Europe Carbon Capture Utilization Market is expected to expand at a CAGR of 18.4% from 2020 to 2028
Europe Carbon Capture Utilization Industry Overview The Europe carbon capture utilization market size is expected to reach USD 3,985.4 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.4% from 2020 to 2028. Increasing applications of CCU in the enhanced oil recovery (EOR) in the oil and gas segment are expected to contribute to the growth of the market. Further, the food and beverages, chemicals, cement, and other industries are anticipated to be the major application segments that are expected to contribute to the growth of the market over the forecast period. Europe Carbon Capture Utilization Market Report Highlights In terms of revenue, the industrial application segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period As of 2020, Germany accounted for 20.0% revenue share in the overall market. Gover...