture and Storage market. Carbon Capture and Storage market top companies are General Electric Company, Royal Dutch Shell PLC, Aker Solutions ASA, Fluor Corporation, Mitsubishi Heavy Industries, Ltd, Halliburton Company, Siemens AG, Total S.A., Equinor ASA, ADA-ES, Inc, Exxon Mobil Corporation and Schlumberger Limited among others.

Acquisitions/Technology Launches

In June 2021, Northern Lights, Total Energies, Oxy Low Carbon Ventures, South Pole, Perspectives and Carbon Finance Labs announced the launch of the CCS+ Initiative which focus on advancing carbon accounting for a range of carbon capture, utilization, storage, and removal technologies that are underpinned by robust cradle-to-grave life cycle assessments (LCA) and rigorous verification standards to ensure environmental integrity.

In February 2020 Chevron Technology Ventures partnered with WAVE Equity Partners, and Marubeni Corporation by investing $16 million in Carbon Clean Solutions. Carbon Clean Solutions Limited is developing a carbon capture system that can be shipped to remote sites, where it will remove carbon dioxide at a price of $30 per ton.

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[religionmarket]

Wedding Planning Market: An In-depth Exploration of Growth and Evolution

The Wedding Planning Market, a dynamic and ever-evolving sector, is poised for significant growth, with projections pointing towards a multimillion-dollar valuation by 2030. This forecasted expansion is marked by an unexpected Compound Annual Growth Rate (CAGR) during the forecast period from 2023 to 2030, indicating rapid advancements and transformative shifts within the industry compared to the data spanning 2016 to 2022.

The Rise of Key Players and Industry Leaders

Central to the market's growth trajectory are the industry stalwarts and emerging players who have carved a niche for themselves through innovation, impeccable service delivery, and a keen understanding of evolving consumer preferences. Companies such as Lisa Vorce, Alison Events, KT Merry, and Easton Events stand out as frontrunners, spearheading initiatives that drive the industry forward and set new benchmarks in service excellence. Their innovative approaches, coupled with a commitment to delivering unparalleled experiences, have cemented their position in the competitive landscape, influencing market trends and shaping the future of wedding planning.

Technological Integration and Sustainability: The Twin Pillars of Transformation

A defining feature of the contemporary Wedding Market is the seamless integration of technology and a steadfast commitment to sustainability. With technological advancements reshaping industries globally, the wedding planning sector is no exception. Market players are leveraging cutting-edge technologies to enhance service delivery, streamline operations, and create immersive experiences for clients. From virtual wedding consultations and digital event management platforms to AI-driven personalized planning solutions, technology is redefining the boundaries of what's possible in wedding planning.

Parallelly, sustainability has emerged as a key focus area, with market players increasingly adopting eco-friendly practices, sourcing sustainable materials, and incorporating green initiatives into their offerings. As consumers become more environmentally conscious, there is a growing demand for weddings that not only celebrate love and union but also reflect responsible and sustainable choices. Market leaders are responding to this demand by integrating sustainability into every facet of wedding planning, from venue selection and décor to catering and transportation, fostering a culture of responsible celebration.

Market Segmentation and Diversification: Catering to Varied Consumer Preferences

The Wedding Planning Market, characterized by its diverse and multifaceted nature, encompasses a wide range of services tailored to meet varied consumer preferences and requirements. The market is segmented based on type, with offerings including Destination Wedding Planning, catering to couples seeking unique and exotic locales for their nuptials, and Local Wedding Planning, focusing on weddings within familiar and local settings.

Furthermore, in terms of applications, the market spans various channels, including online stores, chain stores, and other platforms, catering to the diverse needs and preferences of consumers. This diversification and segmentation enable market players to tailor their offerings, create bespoke experiences, and cater to a broad spectrum of clients, from traditionalists seeking classic and timeless weddings to avant-garde couples envisioning contemporary and unconventional celebrations.

Regional Dynamics and Global Expansion

Geographically, the Wedding Industry extends across key regions, each presenting unique growth opportunities, cultural nuances, and market dynamics. Regions such as North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America contribute significantly to the market's growth, driven by factors such as economic development, cultural influences, and evolving consumer trends.

While North America and Europe remain key markets, characterized by their mature and sophisticated wedding planning industry, regions like Asia-Pacific and Latin America are witnessing rapid growth, fueled by increasing disposable incomes, urbanization, and a burgeoning middle class. These regions, with their rich cultural heritage and diverse traditions, offer immense potential for market players to expand their footprint, forge strategic partnerships, and tap into new growth avenues.

Conclusion

In conclusion, the Wedding Market, with its dynamic landscape and transformative shifts, presents abundant opportunities for growth, innovation, and expansion. As market players navigate this evolving landscape, embracing technological advancements, prioritizing sustainability, and catering to diverse consumer preferences will be pivotal in driving success and fostering a thriving and vibrant wedding planning industry.