With the emergence and long-term Impact of COVID-19, Global Smart Carbon Market to reach USD 11.97 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Smart Carbon Market is poised to raise up to USD 11.97 Billion by 2030. Smart Carbon are a form of dietary supplement that provides the benefits of fiber in a convenient and enjoyable gummy form. Dietary fiber is an essential component of a healthy diet and offers numerous health benefits. The Smart Carbon are gaining popularity among people who manage to satisfy their daily fiber needs through food alone.
The increased awareness of the health advantages of dietary fiber, rising interest in protecting digestive health, and rising consumption of fiber-deficient diets are the key factors driving market expansion globally. Furthermore, the growing popularity of gummies among youngsters drives manufactures to develop new flavors and textures for their products.
Geographically, the global Smart Carbon market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA North America dominated the market in 2022 with largest market share because the region has several high-capacity carbon capture and sequestration plants, major expenditures in research and development, and other factors. Additionally, the region’s economy is being driven by financial efforts by the local governments. Whereas, Asia Pacific region is expected to be a fastest growing region over the forecast years. The presence of high-volume storage sites, mostly found in subsea oil and gas reservoirs with EOR activities, along with supportive government measures are projected to strengthen the market demand across the region.
The global Smart Carbon market is highly competitive owing to the presence of several key market players such as Aker Solutions, Dakota Gasification Company, Equinor ASA, Fluor Corporation, Linde plc, Maersk Oil, Mitsubishi Heavy Industries Ltd. and others.
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Key findings of the study suggest:
- Global Smart Carbon Market is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2023-2030.
- In the Source segment, Oil & Gas emerged out as the leading market segment in 2022.
- In the Technology Segment, Bio-Energy CCS (BECCS) emerged out as the leading market segment in 2022.
- In the Application segment, Synthetic Fuel emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to high-capacity carbon capture and sequestration plants, major expenditures in research and development, and other factors.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Source:
- Oil & Gas
- Power Generation
- Chemicals & Petrochemicals
- Cement
- Iron & Steel
- Others
Technology:
- Chemical Looping Combustion (CLC)
- Solvents & Sorbents
- Bio-Energy CCS (BECCS)
- Direct Air Capture (DAC)
Application:
- Urea Manufacturing
- Synthetic Fuel
- Chemical Production
- Building Aggregates
- Dry Ice
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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