This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
The Decarbonization Technologies for Chemical Industry market research delivers current market analysis plus a five-year market and technology forecast.
Demand for Decarbonization Technologies Accelerates in the Chemical Industry
ARC’s new research on decarbonization technologies in the chemical industry explores the current challenges that chemical companies are facing worldwide and the technologies offered by solution providers to achieve their objectives. Technological advancement is a major driver of decarbonization across the chemical industry and beyond. Innovations in carbon capture and utilization (CCU), energy storage, and process electrification are making decarbonization more practical and cost effective. Since the Paris Agreement in 2015, the pressure on companies to eliminate emissions and minimize the environmental impact has been increasing annually. Around 150 chemical companies across the globe have committed to reduce their carbon emissions.
Decarbonization Technologies for Chemical Industry Market Strategic Issues
In addition to providing a five-year market forecast, the Decarbonization Technologies for Chemical Industry market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Energy Transition
A shift to low-carbon energy sources is a key strategy for chemical companies, with electrification—especially from renewables—emerging as a preferred pathway. Major players are investing in large offshore wind farms, while others are securing clean power through local solar installations and long-term power purchase agreements (PPAs). However, limitations such as intermittent renewable supply and grid capacity constraints present major challenges.
To address these challenges, industry leaders are launching high-impact projects. In April 2024, BASF, SABIC, and Linde began operating the world’s first large-scale, electrically heated steam cracker furnace at BASF’s Ludwigshafen site. The pilot unit, powered by 6 MW of renewable electricity, can process up to four tons of hydrocarbons per hour—cutting CO2 emissions by up to 90 percent compared with conventional gas-fired cracking.
Beyond electrification, hydrogen, green ammonia, and synthetic e-fuels (such as e-methanol) are being explored as scalable alternatives. These fuels can be produced from surplus renewable electricity and stored or transported using existing infrastructure.
Advanced Energy Efficiency and Processes Innovations
The implementation of advanced energy efficiency measures—such as high-efficiency equipment, heat recovery systems, and digital process optimization—is critical for reducing energy consumption and industrial emissions. This push is reinforced by the European Union’s Energy Efficiency Directive (EED), revised in 2023, which sets a binding target to reduce EU final energy consumption by 11.7 percent by 2030. The directive requires large industrial companies to conduct regular energy audits and implement cost-effective energy-saving measures.
In parallel, innovations in electrocatalysis and electrochemistry are being adopted to reduce process emissions—particularly in areas such as green ammonia synthesis, CO2 conversion, and chemical separations that traditionally require large amounts of heat and pressure. These technologies support the electrification of traditionally fossil-dependent steps in chemical manufacturing.
Carbon Management and Circular Economy
Effective carbon management is gaining momentum as chemical and industrial companies ramp up investments in carbon capture, utilization, and storage (CCUS) technologies to mitigate emissions from hard-to-abate processes. For example, BASF and Linde are collaborating on a large-scale CCUS project in Germany to capture CO2 from ammonia production, aiming to reduce emissions by hundreds of thousands of tons annually. Similarly, TotalEnergies and ArcelorMittal are advancing CCUS deployment in Dunkirk, France, using CO2 from steel and chemical production for reuse or permanent storage.
The trading of carbon credits is also emerging as a viable market, supported by third-party certification platforms such as Verra and consulting firms such as South Pole, which assist companies in achieving verified emission reductions. This is particularly relevant for multinational firms aiming to balance their Scope 1 and Scope 2 emissions through offset mechanisms.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Major Trends
- Industry Trends
- Regional Trends
- Strategies for Success
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe/Middle East/Africa
- Asia
- Latin America
- Market Shares by Revenue Category
- Hardware
- Software
- Services
- Market Shares by Hardware Type
- AC Drives
- Acoustic Transmitters (wireless non intrusive)
- Continuous Emissions Monitoring System (CEMS)
- Energy Meters
- Gas Analyzer (TDLS, Micro motion gas analyzer)
- Gas Leak detector
- Industrial Gateway
- Micromotion Coriolis Flowmeters
- Pressure Transmitters
- Temperature Transmitters
- Vibration Transmitters
- Vortex Flowmeters
- Market Shares by Software Type
- Carbon Accounting and Emissions Tracking Software
- Energy Efficiency Software
- Libraries
- PSO
- Market Shares by Service Type
- Energy Efficiency Assessment
- Energy Optimization
- Packaged Solution
- Project Services
- Sustainability Consulting
- Market Shares by Sales Channel
- Market Shares by Customer Type
Market Forecasts
- Total Shipments of Decarbonization Technologies for Chemical Industry
- Shipments by Region
- North America
- Europe/Middle East/Africa
- Asia
- Latin America
- Shipments by Revenue Category
- Hardware
- Software
- Services
- Shipments by Hardware Type
- AC Drives
- Acoustic Transmitters (wireless non intrusive)
- Continuous Emissions Monitoring System (CEMS)
- Energy Meters
- Gas Analyzer (TDLS, Micro motion gas analyzer)
- Gas Leak detector
- Industrial Gateway
- Micromotion Coriolis Flowmeters
- Pressure Transmitters
- Temperature Transmitters
- Vibration Transmitters
- Vortex Flowmeters
- Shipments by Software Type
- Carbon Accounting and Emissions Tracking Software
- Energy Efficiency Software
- Libraries
- PSO
- Shipments by Service Type
- Energy Efficiency Assessment
- Energy Optimization
- Packaged Solution
- Project Services
- Sustainability Consulting
- Shipments by Sales Channel
- Shipments by Customer Type
Industry Participants
The research identifies all relevant suppliers serving this market.
For More Information
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